Search found 113 matches

by kenrbnj
Thu Dec 24, 2020 8:41 am
Forum: Power & Light District
Topic: Two Light - 14th & Grand
Replies: 1033
Views: 241471

Re: Two Light - 14th & Grand

normalthings wrote:
Thu Dec 24, 2020 1:11 am
Zoning Compliance Letters issued for One & Two Light. I see these come up often during buyer's due diligence. Any ideas of alternate causes for this?
Possibly as an exercise related to a refinancing event..
by kenrbnj
Sun Dec 06, 2020 9:51 am
Forum: Downtown
Topic: OFFICIAL - Waddell & Reed - 14th & Baltimore
Replies: 723
Views: 119865

Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

I wouldn't be too concerned by this turn of events. Undoubtedly, the long term lease is a liability on the W&R balance sheet. The acquiring entity is obligated to either sublease, utilize partially or fully, or pay whatever penalty clauses. Playing the odds, Macquarie will locate any US operations i...
by kenrbnj
Thu Nov 05, 2020 11:04 am
Forum: Downtown
Topic: 1650 Broadway
Replies: 72
Views: 12738

Re: 1650 Broadway

@ Normalthings: All of the developments not already underway are likely "in-review". HOWEVER, this COVID baloney is a chapter which will certainly close. One should consider these projects (1650 Broadway) to be "conceptual foundation". Post COVID, the 1650's or the Strata or the 12th and Grand proje...
by kenrbnj
Wed Nov 04, 2020 11:03 am
Forum: Downtown
Topic: 1650 Broadway
Replies: 72
Views: 12738

Re: 1650 Broadway

Denny's closing is the best news in a long time.

This update opens the block for the complete redevelopment.
by kenrbnj
Wed Oct 28, 2020 9:22 pm
Forum: Downtown
Topic: Downtown New Residential Units
Replies: 87
Views: 36860

Re: Downtown New Residential Units

Normalthings: There is definitely a market for the high-density, high-rise condominium product. The product, the price, and the HOA covenants must be correct. HOAs nationally have this core problem: Absent disciplined covenants; heavy ($$) maintenance gets deferred. Developers exacerbate the problem...
by kenrbnj
Wed Oct 28, 2020 7:20 pm
Forum: Downtown
Topic: Downtown New Residential Units
Replies: 87
Views: 36860

Re: Downtown New Residential Units

High rise co-op/condo: MAJOR consideration is HOA. I have a personal view (twice over): #1: In looking at S. Fl; I liked high-rise waterfront. Great location, less money. HOA for a high-rise is often $1000+/mo. Parking garages, commons areas, ELEVATORS, roof repair requiring heavy-lift helicopters, ...
by kenrbnj
Wed Aug 19, 2020 8:45 am
Forum: Downtown
Topic: Old KCPS HQ - 12th & McGee
Replies: 290
Views: 50015

Re: Old KCPS HQ - 12th & McGee

It is a hope/desire the prosperity of P&L, River Market, Crossroads, Crown Center shifts east. Within the loop area; the government buildings dominate. Stating fact: Those buildings and their employees do not seem to bring the same dynamic to their working district as compared to the private sector ...
by kenrbnj
Fri Aug 14, 2020 8:01 am
Forum: Power & Light District
Topic: Three Light
Replies: 1371
Views: 266998

Re: Three Light

"Completed plans call for the construction of a 557,000-square-foot, 28-story above grade, 321-unit multi-residential development; retail development; six-story above grade parking garage; and office development." per a recent update on a paid construction leads and bidding website Good to hear.. I...
by kenrbnj
Wed Jul 15, 2020 1:04 pm
Forum: Downtown
Topic: Freight House Podium Project - 20th and Walnut
Replies: 74
Views: 10849

Re: Freight House Podium Project - 20th and Walnut

Am I the only guy around here who notes a resemblance to Strata and to the proposed development near Denny's?

Regardless, this is a thing of beauty in a perfect location.

Let's hope these guys get the support, financing, and leasing in-place.
by kenrbnj
Wed Jul 08, 2020 8:33 am
Forum: Downtown
Topic: Status and future of the River Market area??
Replies: 2744
Views: 441273

Re: Status and future of the River Market area??

That makes sense and I can see it being a big issue in stronger markets. However, that seems like a non-issue here in KC. Many of our actual developers take years to get stuff going anyways. This model isn't really far off in timeline or pros/cons from what Copaken Brooks and others are already doi...
by kenrbnj
Tue Jul 07, 2020 2:54 pm
Forum: Urban Living
Topic: Real Estate Listings of Interest (Metrowide)
Replies: 143
Views: 85664

Re: Real Estate Listings of Interest (Metrowide)

Herrfrank: I think you might be onto the key element. Traffic. People who raise children will scorn Ward Parkway, I would think.. ..short of a fence and gate around the perimeter.
by kenrbnj
Tue Jul 07, 2020 11:34 am
Forum: Downtown
Topic: Status and future of the River Market area??
Replies: 2744
Views: 441273

Re: Status and future of the River Market area??

