KCRag Forum

I'm told this project in a holding pattern.

DaveKCMO wrote: ↑Mon Apr 26, 2021 12:50 pm I'm told this project in a holding pattern.

any reason given?

This project seemed dead or something. Nothing happening on site. Was hoping to see this going up while in town.

Really disappointing that this stalled

^But not surprising some projects will hold as supply constraints/construction costs go up. Sucks that some projects may be delayed a year or more but this particular one is in a high enough profile location to happen at some point.

earthling wrote: ↑Thu Jul 08, 2021 1:33 pm ^But not surprising some projects will hold as supply constraints/construction costs go up. Sucks that some projects may be delayed a year or more but this particular one is in a high enough profile location to happen at some point.

There’s 32 surface lots along the streetcar. 4 more have been built on in five years.

If this project doesn’t happen it could take decades. Look at how long the ATA and city projects are taking.

Material costs have increased a lot in the past year. Many projects have been put on hold. They might have to refinance for increased cost, or holding off to see if prices come back down. Some of this is because of delays due to COVID, and some of it is likely due to Trump's tariffs resulting in price hikes.

I heard that this is being sold to the contractor who is planning to take it forward to finish it themselves.

jasty5 wrote: ↑Sun Jul 11, 2021 11:27 pm I heard that this is being sold to the contractor who is planning to take it forward to finish it themselves.

Good to hear. I had talked with a national developer who had an interesting in buying this out.

KC Commercial Reality is also supposed to be co-developing 5th Main south. Mhmmmmm

Lumber below 2018 peak price. Hope this gets Ashland and the Atlas going

normalthings wrote: ↑Fri Jul 16, 2021 9:18 am Lumber below 2018 peak price. Hope this gets Ashland and the Atlas going

https://markets.businessinsider.com/com ... mber-price

barely

FangKC wrote: ↑Fri Jul 09, 2021 1:52 am Material costs have increased a lot in the past year. Many projects have been put on hold. They might have to refinance for increased cost, or holding off to see if prices come back down. Some of this is because of delays due to COVID, and some of it is likely due to Trump's tariffs resulting in price hikes.

Price hikes aren’t due to tariffs for most of the economy I assure you.

Anthony_Hugo98 wrote: ↑Fri Jul 16, 2021 11:29 amPrice hikes aren’t due to tariffs for most of the economy I assure you.

What’s your source?

TheLastGentleman wrote: ↑Fri Jul 16, 2021 1:01 pm

Anthony_Hugo98 wrote: ↑Fri Jul 16, 2021 11:29 amPrice hikes aren’t due to tariffs for most of the economy I assure you.

What’s your source?

I can link a few, the simple point is that the majority of the effect of the tariffs were felt in 2019, and affected products like steel and aluminum, as well as general consumer goods, namely tech. The current price hikes are largely tied to rapid inflation of 5% or more across the board, which is itself tied to any number of logistical issues facing the post Covid international market. I have a really good video explaining the initial “shortage” perception of nearly every product which is the reasoning being used to justify many of the price hikes.

I can tell you from my own professional experience when Trump imposed the steel tariffs a few years back, structural steel prices jumped significantly. A number of projects I was working on had to be re-bid/VE'd to accommodate the sudden cost jump.

horizons82 wrote: ↑Sat Jul 17, 2021 10:00 am I can tell you from my own professional experience when Trump imposed the steel tariffs a few years back, structural steel prices jumped significantly. A number of projects I was working on had to be re-bid/VE'd to accommodate the sudden cost jump.

Absolutely it did, that was one of the biggest noticeable effects of the tariffs and it was almost immediate.

Most media (moderate right to lefty) show US/China tariffs did more harm than good. The hard right Trump supporting media might be only ones claiming tariffs helped US by cherry picking select data.

https://www.google.com/search?q=US+impa ... 96&bih=694

Generally neutral and less-biased Reuters typically reported more harm than good for US...
https://www.google.com/search?q=reuters ... CA4&uact=5

Even Fox News often reported more harm than good for US...
https://www.google.com/search?q=fox+new ... CA4&uact=5

Hard right leaning Washington Examiner also reported more harm than good for US...
https://www.google.com/search?q=washing ... CA4&uact=5

Conservative National Review mixed reports...
https://www.google.com/search?sxsrf=ALe ... 96&bih=694

Was told this project is absolutely dead and they're looking for a buyer.

bummer, it was a nice looking smaller project

Such a prime spot at streetcar stop so would be surprising if not taken over by a bigger ticket player that can deal with or wait out labor/materials challenges. And generally prepped for development with no tear downs needed.