Plaza move-ins (ongoing)

[Critical_Mass]

The 46Penn developer should just purchase the church building already. Clearly the owners are trying to sell it. That preserves their view and the historic structure which could be converted into a unique beer hall or something fun like that.

Otherwise, I don't feel like 6 condos for ultra wealthy people is really adding much density, just visual density. The earlier proposal featuring apartments (different developer?) brought much more density to the table.

[normalthings]

The 46Penn developer should just purchase the church building already. Clearly the owners are trying to sell it. That preserves their view and the historic structure which could be converted into a unique beer hall or something fun like that.

Otherwise, I don't feel like 6 condos for ultra wealthy people is really adding much density, just visual density. The earlier proposal featuring apartments (different developer?) brought much more density to the table.

Isnt the owner now the guy proposing this development? Block (46 Penn) is also proposing a luxury tower at 46 Madison which is a direct competitor to this.

[chaglang]

Great point, if Block wants their view, they should have just bought the church. For as involved as they have been in the fate of that parcel it would be surprising if it hadn’t been offered to them.

[beautyfromashes]

... the historic structure which could be converted into a unique beer hall or something fun like that.

It'd be 1000x more likely I would visit a place like this then the proposed restaurants.

[im2kull]

[Chris Stritzel]

Looks even better that way

[Cratedigger]

... the historic structure which could be converted into a unique beer hall or something fun like that.

It'd be 1000x more likely I would visit a place like this then the proposed restaurants.

A good model for this concept could be The Preacher's Son in Bentonville. Upscale restaurant in the former church area with a rotating 'Speakeasy' concept in the basement.

https://talkbusiness.net/2018/03/the-pr ... -finalist/

[FangKC]

Former NYC church turned disco turned retail space.

https://www.google.com/maps/@40.741046, ... 8192?hl=en


https://www.instagram.com/limelightfitnyc/

https://www.grimaldismenu.com/

https://www.juelanclub.com/

https://menashedesign.com/projects/lime ... rketplace/

[Riverite]

Former NYC church turned disco turned retail space.

https://www.google.com/maps/@40.741046, ... 8192?hl=en


https://www.instagram.com/limelightfitnyc/

https://www.grimaldismenu.com/

https://www.juelanclub.com/

https://menashedesign.com/projects/lime ... rketplace/

Got distracted by that beautiful building across the street

[dukuboy1]

I like the idea to re-purpose the church into a beer hall/ food hall or entertainment spot. Could be very hip and unique, a vibe better than a corporate packaged place. As for luxury condo isn't there a high rise going up at corner of SW Trafficway/Madison & 47th? The vacant land in front of the B&R building. That will add residents, just not smack within the Plaza Bowl as it were.

[daGOAT]

I like the idea to re-purpose the church into a beer hall/ food hall or entertainment spot. Could be very hip and unique, a vibe better than a corporate packaged place. As for luxury condo isn't there a high rise going up at corner of SW Trafficway/Madison & 47th? The vacant land in front of the B&R building. That will add residents, just not smack within the Plaza Bowl as it were.

There should be residents directly on the Plaza so it can function more as a village and less like a mall

[jbean3535]

https://www.bizjournals.com/kansascity/ ... -mall.html

Looks like it's official now.

[earthling]

^Ideally residential with retail below. Add an appropriate Moorish tower higher than residential with functional public use to appease the NIMBYs and bowl purists. Good time to challenge height restrictions with 2 residential proposals and apparent Mayor Q support. Should first release concept just above height restriction even if Plan A is within limits.

Would be foolish for Plaza to be stuck in the last century continuing mostly as a mall. Time for broad mixed use.

[MidtownCat]

https://www.bizjournals.com/kansascity/ ... -mall.html

Looks like it's official now.

It’s still mind blowing that the parking structure and that building were demolished without a concrete plan in place.

What a total joke. And now a gravel parking lot will remain for a least another three years along Jefferson at the terminus of Nichols while Simon farts around trying to drum up a mediocre solution. This is as embarrassing as the Mission Center debacle.

[shinatoo]

https://www.bizjournals.com/kansascity/ ... -mall.html

Looks like it's official now.

It’s still mind blowing that the parking structure and that building were demolished without a concrete plan in place.

What a total joke. And now a gravel parking lot will remain for a least another three years along Jefferson at the terminus of Nichols while Simon farts around trying to drum up a mediocre solution. This is as embarrassing as the Mission Center debacle.

I think the plan was about as concrete as could be. Did you forget we had a pandemic?

[FlippantCitizen]

Yeah if not for coronavirus we’d have that Nordstrom there no question. As it stands though that site is a scar on the plaza. Not being intimately familiar with the rules of the bowl, what would be that max height of a residential over retail building that would conform to the rules and what is the max height that could realistically be given an exception?

[taxi]

Rumor has it that Moshe Safdi is designing a mixed-use development for this site.

[Cratedigger]

Rumor has it that Moshe Safdi is designing a mixed-use development for this site.

[normalthings]

Rumor has it that Moshe Safdi is designing a mixed-use development for this site.

Haha. Throwback right?

[earthling]

Not a good sign. On Simon Property Group, which acquired most of Taubman recently, most recent Plaza owner...

Financial Condition
Although the company posted good growth numbers in 2021, the company's financial position is not healthy.

The company's balance sheet shows an Altman Z-score of 1.08, indicating a state of distress, and the risk of the company's bankruptcy in the years to come cannot be ruled out.

https://www.nasdaq.com/articles/why-sim ... op-further

Ideally Simon/Taubman sell the Plaza to a healthy urban mixed use owner that has the diversity to handle tough times and can bring large capital improvements to Plaza.