KCRag Forum

KCPowercat wrote: ↑Thu Jan 17, 2019 8:21 am They have to do something about the food court.

normalthings wrote: ↑Wed Jan 16, 2019 7:10 pm My napkin math shows that the purchase and lease up to 85% of City Center Square will push the downtown class a vacancy down to around 9%

Although Somera isn't ready to reveal specifics, it does plan to upgrade the 30-story, 663,656-square-foot office tower, spokeswoman Hope Wheeler told the Kansas City Business Journal.

Located at 1100 Main St., City Center Square includes tenants such as the Kansas City Business Journal, Alight Analytics, Pinsight Media and Cooling & Herbers PC. There's also a fitness center, post office and a variety of restaurants on the first floor. The occupancy rate is 50 percent.

This isn't Somera's first foray into Kansas City. In 2016, it bought a four-story office building at 300 Wyandotte St., which previously housed Populous' headquarters. It rebranded the River Market building as 3Y and embarked on about $5 million in improvements, including additional parking spaces for tenants, a new rooftop space and gathering area, updated lobby and streetscape, and a B-cycle bike-share station.

Somera has secured multiple long-term tenant leases and is negotiating a lease that would bring the building to nearly 85 percent occupancy, Wheeler said.

FangKC wrote: ↑Thu Jan 17, 2019 2:01 pm

Although Somera isn't ready to reveal specifics, it does plan to upgrade the 30-story, 663,656-square-foot office tower, spokeswoman Hope Wheeler told the Kansas City Business Journal.

Located at 1100 Main St., City Center Square includes tenants such as the Kansas City Business Journal, Alight Analytics, Pinsight Media and Cooling & Herbers PC. There's also a fitness center, post office and a variety of restaurants on the first floor. The occupancy rate is 50 percent.

This isn't Somera's first foray into Kansas City. In 2016, it bought a four-story office building at 300 Wyandotte St., which previously housed Populous' headquarters. It rebranded the River Market building as 3Y and embarked on about $5 million in improvements, including additional parking spaces for tenants, a new rooftop space and gathering area, updated lobby and streetscape, and a B-cycle bike-share station.

Somera has secured multiple long-term tenant leases and is negotiating a lease that would bring the building to nearly 85 percent occupancy, Wheeler said.

The renovation will include a “state-of-the-art fitness center and tenant lounge, numerous in-house dining options, a fully-activated lobby, a hospitality center, a conferencing center and a revival of the property’s iconic lightwell,” the HFF release said. “Furthermore, Somera Road intends to activate the exterior with retail terraces and public seating.”