The Yards Breaks Ground in Kansas City Stockyards District

KANSAS CITY – Flaherty & Collins Properties broke ground this week on The Yards, a $41 million mixed-use, luxury residential apartment development in the Kansas City Stockyards District.

The Yards, the biggest mixed-use residential project in the Stockyards District, will consist of 232 luxury market rate apartment homes and 3,150 square feet of commercial retail space and over 9,500 square feet of amenities.

“It’s important to the city that the Stockyards District has developments like this, where people can live and engage in the community,” said Kansas City Mayor Sly James. “We want to keep the artistic aspects, but also grow this area and bring the light rail transit to connect this area with downtown.”

“This project, much like what Flaherty & Collins Properties has done with the Union Berkley Riverfront site, will serve as a catalyst of growth and development in the Stockyards District,” said City Councilman Scott Taylor.

Comprised of studios, one and two-bedroom apartment homes, The Yards development – designed by Kansas City architecture firm KEM Studio – will be authentic to the district’s rich heritage by stitching together the iconic, modern Kemper Arena and the historic Livestock Exchange building. The Yards will be focused around the active lifestyle currently found in the Stockyards District, with access to the levy, Kansas River and trails.

“We look at the stockyards as a crown jewel for the long term in the Kansas City market,” says Ryan Cronk, Vice President and lead project developer for Flaherty & Collins Properties. “The Stockyards is transforming with restaurants, bars and art galleries. We don’t view it as pioneering as some people do. We think the Stockyards is going to be a fantastic neighborhood. It’s got a great vibe today and will continue to be.”

Bill Haw, owner of the Livestock Exchange Building and surrounding properties, is the seller of the land on which the apartments will be built.

“We are delighted that a developer of the reputation of Flaherty & Collins Properties recognizes the potential of the Stockyards District,” says Haw. “They will be a perfect fit with the commercial, entertainment and sports facilities springing up around the Livestock Exchange Building. Our confidence in the project is reflected in our willingness to participate in the financing of the apartments.”

The Stockyards District, home of the Livestock Exchange Building, once saw 66,000 head of cattle per week come through the stockyards.

 

The Livestock Exchange Building, which will be next to The Yards, was completed in 1911 and was the largest livestock exchange building in the world. It is listed on the National Register of Historic Places.

Across the street is the former Kemper Arena, which is undergoing a $39 million renovation into a youth sports complex. Kemper Arena is also listed on the National Register of Historic Places, and hosted the 1988 NCAA Men’s Basketball Final Four, as well as the 1976 Republican National Convention. The Kansas City Kings (NBA) played in the arean from 1974-1985, when the team moved to Sacramento. As recently as 2004, it hosted an NCAA first and second round.

Residents of The Yards will enjoy nearly over 9,500 square feet of amenities. The Yards will feature a communal lounge and co-working area, saltwater pool and outdoor living and kitchen area, a community demonstration kitchen, an activity lounge and Fitness Center featuring Fitness OnDemand®, Bark Park and a Skydeck with panoramic views of downtown Kansas City. The Yards will be focused on custom service to their residence, featuring morning coffee service and other hotel-like amenities.

Apartments will include Euro-style kitchens with tile backsplashes, mudroom, mobile islands with quartz countertops, stainless steel appliances, smart thermostats, and LED lighting throughout.

Financial project partners include Citizen’s Bank & Trust, Equity Bank, First National Bank, and The Livestock Exchange. Additional project partners include: KEM Studio (architect), Landform (civil engineers) and Apex Engineers (structural engineers). MW Builders is the general contractor. The City of Kansas City (Missouri) and the Economic Development Corporation of Kansas City (EDCKC) have also been integral project partners.

The project, at 247,597 square feet, plans to be completed by the Summer of 2019. Learn more at www.theyardskc.com.

RiverHaus Ground Breaking in Covington, KY

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We had the pleasure of heading to Covington, Kentucky this week for the groundbreaking of our newest mixed-use, luxury apartment development – RiverHaus.

A $50 million mixed-use, luxury residential apartment development at the former site of Mainstrasse, RiverHaus consists of 192 luxury market rate apartment homes and 3,100 square feet of retail. Comprised of studios, one and two-bedroom apartment homes, the development will boast the finest amenities in the Northern Kentucky market.

