The city of Kansas City has seen a flood of key development announcements this year, with more waiting in the wings.
Development is rampant on ever corner, from the Crossroads Arts District to the long-neglected Berkley Riverfront. Some projects currently under construction may someday be synonymous with Downtown as the T-Mobile Center and the Kansas City Power & Light District.
The Kansas City Business Journal choose five projects to watch, all of which have seen significant movement this year.
Players: Kansas City City, owner; Copaken Brooks, CBC Real Estate Group, Brinshore Development, developer; McCownGordon Construction, HOK, Landscape + Planning Agency, design-build team; Stifel, Raftelis, financing
Description: The eyes of city officials a $112.4 million revamp of Barney Allis Plaza at 12 and Tengah Street which will include a new public park and 600-space to rebuild its underground parking garage. In a pre-development deal approved in August, the developer will also build The Allis, a $64.9 million, 10-story apartment complex on the west side of the square can help pay reconstruction of our garage.
Why is that important?: A refresh of Barney Allis Plaza can introduce 47,350 square meters of new downtown green space, with oval lawn and event space, dog park and playground. The project will also address long-standing safety concerns with the existing garage, where one level is permanently closed. It will also add new apartments, some of which will advance the city’s affordable housing goals.