The developer of a proposed River Market office project at Third and Grand has scrapped the idea of a separate garage and is now paying the KCATA for the option to develop the site.
Briarcliff Development is pursuing the 200,000 square-foot office project on the 1.8-acre parking lot owned by the Kansas City Area Transportation Authority.
“We’re excited,” said Dennis Hays, KCATA senior policy advisor. “The plan now calls for two office buildings atop a garage with 600 spaces.”
The decision to incorporate the parking beneath the office structures marks a shift.
Last year, the redevelopment plan called for building a separate, 900-space garage on property owned near First and Grand by the Veolia energy company. That concept also called for the office space to be 300,000 square feet.
But now Veolia is pursuing a separate development concept for the former coal yard that calls for apartments and/or a commercial project to be located there.
Benninghoven is confident the project will land tenants because of its unique design and strategic location. The office building is expected to be built utilizing a timber frame.