Three Light

[normalthings]

If the original 4 light spot is being left open for now, I don’t wonder why. Office or dedicated hotel tower?

[DColeKC]

If the original 4 light spot is being left open for now, I don’t wonder why. Office or dedicated hotel tower?

I think 4L being moved to 14th/main location is for a few reasons. Smaller overall building similar to one light and could get started while 3L is under construction. Also just buying time for that last premium surface lot location.

Cordish will have 5-7 residential projects going up across the country over the next 3 years with 2-4 of them being here.

[normalthings]

But what is driving 2-4 at once?

[FangKC]

What was on the NW corner of 14th and Main. It appears between 1923 and 1941, there was a demolition and rebuild of the structure since it appears physically different even though it's also 2-stories.

In 1923. The President Hotel hasn't been built yet.



In 1941.



In 1948.

[AlkaliAxel]

If the original 4 light spot is being left open for now, I don’t wonder why. Office or dedicated hotel tower?

I think 4L being moved to 14th/main location is for a few reasons. Smaller overall building similar to one light and could get started while 3L is under construction. Also just buying time for that last premium surface lot location.

Cordish will have 5-7 residential projects going up across the country over the next 3 years with 2-4 of them being here.

Are you saying that they want to build 4 Light on a surface lot, or to keep the surface lot open?

[normalthings]

If the original 4 light spot is being left open for now, I don’t wonder why. Office or dedicated hotel tower?

I think 4L being moved to 14th/main location is for a few reasons. Smaller overall building similar to one light and could get started while 3L is under construction. Also just buying time for that last premium surface lot location.

Cordish will have 5-7 residential projects going up across the country over the next 3 years with 2-4 of them being here.

Are you saying that they want to build 4 Light on a surface lot, or to keep the surface lot open?

4 Light over the empty 1 floor retail building. Leave surface lot for future development site. That part makes sense. What doesn't is moving on so many at once

[AlkaliAxel]

I think 4L being moved to 14th/main location is for a few reasons. Smaller overall building similar to one light and could get started while 3L is under construction. Also just buying time for that last premium surface lot location.

Cordish will have 5-7 residential projects going up across the country over the next 3 years with 2-4 of them being here.

Are you saying that they want to build 4 Light on a surface lot, or to keep the surface lot open?

4 Light over the empty 1 floor retail building. Leave surface lot for future development site. That part makes sense. What doesn't is moving on so many at once

Is there some reason we should be against them building all these towers here at once?

[normalthings]

Cordish has never built more than one tower at once here. I just think that either they aren’t going to be developing the others when they say they are or there is some not yet public development that will drive demand.

[DColeKC]

Cordish has never built more than one tower at once here. I just think that either they aren’t going to be developing the others when they say they are or there is some not yet public development that will drive demand.

I think the main driving factor is interest rates, economy and the current growth of KC. They have optimistic goals, only thing for sure we know is two residential projects by Cordish will be underway at the same time. Good chance a 3rd gets started before those two others are done.

[WoodDraw]

Cordish has never built more than one tower at once here. I just think that either they aren’t going to be developing the others when they say they are or there is some not yet public development that will drive demand.

I think the main driving factor is interest rates, economy and the current growth of KC. They have optimistic goals, only thing for sure we know is two residential projects by Cordish will be underway at the same time. Good chance a 3rd gets started before those two others are done.

Hmm, I might take this bet.

[Anthony_Hugo98]

Cordish has never built more than one tower at once here. I just think that either they aren’t going to be developing the others when they say they are or there is some not yet public development that will drive demand.

I think the main driving factor is interest rates, economy and the current growth of KC. They have optimistic goals, only thing for sure we know is two residential projects by Cordish will be underway at the same time. Good chance a 3rd gets started before those two others are done.

Hmm, I might take this bet.

This would be a bet I’d be thrilled to lose

[normalthings]

I guess Earthling's economy post today shows that the area is growing quickly

[WoodDraw]

I'd put the chance of three Cordish properties being built at once below 10%, and the chance of two around 30%.

My out is if they get another equity investor, probably hotel.

[normalthings]

I'd put the chance of three Cordish properties being built at once below 10%, and the chance of two around 30%.

My out is if they get another equity investor, probably hotel.

Well DCOLE is correct. Midland and Three Light will be happening at the same time.

[WoodDraw]

I'd put the chance of three Cordish properties being built at once below 10%, and the chance of two around 30%.

My out is if they get another equity investor, probably hotel.

Well DCOLE is correct. Midland and Three Light will be happening at the same time.

Ah, I'm not counting Midland. That's fair though. I'm taking their development agreement + sky.

[earthling]

If Cordish pulls trigger on hotel they should target residential combo as well. Hotel operations can absorb a deeper hit during down periods when also serving residential component. Great way to reduce risk and unique offering that stands out. Hotel component also needs less garage space.

[TheLastGentleman]

I’m getting skeptical about the Midland. Been ages since it was announced and still nothing. All the while it’s been losing chunks of the facade

[normalthings]

I’m getting skeptical about the Midland. Been ages since it was announced and still nothing. All the while it’s been losing chunks of the facade

October start is what they said

[TheLastGentleman]

October start is what they said

Seems like we got quite a few 3 light start dates that ended up being months or years off

[FangKC]

I think Cordish could build and lease two separate towers at the same time if they targeted them towards different markets.

I'm wondering how a really high-end tower with "white glove service" would do -- sort of like a The Walnuts downtown. This would be a building with really big private terraces instead of small balconies; more square footage per apartment, larger room sizes, big walk-in closets, separate formal dining rooms, big kitchens, etc. The architecture might have to be a bit different. No floor-to-ceiling windows on all the facades, but wall space between windows so the occupants can hang their expensive art, fabrics, and keep antiques without worrying about sunlight fading them.