KCRag Forum

normalthings wrote: ↑Thu Feb 18, 2021 6:19 pm Special Use Permit Applied for. Apparently hotels are not allowed within 150 feet of BLVD

https://compasskc.kcmo.org/EnerGov_Prod ... b=contacts

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In late March, Delta Quad received $4.95 million in debt backed by the former Federal Reserve building from two funds managed by Fairbridge Asset Management, a commercial real estate lender based in Darien, Connecticut. The short-term loans will mature in April 2024.

Shortly before the new financing was secured, three firms — Rau Construction, architect Browning Day and Hoss & Brown Engineers — last month recorded releases of previous mechanic's lien or lis pendens notices against the historic property with Jackson County.
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And on March 3, the former Federal Reserve building was removed from Kansas City's Dangerous Buildings list, where it had been since June 2020. That listing resulted from a limestone slab that fell to the sidewalk from the structure's south side in February 2020, city press secretary Sherae Honeycutt said. A city inspection on March 2 found the building secure, with no further concern of falling limestone.
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Delta Quad is affiliated with Roos Enterprises Inc. of Niles, Michigan. Roos Enterprises President David Roos said in 2021 that his group had invested about $42 million in the building at that point — including for interior demolition work and asbestos remediation — and was continuing to seek construction financing.
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SunPlat had acquired a previous short-term loan for the property and scheduled a foreclosure sale in the summer, in connection with several alleged defaults, before Delta Quad paid off the remaining loan amount and the sale was canceled.

One alleged default addressed an appearance of "complete disrepair" in the former Federal Reserve building under Delta Quad's ownership. SunPlat indicated in court filings that the Fed's large bronze seal had been torn from the middle of the grand lobby, elevator cables had been cut and some historic decorative windows seemed to have been stolen, among other issues.

FangKC wrote: ↑Mon Apr 17, 2023 11:21 pm There is renovation activity across the street to the south in the former Ozark National Bank Building (906 Grand) where they are converting that structure into an AC Hotel by Marriott.