Copaken Brooks was not awarded a $3 million grant it recently sought from Kansas City's Housing Trust Fund, in providing 22 affordable apartments in a proposed Crossroads high-rise. As a result, the developer halved the $38.9 million project's affordable unit count, and Port KC awarded a smaller incentive package than initially requested.
In new lawsuit filings, Western Auto Lofts condo buyers argue that the complex's association knew extensive building repairs have been needed for almost a decade, likely requiring special assessments, but failed to disclose projected costs ahead of their unit sales.
Cordish officials celebrated the last column pouring for the Three Light apartments, which is set to open in September. Preleasing activity at the $140 million residential tower likely bodes well for future projects the Baltimore-based builder plans around the Kansas City Power & Light District.
California-based Veeva Systems confirmed plans to hire at least 100 local employees over the next five years. Later this year, it will occupy a new engineering hub in downtown Kansas City's Lightwell office building, sized to support close to 200 regionwide employees over time.
Rhode Island-based Bally's Corp. soon will wall in a $40 million retail and dining addition to the former Isle of Capri casino that began work in August 2021. The full casino renovation is slated for completion in the fall.
Elizabeth Rosin founded Rosin Preservation about 17 years ago and since then has worked to preserve many historically and architecturally significant properties locally and nationwide. Our conversation with her is part of this edition of Real Estate Quarterly.