Ever wonder how hard it is to buy a building in the heart of downtown Kansas City? Especially in a hot real estate market? Apparently to Wayne Reeder, “It was like robbing the bank.” although Wayne Reeder is ‘No Angel’ I do admire his curiosity. Photo Cred: KCBJ According to the KC Biz Journal while visiting his company… Read More ‘It was like robbing the bank’ – Wayne Reeder
Developers often reap better returns from building condos than from rental apartments. This is because condo prices are far more responsive to market moves than rents are, so in a strong market a developer can sell out of condos at rising prices faster than it would take to lease up an entire apartment building and… Read More Why Are Developers Not Building Condominiums Anymore???
Break Down: The project requires tax abatement and substantial tax incentives to be viable, according to the plan. The total public contribution adds up to more than $160 million, or more than 50 percent of the cost. The developers’ application says financing would also include $52 million in private equity, including $8.5 million from Hyatt,… Read More KC Convention Hotel Gets the Green Light from City Council
At first glance I was ecstatic for the proposed Largest Hotel Development in Downtown KC sine 1985. But, the headlines lately have made me skeptical. I am all for real estate development, and by many considered a conservative. However, from what i’ve read when a deal is bad for the city our journalist will let… Read More Downtown Convention Center Hotel, Off To Sketchy Start?
Tuesdays general election brought out a whopping 31,000 voters, which is unfortunately a new 40 year low. Results ended with a lot a familiar faces keeping their job, but there are some new incumbents. However, something all these city officials may be able to get behind is a complete renovation of KCI. The key focus… Read More KCI Airport Renovation Seems Destined After New Kansas City Council is Voted In
Mike Burke the runner up in the Kansas City Mayoral election is leading the charge to develop the $300 million, 800-room downtown convention center hotel. The site is planned for the northeast corner of Wyandotte and 16th Street, across the street from the Kansas City Convention Center and catercorner to the Kauffman Center of Performing… Read More Largest Hotel Development in Downtown KC Since 1985