3rd & Grand to be redeveloped as TOD

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Chris Stritzel
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Re: 3rd & Grand to be redeveloped as TOD

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Chris Stritzel wrote: Sun Mar 03, 2024 12:16 am Parking lot now closed.
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Re: 3rd & Grand to be redeveloped as TOD

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https://www.bizjournals.com/kansascity/ ... etcar.html
3G Development LLC paid $2.2 million last week to acquire the approximately 2-acre lot northeast of Third Street and Grand Boulevard from the Kansas City Area Transportation Authority. The joint venture concurrently secured a $46 million construction loan from Arvest Bank for a five-story, 245-apartment community it has planned for more than four years, dating to a 2019 request for proposals the KCATA issued for its parking site.
The Third and Grand apartments are planned with a 246-space podium parking garage, plus amenities including an open courtyard with a pool, fitness center, indoor gaming area and bike room with repair facilities. The complex also will house a multimodal transit hub to accommodate adjacent streetcar and bus service. 3G executed a 50-year lease, with two 25-year extension options, for a KCATA transit operator relief facility with its Feb. 29 lot purchase.
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Re: 3rd & Grand to be redeveloped as TOD

Post by langosta »

Hard to say this but the other corners really need to go soon too. Love the tenants and hope they can find a new home. The grocery stores are especially set up in a suburban manner
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TheLastGentleman
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Re: 3rd & Grand to be redeveloped as TOD

Post by TheLastGentleman »

langosta wrote: Sat Mar 09, 2024 11:26 am Hard to say this but the other corners really need to go soon too. Love the tenants and hope they can find a new home. The grocery stores are especially set up in a suburban manner
All the corners are empty except the city diner. I’m not sure I’m following
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Re: 3rd & Grand to be redeveloped as TOD

Post by mister816 »

langosta wrote: Sat Mar 09, 2024 11:26 am Hard to say this but the other corners really need to go soon too. Love the tenants and hope they can find a new home. The grocery stores are especially set up in a suburban manner
are you saying that you want the chinese market gone?
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Re: 3rd & Grand to be redeveloped as TOD

Post by GRID »

mister816 wrote: Mon Mar 11, 2024 10:48 am
langosta wrote: Sat Mar 09, 2024 11:26 am Hard to say this but the other corners really need to go soon too. Love the tenants and hope they can find a new home. The grocery stores are especially set up in a suburban manner
are you saying that you want the chinese market gone?
That's what I thought :shock:
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Re: 3rd & Grand to be redeveloped as TOD

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I like that Chinese market.
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Re: 3rd & Grand to be redeveloped as TOD

Post by KC_Ari »

Maybe he meant the substation and open space in front of the steam plant?
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Re: 3rd & Grand to be redeveloped as TOD

Post by langosta »

KC_Ari wrote: Mon Mar 11, 2024 8:01 pm Maybe he meant the substation and open space in front of the steam plant?
Substation is set to grow in size
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Chris Stritzel
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Re: 3rd & Grand to be redeveloped as TOD

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Fence around site. Pedestrian path open on 3rd.
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Chris Stritzel
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Re: 3rd & Grand to be redeveloped as TOD

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April 12th...
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TheUrbanRoo
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Re: 3rd & Grand to be redeveloped as TOD

Post by TheUrbanRoo »

Groundbreaking officially today!
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Re: 3rd & Grand to be redeveloped as TOD

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langosta
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Re: 3rd & Grand to be redeveloped as TOD

Post by langosta »

bspecht wrote: Thu Apr 25, 2024 2:23 pm Yesterday* 😉 https://www.instagram.com/p/C6MK_gULNvX/

Some details, Copaken joined the team via CBC: https://www.us.jll.com/en/newsroom/kc-m ... res-equity
Rockefeller provided equity
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Re: 3rd & Grand to be redeveloped as TOD

Post by DMNBT_RCJH »

langosta wrote: Thu Apr 25, 2024 3:03 pm
bspecht wrote: Thu Apr 25, 2024 2:23 pm Yesterday* 😉 https://www.instagram.com/p/C6MK_gULNvX/

Some details, Copaken joined the team via CBC: https://www.us.jll.com/en/newsroom/kc-m ... res-equity
Rockefeller provided equity
At the pref level of the stack?
langosta
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Re: 3rd & Grand to be redeveloped as TOD

Post by langosta »

DMNBT_RCJH wrote: Thu Apr 25, 2024 7:48 pm
langosta wrote: Thu Apr 25, 2024 3:03 pm
bspecht wrote: Thu Apr 25, 2024 2:23 pm Yesterday* 😉 https://www.instagram.com/p/C6MK_gULNvX/

Some details, Copaken joined the team via CBC: https://www.us.jll.com/en/newsroom/kc-m ... res-equity
Rockefeller provided equity
At the pref level of the stack?
I believe it’s the fund in this article. But I know because of chit chat and a few name drops in hard to find but public sources.
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