KCRag Forum

Seeking a letter of support for the development of Artists Lofts at 818 Grand Avenue. Donovan Mouton of Mouton Consulting Group presenting.

earthling wrote:There'e now enough momentum downtown that near weekly announcements for downtown housing is almost becoming ho hum.

Developer Wayne Reeder and his family trust have acquired the 12-story Scarritt Building, 818 Grand Blvd., and the four-story Scarritt Arcade, 818 Walnut St.
Reeder said the conjoined historic buildings, both built in 1907, are only about 35 percent occupied after a prolonged and failed attempt to convert them into affordable apartments. His plan is to refill them with office users while maintaining about 10,000 square feet of existing event space. The buildings total about 158,000 square feet.

moderne wrote:Hopefully being on the historic register and local landmark will prevent Reeder from doing anything improper to wreck these jewels?

The move, from a 450-square-foot space where they ran a two-man show to 1,900 square feet on the 11th floor of the Scarritt Building, was spurred by a plan to add four employees to KC Metro Homes, which buys, rehabs and rents distressed single-family homes, then sells them to wealthy investors who want to diversify their investment portfolios.

Crippen said about 50,000 square feet, or about a third of the buildings’ total square footage, still remains for lease. And he and Edmondson are pitching it to potential tenants in increments as large as entire 8,450-square-foot floors and at prices ranging from $14 to $19 a square foot.