Waddell & Reed - 14th & Baltimore

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
User avatar
smh
Hotel President
Hotel President
Posts: 3369
Joined: Tue Jun 08, 2010 10:40 pm
Location: Central Loop

Re: Companies moving downtown

Post by smh » Tue Dec 03, 2019 10:16 am

kenrbnj wrote:
Tue Dec 03, 2019 9:25 am
The redevelopment of this block is crucial to assure continuity between the new hotel and P&L district.

If you were alone, at 11PM; would you consider walking down Baltimore Avenue from P&L to the hotel?

The fact the IBM building is abandoned -- with a crappy streetscape? Put a belgian in the boiler room.
Agree with KCP, you need to get out more. Sure the IBM building would better with life in it, but it is a pretty weak argument that this single block, bookended thriving apartments and hotels is somehow so sketchy that people will avoid walking it. Silliness.

User avatar
FangKC
City Center Square
City Center Square
Posts: 14311
Joined: Sat Jul 26, 2003 10:02 pm
Location: Old Northeast -- Indian Mound

Re: Companies moving downtown

Post by FangKC » Tue Dec 03, 2019 1:39 pm

You are also assuming that the IBM Building couldn't be renovated for a smaller firm, and have a new structure wrapped around it on the remaining block which wouldn't have to be a tower.

User avatar
smh
Hotel President
Hotel President
Posts: 3369
Joined: Tue Jun 08, 2010 10:40 pm
Location: Central Loop

Re: Companies moving downtown

Post by smh » Tue Dec 03, 2019 3:10 pm

FangKC wrote:
Tue Dec 03, 2019 1:39 pm
You are also assuming that the IBM Building couldn't be renovated for a smaller firm, and have a new structure wrapped around it on the remaining block which wouldn't have to be a tower.
Which, perhaps that's what is going to happen....

User avatar
normalthings
Penntower
Penntower
Posts: 2149
Joined: Mon Mar 30, 2015 9:52 pm

Re: Companies moving downtown

Post by normalthings » Tue Dec 03, 2019 6:00 pm

FangKC wrote:
Tue Dec 03, 2019 1:39 pm
You are also assuming that the IBM Building couldn't be renovated for a smaller firm, and have a new structure wrapped around it on the remaining block which wouldn't have to be a tower.
I would think that would add quite a bit of complexity to the construction process.

User avatar
FangKC
City Center Square
City Center Square
Posts: 14311
Joined: Sat Jul 26, 2003 10:02 pm
Location: Old Northeast -- Indian Mound

Re: Companies moving downtown

Post by FangKC » Tue Dec 03, 2019 6:47 pm

No more complex than building Town Pavilon next to the Boley and Harzfeld buildings.

User avatar
TheLastGentleman
Alameda Tower
Alameda Tower
Posts: 1189
Joined: Tue Jun 13, 2017 9:27 pm

Re: Companies moving downtown

Post by TheLastGentleman » Tue Dec 03, 2019 7:03 pm

If we can’t build next to existing buildings then we have some problems

User avatar
normalthings
Penntower
Penntower
Posts: 2149
Joined: Mon Mar 30, 2015 9:52 pm

Re: Companies moving downtown

Post by normalthings » Tue Dec 03, 2019 7:32 pm

FangKC wrote:
Tue Dec 03, 2019 6:47 pm
No more complex than building Town Pavilon next to the Boley and Harzfeld buildings.
Except that these parcels are on different levels.

I’m not saying this isn’t possible - I just don’t think they gain much if anything for the additional cost and complexity.

User avatar
FangKC
City Center Square
City Center Square
Posts: 14311
Joined: Sat Jul 26, 2003 10:02 pm
Location: Old Northeast -- Indian Mound

Re: Companies moving downtown

Post by FangKC » Tue Dec 03, 2019 7:47 pm

If you remove the parking garage and then take down that rock outcropping behind it, you would have a level L-shaped site. One could do that without disturbing the old IBM Building. One could have built the old Power & Light Tower on its' footprint on the west side of that parcel and not disturbed the IBM Building.

https://tinyurl.com/vkep85f

The IBM Building probably needs to go so they can build more parking garage space.

I'm kind of puzzled as to why Waddell & Reed would chose a site next to the interstate trench as opposed to say several other prime sites. It's not even a site where they could have exposed signage atop their building,since it would be blocked in most directions. Maybe they don't intend signage.

horizons82
Strip mall
Strip mall
Posts: 211
Joined: Thu Mar 17, 2016 8:41 am

Re: Companies moving downtown

Post by horizons82 » Tue Dec 03, 2019 8:59 pm

normalthings wrote:
Tue Dec 03, 2019 7:32 pm
I’m not saying this isn’t possible - I just don’t think they gain much if anything for the additional cost and complexity.
Especially when the defining features of the IBM building are easily recreated or referenced to in a modern design. Spandrel grid glazing, slanted canopies, and stacked stone ain’t exactly rare or expensive to build new.

Don’t get me wrong I’ll miss the building if it does go. That said, it’s tough for a building like that to prove its worth to a developer/business owner.

