State historic tax credits are a good investment

It’s that time of year when Missouri's historic tax credit program is under fire again in Jefferson City, but their critical value continues to be proven in Kansas City with the recently approved Folgers and Argyle apartment redevelopments.

Crossroads Academy in downtown Kansas City wants to expand

The Kansas City Tax Increment Financing Commission is being asked Wednesday to support a request for $5.5 million in TIF assistance to help the charter school at 1015 Central St. purchase and renovate the Uhlmann Building next door at 1009 Central. If successful, the fast-growing school hopes to have 270 students enrolled a year from now.

New apartments are coming in old Garment District warehouse

A 110-year-old warehouse is reopening as a loft-style apartment project featuring a light sculpture cascading the depth of its eight-story atrium. The former Burnham-Hanna-Munger Manufacturing Co. building at 323 W. Eighth St. has been transformed into Lucas Place Lofts. The first residents of the 130-unit building are expected to begin moving in March 1.

Kutak Rock law firm will move to Two Pershing Square

It has leased 33,000 square feet at 2300 Main St. and plans to relocate its 50-employee local office from 1010 Grand Blvd. The law firm, based in Omaha, has 38 attorneys in Kansas City along with support staff and has been steadily growing.

Former Benchmark furniture complex in Olathe will be redeveloped

NorthPoint Development acquired the two buildings totaling 400,000 square feet and plans to redevelop them as a Class A business park, although the smaller, 160,000-square-foot structure may be used for retail. The buildings have been empty since Benchmark Home Furnishings closed in 2006.

Plan to demolish historic West Armour buildings is rejected

Mac Property had asked the Kansas City Board of Zoning Adjustment to overturn a decision by the City Historic Preservation Commission that supported saving the buildings at 100-118 W. Armour Blvd but was denied in a 5-1 vote. Mac wanted to replace them with a new apartment project.

Hopeful outlook for Kansas City office market in 2014

Inside the metropolitan area — no surprise here — the Country Club Plaza remains the hottest office market with a 13 percent vacancy rate and rents around $24 per square foot. Southern Johnson County followed with just under $22 per foot and 14 percent vacancy. Downtown renters paid an average of just under $17 per foot.

New KCI maintenance operation moves forward

Aviation Technical Services will sign off Feb. 1 on its lease for its 600-employee aircraft maintenance center at the Super Hangar facility at Kansas City International Airport and plans to begin operations by April.

Big Overland Park mixed-use project City Place moves forward

The blend of apartments, offices and retail space was endorsed unanimously by the City Planning Commission. The $350 million development proposed by BK Properties covers a 93-acre parcel southwest of College Boulevard and U.S. 69 and a 44-acre section northeast of College and Nieman.

New apartments planned for Old Hyde Park

Local developer John Hoffman is planning a $3 million 23-unit apartment building at 37th Street and Gillham Road in Kansas City that is intended to offer a contemporary alternative to the historic rehab projects nearby on Armour Boulevard.

Proposed AdvanceKC incentive policy looks familiar

The second half of the new AdvanceKC economic development overhaul package is on the agenda this week at City Hall, and its goals include another stab at reversing more than a half-century of disinvestment in the inner city. Important goals indeed, but will the proposal actually make a difference?