Page 2 of 6
Re: Bravicci Hotel Project - South of Crown Plaza Hotel
Posted: Sun Sep 22, 2019 8:35 pm
by normalthings
That or the DST Lots to the south. It sounds like the borrower was able to secure the CP adjacent lot but struggled to negotiate this one. Red Oak was brought in to quickly provide a shorter-term, high-interest loan due to the tight closing schedule.
Re: Bravicci Hotel Project - South of Crown Plaza Hotel
Posted: Sun Sep 22, 2019 9:15 pm
by DaveKCMO
Just tweet this intel. We'll see what happens!
Re: Bravicci Hotel Project - South of Crown Plaza Hotel
Posted: Sun Sep 22, 2019 11:27 pm
by Eon Blue
Shouldn’t there be some landscaping on that surface lot parcel now that it’s been repaved?
Re: Bravicci Hotel Project - South of Crown Plaza Hotel
Posted: Mon Sep 23, 2019 1:24 pm
by normalthings
normalthings wrote: ↑Thu Sep 19, 2019 12:48 am
Bravicci LLC purchased the empty lot south of the Crown Plaza and the surface lot west of the KC Power and Light Building this summer. It appears they plan on building a new hotel.
Per Securities and Exchange Commission documents relating to a loan Bravicci (borrower) took out in June.
The Loan proceeds will be used by the Borrower to fund the acquisition of an operating parking lot facility located in Kansas City, Missouri (the “Property”) in order to build a hotel on a nearby land parcel.
The LLC took out a high interest, short term note for the property indicating to me their plan/desire to start construction sooner rather than later. They aren't just going to sit on this.
(LOAN) DATE: June 28, 2019
PRINCIPAL AMOUNT: $4,840,000.00
INITIAL INTEREST RATE: 11.00%
“Due Date” means the earlier of Acceleration, or June 28, 2020;
More Information on Bravicci LLC:
Registered Agent: Desai, Dilip
Address: 8551 E Blue Pkwy Kansas City, MO 64133 (address of a Holiday Inn Express)
Date Formed: 6/3/2019
UNITED STATES SECURITIES AND EXCHANGE COMMISSION -FORM 1-U
https://www.sec.gov/Archives/edgar/data ... ocf_1u.htm
Commercial Loan Agreement
https://www.sec.gov/Archives/edgar/data ... f_ex61.htm
Commercial Promissory Note
https://www.sec.gov/Archives/edgar/data ... f_ex62.htm
14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 9:49 am
by Bbc333
Does anyone have anymore info on this tower? If it incorporates everything Kevin says the developers want, it would be huge!
https://cityscenekc.com/mystery-tower-c ... wyandotte/
https://acloreinvestment.com/projects
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 9:55 am
by moderne
A rooftop restaurant would be nice after all the others in town are long gone.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 10:32 am
by kboish
This sounds like a pipe dream. Would love to see it happen obviously.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 10:34 am
by Riverite
Any guess with how tall this could be? That’s a lot of different elements.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 10:40 am
by earthling
Would be fantastic if it can be pulled off. Would love to see 8th St between The Phoenix and Main built up with multi-functional hirises like this - office/hotel/residential hirises with retail spaces below, perhaps a ped only street. If one of these can be pulled off, hopefully more developers will pursue these throughout downtown. Though we may be approaching a peak of supportable downtown hotel rooms. Even so, this one could be worth incentives.
Sounds like at least $300M building. Could be difficult to fund w/out some pre-leased office, though office isn't as much space.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 11:17 am
by Bbc333
kboish wrote: ↑Tue Dec 24, 2019 10:32 am
This sounds like a pipe dream. Would love to see it happen obviously.
I would agree except they already purchased the land for almost 5mm which I wouldn’t think they’d do if there wasn’t some confidence in the project.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 11:26 am
by earthling
So should it butt up against P&L building or maybe tier it so W end peaks and leaves a gap for P&L to stand out? That is lowest floors are full plate office/retail, next layer hotel 2/3 of plate against W end and residential top end with maybe 1/3 or so floor plate to W end.
