Atlas 303

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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normalthings
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Re: Atlas 303

Post by normalthings »

Image

Atlas 303 is presenting to DNA tonight. Dave posted this on Twitter.

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DaveKCMO
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Re: Atlas 303

Post by DaveKCMO »

This is a nice project. No incentives, no rezoning, new market rate supply.

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normalthings
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Re: Atlas 303

Post by normalthings »

DaveKCMO wrote:
Tue Jan 19, 2021 7:38 pm
This is a nice project. No incentives, no rezoning, new market rate supply.
Any new info or renderings tonight?

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DaveKCMO
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Re: Atlas 303

Post by DaveKCMO »

Not that I saw.

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normalthings
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Re: Atlas 303

Post by normalthings »

DaveKCMO wrote:
Tue Jan 19, 2021 9:45 pm
Not that I saw.
When do they hope to start?

Chris Stritzel
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Re: Atlas 303

Post by Chris Stritzel »

Nothing to really complain about here.

earthling
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Re: Atlas 303

Post by earthling »

^Yeah, was about to post that. Good project for the location.

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FangKC
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Re: Atlas 303

Post by FangKC »

25 more of these downtown please.

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DaveKCMO
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Re: Atlas 303

Post by DaveKCMO »

FangKC wrote:
Wed Jan 20, 2021 8:30 am
25 more of these downtown please.
Birt mentioned the "math" that makes this market rate project work without incentives -- including a 1:1 parking ratio that drives most projects to request them -- but I just recall it was something about unit sizes and the cost of complying with prevailing wage and reporting requirements from incentive-granting agencies. Is it really that simple?

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normalthings
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Re: Atlas 303

Post by normalthings »

was once a metal smelter

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earthling
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Re: Atlas 303

Post by earthling »

DaveKCMO wrote:
Wed Jan 20, 2021 10:47 am
FangKC wrote:
Wed Jan 20, 2021 8:30 am
25 more of these downtown please.
Birt mentioned the "math" that makes this market rate project work without incentives -- including a 1:1 parking ratio that drives most projects to request them -- but I just recall it was something about unit sizes and the cost of complying with prevailing wage and reporting requirements from incentive-granting agencies. Is it really that simple?
So is it fully financed? Would be great to see if their 'formula' works w/out incentives as a template for other developers to plop in more variations of these around downtown, with perhaps a little better sidewalk integration where appropriate.

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DaveKCMO
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Re: Atlas 303

Post by DaveKCMO »

earthling wrote:
Thu Jan 21, 2021 9:21 am
DaveKCMO wrote:
Wed Jan 20, 2021 10:47 am
FangKC wrote:
Wed Jan 20, 2021 8:30 am
25 more of these downtown please.
Birt mentioned the "math" that makes this market rate project work without incentives -- including a 1:1 parking ratio that drives most projects to request them -- but I just recall it was something about unit sizes and the cost of complying with prevailing wage and reporting requirements from incentive-granting agencies. Is it really that simple?
So is it fully financed? Would be great to see if their 'formula' works w/out incentives as a template for other developers to plop in more variations of these around downtown, with perhaps a little better sidewalk integration where appropriate.
During the inevitable parking discussion, Birt confirmed that those financing are insisting on parking ratios but he did not confirm he had lined up all of the financing needed to start construction. I don't recall any mention of a timeline.

earthling
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Re: Atlas 303

Post by earthling »

Just noticed this...
Birt said he hopes to break ground by midsummer and complete the project in late 2022, after an estimated 16 months of construction.
https://www.bizjournals.com/kansascity/ ... tives.html

flyingember
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Re: Atlas 303

Post by flyingember »

16 months is fast, there's single family homes that take longer than that

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