Friday, December 04, 2020

Please Believe In Downtown Kansas City DOOMED Waddell & Reed Tower

Local developer class offer visions of sugar plum fairies and denial about the American economy fundamentally shrinking . . .

"Real estate sources expressed confidence Thursday that regardless of Waddell & Reed's local footprint in years to come, developers of the 18-story office tower will see the project through to completion. The building is a joint venture between Kansas City-based Americo Life, an affiliate of Financial Holding Corp., and Burns & McDonnell."

Given that this time of year, youngsters openly express believe in Santa Claus . . . The persistent downtown renaissance is at least more plausible than unicorns. 

More info for subscribers here . ..

Waddell & Reed sale to Macquarie could disrupt downtown office market - Kansas City Business Journal

The real estate ramifications from Waddell & Reed Financial Inc.'s planned $1.7 billion sale to Macquarie Asset Management could ripple beyond just the Overland Park company's partially complete $140 million downtown headquarters. Real estate sources expressed confidence Thursday that regardless of Waddell & Reed's local footprint in years to come, developers of the 18-story office tower will see the project through to completion.

5 comments:

Anonymous said...

Oh my Land! First DST Systems leaves and all that money the spent on Thayer building and other run down properties so boring restored is vacant. Now this! The "Tom's" sure got it WRONG when they allowed DST to be sold the brothers hulligans. What a redneck Arkansas type deal. Willian Deramus is PISSED!

Anonymous said...

How much are we in the toilet for this one. I know they got about million to move here from KS.

Anonymous said...

i believe this is one of the last if not the very last KS to MO "border jumpers" and it is a fitting pud-out to that stupid policy that benefited no one but add-nothing eco devo consultants

Anonymous said...

So now there'll be another empty building in downtown KCMO.
And more corporations ae allowing employees to work from home and will continue to do so after the pandemic is under control.
And the bloom is certainly off the overpriced apartment rose downtown.
Maybe an aquarium?
Timing is everything!

Bandit said...

Nobody will notice another empty building in Kansas City. Fuhgitaboutit!
不不不不不不不不不不不不