Four Light

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GRID
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Re: Four Light

Post by GRID »

I can't believe they have not even released a rendering for this. Downtown KC needs a tower crane!
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Chris Stritzel
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Re: Four Light

Post by Chris Stritzel »

GRID wrote: Mon Apr 15, 2024 9:07 am I can't believe they have not even released a rendering for this. Downtown KC needs a tower crane!
There will be two up soon enough. One for 1818 Main and the second for 3rd and Grand. Another three could go up if their respective projects start this year (New UMKC Building on Hospital Hill, Atlas 303 Broadway and City Harvest/5th and Main). So greater downtown could have 6 up at once. I know none of those are directly within the loop, but they’ll all show up.
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DColeKC
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Re: Four Light

Post by DColeKC »

GRID wrote: Mon Apr 15, 2024 9:07 am I can't believe they have not even released a rendering for this. Downtown KC needs a tower crane!
They’re in final design phase right now. Not sure on timing for announce or new renderings.
langosta
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Re: Four Light

Post by langosta »

City manager said ground breaking this year. FYI
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Chris Stritzel
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Re: Four Light

Post by Chris Stritzel »

langosta wrote: Tue Apr 16, 2024 10:00 am City manager said ground breaking this year. FYI
When was that said?
langosta
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Re: Four Light

Post by langosta »

Chris Stritzel wrote: Tue Apr 16, 2024 10:08 am
langosta wrote: Tue Apr 16, 2024 10:00 am City manager said ground breaking this year. FYI
When was that said?
This week
Sani
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Re: Four Light

Post by Sani »

langosta wrote: Sat Sep 30, 2023 2:04 pm
DColeKC wrote: Sat Sep 30, 2023 12:22 pm
im2kull wrote: Sat Sep 30, 2023 12:15 pm

They can't be that strict. I see bad loans written for bad condo's with terrible financials and piss poor run HOAs every week. So either they aren't strict, or everyone turns a blind eye to the obvious while accepting inaccurate disclosure documents to push things along. I've seen more inaccurate or missing condo resale certs (despite being required by state law) than I've seen proper ones. It's disgusting and typically benefits one obvious class of citizen while bending over another. The sad part is that most buyers being taken advantage of don't even realize it until it's way to late to do anything about it.
I've always been under the impression that a certain amount of condo units must be sold before construction can take place. I'm not sure if this is true or if it that's just a policy of HUD when they're involved on the lending side of things.
DColeKC is correct. There is also a 10 year window for condor owners to sue the constructor for damages. Complete non-starter for constructors in this area/at local price points/at any meaningful scale.

One of many documents you sign when building a tower in downtown KC is the agreement that the units will be rental and not condo for a period of 10 years.
I'm torn on that 10-year window. On the one hand, I get that developers don't want to be on the hook for bad workmanship for a decade after construction is complete, but on the other hand, when you see how Champlain Towers South in Surfside was built, you understand why a guarantee requirement makes sense. For every Champlain Towers, there are thousands of other condo towers facing horrendously expensive maintenance and repair assessments to compensate for poor construction. I suppose "building it right the first time" just doesn't make any financial sense at all.
langosta
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Re: Four Light

Post by langosta »

But those issues were not found for decades post construction. And Kansas City’s special testing and inspections requirements during the construction process are what really catch those sorts of issues well before there is a major problem.
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GRID
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Re: Four Light

Post by GRID »

Not even a rendering for this out yet?
Riverite
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Re: Four Light

Post by Riverite »

Any news?
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DColeKC
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Re: Four Light

Post by DColeKC »

Still finalizing the design. One major change has been added that hasn't been done yet in any of the prior three towers. No update on announce or start date. Expect this building and one more north of Truman before anything happens across the interstate.
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im2kull
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Re: Four Light

Post by im2kull »

DColeKC wrote: Fri May 31, 2024 5:32 pm Still finalizing the design. One major change has been added that hasn't been done yet in any of the prior three towers. No update on announce or start date. Expect this building and one more north of Truman before anything happens across the interstate.
I'm pleased to hear that we are finally getting the pedestrian bridge/skywalk! 🙂
moderne
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Re: Four Light

Post by moderne »

Roof top go carts.
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KCPowercat
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Re: Four Light

Post by KCPowercat »

DColeKC wrote: Fri May 31, 2024 5:32 pm Still finalizing the design. One major change has been added that hasn't been done yet in any of the prior three towers. No update on announce or start date. Expect this building and one more north of Truman before anything happens across the interstate.
Sounds cool but I was really excited about the crossroad side buildings and knocking out those horrible lots.
TheUrbanRoo
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Re: Four Light

Post by TheUrbanRoo »

KCPowercat wrote: Sat Jun 01, 2024 11:06 am
DColeKC wrote: Fri May 31, 2024 5:32 pm Still finalizing the design. One major change has been added that hasn't been done yet in any of the prior three towers. No update on announce or start date. Expect this building and one more north of Truman before anything happens across the interstate.
Sounds cool but I was really excited about the crossroad side buildings and knocking out those horrible lots.
Totally agree. Sad to hear they’re gonna leave those Crossroads lots empty after 4L. Those are far more needed given the Cap is coming.
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Chris Stritzel
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Re: Four Light

Post by Chris Stritzel »

I’m fine with the lots remaining empty until 4 Light is completed since that’ll finish the original Power and Light District. It also gives the opportunity for Cordish and partners to reassess what they’ve done across the highway to introduce an entirely new type of product for them. In the interim, fence in the lot on the west side of Main and plant grass on the other one.
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Cratedigger
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Re: Four Light

Post by Cratedigger »

Don't know this for sure but based on leasing numbers for 3L and Midland, as well as movement on the South Loop Cap, I'd imagine we hear some news on 4L late this summer/early fall
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