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PostApr 16, 2019#451

I’m undecided on renegotiating. I agree that things have changed. However, we shouldn’t reneg promises made to a firm that took such a great risk on us.

$17 million in incentives for a $130 million project(3 Light) is certainly a lower incentive level that Ballpark Village 2


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PostApr 16, 2019#452

BPV Phase 2 included a lot more than one garage and some apartments, not at all an equal comparison LOL. I still have some friends that work for KCMO, maybe I'll see if they can get me a total of how much the city has spent on P&L. Decades of $15 million in debt payments every year, plus subsidies for One and Two Light and an additional $17 million for Three Light. On top of all that remember the Strata developers have asked for $63 million in incentives thus far for that office tower. That nearly equals the incentives for a residential tower, office building, hotel and retail structure included in BPV Phase II. Oh, and the City of St. Louis didn't guarantee the bonds so they're not on the hook.

I don't agree with the giveaways KC has been doling out, especially as of late considering things seem to be going well here, and I'd bet the vast majority of non-downtown folks are on my side there. Anyway, I'm done with this, we're just arguing in circles now. I don't come to UrbanSTL to argue with Kansas City people, I get enough of that in real life. Have a good rest of your day.

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PostApr 19, 2019#453

A few updates

1. Cordish Light Towers: One Light is at 3% vacancy and Two Light is at 4%. Three Light is full steam ahead with groundbreaking expected later this year (opening 2021). Three Light will consist of 300 units with a price tag of $130million.

2. Rumors abound from a slew of sources that Target will be opening up shop in Lightwell (formerly City Center Square, a 1978 SOM designed office tower). 

PostApr 22, 2019#454





Loews has pretty much reached its final height.

Photo Creds: LastGentleman and HCasgoine

PostMay 01, 2019#455

1. KCI Terminal A parking garage has started to come down. (Photo From Monday)

PostMay 01, 2019#456

L2. City Club Apartments (Former Hotel Midwest)

This project is absolutely massive.








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PostMay 01, 2019#457

^ Bout time.  I flew out of KCI the weekend before last and was craning my neck to see if anything significant had begun, but could only really see that the old big red "A" sign was gone.  Nice to see some real demolition finally happening.

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PostMay 01, 2019#458

3. Loews Convention Hotel - Topping out Ceremony was held today.












PostMay 01, 2019#459

4. 1800 Walnut (Reverb) - 14 stories



PostMay 01, 2019#460

5. Three Light Luxury Apartments - Design Documents are close to being finalized. Three Light project will break ground this year with a 2021 opening. The project will be 300 unites, ~30 floors, and iirc $130million. At one point, a few drawings floated around that showed Three Light’s and Two Light’s amenity decks connected via a wide, open air, connector.

Two Light is at 4% vacancy and One Light is at 3% vacancy. 

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PostMay 01, 2019#461

^ Any particular reason these couldn't have been combined into one post?  Repetitive posts are against site rules.

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PostMay 01, 2019#462

The Mayor wrote: ^ Any particular reason these couldn't have been combined into one post?  Repetitive posts are against site rules.
Believe me, I tried to make a single mega post. The website isn’t letting me post anything of length.Is a mod able to condense my posts into one?

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PostMay 01, 2019#463

^ Hmm, that's odd.  Could be a glitch with the newer design.

@walker 

Out of curiosity is there a length limit on posts?

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PostMay 02, 2019#464

Not to my knowledge, but I’ll look into it.

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PostMay 02, 2019#465

I've been seeing "Visit KC" ads on a lot of Metrobus buses lately. 

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PostMay 02, 2019#466

Trololzilla wrote: I've been seeing "Visit KC" ads on a lot of Metrobus buses lately. 
That doesn't surprise me.  There's been a bit of press over here lately about expanding the marketing budget for VisitKC (apparently they spend the least on marketing compared to other peer cities) and trying to go bigger now that there are all these hotel rooms coming online.  The VisitKC chief has already said downtown is largely overbuilt with hotels.  Especially with the nearly 1,000 room Lowes about to come online, though I do think that will play well with the convention center next door.  I think I read that KC's overall hotel occupancy rate is about 66% when mid 70s is considered healthy.  I'm sure they're running similar ads in lots of cities, trying to get the word out.

