OFFICIAL - The Continental Apartments (former Mark Twain Tower)

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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pash
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Re: OFFICIAL - The Continental Apartments (former Mark Twain Tower)

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Last edited by pash on Mon Feb 13, 2017 9:05 pm, edited 2 times in total.

earthling
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Re: OFFICIAL - The Continental Apartments (former Mark Twain Tower)

Post by earthling »

Is time for downtown to get at ZipCar location (along streetcar route). UMKC is only location right now. Maybe even Mark Twain building and other tight parking buildings hosting a few ZipCar spots.

But for high rent, high priced units, most would expect it to come with a parking spot for many more years. A single streetcar line won't be enough.

On a related tangent...
http://www.businessinsider.com/millenni ... ing-2015-5

pash
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Re: OFFICIAL - The Continental Apartments (former Mark Twain Tower)

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FangKC
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Re: OFFICIAL - The Continental Apartments (former Mark Twain Tower)

Post by FangKC »

Friends and family who visit would be able to park in the adjacent garage. There is also metered street parking. On weekends and after 6 pm, there is free parking on the street is various locations. Even during the week, there is some 30-minute, 1- and 2-hour free parking spots on W. 10th, W. 11th, and on Baltimore and Wyandotte.

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Re: Mark Twain Tower going residential?

Post by aknowledgeableperson »

"
Apparently you mean you wouldn't get involved with a project that doesn't include its own garage. I hope your attitude is not the most progressive among downtown real-estate types."

I would think developer's would be open to the idea of not having an attached garage. But the people most likely not committing to that type of project in KC would be the people who provide most of the money for a project. The financial institutions.

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Re: OFFICIAL - The Continental Apartments (former Mark Twain Tower)

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FangKC
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Re: OFFICIAL - The Continental Apartments (former Mark Twain Tower)

Post by FangKC »

I noticed that the Mark Twain building is back up on LoopNet, and the listing was just updated 17 days ago.

http://www.loopnet.com/xNet/MainSite/Li ... Code=20280

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Re: OFFICIAL - The Continental Apartments (former Mark Twain Tower)

Post by ThorsteinVeblen »

http://www.bizjournals.com/kansascity/n ... ed-by.html

Hudson Holdings closed on the building. Hotel with apartments planned.

Looks like they have done historical building rehabs in other cities that include the apartments, hotel, office ,retail combination, etc.

http://hudsonholdings.com/portfolio/the ... -building/

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Re: Mark Twain Tower going residential?

Post by earthling »

Is good to see another hotel/residential combo building pursued (as well as Brookfield building across the street). Downtown needs residential product that offers hotel concierge/food services. Would like to see P&L's 3 and/or 4 Light buildings as hotel/residential.

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Re: Mark Twain Tower going residential?

Post by kboish »

Agreed. I wonder if they will skip over the assumed 3 light site on grand street and go straight to the site next to the main street theater that is closer to the convention center and build a hotel/rez combo there. They have been sort of cagey as to the location of the third tower and I would guess it is just for this reason.

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Re: Mark Twain Tower going residential?

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Any word of the hotel chain?

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Re: Mark Twain Tower going residential?

Post by FangKC »

Cordish has a hospitality division, and there was some talk in the past of a hotel that Cordish might build in Power & Light. Before One Light was built, Cordish floated a possible combination hotel/apartment building on that site.

I'm surprised that Sunflower Development didn't buy the Mark Twain Building, and move the Indigo Hotel into it instead of the Brookfield Building. It would make more sense to develop a combination hotel/apartment building there, since the Mark Twain was a hotel at one time. Then they could have just converted the Brookfield into all apartments. Mark Twain has the ballroom. I don't know if the swimming pool could be made functional again. These would be useful amenities for the Indigo Hotel.

Since the Mark Twain is weirdly-configured in its' layout, it would probably be easier to convert it back to a hotel than apartments.

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Re: Mark Twain Tower going residential?

Post by DaveKCMO »

three things brought this florida developer to KC: convention facilities, streetcar, and historic tax credits.

http://www.bizjournals.com/kansascity/b ... er-to.html
The amenities — including a seventh-floor swimming pool and a basketball court on the 18th floor — will be available for both hotel guests and apartment residents, Greenbaum said.

The developers have not determined how many hotel rooms, apartment units and square feet of commercial space the project will include. But Greenbaum said the plan for the building's reuse will accommodate any existing tenants who wish to remain.

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FangKC
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Re: Mark Twain Tower going residential?

Post by FangKC »

So, it appears the swimming pool will be an feature.

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Re: Mark Twain Tower going residential?

Post by wahoowa »

"The Continental": a 154-unit apartment building; ground floor retail (10k sq ft); otherwise, "pretty much gutted" except for the 5th floor ballroom and 7th floor swimming pool

http://www.bizjournals.com/kansascity/n ... ments.html?

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Re: Mark Twain Tower going residential?

Post by earthling »

The article mentions 'minimizing parking requirements' due to streetcar nearby. Wonder what the ratio of parking spots to units will be.

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Re: Mark Twain Tower going residential?

Post by DaveKCMO »

earthling wrote:The article mentions 'minimizing parking requirements' due to streetcar nearby. Wonder what the ratio of parking spots to units will be.
they're not required by the city to provide any off-street parking (relaxing the loop requirement actually predates streetcar), so the "requirements" would be up to the lenders.

earthling
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Re: Mark Twain Tower going residential?

Post by earthling »

Yeah understood, so will be interesting to hear what % of units have no spot and if they can lease it out. If high ratio with no spot and can lease out those units at decent pace, will be a milestone for downtown carless leasing.

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Re: Mark Twain Tower going residential?

Post by missingkc »

Kevin Collison, in a tweet, questioned whether or not this might be the last major downtown building in need of renewal. Does anyone know if it is? That would be amazing. I guess Oak Tower is updated and in use. (Unfortunately, it stands pretty dark - inside and out - in the night skyline.)

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Re: Mark Twain Tower going residential?

Post by KCPowercat »

Fed reserve building....I know there is a plan but still nervous it will happen

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