Wednesday, July 19, 2017
FEAR UPCOMING KANSAS CITY CROSSROADS LUXURY MONSTROSITY!!!
Here's Kansas City building HYPE that deserves a critical look from our blog community . . .
The presser seyz;
"The ARTerra project will feature a mix of one-, two- and three-bedroom apartments with first floor retail. An integrated garage is part of the development and amenities include an infinity pool with a view of Liberty Memorial, and 12th floor amenity suite with views of the downtown skyline. The $40.7 million project is being built by J.E. Dunn Construction, and is described as the first to use a light-gauge steel framing using the Prescient building system. It’s completion is anticipated in late 2018."
Developers imagine that this speculative project will meet "strong demand by millennials and empty-nesters" who are allegedly willing to pay $3K a month to fight for parking, avoid eye contact with strangers when walking around and enjoy having only one place to buy shoes in a 5-mile radius.
Maybe the project will find success or maybe it's just more Downtown area irrational exuberance.
You decide . . .