JBmidtown wrote:FangKC wrote:I don't think anything significant will happen for awhile--until larger parcels are developed first along Main, Walnut, and Grand. There are just more attractive parcels to develop for residential than the East Crossroads.
It's difficult to have any hope that things will happen there in the near future seeing that development in the East Village has been so difficult to get done. I thought more would have been built there by now.
What has held up the East Village development? Itseems like there's enough demand in the loop/CBD to finish that project
Well, I would say it is because of change in developers. Van Trust Real Estate has joined the original developer Swope Community Builders. The change in the development partnership probably reset the plan to the beginning. Because of this, they probably started over with having an architecture firm draw up a new plan, etc. Van Trust also probably has a different set of financing partners to access capital, so they have to be on-board with the new concept and plan.
The first project reported in the Kansas CIty Star awhile back with Van Trust on board is a 180-unit apartment building and a 270-space garage at 10th and Holmes streets. This parcel is the former site of J.E. Dunn's old building. For comparison sake, Market Station in the RIver Market is 323 units.
That report said the neighborhood could include as many as 600 apartments and modern office space, focusing on low-rise buildings. That number of apartments is markedly reduced from the original plan, which had 1200 apartments.
I'm disappointed that the number of apartments planned for the neighborhood has been reduced by half.