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PostJan 27, 2022#1451

Recently, the anti-development, anti-incentive, pro-affordable housing crowd has been on a scorched earth path in terms of new development. They got Mac Properties large development at Main and Armour killed (which would've included 77 affordable housing units) and now are trying to stop Lux Living's Katz project just a few blocks south. The same group was also against the new office tower at 27th and Main and had a fit when those incentives were approved. Now they'll likely throw another tantrum when Northpoint Development reveals their plans for the Park Reserve Property at 31st and Main (which will almost certainly request incentives).

With these folks, it seems like they want developers to develop entirely affordable housing without a single incentive (which makes zero logical sense, but could make sense if you don't know money or property management works). Some of these advocates want all housing to be free (because why not). If they're successful killing any more housing developments, like if they somehow kill the Katz, then they should be held directly responsible for the subsequent rise in housing costs as supply will not meet demand. 

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PostFeb 10, 2022#1452

Kansas Statehouse just approved a hiuge incentive package of $1 billion in tax breaks to land 4000 jobs outside of topeka without even knowing the name of the company

https://www.enr.com/external_headlines/ ... 1021934J9T

TOPEKA, Kan. (AP) — Kansas legislators signed off Wednesday on the state's largest-ever taxpayer-funded incentives to attract thousands of new jobs even though most didn't know the name of the company or what it plans to make.

The incentives would exceed $1 billion . The measure also cuts corporate income tax rates.

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PostFeb 10, 2022#1453

dredger wrote:
Feb 10, 2022
Kansas Statehouse just approved a hiuge incentive package of $1 billion in tax breaks to land 4000 jobs outside of topeka without even knowing the name of the company

https://www.enr.com/external_headlines/ ... 1021934J9T

TOPEKA, Kan. (AP) — Kansas legislators signed off Wednesday on the state's largest-ever taxpayer-funded incentives to attract thousands of new jobs even though most didn't know the name of the company or what it plans to make.

The incentives would exceed $1 billion . The measure also cuts corporate income tax rates.
At least it’s not directed at poaching another KCMO business. Other city in consideration for this plant is Tulsa but they’re not offering up a massive incentives package of this scale.

In other job news, auto tech company ProMax will relocate its Iowa HQ to KC later this year and will initially lease 30k sqft of space at 2555 Grand Blvd near Crown Center. The company ultimately plans to create around 600 jobs. Out of state tech jobs moving downtown. This needs to be a priority.

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PostFeb 10, 2022#1454

^ I wonder if this a semiconducter plant and or another EV related plant, battery or assembly.  I believe a number of Companies are still trying to select locations in these industries.  Or maybe a commercial plane endeavor.?? 

The reality is that each state has to play this game going forward if they want to land a big fish with promises of big number of employees..   Some projects whether it be petro and steel have logistic & market considerations but even then the company simply plays off each state on a regional basis.  

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PostFeb 10, 2022#1455

Lux Living has disclosed initial renderings for its Berkley Riverfront project. A step in the right direction for density.

(Beware paywall) https://cityscenekc.com/renderings-post ... t-project/
46B8FC59-2439-4BD3-ABC3-2E5270245CAA.jpeg (217.1KiB)
B24FD846-A717-4D99-A147-5ADDE62B6D79.png (1.79MiB)

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PostFeb 11, 2022#1456

I herby grant Kansas City all of the LuxLiving portfolio. Please. Take it.

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PostFeb 11, 2022#1457

Is that a Butler building in the background?

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PostFeb 11, 2022#1458

chris fuller wrote:
Feb 11, 2022
Is that a Butler building in the background?
white box in the back is a separate development called "CORE". 

https://www.corekc.com

PostFeb 18, 2022#1459

KCI New Terminal:



Model Hold Room





Model of a gate counter:



Installing the last pieces of glass. This photo is of the Delta Sky Club .




Boarding Bridges are 1-2 months away from installation:






New floor incorporates elements from Terminal A






International arrivals hall.


PostFeb 21, 2022#1460

Bi-State coalition announced plans for a new transit and redevelopment corridor.


The Bi-State Sustainable Reinvestment Corridor plans to target federal funding for zero-emissions transportation, including electric buses, expanded KC Streetcar and bus service, and bicycle and pedestrian infrastructure; affordable and energy-efficient housing; green infrastructure, like urban trees, charging stations for electric vehicles and stormwater upgrades; improvements to broadband access; public-safety technology, like an additional Shot Spotter and license-plate readers; economic development, including workforce training and child care; and improvements to the energy efficiency for schools and public libraries.

