OFFICIAL - Strata (H&R Block's 2nd Tower)
- FangKC
- City Hall
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Strata Office Tower Proposal Now Before City Council, $133M Project in P&L District
https://cityscenekc.com/strata-office-t ... -district/
https://cityscenekc.com/strata-office-t ... -district/
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Better deal for the city. How do we think the new council will vote?
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
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.
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
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.
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
What do we think will happen?
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- Mark Twain Tower
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Is this being voted on today?
- normalthings
- Mark Twain Tower
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Held for 4 weeks.
- Critical_Mass
- Colonnade
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
at developer's request (again)?
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
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
- normalthings
- Mark Twain Tower
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Strata goes to city council for the final time tomorrow.
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Lucas just got on board with W&R incentives, so I predict a no.
- beautyfromashes
- One Park Place
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
I’ll predict it passes. Tough negotiation but I think they compromise just enough to squeak across the finish line.
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
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.
- normalthings
- Mark Twain Tower
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
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.
Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
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?
- normalthings
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Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Port KC is using some sort of state based incentives for Strata. Maybe there would have been overlap?