Tracks 215 Project

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
Chris Stritzel
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Re: Tracks 215 Project

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normalthings wrote:
Wed Apr 15, 2020 1:57 pm
The 3D/Greystar team plans 6 projects for the Freight House district.

Tracks 215 moves to full committee with recommendation Do Pass
Interested in seeing their full plans. Sounds ambitious. Hopefully they get it done.

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normalthings
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Re: Tracks 215 Project

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TIF approved by citycouncil

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normalthings
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Re: Tracks 215 Project

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Issuance of taxable industrial revenue bonds for the Tracks 215 Project is up for approval at PIEA this week.

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Re: Tracks 215 Project

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Paywall: https://www.bizjournals.com/kansascity/ ... s_headline
Plans for a $52.4 million luxury apartment building and parking garage could get a boost from Kansas City's Planned Industrial Expansion Authority.

Board members are scheduled Thursday morning to consider a proposal from Tracks 215 LLC, to build a five-story, 150-unit apartment building — above a two-story, 301-space garage — southwest of the intersection at Wyandotte and West 22nd streets, in the Crossroads' Freighthouse District.

The developer seeks a 75% tax abatement for 10 years and 37.5% for the next five years and as much as $4 million from the 22nd and Main tax increment financing district. Documents filed with the PIEA give the requested abatement an undiscounted value of roughly $8.36 million. A consultant for the PIEA suggests a 75% abatement for 10 years, along with the TIF redirection, for an undiscounted value of $7.66 million.

Chris Stritzel
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Re: Tracks 215 Project

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Solid project if they can get it underway in the current situation.

301 parking spaces... oh my. I know they have to replace the spots on that lot and build new spots for the units but this seems like overkill.

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Re: Tracks 215 Project

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Seems like a perfect location to beef up supply

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normalthings
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Re: Tracks 215 Project

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KCPowercat wrote:
Thu May 07, 2020 6:41 am
Seems like a perfect location to beef up supply
good location for a garage. Not so sure about a trail between blank garage walls and train tracks.

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Re: Tracks 215 Project

Post by KCPowercat »

yeah that won't be particularly pleasant stretch but given the overall trail plan I can be okay with it.

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Re: Tracks 215 Project

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Chris Stritzel wrote:
Wed May 06, 2020 11:11 pm
Solid project if they can get it underway in the current situation.

301 parking spaces... oh my. I know they have to replace the spots on that lot and build new spots for the units but this seems like overkill.
With the number of events at Union Station + the ped bridge it will be well used

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Re: Tracks 215 Project

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flyingember wrote:
Thu May 07, 2020 2:20 pm
Chris Stritzel wrote:
Wed May 06, 2020 11:11 pm
Solid project if they can get it underway in the current situation.

301 parking spaces... oh my. I know they have to replace the spots on that lot and build new spots for the units but this seems like overkill.
With the number of events at Union Station + the ped bridge it will be well used
Didn't think of that. But the times I have gone down there, that one parking garage is normally pretty empty.

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normalthings
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Re: Tracks 215 Project

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Incentives are a go but developer Greystar is out.

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Re: Tracks 215 Project

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normalthings wrote:
Thu May 07, 2020 4:08 pm
Incentives are a go but developer Greystar is out.
Is there another developer?

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normalthings
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Re: Tracks 215 Project

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Riverite wrote:
Thu May 07, 2020 4:11 pm
normalthings wrote:
Thu May 07, 2020 4:08 pm
Incentives are a go but developer Greystar is out.
Is there another developer?
3D is going to try and find a new developer for the project plan.

Greystar (major national player) was unable to get financing for the project

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Re: Tracks 215 Project

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normalthings wrote:
Thu May 07, 2020 4:26 pm
Riverite wrote:
Thu May 07, 2020 4:11 pm
normalthings wrote:
Thu May 07, 2020 4:08 pm
Incentives are a go but developer Greystar is out.
Is there another developer?
3D is going to try and find a new developer for the project plan.

Greystar (major national player) was unable to get financing for the project
Maybe they could try and go after Sterling Bay or Related Midwest. Both have a good chunk of change and, from my knowledge, have been looking at KC on on/off terms. This could be a good opportunity for them to get involved if they're serious.

If not them, maybe KDG from St. Louis. KDG has a good financial backing and gets their projects done. Their track record could help them get financing but it depends I guess.

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Re: Tracks 215 Project

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Superior is officially out of their Crossroads address (from Metro Media Wire email):
Copaken Brooks recently announced Superior Moving & Storage, a family-owned, local business since 1914, is moving to Downtown Business Park at 3177 Mercier in Kansas City, Mo. The company started leasing the 86,363 SF Midtown space on May 1, 2020.

As a fourth-generation company, Superior has a long history of relocating businesses, homes and people in Kansas City and the surrounding communities.

“Our customers are our number one priority, and we’re excited to bring our entire operation under one roof so we can continue providing the highest quality of service,” said Ceil Lynch, president of Superior.

Superior began leasing 35,000 SF of the building in 2014 for storage but recently sold its 2020 Walnut property, moving its full operation to Downtown Business Park as its new headquarters.

“We’re pleased to have Superior Moving & Storage at our Downtown Business Park property,” said Jeremiah Dean, vice president of leasing at Copaken Brooks.

Superior touts a turnkey, customized plan, flexible scheduling, project management, decommission and installation services for all furniture lines as well as an experienced crew.

“Legacy companies like Superior are essential to Kansas City’s healthy, diverse business community and we look forward to seeing their continued growth in the years to come,” Dean said.

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Re: Tracks 215 Project

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Superior Moving to be converted into “raw” office space. Sounds like they will try to leave the building as untouched as possible from its current state.Rooftop amenities space will be added. Target market of small/startup type firms. Rents will be in the $20-25 range.

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Re: Tracks 215 Project

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normalthings wrote:
Mon Jun 08, 2020 7:48 pm
Superior Moving to be converted into “raw” office space. Sounds like they will try to leave the building as untouched as possible from its current state.Rooftop amenities space will be added. Target market of small/startup type firms. Rents will be in the $20-25 range.
Smart move.

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normalthings
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Re: Tracks 215 Project

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Geotechnical drilling today

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normalthings
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Re: Tracks 215 Project

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normalthings wrote:
Tue Dec 29, 2020 1:11 pm
Geotechnical drilling today
The project is moving forward. 99% sure it gets built.

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Anthony_Hugo98
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Re: Tracks 215 Project

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normalthings wrote:
Sat Jan 02, 2021 5:15 pm
normalthings wrote:
Tue Dec 29, 2020 1:11 pm
Geotechnical drilling today
The project is moving forward. 99% sure it gets built.
Good news for sure! This will fill a solid gap
For all my military brothers and sisters out there, thanks for paving the way, ill do my best! AIRBORNE!

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