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    Posted on Fri, May. 02, 2008 10:15 PM

    Park Reserve Condominiums: Grand opening during Urban Tour

    
Park Reserve Condominiums sits on a hill overlooking Penn Valley Park and Liberty Memorial. The condominiums were once part of the Trinity Hospital south campus.
    Park Reserve Condominiums sits on a hill overlooking Penn Valley Park and Liberty Memorial. The condominiums were once part of the Trinity Hospital south campus.

    The new Park Reserve Condominiums includes buildings and land that were once home to the Trinity Lutheran Hospital south campus, situated on a hill overlooking downtown Kansas City, south of Crown Center and west of Main Street. During the Urban Tour today and Sunday, homebuyers have their first opportunity to see this new community developed by the same team that brought The View Condominiums to downtown Kansas City.

    The complex consists of several multistory structures that will be completely renovated and are surrounded by the trees and greenery of Penn Valley Park and Liberty Memorial. The first phase building, Yosemite Condominiums, has a 25-year property tax abatement. Plans call for surface parking for owners and guests, as well as what the developer described as a massive seven-tier covered parking garage.

    Park Reserve is spread over 7.6 acres with green space and a private drive. It is one block west of 31st and Main streets, adjoining the new Federal Reserve complex.

    Yosemite Condominiums was built in 1970 at the northeast end of the complex. It has 24 units in a six-story building with interior and exterior exposed brick. “The luxurious two-bedroom condos have two balconies in every unit, which is a rare find in the urban core,” said Tamara Teuscher, director of marketing and sales.

    The Yosemite condos will range from 735 square feet to 926 square feet, not including the full balcony and cigar balcony attached to each condo. Prices range from $141,900 to $169,900. Each phase-one condo will have exposed brick walls, granite counters, stainless steel appliances, new hardwood floors, washer and dryer hookups, elevator, storage units and surface parking next to the building with additional available covered garage parking. Pets are welcome.

    Models are open for the Urban Tour today and Sunday. Agents will be available and reservations will be accepted on remaining units.

    “This one-of-a- kind gated community in the urban core will have the most amenities of all condos in Kansas City,” Teuscher said. The amenities include indoor and outdoor pools, sauna, modern fitness center, large screen theater, two hot tubs, massage room, tanning bed, salon, homeowner party kitchen, putting green, basketball court, guest parking, surface as well as garage parking, underground tunnels from the main entrance under Baltimore Street to the parking garage with two elevators and security surveillance.

    “Check out our square-foot prices, most amenities for any Kansas City condominium and 25-year property tax abatement,” Teuscher said. “But most of all, the spectacular view of downtown Kansas City, Crown Center, Liberty Memorial and beyond.”

    The 25-year tax abatement offered on Yosemite Condominiums means for the next 10 years homeowners will pay no property taxes, then will pay 50 percent of property taxes for the following 15 years, through 2033. “This is a huge savings for the current owner, or for future owners, and is transferable if he/she should decide to sell the property to another within the next 25 years,” Teuscher said. “An undeniably superb investment.”

    The new Federal Reserve building and landscaped lawns are adjacent to Park Reserve. Also nearby is the Rehabilitation Institute of Kansas City. Don Harkins, president and CEO, said, “The Institute has been in existence since 1968. We are very excited with the plans by the developer for this conversion to condos. This project will complement the Institute and bring residents and vitality back to the 31st/Main Union Hill District.”

    To the north of Park Reserve is a new walkway that runs from Main Street to Penn Valley Park, with its spacious dog park and walking paths. “This is a great place to socialize your dog, let your dog run and play and enjoy the wonderful green surroundings, yet still be living in the urban core,” Teuscher said.

    With the Power & Light District and the Sprint Center now open, restaurants such as Bristol Seafood Grill, Gordon-Biersch Brewery, Vivino Italian Restaurant and McFadden’s Sports Bar are a few minutes from the Park Reserve Condominiums. “Crown Center is a short walk for dinner and a convenient stroll back home,” Teuscher said. “The Sprint Center will offer nearby entertainment for you and your guests. The Crossroads District is growing to 50 art galleries, 70 retailers and restaurants, making Park Reserve Condominiums ‘closer to everything, far from ordinary’.”

     

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