KCRag Forum

KCtoBrooklyn wrote: ↑Fri Oct 25, 2019 3:49 pm Do we know for sure that these projects are connected, besides being in the same Freighthouse PIEA area?

Developer Vince Bryant plans to launch an ambitious redevelopment plan for the Freight House District by renovating the former Superior Moving & Storage buildings at 2020 Walnut into office space.
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When fully built out, the estimated value of the investment could reach $350 million, according to a report prepared for the Planned Industrial Expansion Authority.
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The first project he plans to pursue is the renovation of the Superior buildings into an office project he is calling “The Podium.” A redevelopment plan is expected to be introduced to the PIEA by March, and construction could begin before the end of 2020.
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earthling wrote: ↑Tue Dec 31, 2019 10:31 am Good to see more specifics but still seems like a weak proposal with no financing details.

KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)

Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.

There's a new rendering in the document as well.

KCDowntown

normalthings wrote: ↑Tue Mar 10, 2020 7:01 pm

KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)

Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.

There's a new rendering in the document as well.

KCDowntown

Unfortunate to see that shift. Other buildings seem extremely full with high rents. Arterra’s listings on leasing websites also made it sound a lot fuller.

dukuboy1 wrote: ↑Wed Mar 11, 2020 8:34 am It's a shame that the vertical size has gone done at a loss of units. The rendering still looks good and should fit in well with neighboring buildings.

I think a nice compromise might be around 10 stories and about 200 units. But I guess it's better to maybe play it safe & beuild a project that has best case to get & stay leased, which makes the overall area better and willing for more developers to come in with new ideas & projects.

Not that this area of town is lacking for development

KCPowercat wrote: ↑Wed Mar 11, 2020 12:35 pm I'm more excited about the amenities discussed that the number of units or heights with this project. I wouldn't want to live next to the tracks.

Chris Stritzel wrote: ↑Mon Mar 16, 2020 2:22 am Same design, just shorter. Still a good project in my opinion

normalthings wrote: ↑Tue Mar 10, 2020 7:01 pm

KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)

Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.

There's a new rendering in the document as well.

KCDowntown

Unfortunate to see that shift. Other buildings seem extremely full with high rents. Arterra’s listings on leasing websites also made it sound a lot fuller.

KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)

Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.

There's a new rendering in the document as well.

KCDowntown

normalthings wrote: ↑Sat Apr 11, 2020 1:01 pm

KCDowntown wrote: ↑Tue Mar 10, 2020 4:06 pm New Advance KC document related to this project - it looks like it went from 12 stories to 7 (5 stories of apts over 2 of garage). The owner of the land, 3D Development, will give the land to Greystar Development in exchange for 150 parking spaces for 2101 Broadway, presumably opening up space for a new project elsewhere in the Freight House District as mentioned before in this thread)

Project now has 150 units - down from 250 - at $2.35 a sqft rental rate excluding the 10% of affordable units. The document also mentioned occupancy challenges at Arterra which is 34% unoccupied.

There's a new rendering in the document as well.

KCDowntown

An amendment to 22nd & Main TIF Plan for a 150 unit apartment building and 300 space garage was introduced to the council this week.

A TIF redevelopment agreement for the project is before the TIF Commission as well.