KCRag Forum

normalthings wrote: ↑Wed Apr 15, 2020 1:57 pm The 3D/Greystar team plans 6 projects for the Freight House district.

Tracks 215 moves to full committee with recommendation Do Pass

Plans for a $52.4 million luxury apartment building and parking garage could get a boost from Kansas City's Planned Industrial Expansion Authority.

Board members are scheduled Thursday morning to consider a proposal from Tracks 215 LLC, to build a five-story, 150-unit apartment building — above a two-story, 301-space garage — southwest of the intersection at Wyandotte and West 22nd streets, in the Crossroads' Freighthouse District.

The developer seeks a 75% tax abatement for 10 years and 37.5% for the next five years and as much as $4 million from the 22nd and Main tax increment financing district. Documents filed with the PIEA give the requested abatement an undiscounted value of roughly $8.36 million. A consultant for the PIEA suggests a 75% abatement for 10 years, along with the TIF redirection, for an undiscounted value of $7.66 million.

KCPowercat wrote: ↑Thu May 07, 2020 6:41 am Seems like a perfect location to beef up supply

Chris Stritzel wrote: ↑Wed May 06, 2020 11:11 pm Solid project if they can get it underway in the current situation.

301 parking spaces... oh my. I know they have to replace the spots on that lot and build new spots for the units but this seems like overkill.

flyingember wrote: ↑Thu May 07, 2020 2:20 pm

Chris Stritzel wrote: ↑Wed May 06, 2020 11:11 pm Solid project if they can get it underway in the current situation.

301 parking spaces... oh my. I know they have to replace the spots on that lot and build new spots for the units but this seems like overkill.

With the number of events at Union Station + the ped bridge it will be well used

normalthings wrote: ↑Thu May 07, 2020 4:08 pm Incentives are a go but developer Greystar is out.

Riverite wrote: ↑Thu May 07, 2020 4:11 pm

normalthings wrote: ↑Thu May 07, 2020 4:08 pm Incentives are a go but developer Greystar is out.

Is there another developer?

normalthings wrote: ↑Thu May 07, 2020 4:26 pm

Riverite wrote: ↑Thu May 07, 2020 4:11 pm

normalthings wrote: ↑Thu May 07, 2020 4:08 pm Incentives are a go but developer Greystar is out.

Is there another developer?

3D is going to try and find a new developer for the project plan.

Greystar (major national player) was unable to get financing for the project

Copaken Brooks recently announced Superior Moving & Storage, a family-owned, local business since 1914, is moving to Downtown Business Park at 3177 Mercier in Kansas City, Mo. The company started leasing the 86,363 SF Midtown space on May 1, 2020.

As a fourth-generation company, Superior has a long history of relocating businesses, homes and people in Kansas City and the surrounding communities.

“Our customers are our number one priority, and we’re excited to bring our entire operation under one roof so we can continue providing the highest quality of service,” said Ceil Lynch, president of Superior.

Superior began leasing 35,000 SF of the building in 2014 for storage but recently sold its 2020 Walnut property, moving its full operation to Downtown Business Park as its new headquarters.

“We’re pleased to have Superior Moving & Storage at our Downtown Business Park property,” said Jeremiah Dean, vice president of leasing at Copaken Brooks.

Superior touts a turnkey, customized plan, flexible scheduling, project management, decommission and installation services for all furniture lines as well as an experienced crew.

“Legacy companies like Superior are essential to Kansas City’s healthy, diverse business community and we look forward to seeing their continued growth in the years to come,” Dean said.

normalthings wrote: ↑Mon Jun 08, 2020 7:48 pm Superior Moving to be converted into “raw” office space. Sounds like they will try to leave the building as untouched as possible from its current state.Rooftop amenities space will be added. Target market of small/startup type firms. Rents will be in the $20-25 range.

normalthings wrote: ↑Tue Dec 29, 2020 1:11 pm Geotechnical drilling today

normalthings wrote: ↑Sat Jan 02, 2021 5:15 pm

normalthings wrote: ↑Tue Dec 29, 2020 1:11 pm Geotechnical drilling today

The project is moving forward. 99% sure it gets built.