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.
Good luck!!!
Maybe the project will find success or maybe it's just more Downtown area irrational exuberance.
You decide . . .
What kinds of tax incentives are we, the taxpayers, providing Dunn?
ReplyDeletelight-gauge steel framing
ReplyDeleteTranslation - Cheap
If the rent in these cheaply-constructed apartments is really going to be $3000/month, they'll be millenial dorms with three or four baristas and servers in each unit.
ReplyDeleteLiving there in "luxury" will be quite an adventure!
Plus, the revolving and extended stays of 3 or 4 "friends" or "babydaddies/mamas" with Wednesday and alternate weekend custody. So, 1 or 2 named on leases actually becomes rotations of untold occupants/"guests".
Deleteis it fireproof?
ReplyDeleteThere are cities worth paying huge rent to live in. Kansas City certainly isn't one of those cities.
ReplyDeleteHow much tax money and breaks are we throwing at it?
ReplyDeleteBy time the structure is built we will be in a depression in many parts of the economy. BUSINESSES WILL NOT BE ABLE TO PAY 80,000.00 A YEAR. THE APARTMENTS WILL HAVE A 50 PERCENT OCCUPANCY RATE
ReplyDelete7:23, I agree, light gauge steel? YIKES what if someone on the top floor has to much weight , or a car runs into it like so many are doing these days.
ReplyDeleteAlso agree, that we are heading toward a financial collapse, I bet that building won't even be 50% occupied.
somebody will live there and it will be good for the crossroads.
ReplyDelete12:06PM you're a moron. Too much weight on the top floor?? My god you're dumb. Heading towards a financial collapse?? Thank God you're a fucking geezer and out of the public way where you can't do harm.
ReplyDeleteLight-gauge steel framing!!! What happened to our environmental Mayor? This will be an energy hog!! Thanks for subsidizing this crap, Sly!!!
ReplyDeleteI wouldn't live in a place that was NOT built with that steel framing. It's safer.
ReplyDeleteNOT the first use of lightweight metal studs to use in a building. That belongs to the Residence Inn on the plaza built in 2002. I know because I ran that job.
ReplyDeleteNobody wants to live there except queers buttfucking other queers
ReplyDeleteMeanwhile, back at Tony Botello's mom's basement.....
ReplyDeleteIn 10 years you will able to buy a piece of ass there.
ReplyDelete