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“This project is going to build on and add to the quality of life here on Mainstrasse,” said Covington Mayor Joseph Meyer.

Residents will enjoy nearly 7,000 square feet of amenities, including an amenity courtyard, featuring fire pits, bar, lounge areas, grilling station, and saltwater pool with a large wet deck. A sky deck will give residents views of the Covington and Cincinnati skyline. Interior features include a coffee lounge, club room, conference room, pet wash, bike storage and repair, gaming and study lounge and 24-hour fitness center featuring Fitness OnDemand®. The project includes a guest suite and concierge services.

“Everyone who lives in Covington will benefit from the impact this development will have,” said Flaherty & Collins Properties CEO David Flaherty.

Apartments will include polished quartz kitchen countertops, cultured marble vanity tops with integral sinks, tile backsplash in kitchen, stainless steel appliances, undermount faucets and sinks, LED lighting in entries, kitchens, bathrooms and closets.

“This project has been the vision of the city of Covington and we couldn’t have done it without them,” said Flaherty & Collins Properties lead project developer Deron Kintner. “We are very excited to partner with the City of Covington on this fantastic new mixed-use development, which we believe will be the destination for luxury urban living in Covington.”

RiverHaus Breaks Ground

TCF is providing the construction loan for the project. Core Real Estate Capital provided additional financial support of the development.

PACE Equity, the leading project developer and funder of CPACE (Commercial PACE) projects on a national basis, is providing approximately 10% of total development funding, at $4,400,000, for RiverHaus. The project represents an exciting milestone as the largest PACE multifamily new construction project nationally. TCF Bank is the major funding bank on the development.

“This project is the largest new construction multifamily project on a national basis to utilize PACE financing, which is very exciting,” Beau Engman, PACE Equity Founder & President. “It’s always great to see PACE utilized to transform a vacant lot into such a fantastic project for the area.”

Additional project partners include PDT/SFA Architects, Civil & Environmental Consultants, Inc., and Harrison Lynch & Brumlee. Flaherty & Collins Construction is the general contractor.

The project, at 341,925 square feet, plans to be completed in 2019.

The Arbuckle Breaks Ground in Brownsburg

BROWNSBURG, IN – Flaherty & Collins Properties has officially broken ground of The Arbuckle, a $40 million mixed-use, luxury residential apartment development at Arbuckle Park in downtown Brownsburg. In a ceremony held Wednesday, August 23, members of the Brownsburg Town Council, the Redevelopment Commission and Flaherty & Collins Properties came together to officially turn dirt on the new project.

The Arbuckle will consist of 208 luxury market rate apartment homes. Comprised of studios, one and two-bedroom apartment homes, the development will boast the finest amenities in the Brownsburg market.

“We are overjoyed that F&C has chosen to be a part of our community and our town of Brownsburg,” says Grant Kleinhenz, Town Manager of Brownsburg. “This public-private partnership will transform North Green Street into a vibrant, pedestrian-friendly economic center and a more welcoming downtown. This is only the beginning.”

“This development will help take Brownsburg to a whole new level,” added David Flaherty, CEO of Flaherty & Collins Properties. “We wouldn’t be here if Brownsburg hadn’t been investing so greatly into its community. This vision of a walkable, bikable, connected society is what we’ve had, and today you see that vision coming to fruition.”

Residents will enjoy nearly 7,000 square feet of amenities, including a courtyard with fire pits, bar area, grilling station and saltwater pool with a large wet deck. Paved terraces will also be present throughout the property. Interior features include a coffee lounge, fireplace lounge, conference room, pet wash, bike storage and community demonstration kitchen. A gaming and study lounge will also be available to residents looking to relax and unwind. A 24-hour Fitness Center featuring Fitness onDemand® will be featured on the main ground floor, and the project will feature a guest suite.

Learn more by visiting ArbuckleApts.com or reach out to the site at TheArbuckle@flco.com.

Union Berkley Riverfront Park Breaks Ground in Kansas City

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On Tuesday, Flaherty & Collins Properties broke ground on Union | Berkley Riverfront Park in Kansas City, Missouri. The exciting project, developed by Flaherty & Collins Properties, is a mixed-use development along the Missouri River just blocks north of Downtown Kansas City.

