Re: OFFICIAL - Strata (H&R Block's 2nd Tower)
Posted: Tue Dec 17, 2019 7:34 pm
The good news is Cordish has a head start as they had explored some other plans before Strata came to be.normalthings wrote: ↑Tue Dec 17, 2019 7:34 pmThey still have to design the thing. It will also take time to negotiate with Cordish to manage garage construction as well as form a plan with the tenants in the base building.
A close up of a few of the ground piers.
I’m honestly starting to worry we are going to be short tower cranes. They’re expensive and you’d only buy a new one if you anticipated prolonged demand. Unfortunately, our construction companies have always been conservative in their views. This could slow the development of projects like this and also make them more expensive.Chris Stritzel wrote: ↑Sun Jan 26, 2020 8:27 pm Considering how it seems the Downtown KC office market seems strong, I don’t believe that this thing is dead. Maybe the plans were sold off to another developer other than Copaken. Hopefully people get answers soon.
We should have 5 tower cranes come down in the urban core this year. That will be close to enough for the 5-7 big projects starting this year.beautyfromashes wrote: ↑Sun Jan 26, 2020 11:18 pmI’m honestly starting to worry we are going to be short tower cranes. They’re expensive and you’d only buy a new one if you anticipated prolonged demand. Unfortunately, our construction companies have always been conservative in their views. This could slow the development of projects like this and also make them more expensive.Chris Stritzel wrote: ↑Sun Jan 26, 2020 8:27 pm Considering how it seems the Downtown KC office market seems strong, I don’t believe that this thing is dead. Maybe the plans were sold off to another developer other than Copaken. Hopefully people get answers soon.
I think it’s a bottleneck in the construction business in Kansas City. It restricts the timing of development, is a disincentive for speculative projects and raises costs due to demand. I’d almost prefer the city provide a construction TIF for the purchase of new tower cranes for construction companies in this city. I think it would do more to incentivize development than money for individual buildings.normalthings wrote: ↑Sun Jan 26, 2020 11:37 pm We should have 5 tower cranes come down in the urban core this year. That will be close to enough for the 5-7 big projects starting this year.
Regardless, it probably wouldn’t be that hard to bring in cranes from STL or Omaha if need be.
Unless you know something the rest of us don't, I'm not following this. The area is home to many cranes already and we are in close proximity to multiple communities with cranes that we can draw from. The cranes themselves aren't that expensive.beautyfromashes wrote: ↑Mon Jan 27, 2020 1:00 amI think it’s a bottleneck in the construction business in Kansas City. It restricts the timing of development, is a disincentive for speculative projects and raises costs due to demand. I’d almost prefer the city provide a construction TIF for the purchase of new tower cranes for construction companies in this city. I think it would do more to incentivize development than money for individual buildings.normalthings wrote: ↑Sun Jan 26, 2020 11:37 pm We should have 5 tower cranes come down in the urban core this year. That will be close to enough for the 5-7 big projects starting this year.
Regardless, it probably wouldn’t be that hard to bring in cranes from STL or Omaha if need be.
...and, yes, I know that there is no such thing as a “construction TIF” just didn’t know what to call it.
KC doesn't have nor will have that many tower cranes up. Five cranes is not a lot for a major metro. When the IRS was going up, Dunn had like six tower cranes on that one site alone and most of the cranes in downtown KC now are not even the typical blue Dunn cranes. They all had to be brought into town (like the children mercy cranes etc). And you are talking about three relatively small office buildings, only two of which are spec, the rest are hotels and residential, so I don't see the office market having issues unless the developers and banks in KC is still super duper conservative. Hopefully strata was not thinking they would land W&R or something.beautyfromashes wrote: ↑Sun Jan 26, 2020 11:18 pmI’m honestly starting to worry we are going to be short tower cranes. They’re expensive and you’d only buy a new one if you anticipated prolonged demand. Unfortunately, our construction companies have always been conservative in their views. This could slow the development of projects like this and also make them more expensive.Chris Stritzel wrote: ↑Sun Jan 26, 2020 8:27 pm Considering how it seems the Downtown KC office market seems strong, I don’t believe that this thing is dead. Maybe the plans were sold off to another developer other than Copaken. Hopefully people get answers soon.
The strata page was updated and republished. The leasing brochure was removed. The biggest change:
Construction is expected to commence Summer 2020 with a completion date of Summer 2022.
Great to see that it is back. Also nice to see a hopeful Summer start.normalthings wrote: ↑Mon Jan 27, 2020 3:43 pmThe strata page was updated and republished. The biggest change:
Construction is expected to commence Summer 2020 with a completion date of Summer 2022.
Thanks for the update, normal things!normalthings wrote: ↑Mon Jan 27, 2020 3:43 pmThe strata page was updated and republished. The leasing brochure was removed. The biggest change:
Construction is expected to commence Summer 2020 with a completion date of Summer 2022.
I was told by a higher up at Copakan that they’re in a dispute with Cordish. My contacts at Cordish haven’t mentioned this and seem to act as if everything is just fine.normalthings wrote: ↑Wed Feb 26, 2020 10:18 pmCan you share more? I had heard that there was some news with tenants.
Website is live now