Cleaver's office said the comprehensive plan would create nearly 85,000 jobs and substantially improve the quality of life for nearly 91,000 residents who live within a half-mile of the corridor.

The Corridor has been endorsed by the Mid-America Regional Council, Kansas City Area Transportation Authority and RideKC, according to a release from Cleaver’s office. Those scheduled to speak are the two Democratic members of congress who represents the region — Rep. Emanuel Cleaver of Kansas City and Rep. Sharice Davids of Kansas’ 3rd District — and Jackson County Executive Frank White, Independence Mayor Eileen Weir and Tyrone Garner, the newly elected mayor of Kansas City, Kan. Robbie Makinen, the CEO of the Kansas City Area Transportation Authority, is also set to make remarks at the event


Read more at: https://www.kansascity.com/news/politic ... rylink=cpy




Map: 24 miles from Village West to Independence. This is a seperate project/route than the East/West transit study announced in 2021



https://www.kshb.com/news/local-news/federal-local-tout-comprehensive-plan-for-federal-infrastructure-dollars

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PostMar 01, 2022#1461

4 surprising housing markets where home prices have actually fallen
  1. Kansas City, Missouri, down 0.7%
Known for its barbecue, jazz heritage and sports teams like the Kansas City Chiefs, Kansas City Royals and the MLS team Sporting Kansas City, Kansas City has been called Paris of the Plains because it has more boulevards than any other city except Paris. The reason prices are declining, according to Ratiu, is that “new listings have been growing for seven of the past 12 months on a year over year basis, adding inventory to the market.”
“It helps to think of each metro area as their own housing market, with unique features, populations, trends and supply and demand patterns. Though the majority may be seeing low supply and high demand pushing prices higher, that isn’t the case in every local market,” says Elizabeth Renter, a data analyst at NerdWallet. For this reason, buyers can find homes lingering on the market for weeks or months and showing price discounts. “In many cases the homes may need remodeling or the price may not match the local market fundamentals,” says Ratiu

 (msn.com)

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PostMar 02, 2022#1462

Not sure where this data on home prices is coming from, but that is not accurate at all.  Last year, average price increased 10% to 310k.  And they are currently up 11.3% YOY:

https://www.noradarealestate.com/blog/kansas-city-real-estate/

And here is data from the National Association of Realtors, which may be one of the most reliable sources.  It shows prices up 17.6% from last year:

https://cdn.nar.realtor/sites/default/files/documents/metro-home-prices-q4-2021-single-family-2022-02-10_1.pdf

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PostMar 02, 2022#1463


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PostMar 02, 2022#1464

Right, I saw the clickbait article. They don't site the source of their data, but whatever it is, it's highly inaccurate and zero actual research was put into this list.

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PostMar 03, 2022#1465

^Yeah I don't know of anyone whose property values decreased but rather have significantly increased.  As have my properties.

PostMar 03, 2022#1466

KC metro kicks off 2022 with high multi-family permits.  For January, most in the Midwest and top 20 in US.  All metros can vary wildly per month but that is high for KC Januaries.



https://www.census.gov/construction/bps ... 202201.xls

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PostMar 07, 2022#1467

413 Delaware in the River Market
A small, and very narrow, piece of grassy land will be replaced by this 6-story infill building. Plans say there will be parking in the basement, retail on the first floor (and 2 hotel rooms), a 14 room hotel on the second and third floors. Floors 4 and 5 will be 1 apartment/condo unit each and the 6th/top level will be an amenity with outdoor pool. Facade materials are brick, metal panel, concrete, and glass. Gould Evans is the architect. Classical Developments is the developer. 



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PostMar 12, 2022#1468

ldai_phs wrote:
Jan 15, 2022
Google Data Center - Kansas City Northland: 

Google acquired more land at the Hunt Midwest Business Center in December and now owns 315 acres there. Google's plans for a data center were first announced in 2019.  It was then reported that the first phase would cost $600 million to construct with future phases totaling up to $25 billion. Port KC incentives have already been approved for this project.

https://www.bizjournals.com/kansascity/news/2021/12/17/google-shalerock-data-center-northland-land-sale.html

Golden Plains Technology Park - Kansas City Northland:

Infrastructure and groundwork has started on Phase 1 (Project Velvet) of this data center complex. The tenant has not been identified but is rumored to be Facebook.

