Midtown Area Apartment Boom

[earthling]

^Hopefully not the case but that's what land squatters say.

[DaveKCMO]

^Hopefully not the case but that's what land squatters say.

Yeah, past behavior is a good predictor (even though the leadership has changed). They've been sitting on vacant parcels on the east side of Main for a very long time -- long enough that they put Stretch sculptures on it when he was trendy!

[normalthings]

American Century doesn't make it clear who to reach out to if interested in developing their land.

[KCtoBrooklyn]

Sounds promising. I really like what Exact is doing (but hope they aren't overextending themselves).

I wonder what this means for the lot to the south. I'm a little surprised it doesn't seem to be incorporated into this development. Would love to see that Subway redeveloped as well.

The Subway did just get listed for sale. $1M. I wonder if that site could still be integrated into this development (or maybe phase II).

[earthling]

Armory building near 37th/Main to become maker space and the crappy building next door with setback will be torn down for new 5-story mixed use...

The Armory building renovation is part of a $75 million multiphase development Exact Partners is undertaking at the northwest corner of 37th and Main streets. The developer has drawn up plans for a new five-story mixed-use building fronting Main Street, just south of the Armory building and separated by an exterior courtyard.
...
The 3600 Main block plans show 8,080 square feet of ground-floor commercial space, including for potential fitness, gallery and cafe users. Above these spaces are 128 loft-style apartments — 28 studios, 68 one- and 32 two-bedroom units. Eight townhouses are planned behind the new buildings along Baltimore Avenue.

The full Armory block development will be served by 187 total parking spaces across an underground garage and surface parking behind the mixed-use building.

"It's all really connected together," said Buland of the makerspace and residences. "What we're trying to do is provide catalysts (and) job creation next to our new multifamily that's very flexible. If you need to do a pop-up art show for two weeks, we can host you. ... That flexibility and booking and using technology to curate the space is one of our goals with the final outcome."

https://www.bizjournals.com/kansascity/ ... tners.html

[FangKC]

Sounds promising. I really like what Exact is doing (but hope they aren't overextending themselves).

I wonder what this means for the lot to the south. I'm a little surprised it doesn't seem to be incorporated into this development. Would love to see that Subway redeveloped as well.

The Subway did just get listed for sale. $1M. I wonder if that site could still be integrated into this development (or maybe phase II).

Subway should move to one of the pad sites remaining along Linwood.

[earthling]

^Those pad sites needs to be redeveloped with streetfront properties too. Could see it happening after streetcar operating.

[normalthings]

Subway is really only big enough for EXACT to buy. Too small for standalone development. Rents are too low to build tall without incentives.

[Riverite]

Subway is really only big enough for EXACT to buy. Too small for standalone development. Rents are too low to build tall without incentives.

Would love to see ground floor retail on that block, and that Drexel event space on the other side

[kcjak]

I drive past 39th/Baltimore daily and still can't get over what a shitshow it is EVERY DAY outside the Alcazar buildings - loitering, drug deals, arrests. I wish they could get a new life by getting rid of the nasty stucco exterior and get some help addressing the issues with residents (I know that's not an easy task).

[moderne]

According to the tenants having to move out of the building at Armour and Holmes for renovation the same (re)developer has purchased the Alcazar.

[KCtoBrooklyn]

Interesting. The Alcazar still shows as being owned by the same company out of Georgia that bought it 3 years ago. Those records with the county can take a little while to be updated so perhaps it just recently closed. It looks like Armour and Holmes was bought in May by a company out of Los Angeles.

[beautyfromashes]

https://rejournals.com/fourmidable-taki ... -michigan/

[kcjak]

https://rejournals.com/fourmidable-taki ... -michigan/

Thanks for the info. The new management company is planning on adding new security doors, cameras and additional parking (huh?) so my hopes for an upgrade are probably years off.

[kcjak]

Update: the Alcazar is getting a new paint job...from vomit beige to slate grey.

[beautyfromashes]

Not apartments but lots of renovations happening on Main St. Old Payday loan place on 38th and Main is being redone. Can't tell what it will be but mural put up on the side. Looks much better. Two story building across from QT was recently painted and looks so much better. And, there is construction at Davey's Uptown. I don't know if it will be Davey's again or something new.

[FangKC]

I hope it stays as a club since we need live venues spread around the City.

[KCtoBrooklyn]

I think the Davey's spot is going to be a piano bar.

[FangKC]

Exact Partners plans new use for two historic buildings along future streetcar line




The three-story Anderson Electric Car building at 3240 Main St. offers about 6,000 square feet for rooftop commercial space.

Exact Architects

...
Beyond the planned apartments, the properties together have space for about 14,000 square feet of commercial space — about 8,000 and 6,000 square feet respectively on the ABC Storage building's first floor and the Anderson Electric Car building's rooftop.

The spaces could house coworking space, a restaurant component or a market with local food options. Salzberg described a desire to create a destination for future streetcar and bus riders with the eventual commercial uses.
...
Once that listing is completed, Exact intends to close on the properties, which it now has under contract. Buland said the acquisition could take place in mid-2022, in advance of a construction start in early 2023 and completion in 2024.

The developer is evaluating rents and the level of a 10-year property tax abatement it intends to seek through the city's Land Clearance for Redevelopment Authority.

https://www.bizjournals.com/kansascity/ ... 2021-12-17

[Chris Stritzel]

Exact has a lot on their plate right now when it comes to multi-family...
- This ABC Building (60 units)
- 27th and Troost (52 units)
- 3000 Troost (132 units)
- Martini Corner Apartments (52 units)
- Armory Block Apartments (128 units)
- 29Belle Townhomes (9 Homes)

That's 424 apartments and 9 townhomes in different stages of the planning process. Couple that with the commercial-focused projects they're planning at the Armory Building, 3215 Main, and 3901 Main and they have a solid, and full, pipeline. It's truly remarkable in my view. I wish them a lot of luck and great success.