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Re: 5th and Main (Northwest Corner)
Posted: Tue Jan 11, 2022 9:54 am
by Anthony_Hugo98
Whats the expected tax income for the Streetcar TDD from this project? need some numbers to explain to people why tax revenue is better than not getting anything from a city owned lot
Re: 5th and Main (Northwest Corner)
Posted: Tue Jan 11, 2022 3:44 pm
by DaveKCMO
Anthony_Hugo98 wrote: ↑Tue Jan 11, 2022 9:54 am
Whats the expected tax income for the Streetcar TDD from this project? need some numbers to explain to people why tax revenue is better than not getting anything from a city owned lot
Right now the TDD assessment is zero.
Assuming it's actually assessed at the $75 million construction cost (not guaranteed), the TDD assessment at completion would be $115,200 annually.
As with other new developments (like W&R), the city will negotiate some sort of developer TDD payment once the project moves forward (like with URD rezoning or something) even if the city or one of its eco devo entities retains ownership through completion.
Multifamily is considered commercial.
https://kcstreetcar.org/assessment-calculator/
Re: 5th and Main (Northwest Corner)
Posted: Wed Jan 12, 2022 7:15 pm
by DaveKCMO
DaveKCMO wrote: ↑Tue Jan 11, 2022 3:44 pm
Anthony_Hugo98 wrote: ↑Tue Jan 11, 2022 9:54 am
Whats the expected tax income for the Streetcar TDD from this project? need some numbers to explain to people why tax revenue is better than not getting anything from a city owned lot
Right now the TDD assessment is zero.
Assuming it's actually assessed at the $75 million construction cost (not guaranteed), the TDD assessment at completion would be $115,200 annually.
As with other new developments (like W&R), the city will negotiate some sort of developer TDD payment once the project moves forward (like with URD rezoning or something) even if the city or one of its eco devo entities retains ownership through completion.
Multifamily is considered commercial.
https://kcstreetcar.org/assessment-calculator/
D'oh! Correction: The assessment would be residential on the residential portion and be about
half the amount above.
Re: 5th and Main (Northwest Corner)
Posted: Wed Jan 12, 2022 9:11 pm
by Anthony_Hugo98
DaveKCMO wrote: ↑Wed Jan 12, 2022 7:15 pm
DaveKCMO wrote: ↑Tue Jan 11, 2022 3:44 pm
Anthony_Hugo98 wrote: ↑Tue Jan 11, 2022 9:54 am
Whats the expected tax income for the Streetcar TDD from this project? need some numbers to explain to people why tax revenue is better than not getting anything from a city owned lot
Right now the TDD assessment is zero.
Assuming it's actually assessed at the $75 million construction cost (not guaranteed), the TDD assessment at completion would be $115,200 annually.
As with other new developments (like W&R), the city will negotiate some sort of developer TDD payment once the project moves forward (like with URD rezoning or something) even if the city or one of its eco devo entities retains ownership through completion.
Multifamily is considered commercial.
https://kcstreetcar.org/assessment-calculator/
D'oh! Correction: The assessment would be residential on the residential portion and be about
half the amount above.
Ty Dave, your help is much appreciated!
Re: 5th and Main (Northwest Corner)
Posted: Mon Jan 17, 2022 10:31 pm
by Chris Stritzel
I'm looking forward to seeing this go up. With it being 13 floors, and having been approved by the FAA, it opens a new "can of worms" for taller structures in the neighborhood. Think Ascend/Defeo as being next. A revised Ashland proposal should be taller and whatever happens at 3rd and Grand could also be taller. The taller the building, the denser they could be. However, I wouldn't want to see a proposal exceed 13 floors in the River Market.
Re: 5th and Main (Northwest Corner)
Posted: Mon Jan 24, 2022 5:21 pm
by Cratedigger
Kevin Collison wrote:
UPDATE Port KC commissioners unanimously approve land transfer and developer for City Harvest project, final development plan still must return to commission for consideration.
https://twitter.com/cityscenekc/status/ ... 8878534657
Re: 5th and Main (Northwest Corner)
Posted: Mon Jan 24, 2022 6:34 pm
by AlkaliAxel
How long till some moron comes out of nowhere and kills the project last second because iT's nOt aFfoRdAbLe eNoUgH
Re: 5th and Main (Northwest Corner)
Posted: Fri Feb 18, 2022 3:55 pm
by moderne
While not a skyscraper, this will have a big impact visually not just in River Market but also on the north skyline. This due to the fact that it will be on the original city grid that parallels the river, not on the north south grid that starts a couple blocks south. I always like looking south down the street on Delaware because the Commerce Tower and 909 Walnut do not line up with the vanishing point of Delaware.