You can read more about the project in our press release. And visit www.unionbp.com for more about the features and amenities of the project.

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We set up the site and prepared for a great morning with our project partners from Port KC, TCF, First Merchants Bank, Citizens Bank & Trust, Parse Capital, Landform and Cuningham.

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“We are excited to begin construction on this transformative property for Berkley Riverfront Park and Downtown Kansas City,” said Ryan Cronk, Vice President of Development for Flaherty & Collins Properties. “We believe this project, with quality housing that supports the growing Riverfront area, is another component that will continue to build on the thriving downtown of Kansas City. We have great partners with the Port KC team and can’t wait to showcase this project.”

The $72-million mixed-use development consisting of 410 luxury apartments and 12,400 square feet of retail space. A secure parking garage featuring 400 parking spaces, to be used by residents and retail customers, will be housed on property.

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Former Mayor Berkley (which Riverfront Park is named after) joined the festivities and celebrated the project. The development is just the beginning for the plans the Port KC team have envisioned for the Riverfront area.

“Port KC is very excited to have such tremendous partners in Flaherty & Collins Properties, building our first mixed-use development at Berkley Riverfront Park. Our partnership, from day one, has been focused to on fulfilling the vision of creating a vibrant new community along our waterfront,” said Michael Collins, President and CEO of Port KC.

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“It’s truly humbling knowing we can address so many desires today,” Collins said at the event. “We’re building a story.”

The project is chalk full of cool amenities and features – just check out the design and open space in the Club Room area:

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Residents of Union will enjoy features and amenities that include a 1st floor bar/coffee shop, high speed Wi-Fi throughout, and a state-of-the-art 1,600 square foot Fitness Center with yoga studio. Also included in fitness options is a Group Cycling Studio. Union will showcase a year-round, resort-style, heated saltwater pool with wet deck and hot tub, plus 35,000 total square feet of outdoor courtyard space with an Outdoor Living Room featuring fire pits, commercial grade grills and outdoor furniture. A pet-friendly community, Union features a 1,600 square foot private and elevated Bark Park with a Dog Park Express Course that includes a water station and waste area. The Bike Shop amenity features bike storage with repair tools, stands, TVs, post work-out relaxation area, ping pong, and beer tap.

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And Union will offer residents and guests gorgeous, panoramic views of downtown and the riverfront park area. These amenities will support and activate the Berkley Riverfront Park space next to the Missouri River and meets the goals that Port KC had in mind when they identified the project.

Apartments will include LED lighting, with luxury wood-style flooring in kitchen, entry and living area. Kitchens feature oversized, flat slab cabinets with custom hardware. In addition, apartments will feature premium carpet in bedrooms, oversized energy efficient windows, front load, full size Energy Star rated washer and dryers, and quartz countertops, plus luxury features including Nest® thermostats, frameless shower doors and recessed/decorative patios or balconies. Union will also include three furnished guest suites.

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Construction will occur over an 18-month period. Union expects to see first residents move-in mid-2018.

Learn more about the project at www.unionbp.com!

A 360 on 360 Market Square

#FlyFriday folks! Check out these amazing aerials from 360 Market Square, under construction now in downtown Indianapolis (with special thanks to FC2):

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Located in the heart of Downtown Indianapolis, 360 Market Square is a 27-story mixed-use residential luxury apartment tower that will feature 292 luxury apartment one, two and three-bedroom apartment residences. The development, at nearly 300 feet tall, will feature a 42,000 square foot Whole Foods Market®.

Apartments will feature floor-to-ceiling glass, solar shades, quartz countertops in kitchens and baths, gourmet kitchens with energy efficient appliances that include side-by-side refrigerators and recessed balconies. Select units will include private terraces.

The apartments will feature floor to ceiling glass, balconies, wood flooring, stainless steel appliances and granite counter tops. Residential amenities will include a resort style pool and 5th floor amenity deck, state of the art fitness and other amenity spaces, not to mention these breathtaking views of Downtown Indy.

So…yeah…#FlyFriday.