Tracks 215 Project
- KCtoBrooklyn
- Alameda Tower
- Posts: 1262
- Joined: Tue Jan 16, 2007 4:01 pm
Re: Tracks 215 Project
Do we know for sure that these projects are connected, besides being in the same Freighthouse PIEA area?
- DaveKCMO
- Ambassador
- Posts: 20072
- Joined: Sun Nov 27, 2005 6:22 pm
- Location: Crossroads
- Contact:
Re: Tracks 215 Project
They are.KCtoBrooklyn wrote: ↑Fri Oct 25, 2019 3:49 pm Do we know for sure that these projects are connected, besides being in the same Freighthouse PIEA area?
- normalthings
- Mark Twain Tower
- Posts: 8018
- Joined: Mon Mar 30, 2015 9:52 pm
Re: Tracks 215 Project
Any updates on this project?
- FangKC
- City Hall
- Posts: 18335
- Joined: Sat Jul 26, 2003 10:02 pm
- Location: Old Northeast -- Indian Mound
Re: Tracks 215 Project
Multi-Phase Freighthouse District Redevelopment Plan to Kick Off in Early 2020
https://cityscenekc.com/multi-phase-fre ... arly-2020/Developer Vince Bryant plans to launch an ambitious redevelopment plan for the Freight House District by renovating the former Superior Moving & Storage buildings at 2020 Walnut into office space.
...
When fully built out, the estimated value of the investment could reach $350 million, according to a report prepared for the Planned Industrial Expansion Authority.
...
The first project he plans to pursue is the renovation of the Superior buildings into an office project he is calling “The Podium.” A redevelopment plan is expected to be introduced to the PIEA by March, and construction could begin before the end of 2020.
...
-
- Mark Twain Tower
- Posts: 8519
- Joined: Sun Sep 11, 2011 2:27 pm
- Location: milky way, orion arm
Re: Tracks 215 Project
Good to see more specifics but still seems like a weak proposal with no financing details.
-
- Mark Twain Tower
- Posts: 9862
- Joined: Tue Jul 17, 2012 7:54 am
Re: Tracks 215 Project
What kind of agreement they could make with PIEA likely determines the financing details. I wouldn't announce details of the multiple banks I was talking to before signing on a loan either.
- KCDowntown
- Alameda Tower
- Posts: 1039
- Joined: Tue Oct 08, 2002 2:17 pm
Re: Tracks 215 Project
New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)
Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.
There's a new rendering in the document as well.
KCDowntown
Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.
There's a new rendering in the document as well.
KCDowntown
- normalthings
- Mark Twain Tower
- Posts: 8018
- Joined: Mon Mar 30, 2015 9:52 pm
Re: Tracks 215 Project
Unfortunate to see that shift. Other buildings seem extremely full with high rents. Arterra’s listings on leasing websites also made it sound a lot fuller.KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)
Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.
There's a new rendering in the document as well.
KCDowntown
- alejandro46
- Alameda Tower
- Posts: 1358
- Joined: Fri Feb 02, 2018 11:24 pm
- Location: King in the North(Land)
Re: Tracks 215 Project
Agreed, I thought at last discussed on the occupancy thread that Arterra was leasing up decently. I mean rents there go up into the 3700 range so understandably the market can't absorb immediately. I though this was supposed to be more mid-grade housing.normalthings wrote: ↑Tue Mar 10, 2020 7:01 pmUnfortunate to see that shift. Other buildings seem extremely full with high rents. Arterra’s listings on leasing websites also made it sound a lot fuller.KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)
Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.
There's a new rendering in the document as well.
KCDowntown
-
- Alameda Tower
- Posts: 1081
- Joined: Sat Jan 04, 2020 12:02 pm
Re: Tracks 215 Project
It's a shame that the vertical size has gone done at a loss of units. The rendering still looks good and should fit in well with neighboring buildings.
I think a nice compromise might be around 10 stories and about 200 units. But I guess it's better to maybe play it safe & beuild a project that has best case to get & stay leased, which makes the overall area better and willing for more developers to come in with new ideas & projects.
Not that this area of town is lacking for development
I think a nice compromise might be around 10 stories and about 200 units. But I guess it's better to maybe play it safe & beuild a project that has best case to get & stay leased, which makes the overall area better and willing for more developers to come in with new ideas & projects.
