Midland Affordable Renovation Plan Includes Mini, Micro-Apartments
The Cordish Co. has submitted its plan to redevelop the historic Midland office building into affordable housing, partly by offering some of the more “micro” apartments to date in downtown, as small as 315 square feet.
The $24.3 million renovation plan for the 12-story vacant office building at 1221 Baltimore is scheduled for the Planned Industrial Expansion Authority meeting next week. As part of the financing, Cordish is seeking a 25-year property tax abatement for its Midland plan.
Cordish agreed to dedicate all 117 apartments in the Midland as affordable units in response to a demand by the Kansas City Council to offer a wider price range in its apartment offerings.
Nick Benjamin, executive director of the Kansas City Power & Light District, the local Cordish operation, said all of the Midland units will have monthly rents of $1,100 or less with about half at $950 or less, and micro units going for $700-750.