KCRag Forum

For some reason some buildings on Broadway think they will be targeted for looting - The Peanut, Quality Hill leasing office, and another apt. building on Broadway are completely boarded up on the ground floor. Interesting considering the only downtown protest is at City Hall and no one else closer to there has done anything.

gfenn11 wrote: ↑Wed Jun 03, 2020 8:56 pm For some reason some buildings on Broadway think they will be targeted for looting - The Peanut, Quality Hill leasing office, and another apt. building on Broadway are completely boarded up on the ground floor. Interesting considering the only downtown protest is at City Hall and no one else closer to there has done anything.

Better to have it an not need it than need it and not have it. I imagine they realize there isn’t a huge threat for looting, but I don’t blame them for trying to be prepared.

Some Crossroads buildings were hastily boarded up yesterday afternoon.

Lol

BoK at 11th & Main boarded up as well.

@TODActivist had listed his 9th&Baltimore collection for sale. $5.95 million for 104-110 9th Street. The listing notes that 9th & Wyandotte is going to be redeveloped.

https://www.loopnet.com/Listing/Baltimo ... /19771668/

This doesn't seem very positive.

Would be curious as to the motivation here. I thought he was in for the long haul with this neighborhood.

KCPowercat wrote: ↑Tue Jun 09, 2020 8:45 am This doesn't seem very positive.

One of our other very ambitious downtown developers recently said that a lot of projects that previously did not pencil out, make sense now due to the extremely low interest rates. However, to take advantage of these opportunities, developers having to put up solid equity and/or pre-leasing numbers.


So it’s possible that Epoch is trying to raise cash to take advantage of the lending environment to advance their RM projects.

I sure hope so.

normalthings wrote: ↑Tue Jun 09, 2020 9:42 am So it’s possible that Epoch is trying to raise cash to take advantage of the lending environment to advance their RM projects.

Very logical explanation. I wonder if he plans to offload his Crossroads building?

the swordfish tom's building? that's been listed for sale on loopnet for some time now

wahoowa wrote: ↑Tue Jun 09, 2020 4:18 pm the swordfish tom's building? that's been listed for sale on loopnet for some time now

Loopnet listing created 6/3. Flier Dated late April. I can't find anything from before the current economic situation.

i'm on loopnet a lot. this building has absolutely shown up on the "for sale" search before february 2020. that listing is there sometimes and it's not there others, similar to some of the large buildings north of 12th street in the west bottoms, the office/warehouses near SW blvd and washington, or the teal fire station a couple blocks east of the newer kc star building that can't decide whether to be on loopnet or zillow.

having said that, i'm certainly open to the possibility that it was mislisted (e.g. was supposed to go up as a lease and some agent wrongly posted as a sale, etc.). i'm not a market participant and have no idea how loopnet works. i just like pointing at buildings when i'm out walking the dog and telling my wife "this is an investment opportunity we can't afford to miss!" or "the dumbass that posted this building for sale on loopnet used stock photos from on top of and inside messenger coffee which is more than a block away from here isn't that weird? hey are you listening?"

Biz Journal picked up this sale

https://www.bizjournals.com/kansascity/ ... ifQ%3D%3D

Probably mentioned before. 500 Admiral has an Opportunity Zone investment sign up. I had thought the lot was active parking for the condo though. Anyone know whats up?

I was able to find this render from a few years back.

Any idea what's happening there? General reno/new windows?

that's funny, i think the condo under that crane has been for sale for 2 months. maybe a coincidence

That gas station next door attracts quite the crowd that sits on that stoop frequently. I can't imagine buying into that building