Kansas City Northeast 'National Cloak and Suit Company' Building Development Coming Soon

An iconic Kansas City structure might soon house affluent hipsters . . . And a few dregs on the lower levels.

Of course taxpayer help will be required. 

A bit of background . . .

"The 650,000-square-foot National Cloak building was completed in 1919 and once housed the largest mail-order apparel business in the eastern United States, employing 2,000 people. Its interior floors total 14 acres of floor space."

We don't forget that Northeast News reported this development first . . . 

"Early in 2021, plans were announced by the Arnold Development Group to transition the storage building on the postcard into 352 residential units with retail space on the first floor."

A bit about new plans . . .

Arnold wants to convert the historic National Cloak and Suit Company building at 5401 Independence Ave. into 352 apartments at an estimated cost of $120 million. The majority would be affordable to households earning 60% or less of area median income (AMI). 

Depending on inflation . . . That might be a couple of grand that few neighbors in the area would be able to afford.

Of course there's an official press release report copied & pasted by a hack newsie who is friends with the other cowtown "elite" (lulz) journalists . . .

Read more via www.TonysKansasCity.com link . . .

Developer Tackles Historic Building for $120M Affordable Housing Project

Fresh from building a super-green apartment complex from scratch, developer Jonathan Arnold is tackling a very different project, renovating a massive, century-old building into affordable housing. Arnold wants to convert the historic National Cloak and Suit Company building at 5401 Independence Ave. into 352 apartments at an estimated cost of $120 million.