Here’s where two new apartment buildings are set to replace vacant lots near the Plaza
More vacant land in the Plaza area will be replaced by housing following a Port Authority of Kansas City vote.
Port KC’s board, appointed by the mayor, took a step toward approving a new set of bonds and tax breaks on Monday for two separate housing developments tied to Block Real Estate Services’ larger market-rate Madison project, a planned 279-unit apartment building on a triangular vacant lot at Madison Avenue and 47th Street.
The board approved property tax incentives and bonds for the Madison in June. On Monday, the board also signed off on additional financing for multi-family buildings at 4511 Summit Street and 4438 Washington Street that would together add 36 new housing units.
The units would range from studios to three-bedrooms. The Summit building will be four stories, while the Washington building will have three floors.
The Summit and Washington sites are currently empty and surrounded by other residential buildings in a neighborhood that has grown more dense in recent years.
The Port KC board approved $25 million in bonds and $2.48 million in property tax exemptions over 20 years for the two new phases. The developer will also contribute $132,231 to the city’s trust fund for affordable housing construction.
Construction could begin in 2025.
This story was originally published December 10, 2024 at 2:19 PM.