Awaiting normalthings concepts with estimated heights...
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 11:35 am
by KCDowntown
Riverite wrote: ↑Tue Dec 24, 2019 10:34 am
Any guess with how tall this could be? That’s a lot of different elements.
Based on similar size hotel/office/residential projects in the city I'd put it at 35-50 stories.
- 500 parking spaces and 160,000 sqft office: 13th & Wyandotte project with 14 stories
- 200 hotels rooms:: Similar to Hyatt House with 13 stories and 150 rooms
- 225 apartments:: Based on 12 units per story (approx Two Light) would be 18 stories
This estimate (and the project itself, for that matter), seems like a lot of conjecture though.
KCDowntown
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 11:51 am
by normalthings
A very exciting (for KC) hotel flag is in the works.
BTW - I already have a thread for this “Bravicci Hotel”
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 12:05 pm
by earthling
KCDowntown wrote: ↑Tue Dec 24, 2019 11:35 am
Riverite wrote: ↑Tue Dec 24, 2019 10:34 am
Any guess with how tall this could be? That’s a lot of different elements.
Based on similar size hotel/office/residential projects in the city I'd put it at 35-50 stories.
- 500 parking spaces and 160,000 sqft office: 13th & Wyandotte project with 14 stories
- 200 hotels rooms:: Similar to Hyatt House with 13 stories and 150 rooms
- 225 apartments:: Based on 12 units per story (approx Two Light) would be 18 stories
This estimate (and the project itself, for that matter), seems like a lot of conjecture though.
KCDowntown
The website is surprisingly fairly specific for an early proposal but it's the funding that I'd question more than the intent of project. And they need to be reasonable if asking for incentives. They may not get much.
The height will also significantly depend on if they do residential the full plate of the site or say about 1/3 or so of site size. The hotel floors also might not be full site sized, maybe somewhere in between. If less than site size, more floors.
Re: Bravicci Hotel Project - South of Crown Plaza Hotel
Posted: Tue Dec 24, 2019 12:08 pm
by normalthings
Mods, please merge this thread and the recently created 14th and Wyandotte one.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 12:12 pm
by normalthings
Regulatory filings and marketing materials describe the 14 and Wyandotte lot staying as parking to support development on another lot (the one adjacent to Crown Plaza).
The Loan proceeds will be used by the Borrower to fund the acquisition of an operating parking lot facility located in Kansas City, Missouri (the “Property”) in order to build a hotel on a nearby land parcel.
- Securities & Exchange Commission.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 12:20 pm
by KCPowercat
14th Street is going to turn into a mess of traffic it seems.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 12:22 pm
by earthling
^Not a mess, lively.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 12:29 pm
by KCPowercat
It's already a mess with everybody following their gps to Sprint center or power and light. Maybe if we make these new garage monstrosities require public parking it will actually help.
Re: 14th and Wyandotte Tower
Posted: Tue Dec 24, 2019 12:32 pm
by normalthings
KCDowntown wrote: ↑Tue Dec 24, 2019 11:35 am
Riverite wrote: ↑Tue Dec 24, 2019 10:34 am
Any guess with how tall this could be? That’s a lot of different elements.
Based on similar size hotel/office/residential projects in the city I'd put it at 35-50 stories.
- 500 parking spaces and 160,000 sqft office: 13th & Wyandotte project with 14 stories
- 200 hotels rooms:: Similar to Hyatt House with 13 stories and 150 rooms
- 225 apartments:: Based on 12 units per story (approx Two Light) would be 18 stories
This estimate (and the project itself, for that matter), seems like a lot of conjecture though.
KCDowntown
If they plan on building this as described in marketing and regulatory materials. The tower and the garage will be on separate lots.
The lot they previously slated for the tower is 17.7 (~18) K SQFT.
My height estimate then is:
Office: 9 floors
Hotel: 10 floors
Residential: 18
Total: 37 floors