River Market

New $25 million spec creative office building heading to River Market

Epoch Developments has announced that they plan to move forward with a $25 million spec office building on what is now a surface parking lot at the northwest corner of Third and Delaware in downtown KC's River Market.

The transit-oriented development project is proposed as a 64,000 SF, five-story building and will house office and restaurant space.

“This project will accelerate the transformation of Delaware into a diverse destination district,” said Craig Slawson, Epoch Developments founder. “This has long been a vision of ours and we’re excited to add a work component to the mix.”

Slawson said it’s important that the new structure complement the surrounding historical buildings, so plans include features and building materials that form a cohesive aesthetic for the street.

While still in the pre-leasing stage, the project is seeking a best-of-breed, locally owned and managed restaurant as well as a potential fitness club on the first floor. Floors two through five will be commercial space, and a possible floor six will have a penthouse suite with rooftop venue open to the public. Parking will be available underground.

Epoch, known for rescuing vintage buildings to convert and activate lifestyle communities in the urban core, currently owns 22 vintage buildings that are designed and/or operational and 3 acres of infills in Wichita, Kansas, and Kansas City, Missouri. Kansas City is home to 20 of the buildings, representing an investment of over $40 million. In Wichita, Epoch owns three warehouse-to-apartment conversions.

Project partners include Slaggie Architects and Catalyst Ventures. Construction is projected to begin in the fourth quarter of this year and be complete in late 2020.



Delaware Street Project developer adds Plexpod, promises more announcements

The addition of co-working concept Plexpod to the Delaware Street Project in the River Market is central to Epoch Developments’ overall strategy as it builds a walkable, creative district along the KC Streetcar line just north of I-70.

“Plexpod’s unique collaborative co-working community is exactly the type of tenant we’re hoping to attract,” Epoch Developments Founder Craig Slawson explained. “You can’t just lay products on the table and expect someone to be sucked into the space. You have to have something interesting to help curate a better experience for everyone.”

Co-working is one leg of a three-legged stool required for successful community activation and livelihood, according to Slawson, who lives in Denver but has long-standing family ties to the River Market area. The other legs of the stool are bars/restaurants and merchants.

Epoch owns 10 of the 18 street-facing buildings on historic Delaware Street and is about halfway through the redevelopment process. Slawson expects to make several new announcements by the end of the year-including an occupant for a streetcar donated by the City and tenants for existing storefront space and new construction.

Plexpod's new 8,000+ square foot space located on the first and second floors of 510 Delaware will open in December and be the company's fourth metro-area location, according to a release. 

“We see River Market and namely Delaware Street as one of the leading emerging hot spots of amenities, which is ideal for our Plexpod member community,” said Gerald Smith, founder and CEO. "This new facility will be another great collaboration location for Plexpod member-companies across the metro to access and enjoy.”   

Plexpod facilities in The CrossroadsWestport and Lenexa offer 16 types of work styles ranging from open desks and collaborative workspaces to private offices and team spaces. The concept features meeting rooms, photography studios and performance theaters as well as personal amenities including outdoor space, social events and fitness options.

531 Grand apartment project in River Market nears kickoff

Block Real Estate Services and Omaha-based Cornerstone Associates LLC are getting ready to officially begin construction on a new 140-unit apartment project in the River Market. A ceremony on April 6th at 10 a.m. will mark the official start of construction.

The development consists of a mix of studio, one- and two-bedroom units with a 140-stall parking garage. On the ground floor of the building, the developer is planning for 10,000-square-feet of retail space with frontage along Grand Boulevard. The lobby entrance to the building will run along Missouri Ave. on the north facing side of the building.

Amenities for the project include a private outdoor swimming pool and patio space on top of that parking garage. It will also have a fitness center, club room, and private balconies.

The Planned Industrial Expansion Authority has stamped its approval on an incentive package for the developers that will include a 15-year property tax abatement. For the first 10 years, the project will receive a 100 percent tax abatement, but will pay $12,000 annual payments in lieu of taxes during that time. In the remaining 5 years, the project will get a 50 percent abatement.

The project team includes NSPJ Architects as architect, Taliaferro & Browne as engineer, and Lund Ross Construction as general contractor.