Development
Council Abruptly Revises $140M Waddell & Reed Deal, Delays Vote
By Kevin Collison The Kansas City Council abruptly changed the terms of the $140 million Waddell & Reed headquarters development deal Thursday, injecting last-minute uncertainty to a project that’s expected to bring 1,000 well-paid jobs to downtown. In a substitute amendment introduced during the Council meeting, a 15-year, 75 percent property tax abatement that was…
Public Garage Plan Revived at 12th & Broadway, Land Deal Back Before Council
(Updated: The City Council Finance Committee endorsed the purchase agreement for the proposed garage site at its meeting today (Dec. 11) and the matter is scheduled to be considered by the full Council tomorrow) By Kevin Collison A plan to build a city parking garage at 12th and Broadway that was narrowly defeated last month…
Riverfront Affordable Housing Plan Denied Tax Credits, Lack of Mayoral Support Cited
By Kevin Collison A $15 million affordable apartment development proposed for the riverfront is floundering after being rejected for federal low-income tax credits, partly because it lacked the mayor’s support, according to Port KC officials. The 75-unit Bridgeside Lofts project proposed by Prairie Fire Development is planned for a site near Berkley Riverfront Park controlled…
High-Rise Apartment and Hotel Development Proposed Near Kauffman Center
By Kevin Collison An ambitious $100 million redevelopment plan that calls for three high-rise apartment and hotel buildings to be built across Broadway from the Kauffman Center is being pursued by Mashburn Development. The proposal calls for two residential buildings, one seven stories, the other 12 stories, totaling 220 units, and a 12-story hotel with…
Waddell & Reed Chooses 14th and Baltimore for $140M HQ Project
(Updated Dec. 10: A preliminary development review plan filed last Friday with the City Planning Department by Burns & McDonnell indicates the proposed Waddell & Reed headquarters building would be 18 stories tall. The plan states the building would consist of eight stories of office on top of a 10-story, 951-space garage. The garage also…