OFFICIAL - Waddell & Reed - 14th & Baltimore

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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jasty5
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OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by jasty5 »

Back on topic, I am hearing Waddell and Reed moving forward with 14th and Baltimore, BMcD is involved.

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normalthings
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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by normalthings »

jasty5 wrote:
Thu Nov 14, 2019 11:21 pm
Back on topic, I am hearing Waddell and Reed moving forward with 14th and Baltimore, BMcD is involved.
Still 12 floors? Maybe with 5 floors of parking?

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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by earthling »

jasty5 wrote:
Thu Nov 14, 2019 11:21 pm
Back on topic, I am hearing Waddell and Reed moving forward with 14th and Baltimore, BMcD is involved.
Good, that spot is better for a shorter building. 13th/Grand is more ideal for a grander project.

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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by KCPowercat »

Agreed. Good spot and could help push the cap

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normalthings
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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by normalthings »

https://www.google.com/amp/s/www.forbe ... treet/amp/

JP Morgan is looking to relocate thousands of jobs from NYC to a new low cost hub. I have heard that STL is pursuing this.

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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by KCTOGA »

Are we awake here in K.C.-- Would love to have a big bank or two. I would think our cost of doing business, living expenses would beat the LOU!!!

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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by earthling »

STL metro hits as lower cost than KC on most lists. It's not growing like KC is, with quite a bit of domestic out migration. That keeps housing costs lower.

https://www.recenter.tamu.edu/data/popu ... s%2C_MO-IL

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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by KCTOGA »

Interesting , thanks!

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normalthings
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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by normalthings »

earthling wrote:
Sun Nov 17, 2019 12:55 pm
STL metro hits as lower cost than KC on most lists. It's not growing like KC is, with quite a bit of domestic out migration. That keeps housing costs lower.

https://www.recenter.tamu.edu/data/popu ... s%2C_MO-IL
They are also advertising their extensive light rail system, plethora of existing wealth management and fin-tech operations, and 1million sqft of contiguous space available in downtown.

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Re: OFFICIAL - Waddell & Reed - 14th & Baltimore

Post by normalthings »

KCTOGA wrote:
Sun Nov 17, 2019 12:50 pm
Are we awake here in K.C.-- Would love to have a big bank or two. I would think our cost of doing business, living expenses would beat the LOU!!!
Columbus, Ohio now has the largest JP Morgan operation in the world. Plano, Texas is following close behind. An IB firm recently moved HQs from NYC to Nashville. This is an exciting trend that comparable cities are winning at. JP Morgan has shown interest in KC before with their sizable Joco operation (before they sold it and left that industry). No reason why we shouldn’t be getting a piece of this new relocation pie. Getting existing operations to move downtown could be the first step imho.

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Re: Companies moving downtown

Post by FangKC »

New report reveals the 'missed opportunity' keeping big office tenants out of KC
Kansas City's lack of Class A office space within the Central Business District is costing the city large out-of-town tenants, according to new research from Cushman & Wakefield.

The Kansas City office of Cushman & Wakefield released a report this week, which outlines that Kansas City area's greatest need for Class A space is in Downtown, specifically within the Downtown Loop.
...
Mayer said that cities like Nashville, Tenn., and Austin, Texas, have ample speculative office space on the shelf, so to speak, for companies to choose from when they are evaluating whether to move jobs to the city. And while Kansas City has a lot of appeal with low employment costs and a lower cost of living, the lack of Class A space means the city loses out on bids for those large out-of-town players.
...
https://tinyurl.com/yx6s3rvm

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Re: Companies moving downtown

Post by KCDowntown »

langosta wrote:
Wed Oct 23, 2019 10:57 am
Fencing surrounds Baltimore and 14th street parcel.
There is some construction equipment behind this building and it looked like soil samples were being taken today in the small surface parking lot.

EDIT: There is a newly issued pre-demolition permit for this building...

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Re: Companies moving downtown

Post by moderne »

Since it has sat vacant since before this century most surely this means something other than a surface parking lot. What about the small building with the garage to the west?

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Re: Companies moving downtown

Post by KCDowntown »

moderne wrote:
Tue Nov 26, 2019 2:49 pm
What about the small building with the garage to the west?
This block has two parcels, one that covers the IBM Building,and another for the remainder of the block (including the 3 story building with the garage that you are referencing. Both parcels have their own pre-demolition permits.

KCDowntown

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Re: Companies moving downtown

Post by normalthings »

KC Chamber’s annual meeting is tonight. They’ve hinted that a few surprises are in-line so maybe we will hear more then.

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Re: Companies moving downtown

Post by DaveKCMO »

normalthings wrote:
Tue Nov 26, 2019 3:38 pm
KC Chamber’s annual meeting is tonight. They’ve hinted that a few surprises are in-line so maybe we will hear more then.
See you there!

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Re: Companies moving downtown

Post by KCDowntown »

KCDowntown wrote:
Tue Nov 26, 2019 1:29 pm
There is some construction equipment behind this building and it looked like soil samples were being taken today in the small surface parking lot.

EDIT: There is a newly issued pre-demolition permit for this building...

KCDowntown
Found a denied traffic control permit dated today for closing:
  • Baltimore from 14th to 16th
  • Wyandotte from 14th and 16th
  • EB 14th from Wyandotte to Baltimore
This permit would have been in effect from 12/3/2019 to 2/1/2022.

The following description is on the denied permit: THE CONTRACTOR NEEDS TO HAVE MEETING WITH SENIOR MANAGEMENT WITH PUBLIC WORKS DEPARTMENT AND GET APPROVEL BEFORE STARTING PROJECT. Burns and McDonnell 1400 Baltimore

While this permit was denied I'd say all signs are definitely pointing to this block being the Waddell & Reed location.

KCDowntown

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Re: Companies moving downtown

Post by DaveKCMO »

Oooooh... good catch!

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normalthings
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Re: Companies moving downtown

Post by normalthings »

Permits Filed:

Pre-Demolition: Demolition of abandoned 4 story office building (1400 Baltimore "IBM Building"); Demolition of a 3 story parking garage with offices on first floor (1414 Baltimore)

Hauling: START DATE: 05-Dec-2019 END DATE: 07-Feb-2020; 475 cubic yards

Traffic Control: EB 14th from Wyandotte to Baltimore, SB Wyandotte from 14th to 16th, SB Baltimore from 14th to Truman Rd, Start Date - 12/03/2019; End Date - 02/01/2022

Water Service Kill: 4" Main, Kill Water Service at Main

Water Pipeline Excavation: 1" KILL @ MAIN, Start Date: 11/14/2019; End Date: 02/14/2020

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Re: Companies moving downtown

Post by earthling »

Bring on a rendering...

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