As proposed it is doable for Arnold. Doesn’t make much sense for anyone else besides RM West or Market Station to pick up. In theory, one could make a piece of property with a derelict property more valuable by acquiring permits, then packaging the shooting-match for a "Flip". Very aggravating. Cit...
by kenrbnj
Tue Jul 07, 2020 8:53 am
Forum: Downtown
Topic: Status and future of the River Market area??
Replies: 2744
Views: 441273

Re: Status and future of the River Market area??

I'm suspicious that this is anything more than a vaporware rendering for the seller; not a plug & play development plan. A glance at the zoning map still shows this as still manufacturing. A zoning change isn't a big hurdle for any buyer but does indicate a lack of seriousness on the part of the cu...
by kenrbnj
Wed Jul 01, 2020 3:08 pm
Forum: Urban Living
Topic: Real Estate Listings of Interest (Metrowide)
Replies: 143
Views: 85664

Re: Real Estate Listings of Interest (Metrowide)

The tax appraisal on that home is over $1.25M, so the taxes are a little over valued. If you were to buy it, you could contest the valuation next time it comes up, if they don't adjust automatically. As for why it hasn't sold, I can't really say. I do think that little stretch of Ward Parkway may b...
by kenrbnj
Wed Jul 01, 2020 1:14 pm
Forum: Urban Living
Topic: Real Estate Listings of Interest (Metrowide)
Replies: 143
Views: 85664

Re: Real Estate Listings of Interest (Metrowide)

Folks. Might I get your insight... This property: https://www.zillow.com/homes/for_sale/Kansas-City-MO-64109/2353002_zpid/86348_rid/400000-_price/1651-_mp/globalrelevanceex_sort/39.039477,-94.593959,39.026643,-94.612263_rect/15_zm/ a. Why is it having trouble selling? It is everything I would look f...
by kenrbnj
Wed Jul 01, 2020 9:06 am
Forum: Downtown
Topic: Status and future of the River Market area??
Replies: 2744
Views: 441273

Re: Status and future of the River Market area??

Further recognize the River Market was known as the "River Quay" in the 1970's and 1980's. It was riddled with mob-controlled front companies. Car bombing and contract killings were the news of that day. The rumors are that the stately old homes off Independence Avenue (near the old museum) had tun...
by kenrbnj
Tue Jun 30, 2020 8:08 am
Forum: Downtown
Topic: Status and future of the River Market area??
Replies: 2744
Views: 441273

Re: Status and future of the River Market area??

https://4.bp.blogspot.com/-KFpCrF_xhBM/T3hpc21G6kI/AAAAAAAAB58/G57s8r339RE/s1600/DSCN1369.JPG https://www.gannett-cdn.com/-mm-/a329e0beb4b57a333f04909eaa9004b8a6da4f1f/c=0-258-5170-3179/local/-/media/2017/02/13/WIGroup/GreenBay/636225805120395171-Menard-s.jpg?width=3200&height=1680&fit=crop Compell...
by kenrbnj
Sat Jun 27, 2020 8:26 am
Forum: Downtown
Topic: Crown Center: urban disaster, shining star, or in-between
Replies: 1148
Views: 156433

Re: Crown Center: urban disaster, shining star, or in-between

Union Hill's success was due in-part to CC (Specifically CCRDC). When I bought in Union Hill in 1996; the area as you approached Gillham Ave was dodgy. CC extended their security sweeps up to 30th street. It kept the nuttiness down and residents' confidence up. It would not be a stretch to expect a ...
by kenrbnj
Fri Jun 26, 2020 7:40 am
Forum: Downtown
Topic: Crown Center: urban disaster, shining star, or in-between
Replies: 1148
Views: 156433

Re: Crown Center: urban disaster, shining star, or in-between

With low interest rates and the expectation for a sharp recovery... It might be a good time.

KC-land was well behaved in this latest round of insanity. Good.
by kenrbnj
Thu Jun 18, 2020 2:08 pm
Forum: Downtown
Topic: Muehlebach Hotel / KC Club Project
Replies: 294
Views: 67842

Re: Muehlebach Hotel / KC Club Project

The CitySceneKC piece was telling: We should collectively anticipate a re-negotiation on many projects; based on the market conditions.

It is simply a buyers' market; to some extent. Signs of this were already discussed concerning 3-Light project...