The full complex is 5.5 million sqft across 766 acre data center complex at the far north end of Kansas City, Missouri. Construction started in 2021 and is expected to wrap up in 2032. Developed by Diode Ventures and Constructed by Burns & Mac. Kansas City, MO approved revenue bonds of up to $103.7 billion last year. 
Facebook/Meta will become the first tenant starting with 2-4 buildings in Northland KCMO tech park, which apparently may become one of largest data center complexes globally (13+ buildings planned, about 6-7M sqft).   And the same developer filed proposal with KCMO to develop another tech park nearby with 5 more buildings with room to grow.  Add the planned Google site and KC may fairly quickly become a top tier data center market.  With Oracle acquiring Cerner, maybe they'll jump in with Oracle Cloud DCs as well at Bannister site (nearly same size at Google 300 acre site).  All of these sites are within KCMO city proper and will generate a decent tax base after incentives period is over, for the state too.

PostMar 14, 2022#1469

^Oracle and Twitter now rumored to be looking at KC for data centers too.

A CBRE study claims for each $1B invested in DCs it's economically equivalent to scoring a 1700 employee HQ.  Even if overstated, KCMO is on a path for many $Bs of DC investments.  Other studies claim 4-5 indirect jobs for every direct DC job (sources: 1 and 2), perhaps average of 3 additional indirect jobs if reports overstated (as industry shill reports often are).  Taxes on the equipment upgrades over life of DC tend to have a bigger economic impact.

STL area could get a piece of this too given MO now offers DC incentives but might need someone with a vision and initial capital to kickstart it.  KC has Black&Veatch/Diode Ventures kickstarting things by allocating/prepping land and arranging all the construction/utility infrastructure needs.

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PostMar 23, 2022#1470

10th and Main TOD Update
Edgemoor Infrastructure and Real Estate was the chosen winner for the 10th and Main RFP. They envision a 20+ floor tower with 200 apartments (70% market rate and 30% affordable), 30,000sf of office space (for RideKC and the KCATA), and retail space. Since this is on the streetcar line, no parking is included at this time but it could show up elsewhere (like off site). Cost is $100 Million and Gould Evans is the architect. If all goes well, construction could begin in the spring of 2023 and wrap up in 2025.

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PostMar 23, 2022#1471

Great looking project.  Even with the trolley access I'm shocked (in a positive way) at the no parking inclusion. 

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PostMar 24, 2022#1472

TheWayoftheArch_V2.0 wrote:
Mar 23, 2022
Great looking project.  Even with the trolley access I'm shocked (in a positive way) at the no parking inclusion. 
Makes sense it includes no parking for a number of reasons. Biggest is that it’s across the street and next door to two large, and under utilized, parking garages.

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PostMar 24, 2022#1473

Got it, that definitely makes sense.  Sadly, I cynically feel an STL developer would still put a garage/podium on it. 

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PostMar 24, 2022#1474

Meta, Facebook’s parent company, plans to invest $800 million in a 1 million-square-foot data center. Facebook officials, city leaders and Missouri Gov. Mike Parson planned to make the announcement at Union Station on Thursday. “Meta is excited to call Kansas City our new home. It stands out with so much to offer — good access to infrastructure and fiber, a strong pool of talent for both construction and operations, and more than anything, great community partners,” Darcy Nothnagle, the company’s director of community and economic development, said in a news release. “Meta is committed to being a good neighbor and investing in the long-term vitality of the region for years to come.”
Tenant for Phase 1 of Golden Plans was officially announced as Facebook/META. 



Read more at: https://www.kansascity.com/news/busines ... rylink=cpy

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PostMar 24, 2022#1475

chriss752 wrote:
Mar 23, 2022
10th and Main TOD Update
Edgemoor Infrastructure and Real Estate was the chosen winner for the 10th and Main RFP. They envision a 20+ floor tower with 200 apartments (70% market rate and 30% affordable), 30,000sf of office space (for RideKC and the KCATA), and retail space. Since this is on the streetcar line, no parking is included at this time but it could show up elsewhere (like off site). Cost is $100 Million and Gould Evans is the architect. If all goes well, construction could begin in the spring of 2023 and wrap up in 2025.
Stunning building.  Really incredible to see the development happening along the street car line, and no parking is a huge surprise for a midwestern city development that isn't Chicago.

Is there any clear cut reason why KC is seeing so much high profile development all throughout their midtown/downtown area and along the street car?  STL has had some great projects lately but KC seems to be a step up in terms of quantity of projects that really increase urban fabric/density.

If STL laid out a streetcar line I'm not sure we'd see the same level of enthusiasm from developers building right along it.

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