Re: 5th and Main (Northwest Corner)
Posted: Fri Feb 18, 2022 4:07 pm
by FangKC
I think one of the neatest aspects of the former New York Life Insurance Building is the fact that the entrance is visible traveling north on Baltimore. The architecture is enhanced by this.
https://www.google.com/maps/@39.1030329 ... 384!8i8192
Re: 5th and Main (Northwest Corner)
Posted: Fri Feb 18, 2022 4:38 pm
by AlkaliAxel
moderne wrote: ↑Fri Feb 18, 2022 3:55 pm
While not a skyscraper, this will have a big impact visually not just in River Market but also on the north skyline. This due to the fact that it will be on the original city grid that parallels the river, not on the north south grid that starts a couple blocks south. I always like looking south down the street on Delaware because the Commerce Tower and 909 Walnut do not line up with the vanishing point of Delaware.
Excellent observation. I bet more buildings will come as well. Could look something like Seattle's dense waterfront community development at some point.
Someone pitched an idea of putting an Amazon campus in the river market at one point and I almost gauged my eyes out at the stupidity of the idea.
Re: 5th and Main (Northwest Corner)
Posted: Fri Feb 18, 2022 6:22 pm
by FangKC
Re: 5th and Main (Northwest Corner)
Posted: Fri Feb 18, 2022 6:51 pm
by AlkaliAxel
So if I've read this correctly, this place actually decided to *reduce* parking and is having ground floor space for retail, and is gonna include and top floor restaurant?
Re: 5th and Main (Northwest Corner)
Posted: Fri Feb 18, 2022 7:13 pm
by daGOAT
I love the design for this one the greenhouse vibe will definitely stand out while the color choices on the northside look like they'll compliment the existing buildings. The parking ratio is something I hope becomes commonplace on the streetcar corridor. Add in the half million $ renovation to the park and I say its a huge improvement in almost every conceivable aspect.
Re: 5th and Main (Northwest Corner)
Posted: Mon Feb 21, 2022 11:09 pm
by CrossroadsUrbanApts
I toured the Oxbow Apartments under construction in North Kansas City, which uses the same structural metal stud construction system. I'm excited by the possibilities of this construction technique. More expensive than wood construction, but you can go higher and get better results, but without the cost of concrete or heavy steel.
Re: 5th and Main (Northwest Corner)
Posted: Tue Mar 08, 2022 6:46 pm
by normalthings
Project Name: 5th and Main
Proposed Use: Mixed-Use; Residential, commercial, with parking podium
Project Description: A 13 story mixed use infill project to replace an existing grade parking lot in the river market. Project will be 11 stories of structural metal studs on a 2+ story parking and commercial podium.
Estimated Value $52,500,000.00
Requested Meeting Date
03/29/2022
Anticipated Construction Date
11/16/2022
Anticipated Completion Date
12/31/2023
https://compasskc.kcmo.org/EnerGov_Prod ... b=moreinfo
Re: 5th and Main (Northwest Corner)
Posted: Tue Mar 08, 2022 8:19 pm
by FangKC
I wonder if they will get that many stories approved on the southwest parcel of 5th and Main?
Re: 5th and Main (Northwest Corner)
Posted: Tue Mar 08, 2022 9:16 pm
by alejandro46
FangKC wrote: ↑Tue Mar 08, 2022 8:19 pm
I wonder if they will get that many stories approved on the southwest parcel of 5th and Main?
I can only hope since this project paved the way with the FAA. Maybe the FAA will even be more leinent with the heigth on future projects. If the north loop is ever removed, that parcel goes way up in value.
Re: 5th and Main (Northwest Corner)
Posted: Thu Mar 31, 2022 6:23 pm
by Chris Stritzel
Geotechnical surveying work underway
Re: 5th and Main (Northwest Corner)
Posted: Thu Mar 31, 2022 7:56 pm
by AlkaliAxel
Chris Stritzel wrote: ↑Thu Mar 31, 2022 6:23 pm
Geotechnical surveying work underway
Is it still on track to start in the Fall? And when is it supposed to be completed by?
Re: 5th and Main (Northwest Corner)
Posted: Thu Mar 31, 2022 8:09 pm
by Chris Stritzel
AlkaliAxel wrote: ↑Thu Mar 31, 2022 7:56 pm
Chris Stritzel wrote: ↑Thu Mar 31, 2022 6:23 pm
Geotechnical surveying work underway
Is it still on track to start in the Fall? And when is it supposed to be completed by?
I imagine it’s possible to start in the fall if the city approves of the incentives and final development plan. As for completion, I’d say maybe 18-22 months after construction start is a good timeframe.