Not that this area of town is lacking for development
- normalthings
- Mark Twain Tower
- Posts: 8018
- Joined: Mon Mar 30, 2015 9:52 pm
Re: Tracks 215 Project
Also sounds like 3D will develop 150+ units at another nearby project in the near future.dukuboy1 wrote: ↑Wed Mar 11, 2020 8:34 am It's a shame that the vertical size has gone done at a loss of units. The rendering still looks good and should fit in well with neighboring buildings.
I think a nice compromise might be around 10 stories and about 200 units. But I guess it's better to maybe play it safe & beuild a project that has best case to get & stay leased, which makes the overall area better and willing for more developers to come in with new ideas & projects.
Not that this area of town is lacking for development
- KCPowercat
- Ambassador
- Posts: 34108
- Joined: Mon Oct 07, 2002 12:49 pm
- Location: Quality Hill
- Contact:
Re: Tracks 215 Project
I'm more excited about the amenities discussed that the number of units or heights with this project. I wouldn't want to live next to the tracks.
-
- Mark Twain Tower
- Posts: 9862
- Joined: Tue Jul 17, 2012 7:54 am
Re: Tracks 215 Project
It's about the same as living under the flight path to the airport. it becomes part of the environment.KCPowercat wrote: ↑Wed Mar 11, 2020 12:35 pm I'm more excited about the amenities discussed that the number of units or heights with this project. I wouldn't want to live next to the tracks.
car noise is way worse. it's way more constant in terms of impact.
- TheLastGentleman
- Broadway Square
- Posts: 2946
- Joined: Tue Jun 13, 2017 9:27 pm
Re: Tracks 215 Project
New rendering
Old rendering
Old rendering
- Chris Stritzel
- Penntower
- Posts: 2406
- Joined: Sun Feb 19, 2017 9:27 pm
Re: Tracks 215 Project
Same design, just shorter. Still a good project in my opinion
-
- Valencia Place
- Posts: 1802
- Joined: Mon May 27, 2019 4:02 am
Re: Tracks 215 Project
Parking garage shrank which looks nicer imhoChris Stritzel wrote: ↑Mon Mar 16, 2020 2:22 am Same design, just shorter. Still a good project in my opinion
- normalthings
- Mark Twain Tower
- Posts: 8018
- Joined: Mon Mar 30, 2015 9:52 pm
Re: Tracks 215 Project
On Arterra, EDC and the journalists usually have a lag on the numbers they report. That number is also just occupied vs. leased. The numbers shown on apartment hunting websites may not be 100% accurate but could be a more recent representation of where leasing is.normalthings wrote: ↑Tue Mar 10, 2020 7:01 pmUnfortunate to see that shift. Other buildings seem extremely full with high rents. Arterra’s listings on leasing websites also made it sound a lot fuller.KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)
Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.
There's a new rendering in the document as well.
KCDowntown
- normalthings
- Mark Twain Tower
- Posts: 8018
- Joined: Mon Mar 30, 2015 9:52 pm
Re: Tracks 215 Project
An amendment to 22nd & Main TIF Plan for a 150 unit apartment building and 300 space garage was introduced to the council this week.KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)
Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.
There's a new rendering in the document as well.
KCDowntown
A TIF redevelopment agreement for the project is before the TIF Commission as well.
- normalthings
- Mark Twain Tower
- Posts: 8018
- Joined: Mon Mar 30, 2015 9:52 pm
Re: Tracks 215 Project
http://cityclerk.kcmo.org/LiveWeb/Docum ... txHrnoQ5U0normalthings wrote: ↑Sat Apr 11, 2020 1:01 pmAn amendment to 22nd & Main TIF Plan for a 150 unit apartment building and 300 space garage was introduced to the council this week.KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)
Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.
There's a new rendering in the document as well.
KCDowntown
A TIF redevelopment agreement for the project is before the TIF Commission as well.
- normalthings
- Mark Twain Tower
- Posts: 8018
- Joined: Mon Mar 30, 2015 9:52 pm
Re: Tracks 215 Project
The 3D/Greystar team plans 6 projects for the Freight House district.
Tracks 215 moves to full committee with recommendation Do Pass
Tracks 215 moves to full committee with recommendation Do Pass