KCRag Forum

Posted: **Wed Jun 22, 2022 11:37 am**

earthling wrote: ↑Wed Jun 22, 2022 9:40 am Some kind of activity update posted on June 1. Is no longer in delayed status.
https://www.construction.com/projects/d ... ouse-hotel

Wouldn’t doubt this project gets a little more motion following WC announcement as well

Posted: **Wed Jun 22, 2022 12:13 pm**

Nothing on site has changed that I've noticed

Posted: **Wed Jun 22, 2022 12:59 pm**

KCPowercat wrote: ↑Wed Jun 22, 2022 12:13 pm Nothing on site has changed that I've noticed

It was an issue with financing from what I remember with the developer, so likely a lot of paperwork to sort through if new financing has been lined up before there would be site work

Posted: **Thu Jun 30, 2022 10:36 am**

All, is the property still vying for a Hyatt banner? ..Does Hyatt remain committed to this?

Also, what is the state of the site now? Guessing a tall fence and partially poured substructure.

Posted: **Thu Jun 30, 2022 10:40 am**

kenrbnj wrote: ↑Thu Jun 30, 2022 10:36 am All, is the property still vying for a Hyatt banner? ..Does Hyatt remain committed to this?

Also, what is the state of the site now? Guessing a tall fence and partially poured substructure.

Yes on site state. Hyatt is just an operating nkt investor owner or developer

Posted: **Wed Aug 03, 2022 7:03 am**

This site claims Hyatt House status changed Aug 1 to "Sub Bidding, Construction". Any other sources to validate? Not sure how reliable this site is.
https://www.construction.com/projects/d ... ouse-hotel

Posted: **Mon Aug 29, 2022 9:33 am**

Latest Newmark hotel report claims downtown Hyatt House targets to open Q4/2023, there was no target date in previous report. No idea how accurate this is as it still shows Hotel Bravo with a target date yet is dead...
https://www.nmrk.com/storage-nmrk/uploa ... eports.pdf

Posted: **Mon Aug 29, 2022 9:54 am**

No new permits/plans in compass.

Posted: **Mon Aug 29, 2022 10:06 am**

KCPowercat wrote: ↑Mon Aug 29, 2022 9:54 am No new permits/plans in compass.

Does it need new or can it use the old

Posted: **Mon Aug 29, 2022 10:14 am**

I'd assume they would need to create new permits to restart work at this point?

Posted: **Tue Aug 30, 2022 1:05 pm**

This project seems like it should be easy to pull off since it does not require a parking structure. I would bet it still happens.

Posted: **Tue Aug 30, 2022 1:26 pm**

Isn’t this thing already done with the beginning work?

Posted: **Tue Aug 30, 2022 1:34 pm**

It's a hole in the ground with a little bit of concrete work done.

Posted: **Wed Nov 30, 2022 6:07 am**

Stalled Hyatt Hotel Project Revived with New Development Team

The long-stalled Hyatt House hotel project at Ninth and Broadway may have fresh life, with its Colorado developer taking on two partners and asking for a transfer of its tax incentive package to the new team.

Pedersen Development of Boulder is seeking approval of the new development arrangement from the Land Clearance for Redevelopment Authority. The proposal is scheduled to be considered by the LCRA board next week.
...
The proposed LCRA agreement states that Pedersen has enlisted two partners to the deal, O’Reilly Hospitality Management of Springfield and Lotus Holdings of Kansas City. The team is expected to seek a new development loan and resolve the subcontractor lawsuits.

The new development team is asking the LCRA to transfer the original 15-year property tax abatement, 10 years at 100 percent, five years at 37.5 percent.The project also was granted a sales tax exemption on building materials.
...

https://cityscenekc.com/stalled-hyatt-h ... mfE3M2x0cU

Posted: **Wed Nov 30, 2022 12:50 pm**

I hope it moves ahead. The dormant site isn’t looking too good

Posted: **Wed Nov 30, 2022 2:25 pm**

Now they will have to build around that mature tree that grew from the construction. Lol

Posted: **Wed Nov 30, 2022 3:31 pm**

KCPowercat wrote: ↑Wed Nov 30, 2022 2:25 pm Now they will have to build around that mature tree that grew from the construction. Lol

Lobby tree it is

Posted: **Wed Nov 30, 2022 6:42 pm**

Let’s get tower cranes up here, 4L & 10th Main at the same time.

Posted: **Wed Nov 30, 2022 7:22 pm**

I took these today. The views from the top floor of this place (if they're still doing a rooftop bar) will be nice.

Posted: **Thu Dec 01, 2022 9:58 am**

These drone photos give such a good perspective at density and what is left to be developed. Thanks.

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