Post on 17-Jan-2016
Kansas City
Downtown ResidentialDevelopment Update
Downtown Population Growth
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• 2000: 13,600
• 2013: 19,100
• 2030: 40,000?
2010-2012 Completed Projects
Walnut Tower Apartments179 units
2006 Wyandotte 35 units
1006 Grand 134 units
Courthouse Lofts 176 units
Market Station 322 units
Carriage Lofts 23 units
Liberty Lofts 44 units
Others 102 units
TOTAL: 1,015 Units
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Projects Under Construction
Founders at Union Hill 181 units
Gillham Row Phase II 22 units
Lucas Place 130 units
River Market West 137 units
Beacon Hill/UMKC Housing 245 units
TOTAL: 715 Units
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Pipeline – New Construction
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One Light (Cordish) 311 units
Columbus Park 16 units
2nd & Delaware 225 units
TOTAL: 552 Units
Pipeline Conversion Projects
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Argyle Building: 126 units Bemis Bag Building: 100 units
Commerce Tower: 265 units Corrigan Building: 82 units
Folgers Buildings: 176 units Mark Twain Tower: 155 units
Midland Building: 68 units Pabst Building: 62 units
Pershing Building: 55 units Pickwick Hotel: 261 units
Power & Light Building: 200 units Weld Wheel Building: 200 units
West Side Housing Organization: 98 units TOTAL: 1,848 Units
Projects Map
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Cordish Tower/ One Power & Light
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Midland
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Argyle Building
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Pickwick Hotel
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Corrigan Building
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Power & Light Building
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Market Station
A Glimpse of Downtown’s Future?
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Berkley Riverfront Park
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Berkley Riverfront Park
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Multi-Family Construction
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Annual Average New Units: 539
New Construction vs Occupancy
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Annual Average: 2,902
Inventory Growth
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Average Rent: Class A
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Rent and Occupancy: Class A
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Downtown Concessions
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Echo Boom
• People in the age group 25-34 years account for the following percentages of the total population:
– U.S. 13.4%– Metro KC 14.0%– Downtown KC 24.8%
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Questions?
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