City of Kansas City

Twin Creeks Village infrastructure breaks ground

The North Platte Purchase Drive, Line Creek Parkway, and North Tiffany Springs Road improvements broke ground yesterday in Kansas City, MO.

McClure, MD Management, Superior Bowen, and the City of Kansas City are working together to complete an infrastructure project that will open up the adjacent ground for development opportunities within the Twin Creeks Village area.

“With today’s transportation infrastructure groundbreaking, the City of Kansas City, Missouri will see opportunities for growth in population, property tax base, and sales tax,” said Alicia Stephens, executive director of the Platte County EDC.

“Our Northland TIF’s do exactly what is intended—fund our infrastructure," Stephens said.

The project, led by MD Management, consists of an extension of Line Creek Parkway and Tiffany Springs Road, North Platte Purchase Drive improvements and sanitary sewer extensions throughout the area. These improvements will facilitate the development of a new sports complex, future development of Platte County R-3 School District facilities, as well as new commercial and residential development areas.

"This project has been a long time coming, and it’s good to finally see it kick-off,” said Councilman Dan Fowler. “I’m very excited about the opportunities it will bring, not only to the Northland, but to the entire city,” Fowler added.

“Today, we are taking steps to bring positive enhancements to this community,” said Erika Feingold, VP of MD Management. “We are fortunate to be able to form a productive public/private partnership with the City to produce an area that will be home to educational, recreational, and commercial endeavors,” Feingold said.

This is the first step towards the full realization of the Twin Creeks Plan, the largest planned growth area in Kansas City.

West Bottoms’ first micro apartment project moves forward

Cleveland-based developer has secured $52 million in financing for its West Bottoms Flats multifamily project, clearing another hurdle in its effort to redevelop five historic warehouse buildings into so-called micro apartments.

The $66 million redevelopment includes 265 one-room apartments plus structured parking and more than 5,000 square feet of commercial space. Grandbridge Real Estate Capital LLC and Brown Gibbons Lang & Co. LLC facilitated the finance package on behalf of MCM Co. Inc.

With an average footprint of about 600 square feet, micro apartments-or microflats- are considered the next frontier in multifamily housing. Designed to appeal to Millennials, the units are self-contained living spaces that include a kitchenette, sitting space, sleeping space, and bathroom. With completion targeted for 2020, West Bottoms Flats apartments are expected to rent for between $1,000 and $1,200 a month.

“The target market is young professionals who desire smaller units at a lower price point in a heavily dense, urban community with strong neighborhood amenities and connectivity,” said Doug Bates, Grandbridge vice president for the Kansas City market. “The concept is relatively new to Kansas City, but other Midwestern cities have a seen a great deal of deliveries and success with this concept.”

Situated on 2.4 acres between Ninth Street and St. Louis Avenue, Hickory and Wyoming streets, West Bottoms Flats is the first historic multifamily project in the West Bottoms neighborhood just west of Downtown Kansas City and the first metro-area project for MCM Co. Inc.

“Given its linkages to and the strong demand drivers in the neighboring River Market, Downtown, and Crossroads markets, the West Bottoms is well positioned to be the up and coming urban lifestyle community in Kansas City,” Bates added.

The financing package includes more than $24 million in federal and state historic tax credits equity secured through partners Enhanced Capital and Historic Equity Inc., as well as a $31.85 million senior construction loan and $20 million historic tax credit bridge loan. Project lenders include Kansas City-based Blue Ridge Bank & Trust, Jefferson City-based Hawthorn Bank, and Ohio-based Huntington National Bank.

A variety of incentives and abatements were secured through programs administered by the City of Kansas City and Jackson County, Missouri.

Pendleton Flats lifts housing options for Paseo Gateway

The $4.5 million Pendleton Flats apartment community officially opened on Wednesday, adding 30 modern, amenity-rich apartment units at affordable rent rates in the Paseo Gateway neighborhood on Kansas City's east side.

“The development itself is a gorgeous turnaround for a formerly partially vacant, blighted apartment complex in Pendleton Heights,” said Brinshore Development LLC President David Brint. “Pendleton Flats has excellent access to job centers, transportation, cultural institutions, parks and amazing housing stock within a stone’s throw of downtown.”

The three-building complex at 555 Olive St. replaces the former crime-ridden Brooklyn Heights complex and represents a safe, family-friendly housing option with amenities such as on-site management, bike racks, an intercom entry system, central AC, private balconies, in-unit washer/dryer, dishwasher, secure and off-street parking and Energy Star appliances. 

Chicago-based Brinshore Development served as master developer, with support from local partners including the  Housing Authority of Kansas City; Affordable Housing of Kansas City, Inc.; Kansas City, Missouri; United Way; and Local Initiatives Support Corporation (LISC)4Sight Construction Group served as general contractor, and Rosemann & Associates PC provided consulting services.

Pendleton Flats is the first project associated with a $30M federal housing grant received by the City of Kansas City, Missouri in 2015. Brinshore and HAKC will break ground over the next year on three additional replacement housing projects in the Paseo Gateway neighborhood, which covers almost one-square mile and includes approximately 4,800 residents. 

Local dignitaries such as City Manager Troy Schulte, and Kansas City councilmen Quinton Lucas, Jermaine Reed and Scott Wagner attended the grand opening, as well as Housing Authority Kansas City leaders Donovan Mouton and Ed Lowndes.

The development was designed and constructed to comply with the Enterprise Green Communities Certification standards, which aim to help improve health, economic and environmental benefits to residents.

 

Developers and local dignitaries celebrated the opening of the Pendleton Flats apartment complex in the Paseo Gateway neighborhood on Oct. 25. 

Developers and local dignitaries celebrated the opening of the Pendleton Flats apartment complex in the Paseo Gateway neighborhood on Oct. 25. 

AIA-KC names Helix as firm of the year

AIA-KC names Helix as firm of the year

On Tuesday night, the Kansas City chapter of the American Institute of Architects named Helix as the 2016 Firm of the Year. The award is a symbol of extraordinary leadership in advancing the cause of architecture and its role in improving the quality of the built environment.