User avatar
FangKC
City Center Square
City Center Square
Posts: 14311
Joined: Sat Jul 26, 2003 10:02 pm
Location: Old Northeast -- Indian Mound

Re: Companies moving downtown

Post by FangKC » Tue Dec 03, 2019 9:54 pm

horizons82 wrote:
Tue Dec 03, 2019 8:59 pm
normalthings wrote:
Tue Dec 03, 2019 7:32 pm
I’m not saying this isn’t possible - I just don’t think they gain much if anything for the additional cost and complexity.
Don’t get me wrong I’ll miss the building if it does go. That said, it’s tough for a building like that to prove its worth to a developer/business owner.
And yet two similarly-sized office buildings have gone up in the last couple of years.

Image

Image

horizons82
Strip mall
Strip mall
Posts: 211
Joined: Thu Mar 17, 2016 8:41 am

Re: Companies moving downtown

Post by horizons82 » Tue Dec 03, 2019 10:09 pm

It’s not just a massing or square footage issue. It’s about fitting parking on the site (unfortunately), modern building code retrofit requirements, remediation costs, structural layouts, ceiling clearances, on and on.

jasty5
Parking Garage
Parking Garage
Posts: 47
Joined: Tue Aug 27, 2013 11:16 pm
Location: Hyde Park, KC

Re: Companies moving downtown

Post by jasty5 » Wed Dec 04, 2019 11:34 am

I've seen a rendering on this, initial look is that it looks interesting. Some stacking elements to it similar to how Strata is massed. Car entrance looks to be on Baltimore, some rooftop terraces. Also, not much engagement along I-670. Overall I think it looks like a positive addition.

User avatar
normalthings
Penntower
Penntower
Posts: 2149
Joined: Mon Mar 30, 2015 9:52 pm

Re: Companies moving downtown

Post by normalthings » Wed Dec 04, 2019 11:46 am

jasty5 wrote:
Wed Dec 04, 2019 11:34 am
I've seen a rendering on this, initial look is that it looks interesting. Some stacking elements to it similar to how Strata is massed. Car entrance looks to be on Baltimore, some rooftop terraces. Also, not much engagement along I-670. Overall I think it looks like a positive addition.
Still 15 floors? If so, is the taller side on Wyandotte?

langosta
Strip mall
Strip mall
Posts: 211
Joined: Mon May 27, 2019 4:02 am

Re: Companies moving downtown

Post by langosta » Wed Dec 04, 2019 12:03 pm

jasty5 wrote:
Wed Dec 04, 2019 11:34 am
I've seen a rendering on this, initial look is that it looks interesting. Some stacking elements to it similar to how Strata is massed. Car entrance looks to be on Baltimore, some rooftop terraces. Also, not much engagement along I-670. Overall I think it looks like a positive addition.
I imagine we won’t hear more until incentives get approved. Does anyone know what the status is with those?

User avatar
normalthings
Penntower
Penntower
Posts: 2149
Joined: Mon Mar 30, 2015 9:52 pm

Re: Companies moving downtown

Post by normalthings » Wed Dec 04, 2019 12:21 pm

FangKC wrote:
Tue Dec 03, 2019 7:47 pm
If you remove the parking garage and then take down that rock outcropping behind it, you would have a level L-shaped site. One could do that without disturbing the old IBM Building. One could have built the old Power & Light Tower on its' footprint on the west side of that parcel and not disturbed the IBM Building.
Permits show that the IBM building is going.

https://compasskc.kcmo.org/EnerGov_Prod ... 955d30864

User avatar
TheLastGentleman
Alameda Tower
Alameda Tower
Posts: 1189
Joined: Tue Jun 13, 2017 9:27 pm

Re: Companies moving downtown

Post by TheLastGentleman » Wed Dec 04, 2019 12:34 pm

R.I.P

User avatar
normalthings
Penntower
Penntower
Posts: 2149
Joined: Mon Mar 30, 2015 9:52 pm

Re: Companies moving downtown

Post by normalthings » Wed Dec 04, 2019 4:25 pm

Wadell and Reed’s selection of 14th and Baltimore is official.

WR Rent - $55 sqft per year: $42 sqft + o/m expenses of $13 sqft. iirc, Strata is now hoping to average $32 sqft. This should truly be a trophy property for the region.

Scope - 250k sqft of office


https://www.bizjournals.com/kansascity ... cifQ%3D%3D
Last edited by normalthings on Wed Dec 04, 2019 4:53 pm, edited 6 times in total.

User avatar
smh
Hotel President
Hotel President
Posts: 3369
Joined: Tue Jun 08, 2010 10:40 pm
Location: Central Loop

Re: Companies moving downtown

Post by smh » Wed Dec 04, 2019 4:40 pm

Looking forward to a rendering of this project. At the moment I feel strangely unmoved when I feel like I should be very excited for downtown office development.

nickyrosstheboss
Pad site
Pad site
Posts: 82
Joined: Thu May 19, 2016 4:22 pm

Re: Companies moving downtown

Post by nickyrosstheboss » Wed Dec 04, 2019 4:40 pm

I agree. Release the rendering!

langosta
Strip mall
Strip mall
Posts: 211
Joined: Mon May 27, 2019 4:02 am

Re: Companies moving downtown

Post by langosta » Wed Dec 04, 2019 5:03 pm

3 new office towers going up next to each other should surely drive leasing at Three and Four Light.

Post Reply