39th and Rainbow
While single family home values continue to plummet and Downtown residential development has completely stopped, Midtown and the Country Club Plaza area are going strong. More than 600 new units in the pipeline, largely due to suburban developers turning their attention to urban infill and redevelopment projects. Much of the new development is happening without the tax breaks so common in recent years, and it is happening organically without grand city-sponsored redevelopment plans.
West 39th Street – Soon after the new year, suburban apartment developers Price Brothers will break ground a mixed-use development at 39th and State Line Road. The former Hanna Bistro and Pizza Hut will be replaced with four stories of 70 apartments over street level retail and restaurant space. ”District 39” is a $9.7 million project that received property tax abatement and is expected to open in spring of 2013.
39th and State Line Road
39th and Rainbow - Just around the corner on the KCK side, Lane4 is currently building 39Rainbow, a large mixed-use complex across from the KU Medical Center featuring apartments, a hotel, offices, shops, and restaurants. Correction: Lane4 has scrapped the residential component in favor of more office space.
Westport – A new proposal to redevelop the northeast corner of 40th and Broadway would replace the old XO nightclub with 188 apartments. The old Midwest Cyclery building and the adjacent payday loan shop would be renovated for restaurant and office space, joining new restaurants that have opened recently on that block of Broadway.
North Plaza – The small neighborhood between Westport and the Plaza continues to attract significant infill and residential density. Price Brothers recently received City Council approval for 46 Penn, a $30 million project with 188 apartments in four stories. The project is being built without tax breaks. The City Council recently approved the plan over the objections of the Plaza-Westport Neighborhood Association, which opposed the building’s height being slightly taller than current zoning allowed. Business Journal story.
South Plaza – Price Brothers is proposing a $39 million project at 51st and Main with 204 high end apartments over street level retail. The four story development would sit on the site of the former Cabaret nightclub and join recent new development housing Accurso’s, Glace, Spin Pizza, etc. The project is expected to open in 2014 without tax breaks, adding more than $400,000 a year to local government coffers. via KC Star.