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Re: Status and future of the River Market area??
Posted: Tue Nov 26, 2019 4:08 pm
by DaveKCMO
Maybe it was going to take too long to get started and finish?
Re: Status and future of the River Market area??
Posted: Tue Nov 26, 2019 4:53 pm
by kas1
normalthings wrote: ↑Tue Nov 26, 2019 3:51 pm
kas1 wrote: ↑Tue Nov 26, 2019 3:38 pm
I'd be skeptical of anything from Arnold. The only reason 2nd and Delaware actually happened is because a contractor lowballed a bid, built almost half of the project, then tried to renege on the promised price because it wasn't anywhere in the ballpark of reality. Yet for some reason the developer continues to insist that it's viable to build massive concrete bunkers in a market where everyone else is struggling to turn a profit with wood-frame buildings. It's all pretty bizarre to me.
It has been a long time but iirc, the theory is that the long run O&M costs will be so much less than average that they will be saving funds despite spending significantly more upfront. Also, I believe they received an equity investment from Berkshire Hathaway which removes the high costs associated with a loan.
Sure. But their construction costs will end up being around $340,000 per unit while other projects of comparable scale downtown are built for around $200,000-$250,000 per unit. It takes an awfully long time for a single apartment unit to rack up $100,000 in expenses for heating and cooling. I'd love to be wrong about this, but I just don't see it.
Re: Status and future of the River Market area??
Posted: Tue Nov 26, 2019 7:39 pm
by ToDactivist
probably a marginal deal BUT be happy he is completing it vs the alternative...
Re: Status and future of the River Market area??
Posted: Wed Nov 27, 2019 9:42 am
by flyingember
kas1 wrote: ↑Tue Nov 26, 2019 4:53 pm
Sure. But their construction costs will end up being around $340,000 per unit while other projects of comparable scale downtown are built for around $200,000-$250,000 per unit. It takes an awfully long time for a single apartment unit to rack up $100,000 in expenses for heating and cooling. I'd love to be wrong about this, but I just don't see it.
At $100 cheaper utilities per month (unlikely) it would take 83 years to break even.
They'll end up renting at a premium to someone who wants to be green.
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 3:01 pm
by Gator1022
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 3:08 pm
by earthling
It doesn't suck but a low unit count for such a large site.
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 3:33 pm
by KCPowercat
That rendering seems to only cover the front 1/2 of the lot?
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 4:09 pm
by normalthings
.
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 4:10 pm
by normalthings
earthling wrote: ↑Mon Dec 02, 2019 3:08 pm
It doesn't suck but a low unit count for such a large site.
There is a large "hotel" sign on the right side of the building. I didn't remember there being a hotel component to this project.
KCPowercat wrote: ↑Mon Dec 02, 2019 3:33 pm
That rendering seems to only cover the front 1/2 of the lot?
I can't figure out the perspective either. The streetcar goes straight instead of turns, the background buildings are non-existent irl, there is a sign for a hotel, and the project doesn't cover the parcel.
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 4:19 pm
by TheLastGentleman
That picture definitely shows the southwest corner of 3rd and grand. Note the design of the sidewalk at the corner.
If the rendering is to be believed, I don't think the project will cover the full block
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 4:29 pm
by normalthings
At least it leaves the north half of the lot open for that long time proposed commuter rail station. /s
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 4:31 pm
by langosta
normalthings wrote: ↑Mon Dec 02, 2019 4:29 pm
At least it leaves the north half of the lot open for that long time proposed commuter rail station. /s
You never know. I think I remember hearing Lucas talk about his desire for regional commuter rail on the radio
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 5:14 pm
by Chris Stritzel
It's a cheap rendering meant to show the main building and not the general surroundings. There will most likely be updated renderings of this as time goes on. If the parcel is large enough, this could be a Phase 1.
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 8:13 pm
by ToDactivist
langosta wrote: ↑Mon Dec 02, 2019 4:31 pm
normalthings wrote: ↑Mon Dec 02, 2019 4:29 pm
At least it leaves the north half of the lot open for that long time proposed commuter rail station. /s
You never know. I think I remember hearing Lucas talk about his desire for regional commuter rail on the radio
That's encouraging in principal (from Lucas). But logistically, I'm not sure this loc is ideal for a rail line or spur?? Might I suggest I-70 ditch?
Re: Status and future of the River Market area??
Posted: Mon Dec 02, 2019 8:59 pm
by KCPowercat
The reason for river market is the already existing rail there if I remember correctly. Part of the Rock island.
Re: Status and future of the River Market area??
Posted: Sun Dec 08, 2019 9:48 pm
by FangKC
Re: Status and future of the River Market area??
Posted: Wed Dec 11, 2019 3:56 am
by FangKC
Work to reopen Walnut between 3rd and 5th streets begins.
https://mailchi.mp/kcmo.org/work-begins ... fe669466f6
Re: Status and future of the River Market area??
Posted: Fri Dec 13, 2019 5:00 pm
by bspecht
VR arcade / bar coming to 310 Oak.
https://www.doubletapkc.com/
Re: Status and future of the River Market area??
Posted: Fri Dec 13, 2019 9:17 pm
by Critical_Mass
Is there a 310 Oak? Strange Days is 316 and north of them is their parking lot...
Re: Status and future of the River Market area??
Posted: Fri Dec 13, 2019 11:35 pm
by FangKC
I think it's part of the same building, but a small part of the building that sits back from the street against the alley. It appears to have two separate entrances.