I think the St. Louis CVC runs similar ads on CTA trains and buses in Chicago, and I would assume other cities.  Though I've never seen any around KC.

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PostMay 04, 2019#467

Structural Steel going up at City Club Apartments.

PostMay 07, 2019#468

The latest TIF Meeting packet has a new project on the agenda called Tracks 215.(Page253-296)

This project calls for a 9-story 250-unit apartment building atop a 3-story parking podium located on the surface lot located southwest of the intersection of 22nd and Wyandotte. Here's the streetview on Google Maps.




Project Description:
-$98 Million project
-Luxury apartment building built to compete with REVERB, Arterra, 2 & 3 Light
-60 micro apts, 165 1bd apts, 25 2bd apts
-Ground floor lobby/reception area/living room/gaming area/fitness center
-400 unit garage for residents and 2101 Broadway office tenants. (1 spot per apartment)
-10% of units (25 micros) leased at $1,100 to qualify as affordable units
-Rooftop kitchen
-Construction start January 2020, complete in Spring 202
- 3D Development and Greystar are developing the project. JEDunn will construct.







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PostMay 21, 2019#469

Tower crane is going up at REVERB (1800 Walnut) - adjacent to the streetcar.

Photo by Rick Usher


PostMay 28, 2019#470

1. Children's Mercy Research Tower: Hospital Hill




New Night Time Rendering:



2. City Club Apartments: Crossroads/ KC Streetcar Adjacent






A few of the original renderings for those who may have forgotten about this project.



PostJun 02, 2019#471

A good KCRAG photo of a few of the cranes in downtown KC. This photo looks across the Crossroads over to Hospital Hill - Crown Center. I think we are down to 5 or 6 tower cranes downtown. Loews’ last crane should go down soon but cranes for Strata, Three Light, 3 Grand, and City Club will replace it shortly.



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PostJun 03, 2019#472

ldai_phs wrote: A good KCRAG photo of a few of the cranes in downtown KC. This photo looks across the Crossroads over to Hospital Hill - Crown Center. I think we are down to 5 or 6 tower cranes downtown. Loews’ last crane should go down soon but cranes for Strata, Three Light, 3 Grand, and City Club will replace it shortly.

3rd and Grand is definite due to the size and scale of that project, I just have my doubts that it will start. I doubt that the City Club will get a tower crane. Look's like they are doing fine without one, especially since the upper floors will most likely be wood framing. By the way, here are some renderings of some River Market project.
imageV06YHVEV.jpg (1.33MiB)

image6ZG208FJ.jpg (650KiB)

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PostJun 03, 2019#473

chriss752 wrote:
ldai_phs wrote: A good KCRAG photo of a few of the cranes in downtown KC. This photo looks across the Crossroads over to Hospital Hill - Crown Center. I think we are down to 5 or 6 tower cranes downtown. Loews’ last crane should go down soon but cranes for Strata, Three Light, 3 Grand, and City Club will replace it shortly.

3rd and Grand is definite due to the size and scale of that project, I just have my doubts that it will start. I doubt that the City Club will get a tower crane. Look's like they are doing fine without one, especially since the upper floors will most likely be wood framing. By the way, here are some renderings of some River Market project.
imageV06YHVEV.jpg
image6ZG208FJ.jpg
Those are some great photos! Do you have a link to the first one or know any more info?

I had heard from an involved party that City Club would eventually get a tower crane. The first phase is steel with concrete floors so that looks to be possible.



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PostJun 03, 2019#474

ldai_phs wrote:
Those are some great photos! Do you have a link to the first one or know any more info?

I had heard from an involved party that City Club would eventually get a tower crane. The first phase is steel with concrete floors so that looks to be possible. 
I found those here: https://www.loopnet.com/Listing/301-Del ... O/8130061/. I don't know how up to date they are. Hopefully City Club gets one but as we all know, things can change. 

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PostJun 03, 2019#475


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