Waddell & Reed - 14th & Baltimore

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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normalthings
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Re: Companies moving downtown

Post by normalthings » Wed Dec 04, 2019 5:05 pm

normalthings wrote:
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
Project advances to full council next week. The mayor's office supposedly worked with W&R on the deal and is in support. Public commentary was not supportive. However, Ellington did really not ask any dumb questions this time. In fact, I would say his questions were almost good.

missingkc
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Re: Companies moving downtown

Post by missingkc » Wed Dec 04, 2019 6:30 pm

Is it customary to release sketches when developers go to council?

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Re: Companies moving downtown

Post by jasty5 » Wed Dec 04, 2019 7:18 pm

All buildings on the parcel are being demolished. Also I forgot to mention that rendering shows I-670 as a park... building looks to be about 15 stories and fills most of the parcel.

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TheLastGentleman
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Re: Companies moving downtown

Post by TheLastGentleman » Wed Dec 04, 2019 8:03 pm

If we finally get the highway cap, the IBM building will be a worthy sacrifice

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normalthings
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Re: Companies moving downtown

Post by normalthings » Wed Dec 04, 2019 9:35 pm

missingkc wrote:
Wed Dec 04, 2019 6:30 pm
Is it customary to release sketches when developers go to council?
It depends when the developers go to council - Copaken did with Strata. In this case, the tenant went to council and is still in the process of selecting a developer. I’d expect that to be what renderings are contingent on.

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Re: Companies moving downtown

Post by DColeKC » Wed Dec 04, 2019 10:22 pm

normalthings wrote:
Wed Dec 04, 2019 9:35 pm
missingkc wrote:
Wed Dec 04, 2019 6:30 pm
Is it customary to release sketches when developers go to council?
It depends when the developers go to council - Copaken did with Strata. In this case, the tenant went to council and is still in the process of selecting a developer. I’d expect that to be what renderings are contingent on.
Do I understand this correctly? WR will find a developer who will construct and own the building. WR will lease it for a minimum of 15 years?

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normalthings
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Re: Companies moving downtown

Post by normalthings » Wed Dec 04, 2019 10:23 pm

DColeKC wrote:
Wed Dec 04, 2019 10:22 pm
normalthings wrote:
Wed Dec 04, 2019 9:35 pm
missingkc wrote:
Wed Dec 04, 2019 6:30 pm
Is it customary to release sketches when developers go to council?
It depends when the developers go to council - Copaken did with Strata. In this case, the tenant went to council and is still in the process of selecting a developer. I’d expect that to be what renderings are contingent on.
Do I understand this correctly? WR will find a developer who will construct and own the building. WR will lease it for a minimum of 15 years?
Yes. WR has one selected but everything is still being finalized (very close though) per their counsel.

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normalthings
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Re: Companies moving downtown

Post by normalthings » Thu Dec 05, 2019 10:46 am

normalthings wrote:
Wed Dec 04, 2019 10:23 pm
DColeKC wrote:
Wed Dec 04, 2019 10:22 pm
normalthings wrote:
Wed Dec 04, 2019 9:35 pm


It depends when the developers go to council - Copaken did with Strata. In this case, the tenant went to council and is still in the process of selecting a developer. I’d expect that to be what renderings are contingent on.
Do I understand this correctly? WR will find a developer who will construct and own the building. WR will lease it for a minimum of 15 years?
Yes. WR has one selected but everything is still being finalized (very close though) per their counsel.
Burns & Mac and Financial Holdings Corp. are the developers.

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Re: Companies moving downtown

Post by Highlander » Thu Dec 05, 2019 11:36 pm

Little surprise that the KC Star is pissing all over the Waddel Reed incentives. An empty lot with a vacant building cannot be making that much of a contribution to the KC tax base.

https://www.kansascity.com/opinion/edit ... 50754.html

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Re: Companies moving downtown

Post by langosta » Thu Dec 05, 2019 11:39 pm

Highlander wrote:
Thu Dec 05, 2019 11:36 pm
Little surprise that the KC Star is pissing all over the Waddel Reed incentives. An empty lot with a vacant building cannot be making that much of a contribution to the KC tax base.

https://www.kansascity.com/opinion/edit ... 50754.html
I’m not surprised that they don’t get the numbers behind this deal. If they were good at finance they wouldn’t be going bankrupt.

