KCRag Forum

langosta wrote: ↑Thu Oct 24, 2019 3:39 pm 2 week hold. Copaken Brooks and the City must be closing in on a deal.

“They may not realize it yet. The hotel Bravo deal will fail,” the mayor told The Star Editorial Board. “Strata should fail. That’s just a project that keep living to die another day.”

alejandro46 wrote: ↑Thu Nov 07, 2019 3:59 pm https://www.kansascity.com/opinion/edit ... 85829.html

“They may not realize it yet. The hotel Bravo deal will fail,” the mayor told The Star Editorial Board. “Strata should fail. That’s just a project that keep living to die another day.”

A ringing endorsement. However, the City already committed to the existing subsidies, and the developer is asking for less, correct? The whole purpose of the building is to attract new tenants to downtown, and the developer is willing to take a lot of the risk to make that happen. It's why we lost out to companies like Starbucks to Nashville, Charlotte, etc. that have existing class A office space in their urban cores. We have minimal, and a lot of our newer builds are heavily subsidized greenfield in middle of joco nowhere.

horizons82 wrote: ↑Thu Nov 07, 2019 8:20 pm Lucas talks out both sides of his mouth on most things, it's kind of his brand. I wouldn't put a lot of stock in that quote, given that it was to the star.

horizons82 wrote: ↑Thu Nov 07, 2019 8:20 pm Lucas talks out both sides of his mouth on most things, it's kind of his brand.

horizons82 wrote: ↑Thu Nov 07, 2019 8:20 pm Lucas talks out both sides of his mouth on most things, it's kind of his brand.

beautyfromashes wrote: ↑Thu Nov 07, 2019 6:33 pm Sounds like it can get approval if the city residual backing component is removed. It’s a $62M credit that will likely never be needed. Why can’t H&R Block put up the credit? They aren’t doing anything to be part of this development. They had an option to build a second tower for themself, but didn’t. Since they didn’t build, it should expire.

DColeKC wrote: ↑Fri Nov 08, 2019 9:57 am The way it all went down, especially with CB squatting on a prime lot 2 blocks away just irritates me.

DColeKC wrote: ↑Fri Nov 08, 2019 9:57 am If H&R’s option expires, Cordish would be next in line. I still think it’s complete garbage that H&R pulled this move on Cordish.

FangKC wrote: ↑Fri Nov 08, 2019 12:50 pm

DColeKC wrote: ↑Fri Nov 08, 2019 9:57 am The way it all went down, especially with CB squatting on a prime lot 2 blocks away just irritates me.

Yes, it is irritating. No one gets more frustrated than me over Copaken Brooks. However, you can understand how irritated many of us are that there aren't residents living in the Midland Tower right now--14 years after P&L construction began.

In that time, these buildings were renovated (some started after P&L was completed and had tenants):

Traders on Grand, Power & Light Tower, two Hotel Indigo buildings (KC Costume Bldg., 20th and Grand; Fairfax Lofts, 11th and Baltimore), Argyle Building, Ambassador Hotel, Commerce Tower, Ten Main Center, Grand Boulevard Lofts, Pickwick Hotel, Courthouse Lofts, Mulberry Lofts (at 905 Broadway), 911, 915 Broadway, 804 Broadway, Roasters Block (Folgers Buildings), Oggi Lofts, 21c Museum Hotel (Savoy), The New England Lofts, Hampton Inn (former Gumbel Bldg.), Lucas Place Lofts, Holiday Inn Express (Interstate Building), The New Yorker, Pershing Lofts, Switzer School Lofts, 1721 Walnut, Atlas Lofts (Berlau Bldg.) Piper Lofts, Globe Building at 1712 Main, Crossroads Hotel at 2107 Central, and Corrigan Station.

DColeKC wrote: ↑Fri Nov 08, 2019 1:49 pmThe midland tower was never forgot about but a lesser priority for sure. It's currently under construction.