KCRag Forum

Rabble wrote: ↑Tue Apr 27, 2021 4:04 pm

WoodDraw wrote: ↑Tue Apr 27, 2021 9:27 am
If you want places to stop building private amenities downtown, start building better public amenities.

Exactly my point. A great downtown is full of public amenities that are well used. Our few parks and public areas are shabby and unused. Nothing will change until the city knows there is a demand for improved and expanded public space. Apartment buildings full of private amenities don't benefit the future of our public amenities.

I don't disagree with you, but we have to fix them. KC is notoriously bad at parks. Why wouldn't I moved to a place where I can be outside?

KC always wants the builders to subsidize everything. Just build a nice park and pool and take care of it.

Each project pays a few hundred thousand to low millions to the Parks Department.

WoodDraw wrote: ↑Tue Apr 27, 2021 4:38 pm

Rabble wrote: ↑Tue Apr 27, 2021 4:04 pm

WoodDraw wrote: ↑Tue Apr 27, 2021 9:27 am
If you want places to stop building private amenities downtown, start building better public amenities.

Exactly my point. A great downtown is full of public amenities that are well used. Our few parks and public areas are shabby and unused. Nothing will change until the city knows there is a demand for improved and expanded public space. Apartment buildings full of private amenities don't benefit the future of our public amenities.

I don't disagree with you, but we have to fix them. KC is notoriously bad at parks. Why wouldn't I moved to a place where I can be outside?

KC always wants the builders to subsidize everything. Just build a nice park and pool and take care of it.

There was a recent survey by parks on what people wanted to see. I put two things

1. basic amenities must be in in all parks. play ground, trash cans, benches, restrooms, trails, with some caviets. maybe 100% of parks get a bench and trash can at all entrances/corners while restrooms go in every park over 1 acre

2. every park needs something you would pick that specific park for. outdoor fitness equipment, a stocked pond, a skate park, a dog park, a specific kind of sports field/court

normalthings wrote: ↑Tue Apr 13, 2021 7:40 pm 22.6% leased. I think the 2nd building is still under construction but is now being advertised.

227 of 341 units open. 33.4% leased

I think the east building is about to or recently opened.

Looks great from above, too!

Are they doing anything with the lot north of the white building?

Riverite wrote: ↑Mon May 31, 2021 12:24 pm Are they doing anything with the lot north of the white building?

Phase 2

normalthings wrote: ↑Mon May 31, 2021 4:05 pm

Riverite wrote: ↑Mon May 31, 2021 12:24 pm Are they doing anything with the lot north of the white building?

Phase 2

They also own the lot directly east of the white building

The lot on the NE corner of that block is separate ownership

normalthings wrote: ↑Fri May 21, 2021 4:43 am

normalthings wrote: ↑Tue Apr 13, 2021 7:40 pm 22.6% leased. I think the 2nd building is still under construction but is now being advertised.

227 of 341 units open. 33.4% leased

I think the east building is about to or recently opened.

183 of 341 available. 46% leased

I don't know if I'd trust website availability. My market surveys consistently show higher vacancies that what property websites would indicate. Artistry is closer to 37% leased (and less than in terms of physical occupancy).

CrossroadsUrbanApts wrote: ↑Thu Jun 17, 2021 11:18 am I don't know if I'd trust website availability. My market surveys consistently show higher vacancies that what property websites would indicate. Artistry is closer to 37% leased (and less than in terms of physical occupancy).

I would imagine that not all websites are accurate. However, for a few of these the owners/developers have directly provided numbers that confirm accuracy.

131 of 341 available. 61.6% leased

normalthings wrote: ↑Tue Aug 10, 2021 11:03 pm 131 of 341 available. 61.6% leased

114 of 341 available 66.5% leased

Not great but not bad given the massive deliveries of Class A in urban core over the last year.

earthling wrote: ↑Sun Sep 19, 2021 9:05 am Not great but not bad given the massive deliveries of Class A in urban core over the last year.

Yeah hopefully it will pick up soon, I feel like as more stuff is coming to east crossroads it should pick up still feels a bit on the periphery as is.

Typically rentals slow down approaching end of year but this isn't a typical year. Will be interesting to see Q2 multifamily occupancy reports. Cushman and Colliers usually release Q2 reports by now but don't necessarily release MF reports every quarter.

Riverite wrote: ↑Sun Sep 19, 2021 8:48 am

normalthings wrote: ↑Tue Aug 10, 2021 11:03 pm 131 of 341 available. 61.6% leased

114 of 341 available 66.5% leased

89 of 341 show as available. 73.9% leased

It's mind boggling to me how quickly the downtown apartment market absorbs new projects. Who would have known there was that much pent up demand 5-8 years ago.

This is especially true seeing that there aren't a lot of new jobs coming downtown that are creating additional demand.