The AT&T office building at 500 E 8th St is on the market and it sounds like a redevelopment plan may be coming together (and looking for incentives). The PIEA agenda for this week's meeting includes an item for conducting a blight study. I don't see any indication of the plan.
Resolution approving a Proponent Funding Agreement and authorizing preparation of a Qualification Analysis and General Development Plan for the proposed 500 East 8th PIEA Area.
Apart from government buildings, is this the only downtown building of any size put up in the '70s? What are thoughts on possible uses? Office? Residential? Server farm? Massive escape venue?
missingkc wrote: ↑Mon Jan 14, 2019 6:39 pm
Apart from government buildings, is this the only downtown building of any size put up in the '70s? What are thoughts on possible uses? Office? Residential? Server farm? Massive escape venue?
Wallstreet Tower (1974) and City Center Square (1977) come to mind.
Seems like a good spot for a hotel? It's a short walk to the North Loop streetcar stop and that parking ratio is low enough for modern hotel use.
I'm starting a new thread for this building, since AT&T is moving out, and the building is being sold.
AT&T Leaving Downtown, Selling Building; Prospective New Owner Plans Major Renovation
AT&T is shutting down operations at its 13-story downtown headquarters at 500 E. Eighth St., and has an agreement to sell it to a new owner who plans to redevelop the property.
Maxus Properties wants to purchase the 362,000 square-foot building that opened in 1973 and undertake a major renovation of the property, the Planned Industrial Expansion Authority board was told Thursday.
...
The PIEA board agreed to allow the developer to conduct a blight study and prepare a redevelopment plan in anticipation of applying for tax incentives to help finance the project.
The 1970s office building is located in a federal opportunity zone, a designation that would make companies locating there eligible for substantial federal tax incentives.
One of the ugliest buildings downtown, but says something that AT&T would rather move their downtown employees to Brookside(ish) rather than moving employees downtown. Maybe they had a sweet offer on the building.
kcjak wrote: ↑Fri Jan 18, 2019 3:59 pm
One of the ugliest buildings downtown, but says something that AT&T would rather move their downtown employees to Brookside(ish) rather than moving employees downtown. Maybe they had a sweet offer on the building.
Not remotely Brooksideish. The office is closer to Prospect than Troost.
It's distance from Brookside would be similar to saying Penn Valley Park is in the River Market
It could be they didn't want to spend the money for upgrading the systems and renovating the building.They have a fairly large campus at 63rd and Euclid.
DaveKCMO wrote: ↑Fri Jan 18, 2019 9:22 pm
This building is in the big Opportunity Zone. Are we betting on multifamily? Maybe mixes income?
It has big floorplates compared to a lot of the new office space we're building. Since we know how in demand larger floors are I'm betting it stays office space.
AT&T has a deal to sell 13-story HQ tower, leave Downtown for other KC site
...
A lawyer for Maxus told the board that the company plans to complete a major renovation of the building, but that it hasn't been determined whether the building will be reused as an office building or converted for residential use.
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Admiral Qozb LLC
4700 Broadway Ste 240
Kansas City, MO 64112
Corporation search reveals:
Admiral QOZB, LLC
104 Armour Road
North Kansas City, MO 64116
Type Limited Liability Company Charter No. FL001426602
Domesticity Foreign Home State DE
Registered Agent
Thomson, Robert B.
104 Armour Road
North Kansas City, MO 64116
Status Active
Date Formed 1/11/2019