OFFICIAL - Strata (H&R Block's 2nd Tower)

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FangKC
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by FangKC »

Strata Office Tower Proposal Now Before City Council, $133M Project in P&L District

https://cityscenekc.com/strata-office-t ... -district/
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by DaveKCMO »

Better deal for the city. How do we think the new council will vote?
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by kboish »

I am curious to see how Lucas votes and if he votes against it, whether he exercises his veto power. If he vetos, I don't see having the 9 out of 12 council people necessary to approve it.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by langosta »

kboish wrote: Thu Sep 19, 2019 2:47 pm I am curious to see how Lucas votes and if he votes against it, whether he exercises his veto power. If he vetos, I don't see having the 9 out of 12 council people necessary to approve it.
My guess is that it gets approved next time.

Edits:
1. I am shocked that Loar suddenly cares about Cordish.
2. The developers are asking for a hold for 1 week.
3. "I feel no obligation to an agreement a previous council made" - Ellington
4. 1 week hold is passed.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

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langosta
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by langosta »

What do we think will happen?
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by flyingember »

langosta wrote: Thu Sep 26, 2019 8:07 am What do we think will happen?
It will pass after everyone makes their political points.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by atticus23 »

Is this being voted on today?
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normalthings
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by normalthings »

atticus23 wrote: Thu Sep 26, 2019 10:51 am Is this being voted on today?
Yes
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by bspecht »

Held for 4 weeks.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by Critical_Mass »

at developer's request (again)?
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by langosta »

bspecht wrote: Thu Sep 26, 2019 3:57 pm Held for 4 weeks.
Any reason why?
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by bspecht »

langosta wrote: Thu Sep 26, 2019 4:04 pm
bspecht wrote: Thu Sep 26, 2019 3:57 pm Held for 4 weeks.
Any reason why?
Correct, developer's request.

Shields: "Development team is working the reduce the City's obligation / risk in the project" (in a few less words).

Can rewatch here (for a few hours): https://www.youtube.com/watch?v=MhJ2tkoi2y8
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by normalthings »

Strata goes to city council for the final time tomorrow.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by grovester »

Lucas just got on board with W&R incentives, so I predict a no.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by beautyfromashes »

I’ll predict it passes. Tough negotiation but I think they compromise just enough to squeak across the finish line.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by DColeKC »

What's the chances Coopaken would sell the 13th and Grand lot to a developer working with W&R to raise capital for Strata? I just don't see them being able to take on two major projects at the same time. Not to mention the incentives complications.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by normalthings »

DColeKC wrote: Wed Oct 23, 2019 11:40 pm What's the chances Coopaken would sell the 13th and Grand lot to a developer working with W&R to raise capital for Strata? I just don't see them being able to take on two major projects at the same time. Not to mention the incentives complications.
I’d imagine Copaken would hold onto their most prized development site for as long as possible.

My understanding is that Strata leasing has gone very well and I’d be surprised if they aren’t thinking about another tower in the near-mid future.
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by kcjak »

I'm afraid we're going to need to move this to the Unbuilt KC thread. What was it about the incentives that prevented it from being considered for the Waddell & Reed building?
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)

Post by normalthings »

kcjak wrote: Thu Oct 24, 2019 7:50 am I'm afraid we're going to need to move this to the Unbuilt KC thread. What was it about the incentives that prevented it from being considered for the Waddell & Reed building?
Port KC is using some sort of state based incentives for Strata. Maybe there would have been overlap?
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