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normalthings
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Re: Companies moving downtown

Post by normalthings » Fri Dec 06, 2019 12:15 am

Traffic Control Permit was denied on 12/4. It sounds like this was partially due to no planned pedestrian walks.
Denied: Based on City Hall Meeting on 12/04/2019, provide updated traffic control drawings and updated closure times which include two-way directional traffic for surrounding streets and 5' wide pedestrian walkways for demolition phase of project. Burns and McDonnell - 1400 Baltimore
New Traffic Control Permit was filed on 12/5.
Closing parking lane and sidewalk on NB Wyandotte from 14th St to 170' South building a covered sidewalk in the parking lane for pedestrian traffic.

Closing parking lane, sidewalk, and part of EB 14th from Wyandotte to Baltimore splitting traffic in WB with one direction each way with 12' lanes for traffic and building a covered walkway for pedestrian traffic in the parking lane of EB 14th

Closing parking lane and sidewalk on SB Baltimore from 14th to Truman building a covered walkway for pedestrian traffic in the parking lane of Baltimore pushing SB traffic into NB splitting NB one direction each way with 2 12' lanes for traffic

Start Date: 12/09/2019
End Date: 02/01/2020
Pre-Demolition Permit Inspection from this week notes a need for sidewalk closure permit before demo can proceed.

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Re: Companies moving downtown

Post by KCPowercat » Fri Dec 06, 2019 8:05 am

Push me over with a feather.

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Midtownkid
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Re: Companies moving downtown

Post by Midtownkid » Fri Dec 06, 2019 9:18 am

I hope they are covering the face with anything besides glass that matches the Light buildings...and no fake limestone panels either. Make it stand out a bit please!!

Also, I really hope this garage podium is not exposed to the sidewalk. I would have to see a dead zone all around the block, especially facing the Power and Light lobby!

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Re: Companies moving downtown

Post by flyingember » Fri Dec 06, 2019 9:41 am

It will be the ugliest artificial yellowish tan panels and they'll mix in blue glass and brick veeneer just to mess with people

horizons82
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Re: Companies moving downtown

Post by horizons82 » Fri Dec 06, 2019 9:42 am

It’d be quite easy to have the garage entry off of Wyandotte and, given the grade change, leave 14th and Baltimore as active use of either retail or lobby.

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Re: Companies moving downtown

Post by flyingember » Fri Dec 06, 2019 9:59 am

horizons82 wrote:
Fri Dec 06, 2019 9:42 am
It’d be quite easy to have the garage entry off of Wyandotte and, given the grade change, leave 14th and Baltimore as active use of either retail or lobby.
Keep in mind Wyandotte is frequently closed because of conventions. The city would need to be willing to change their processes here before it's seen as easy to do.

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Re: Companies moving downtown

Post by horizons82 » Fri Dec 06, 2019 10:21 am

Wyandotte’s closure policy is going to have to be modified anyway given that they located the hotel Porte Cochere and one of the garage entries off of it. Given how the city has bent over backwards for W& R with incentives, I’m not sure why they’d fight them on a Wyandotte garage entry if they wanted it.

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KCDowntown
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Re: Companies moving downtown

Post by KCDowntown » Fri Dec 06, 2019 1:52 pm

The development plan permit for the Waddell & Reed HQ went into Compass today. Unfortunately, no attachments or rendering yet...

KCDowntown

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Re: Companies moving downtown

Post by KCPowercat » Fri Dec 06, 2019 3:10 pm

I've asked before but never get an answer. Anybody know if companies.csn post attachments but not have them publicly visible? If so who decided if that is allowed?

nickyrosstheboss
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Re: Companies moving downtown

Post by nickyrosstheboss » Fri Dec 06, 2019 3:29 pm

Well the anticipation better be worth it! "skyline changing"

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