January 2, 2019

Giant downtown mixed-use plan wins OK for incentives

As written in the Kansas City Business Journal on December 19, 2018:

“A $100 million-plus mixed-use project involving two historic buildings and construction of a new office building in Downtown had a request for incentives approved Wednesday.

Kansas City’s Land Clearance for Redevelopment Authority approved an incentives package for a project to be developed by Platform Ventures and MFH Properties LLC. And what already was a big downtown project when announced earlier this year now is bigger.

The project includes the better part of a city block. The historic Kansas City Club building at 13th Street and Baltimore Avenue will retain event space but also house a 144-room hotel and two restaurants. The 12-story Hotel Muehlebach building at 12th Street and Baltimore Avenue will be converted to apartments. Finally, the developers plan to build an office building over a garage at the corner of 13th and Wyandotte streets.

A Platform Ventures official confirmed that the project has grown since announced in May. The developers increased the number of apartments in the Muehlebach building from 117 to 191, increased the size of the office building from 70,000 to 100,000 square feet and boosted the garage from 360 to 400 spaces. The moves increase the estimated price of the project from $114 million to nearly $132 million, an official with Platform Ventures confirmed.

Ryan Anderson and Terry Anderson, principals with Fairway-based Platform Ventures, are part of MFH, along with Mariner Holdings CEO Marty Bicknell.”

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