The non-profit organization on Tuesday announced the purchase of a vacant building at 3732 Main St. that formerly housed an Office Max store. Kansas City Young Audiences plans to renovate the 18,000-square-foot building and move into the new space at the end of this year.
The Economic Development Corp. of Kansas City has selected 10 finalists for its 2016 Cornerstone Awards, which recognize investments in the city. The finalists will vie for four additional honors: lifetime achievement, innovation, and “made in KC,” and a new people’s choice category introduced this year. Voting is open online for the people’s choice award through May 10.
The Kansas City-based real estate investment trust said net income amounted to $48.2 million for the three months that ended March 31, up from $36.9 million in the same qurater in 2015. Revenue climbed 19 percent in the quarter to $118.8 million.
The vote designates an 18.4-acre site, generally between 27th and 30th streets and between Gillham Road and McGee Street, as blighted and in need of redevelopment. But the council was uncomfortable with the process, and opponents may mount a referendum to overturn the vote.
The 31-story Commerce Tower at 911 Main St. in downtown Kansas City is undergoing a $139 million renovation to reopen it as a combination of apartments, a university, an early learning center, offices, a bank and retail.
Kansas City’s Land Clearance for Redevelopment Authority approved a request for a 10-year, 100 percent property tax abatement to convert the historic New England Life office building to residential use.
The retail, office and residential center, at the northwest corner of Interstate 29 and Barry Road, is for sale. Eastdil Secured had the listing. It also was the listing agent for the Country Club Plaza, which recently sold for $660 million.
The airlines that use Kansas City International Airport tried to persuade the City Council and the public Tuesday that now is the time, and the price is right, to replace the existing three terminals with a new single terminal airport.
The Kansas City Aviation Department is undergoing a leadership change, as director Mark VanLoh is retiring and being replaced by Pat Klein. Klein has been the assistant city manager working with the department for several years. The change comes as the city is contemplating a possible airport election later this year.
The Unified Government of Kansas City, Kan., and Wyandotte County has sold its downtown Hilton Garden Inn to Fairwood Capital LLC, a Memphis, Tenn., real estate firm. The government also signed a five-year management agreement with Brancato Catering for the Reardon Convention Center.
Five Kansas City Council members visited Friday with top Southwest Airlines executives in Dallas about the airline’s preference for a new terminal at Kansas City International Airport. Some council members are still not convinced.
The group will be led by Mayor Pro Tem Scott Wagner and will include a broad cross section of water users and constituents. The first meeting is Tuesday from 4 to 6 p.m. at the KC Water Auditorium, 4800 E. 63rd St.
While airport and airline leaders recommend a new single terminal, Crawford Architects advocates saving and renovating the existing 43-year-old terminals. “It’s fixable, without turning our backs on that investment,” Stacey Jones, a partner in the firm, told about 70 people at the Plaza branch of the Kansas City Public Library.
The Planning Commission in Kansas City, Kan., voted 8-2 to send the request for further consideration April 28 by the Unified Government Commission. More than a dozen stipulations about eventual project details were attached to the approval. The proposal is from Phil Ruffin, a major casino owner.