Development
City Manager Optimistic FAA Will Lift River Market Height Restrictions
By Kevin Collison A cloud that’s overshadowed development in the River Market is expected to be lifted next week when city leaders meet with federal aviation officials about height limits that have been hindering projects there. City Manager Brian Platt is optimistic that what he describes as a high-level meeting with officials from the Federal…
Mac Opens First Building at 340-Unit Project at Troost and Armour
By Kevin Collison The Westover, the first of what will be a four-building, 340-unit development at each corner of Armour and Troost, opened last month at 1108 Armour and its leasing “velocity” has its developer revved up. “We’re seeing strong demand for a good, new construction project,” said Peter Cassel, director of community development for…
Pennway Point Entertainment Plan Gains Access to Vital Parking
By Kevin Collison The developer of the proposed Pennway Point entertainment district, a project near Union Station that includes a 170-foot Ferris wheel, won critical approval this week that opens access to hundreds of parking spaces vital to the development’s success. The City Plan Commission endorsed a request to transfer half of the Jefferson street…
Big Plaza-Area Apartment Project Wins Plan Commission Backing
By Kevin Collison The proposed 4711 Belleview apartment development took a big step forward this week when the City Plan Commission unanimously approved rezoning for the project located about two blocks west of the Plaza. “We are very pleased about the community support and approval by the Plan Commission,” said Brandon Buckley of Lane4 Property…
KCATA Backs Two Big Transit-Oriented Apartment Projects
By Kevin Collison The KCATA has jumped into transit-oriented development in a big way, approving bonds this week for two apartment projects totaling $190 million that could receive up to a 75 percent property tax reduction over 20 years. The board accepted what it describes as a public-private partnership with Northpoint Development, which is proposing…
Developer Hopes New Apartment Design Eases Plaza Bowl Concerns
By Kevin Collison A big apartment project proposed on Belleview near the Country Club Plaza is challenging Plaza Bowl height restrictions, but the developer believes its more refined design should mollify potential critics. Lane4 Property Group’s plan for a 338-unit project at 4711 Belleview is scheduled to be considered by the City Plan Commission Aug….
Long-Term Economic Impact of KC Current Stadium Estimated at $1.24B
By Kevin Collison The planned KC Current women’s soccer stadium on the riverfront is anticipated to generate a $48.8 million annual economic impact to the city by 2025 and prompt construction of 500 more apartments, according to a consultant report. The study prepared by Victus Advisors, a national sports market research firm, was presented to…
KC Streetcar Extension Reshapes Midtown Real Estate Market
By Annie Jennemann Flatland The KC Streetcar extension along Main Street isn’t just about moving people – it’s about creating a new framework for development in Midtown. “We have certainly noticed a major increase in interest in developing in the area, which is totally to be expected,” said Kevin Klinkenberg, executive director of Midtown KC…
Aines Dairy Loft Project on Gillham Begins, Summer 2023 Opening
By Kevin Collison The redevelopment of the historic Aines Dairy building at 3130 Gillham Rd. into 50 lofts with a potential grocer at street level is underway and the developer anticipates an opening next summer. Exact Partners began pursuing the $12 million project in spring 2021 and it received a chilly reception when its request…
Planned Apartment Project at Third and Grand Grows to 102 Units
By Kevin Collison Oak Properties has tweaked the former Ashland apartment development planned for Third and Grand across from the City Market, adding eight units and halving the amount of retail space. Andrew Ganahl, a representative for Oaks Properties, the Minneapolis-based developer, said construction is expected to begin late this year at the development site…