A proposal by Axis KC LLC to develop a 14-story apartment project with 338 units between Walnut and Grand, from Eighth to Ninth streets. The $64 million plan calls for 10 stories of apartments above a four-level, 496-space garage.
It would require the demolition of what’s described as a dilapidated garage.
Yet another large project to knock out some of the gaps on Grand. Between this, the Sunflower project at 11th and Grand, the AC Hotel, Scarritt Building renovation, and the Embassy Suites/Federal Reserve, this stretch of Grand will have gone from "not to hot". But, I do admit that this is a ton of parking for this project, but it sort of makes sense. 338 spaces for residents (1:1 parking ratio) then 158 public parking spaces.
Apparently anti-development unrealistic affordable housing requirements were the best thing QL could do to flush out potential development projects LOL.
The description of this building ("Walnut to Grand") makes it sound like this building might replace the dilapidated, white garage that formerly housed Stables. For a building to have 338 apartments and only be 14 stories the floor plates would have to be pretty large.
Good to see a project go in that block on Grand that was a basically a big vast nothing. Residences in that area will hopefully spur some more businesses and such and help a few of the restaurants in that area. Will continue to create a nice seamless connections from River Market to Power and Light.
Unlike the other developers of the announced projects, this one's developer remains unknown. Axis KC LLC returns an address of 222 E. Dunklin, Ste 102, Jefferson City, MO. State records show that it's a company is registered in Dover Delaware. The address there is 1675 South State, Ste B, Dover, DE. That returns Capitol Services Inc, which seems to be a company that helps businesses register and handle that side of things. So the true developer will remain unknown, most likely, until plans are filed with the City.
Riverite wrote: ↑Wed Apr 21, 2021 4:29 am
That’s amazing, over 1200 apartments announced just in the last day
And 2000 parking spaces we don't need to subsidize.
Cordish and AXIS propose some sort of shared or mixed-use parking. Most of the others have 1-1 ratios or below. I honestly think it makes a lot of sense to go big with parking on these projects and then share with incentiveless projects later on. Just need a sharing requirement I guess.
Maybe if we had regional rapid transit, developers would be more comfortable with dropping those parking numbers.
Yeah, we had a lot of crappy routes that wandered all over the place. It's no wonder they all had very low ridership -- barely the threshold where you would run an actual fixed route bus.
As KCMO sales tax revenue improves, you will see more flexible services in places that have low density, little mix of uses, and limited pedestrian infrastructure -- like the Northland.
alejandro46 wrote: ↑Wed Apr 21, 2021 11:08 am
Apparently anti-development unrealistic affordable housing requirements were the best thing QL could do to flush out potential development projects LOL.
Short term gain long term loss. I imagine you’ll see the proposals drop off substantially now. I hope I’m wrong here, and please quote me in the future if I am, but IMO it effectively put the brakes on any decent development going forward
alejandro46 wrote: ↑Wed Apr 21, 2021 11:08 am
Apparently anti-development unrealistic affordable housing requirements were the best thing QL could do to flush out potential development projects LOL.
Short term gain long term loss. I imagine you’ll see the proposals drop off substantially now. I hope I’m wrong here, and please quote me in the future if I am, but IMO it effectively put the brakes on any decent development going forward
Exactly. Everything anyone could think or was thinking of doing got an application in.
alejandro46 wrote: ↑Wed Apr 21, 2021 11:08 am
Apparently anti-development unrealistic affordable housing requirements were the best thing QL could do to flush out potential development projects LOL.
Short term gain long term loss. I imagine you’ll see the proposals drop off substantially now. I hope I’m wrong here, and please quote me in the future if I am, but IMO it effectively put the brakes on any decent development going forward
Exactly. Everything anyone could think or was thinking of doing got an application in.
"Exactly right." - [Prominent Local Development Attorney] as [he/she] slices into a $75 lunch ribeye at Capital Grille.
Last edited by smh on Mon Apr 26, 2021 11:38 am, edited 1 time in total.
Short term gain long term loss. I imagine you’ll see the proposals drop off substantially now. I hope I’m wrong here, and please quote me in the future if I am, but IMO it effectively put the brakes on any decent development going forward
Exactly. Everything anyone could think or was thinking of doing got an application in.
"Exactly right." - Roxsen Koch as she slices into a $75 lunch ribeye at Capital Grille.
Hey, don't single out or blame the attorneys here. They're just the messengers advocating for their clients. Wasn't their decision to make this unrealistic affordable housing requirement. Also, lots of big law firms like Polsinelli fund substantial pro bono practices. (disclosure: I do not work for Polsinelli, but do know several attorneys there and they are nice people).