1822 Main Redevlopment

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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TheLastGentleman
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Re: 1822 Main Redevlopment

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DaveKCMO
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Re: 1822 Main Redevlopment

Post by DaveKCMO »

Thankfully they cleaned it up a bit before the sale sign went up. It was really bad this summer.
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DaveKCMO
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Re: 1822 Main Redevlopment

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DaveKCMO wrote: Tue Oct 20, 2020 7:36 am Thankfully they cleaned it up a bit before the sale sign went up. It was really bad this summer.
$1,900,000

https://www.investcre.com/properties?fb ... jS6o-TtiC8
CrossroadsUrbanApts
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Re: 1822 Main Redevlopment

Post by CrossroadsUrbanApts »

Feels like the owners just took a ruler to the last several years' increase in land prices in the Crossroads and picked an asking price. 2013 is $50/foot for land, then by 2016 you are in the $70s, maybe $80s for the REVERB land in 2018, etc. So, eh, let's ask for $125/SF.

In the meantime, (1) political situation changed and you can't count on incentives (nor do I think they should), (2) residential and office development is in a mini-glut with lots of supply coming online and demand stagnant and (3) construction prices are through the roof due to the airport and general high level of construction activity. So even $80/SF feels like a stretch. Price should realistically be down from that. So I could see this sitting for a while at that price. Maybe somebody from out of town with too much money could make a crazy offer. ("Hey, I resemble that remark...")
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DaveKCMO
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Re: 1822 Main Redevlopment

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CrossroadsUrbanApts wrote: Wed Oct 21, 2020 2:38 pm So I could see this sitting for a while at that price.
What's another five years of break-ins?

¯\_(ツ)_/¯
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Chris Stritzel
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Re: 1822 Main Redevlopment

Post by Chris Stritzel »

DaveKCMO wrote: Tue Oct 20, 2020 3:50 pm
DaveKCMO wrote: Tue Oct 20, 2020 7:36 am Thankfully they cleaned it up a bit before the sale sign went up. It was really bad this summer.
$1,900,000

https://www.investcre.com/properties?fb ... jS6o-TtiC8
Rumor is that this is going under contract. I'm not sure who's putting it under contract. Website shows the price was reduced to $1,650,000. Whether the sale goes through here or not, I continue to hope for a higher density housing proposal here.
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normalthings
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Re: 1822 Main Redevlopment

Post by normalthings »

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14 floors. These renderings are nowhere near as nice as the Reverb ones and iirc Arterra. Must be pretty early or unsure if they can make it work.

https://cityscenekc.com/apartment-tower ... rossroads/
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beautyfromashes
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Re: 1822 Main Redevlopment

Post by beautyfromashes »

Won’t happen.
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normalthings
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Re: 1822 Main Redevlopment

Post by normalthings »

beautyfromashes wrote: Wed Nov 09, 2022 3:54 pm Won’t happen.
Neighorhood seems against
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Chris Stritzel
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Re: 1822 Main Redevlopment

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Why are they against it?
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normalthings
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Re: 1822 Main Redevlopment

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Chris Stritzel
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Re: 1822 Main Redevlopment

Post by Chris Stritzel »

Oh no. Now I see why people are against it
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DaveKCMO
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Re: 1822 Main Redevlopment

Post by DaveKCMO »

normalthings wrote: Wed Nov 09, 2022 3:56 pm
beautyfromashes wrote: Wed Nov 09, 2022 3:54 pm Won’t happen.
Neighorhood seems against
Nope. People who live directly across the alley -- about 20 feet from the proposed structure -- are concerned about impacts to views, parking access, and construction. These are my neighbors and they support density and more neighbors.

The rest of the neighborhood is a question mark since it was just made public today.

FWIW, I like the design and already submitted a letter of support for the Housing Trust Fund.
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TheLastGentleman
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Re: 1822 Main Redevlopment

Post by TheLastGentleman »

Looks ok to me. It would be nice to preserve the bank facade. I don’t think the strange blue color in the render is representative of real glass
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beautyfromashes
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Re: 1822 Main Redevlopment

Post by beautyfromashes »

It's a mirage. Copaken is known to throw these out there for some reason. Property marketing what "could be"! or stacking the number of projects they have "in process". It's a leprechaun.
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DaveKCMO
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Re: 1822 Main Redevlopment

Post by DaveKCMO »

beautyfromashes wrote: Wed Nov 09, 2022 5:10 pm It's a mirage. Copaken is known to throw these out there for some reason. Property marketing what "could be"! or stacking the number of projects they have "in process". It's a leprechaun.
For office, sure.
But his Crossroads residential record is solid: Two proposals, both constructed, now occupied, and sold.
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normalthings
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Re: 1822 Main Redevlopment

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Good to hear then. Dave is that retail along main?
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DaveKCMO
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Re: 1822 Main Redevlopment

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normalthings wrote: Wed Nov 09, 2022 5:17 pm Good to hear then. Dave is that retail along main?
Yes, two stalls (867 and 1084sf) in the concept I was provided.
WoodDraw
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Re: 1822 Main Redevlopment

Post by WoodDraw »

Looks good to me.

Also, downtown views changing isn't a valid reason to stop developments. I know it sucks for people that see a decrease in value, but that's life in the city.
earthling
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Re: 1822 Main Redevlopment

Post by earthling »

A two level garage part of project. Might actually be worth a 3 level garage if offering spaces to Michael's employees/customers and Copaken gets a deal for the surface lot to S of Michaels. Or some kind of mutually beneficial arrangement that gets rid of Michael's lot.

Another option would be Copaken develops Michael's lot into a few floors of apts with no garage, ground retail that Michaels can expand into with a grand corner entrance and the 1822 project has reasonable amount of parking for the two projects plus Michael's requirement.
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