KCRag Forum

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

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.

Someone sure likes numbers

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

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.

Paywall article: https://www.bizjournals.com/kansascity/ ... roups.html

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.

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.

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

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

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?

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.

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

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.

Guess overall that's good?

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.

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

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.

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.

Yep it was coming down this afternoon.

Anything new here? Construction site unchanged.