The BizJournal has a story out about this project. These are some key snippets...
1. The LCRA approved the taxable industrial revenue bond request for the office building. Up to $70 Million.
2. Muehlebach will have 190 apartments (may not be new info) with 10% being affordable.
3. Total development cost is $160 Million.
4. The LCRA's incentives for the office-garage and apartment components include a sales tax exemption on construction materials, a 75% abatement of new property taxes for 10 years after construction is finished and a 37.5% abatement for an additional 15 years.
5. The developer will reserve 200 parking garage spaces for public use at market rate on nights and weekends. The other 210 spaces will be reserved.
6. Muehlebach is a future phase.
New rendering. The building was slightly redesigned...
Link to the story (paywall):
https://www.bizjournals.com/kansascity/ ... ce=twitter