OFFICIAL - Hyatt House (900 Broadway)

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flyingember
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by flyingember »

DaveKCMO wrote:
Sat Nov 21, 2020 5:33 pm
Who's paying $120/mo for surface parking in the loop? :roll:

Also, you forgot to subtract the TDD assessment for public surface public parking.
Think about 30 years from now and the average cost over 30 years with inflation, after other lots are built on.

The cost will go up over time and increase even faster as parking becomes more in demand.


Even at half my number over time, it still could be a good investment.

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TheLastGentleman
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by TheLastGentleman »

Someone sure likes numbers

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by dukuboy1 »

With ongoing cost of maintenance, not to mention liability insurance & security I can’t see where it would be a huge money maker. I’m sure it could turn a profit but eventually the land would become more valuable as well making selling it to a developer even smarter. I get if this project is dead you have to do something. I hope it is not dead but if so I think another developer would eventually step in. COVID will be controlled & thinks will change. It may be a slow recovery or a rocket ship, as pent up consumers are ready to get”back to normal”. Hell, the new BR hq building sat half finished & vacant for years until it was eventually developed

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Chris Stritzel
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by Chris Stritzel »

I'd say a residential building of the same height as the Hyatt House would do well here. The foundations are already in for a building of this height, so just repurpose the site.

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Re: OFFICIAL - Hyatt House (900 Broadway)

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alejandro46
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by alejandro46 »

Developers lender fell through, they got a default judgement against them, and developer is still working on finding alternative sources of funding now that the pandemic seems to have an end in sight. Said Brinkman (I believe) has taken equipment down, but willing to start up again once they get the green light. They say all the foundation/pierings have been done.

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by hartliss »

alejandro46 wrote:
Tue Dec 15, 2020 10:22 am
Developers lender fell through, they got a default judgement against them, and developer is still working on finding alternative sources of funding now that the pandemic seems to have an end in sight. Said Brinkman (I believe) has taken equipment down, but willing to start up again once they get the green light. They say all the foundation/pierings have been done.
Interesting. Thanks for the cliff note version. I thought for sure this project was done.

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by KCPowercat »

that crane came down in the darkness of night I feel like. I see it often.

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normalthings
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by normalthings »

hartliss wrote:
Tue Dec 15, 2020 11:37 am
alejandro46 wrote:
Tue Dec 15, 2020 10:22 am
Developers lender fell through, they got a default judgement against them, and developer is still working on finding alternative sources of funding now that the pandemic seems to have an end in sight. Said Brinkman (I believe) has taken equipment down, but willing to start up again once they get the green light. They say all the foundation/pierings have been done.
Interesting. Thanks for the cliff note version. I thought for sure this project was done.
The article also mentions strong interest from Hyatt in seeing this get built

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Chris Stritzel
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by Chris Stritzel »

normalthings wrote:
Tue Dec 15, 2020 12:31 pm

The article also mentions strong interest from Hyatt in seeing this get built
If Hyatt is interested in seeing this get built, can they just back the cost of the construction? Or maybe the Pritzker family? Or does that set a precedent that hasn't been done before by a hotel corporation and their owners?

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by WoodDraw »

Loews invested some equity into the convention center hotel and I think that’s part of why Hyatt was dropped.

But yeah, wouldn’t expect that here.

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by KCPowercat »

Nevermind my earlier post. The tower crane is still up.

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by Rabble »

KCPowercat wrote:
Wed Dec 16, 2020 2:18 pm
Nevermind my earlier post. The tower crane is still up.
My contact at Brinkmann says the crane is scheduled to come down first week of January. However, he is also optimistic the project will happen. Go figure.
Last edited by Rabble on Fri Dec 18, 2020 11:01 pm, edited 1 time in total.

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by KCPowercat »

Guess overall that's good?

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by Rabble »

KCPowercat wrote:
Fri Dec 18, 2020 9:30 pm
Guess overall that's good?
I believe so. I’m thinking the crane removal is brinkmann’s way of letting the developer know they’re getting impatient.

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normalthings
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by normalthings »

Rabble wrote:
Fri Dec 18, 2020 9:59 pm
KCPowercat wrote:
Fri Dec 18, 2020 9:30 pm
Guess overall that's good?
I believe so. I’m thinking the crane removal is brinkmann’s way of letting the developer know they’re getting impatient.
https://compasskc.kcmo.org/EnerGov_Prod ... 7121c075da

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Chris Stritzel
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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by Chris Stritzel »

normalthings wrote:
Wed Dec 30, 2020 5:46 pm
Rabble wrote:
Fri Dec 18, 2020 9:59 pm
KCPowercat wrote:
Fri Dec 18, 2020 9:30 pm
Guess overall that's good?
I believe so. I’m thinking the crane removal is brinkmann’s way of letting the developer know they’re getting impatient.
https://compasskc.kcmo.org/EnerGov_Prod ... 7121c075da
Perhaps the last picture of this crane up for a while.
Image

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by droopy »

Rabble wrote:
Fri Dec 18, 2020 9:28 pm

My contact at Brinkmann says the crane is scheduled to come down first week of January. However, he is also optimistic the project will happen. Go figure.
I noticed the crane removal began today.

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by KCLover »

Yep it was coming down this afternoon.

Image

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Re: OFFICIAL - Hyatt House (900 Broadway)

Post by KCPowercat »

Anything new here? Construction site unchanged.

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