Corrigan Station

Avenue Logistics moves to KC Crossroads

Avenue Logistics, a Chicago-based freight brokerage logistics company, will soon be relocating from Overland Park, KS to the Crossroads in Kansas City, Missouri.

Avenue Logistics is the latest in a growing list of “new-to-downtown” companies attracted to developments like 3D Development, whose tenants include Hollis + Miller, Holmes Murphy, Card Connect, and WeWork.

The firm will be moving in the fourth quarter of 2019 into the recently completed historic renovation at 215 E 18th Street, now named 18McGee.

Formally known as the Interstate Securities Building, it was originally built in the 1950’s to finance automobile purchases in the automotive district in the Crossroads. After Interstate Securities, it was owned and operated by the Kansas City Star, which was headquartered across the street.

“When we were looking for our new offices, we wanted a vibrant environment that appeals to our team,” said Brad Jerwick, vice president at Avenue Logistics.

18McGee is part of a five-building renovation that includes the restoration and renovation of the Historic Kansas City Star properties. When finished, Grand Place will include a 30,000 SF European-style market, restaurants, coffee house, spa and approximately 250,000 SF of signature office space.

“With everything happening in the Crossroads and the renovation of this building and all the amenities planned across the street at Grand Place, we believe this is a strategic way to use real estate to attract and retain team members,” Jerwick said.

Joining Avenue Logistics at 18McGee is Working Spaces, an office interiors and contract furniture business with offices across the midwest. Working Spaces will use the entire first floor as a showroom and design studio.

The top floor at 18McGee is still available, with a total of 6,000 SF that can be divided in sections as small as 2,000 SF.

Among the amenities in the building is 3D Development’s signature roof top patio, which provides great views of Grand Place and downtown.

“The gravity of the Crossroads is moving east at a much quicker pace than we ever anticipated,” said Tim Schaffer, president of AREA Real Estate Advisors.

“The building is attracting interest because of its walkability to bars and restaurants that continue to proliferate East Crossroads; also (because of) the anticipated historic renovation of the Kansas City Star building and all the amenities that are planned for this block,” Schaffer said.

From offices to co-working spaces, restaurants and event spaces, 3D has attracted several new companies to the KC downtown market. Projects include On Broadway, The Creamery, Corrigan Station, 18 McGee and the historic renovation and repositioning of the former KC Star headquarters, now known as Grand Place.  To learn more visit: dream-design-develop.com.


Academy Bank's new flagship retail banking hits KC Crossroads

Academy Bank, a full-service community bank and wholly-owned subsidiary of Dickinson Financial Corp., is opening a new flagship retail banking center and home office in KC's Crossroads Arts District.

The new branch, located at 1881 Main Street, comprises 4,214 SF of the first floor of the stand-alone building adjacent to Corrigan Station and plans to offer a full range of personal, business and commercial banking services.

“Kansas City’s Crossroads Arts District is anchored by its eclectic, creative spirit. As a dedicated member of this vibrant community, we’ve designed Academy Bank in the Crossroads to be a collaborative, inviting environment that embraces the future of banking,” said Paul Holewinski, president and CEO of Academy Bank.

As part of its new approach to community banking, the Crossroads branch shares an outdoor courtyard space with neighboring businesses including The Roasterie and WeWork Kansas City. Community conference rooms and comfortable workspaces with free WiFi can be reserved at no charge by area businesses and organizations.

In addition to smart ATM and mobile services, Academy Bank in the Crossroads will offer the latest in banking technology with walk-up video banking that offers personal face-to-face service. With the touch of a screen, customers can speak with a video banker to help with most banking services with the convenience and flexibility of extended banking hours, seven days a week (8 am to 10 pm Mon - Fri; 8 am to 5 pm Sat; and 11 am to 4 pm Sun).

By the end of this year, Academy Bank also will introduce Academy Express - an innovative, drive-thru video banking and ATM service — also in the Crossroads Arts District. Academy Express will connect drive-up customers to a live banker outside of traditional banking hours, seven days a week.

This year, Academy Bank plans to open retail banking centers in Lenexa, KS. and the Northland in Kansas City, MO. In August, the bank opened a new retail banking center in Overland Park, KS.

Academy Bank ranked third on the Kansas City Business Journal’s list of the “strongest large banks in 2018” with a loan portfolio growth of 22.2%. The $1.5 billion-asset bank has 20 branches in the Kansas City bi-state region, making it the seventh-largest bank based in the Kansas City metropolitan area.

Downtown reuse, suburban build-to-suit and coworking trend dominate MWM Office Summit

Downtown adaptive reuse projects, suburban build-to-suit, and the explosive coworking trend are among bright spots in the Kansas City regional office market, according to panelists at MetroWireMedia's 2017 Office Summit on June 6 at The Grand Hall at Power & Light.

The redeveloped Corrigan Station project along the new Downtown streetcar line is considered the poster child for successful adaptive reuse projects in the region. Developed on a speculative basis by Copaken Brooks, Corrigan Station reached full occupancy within months of opening with the announcement that national coworking company WeWork would join Hollis + Miller Architects in the historic Crossroads building.

“Downtown is very authentic, and that’s the kind of environment that people want,” said Copaken Brooks Principal Jon Copaken. “So we will continue to be focused on the city center where people can move and use nearby amenities.”

While the tech-friendly vibe of Downtown and the Crossroads Arts District continue to attract creative relocation and expansion projects, the suburban office market-- driven by medical office demand-- is gaining momentum of its own.

“The interesting phenomena here is that we are all excited about what’s going on Downtown and the coworking opportunities, but demand for office space in the suburbs is still robust,” said Suzanne Dimmel, director at Cushman & Wakefield. “There’s up to 4 million square feet of planned office space in the suburbs currently on the horizon.”

Rick Baier, principal with CBC Real Estate Group, also sees opportunity in suburban office market development because of speed to market: “It’s hard for me to invest three or four years in a redevelopment project in the urban core," Baier said.

Whether urban core redevelopment or suburban build-to-suit, a key driver for companies continues to be access to amenities and technology investments demanded by the Millennial workforce.

“Millennials want a sense of place and a sense of culture. A lot of us just coming out of college want a campus environment. Being in a place where that is available is huge,” said JE Dunn Construction’s Jon Dandurand, the panel’s self-proclaimed resident Millennial.

Helix Architecture + Design Principal Erika Moody agreed that the rising Millennial workforce continues to drive design trends, but that’s not necessarily a bad thing.

“What they are charging us with is a better work environment. They want the ability to take a break from work but also have a place for private focus. These aren’t necessarily things that relate to one generation or another. It is about how we each recharge,” Moody said. “And with a lot of the trends that we are seeing, if the Millennials are getting us outside and offering more access to amenities, I am all for that.”

Gerald Smith, founder of Kansas City coworking company Plexpod, served as guest speaker for the 2017 Office Summit. Matt Eckert of CBRE also served as a panelist.  

Check out the event slideshow below. All photos courtesy of Jacia Phillips, ArchPhotoKC

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.