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.

2700 University Unveiled in Grand Opening Ceremony

On Tuesday, Flaherty & Collins Properties officially cut the ribbon and opened our latest project, 2700 University, in Saint Paul. The project, a $54 million mixed-use, transit-oriented luxury residential apartment development near the Green Line Westgate Light Rail Transit station, features 248 luxury apartments, with 80% of the apartment homes set for market rate and 20% for affordable.

We were joined and honored to have City of Saint Paul Mayor Chris Coleman as our primary guest speaker. Mayor Coleman spoke highly of the project and the need for affordable housing that new residents will be proud to call home.

City Council President Russ Stark congratulated team members on a job well done, remarking about how wonderful the project was and what it meant to the community.

Other guest speakers included Michele Smith, Minnesota Field Office Director for HUD, Pam Daniels-Halisi (BMO) and our own lead developer on the project, Ryan Cronk.

The event featured local brews, Topeca coffee (the future retail tenant at 2700) and music by the Ned Canter Trio. And of course, with it being December in Minnesota – we had to do an ice sculpture!

Many of the F&C team traveled up for the festivities and can state with first-hand experience, the Light Rail Transit system is the way to go (it helped us catch our flight home)!

We’d like to thank all our guests, as well as our project partners – LISC, HUD, NEF, The Met Council, the City of Saint Paul, BMO, Landform, Kraus-Anderson, and Urbanworks for a terrific, powerful project.

Residents of 2700 University will enjoy features and amenities that include: A first floor bar/coffee shop; high speed Wi-Fi throughout; a state-of-the-art 1,400 square foot fitness center featuring Matrix Fitness equipment, a yoga studio, and Matrix® MyRide+ Group Cycling; a year-round, resort-style heated saltwater pool with wet deck, and a hot tub with a heated deck; a 20,000 square foot courtyard; an Outdoor Living Room with fire pits, commercial grade grills, and outdoor furniture; a 1,600 square foot Bark Park with a Dog Park Express Course including a water station and waste area; bike storage with repair tools, stands and pumps; and underground parking.

Apartments will include: 100% LED lighting; luxury wood-style flooring in the kitchen, entries, and living area; oversized flat slab kitchen cabinets with custom hardware; premium carpet in bedrooms; oversized energy efficient windows; front load, full size Energy Star-rated washer and dryers; quartz countertops; Nest® thermostats; frameless shower doors; and recessed/decorative patios or balconies.

Learn more at www.2700university.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!

Celebrate! Washington Township

Celebrate Washington Township

Flaherty & Collins Properties is sponsoring a very cool event to benefit and show appreciation to teachers in Washington Township (Indianapolis) later this week – but the best part is that our very own Ryan Cronk thought-up and organized the event himself!

The event, called “Celebrate! Washington Township,” is meant as a show of appreciation for all that the teachers do in the Washington Township community. The event takes place this Friday, May 20 at the Old National Centre and features an awesome jazz musician, Trombone Shorty, as well as local talent including Season 6 winner of “The Voice”Josh Kaufman. The opening band is from North Central, in addition to other performers.

Any proceeds from the event will go back to the teachers of Washington Township – and prior to the event, a free silent auction will be held for teachers, so all they have to do is turn in a ticket for an item to win.

Mr. Cronk was able to secure over 30 sponsors for the event, which is rapidly selling tickets!

Wanna go? CLICK HERE for tickets and to learn more!

 

 

The Heights Linden Square Wins Big at Crystal Merit Awards

 

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On Saturday, the Apartment Association of Kansas City (AAKC) hosted the 19th Annual Crystal Merit Awards that recognize excellence in the mulitfamily industry in and around the great Kansas City area.

One of Flaherty & Collins Properties newest developments, The Heights Linden Square, earned distinction that made our team in attendance quite happy.

Ryan Cronk, Flaherty & Collins Properties Vice President of Development, was named “Owner of the Year”, while The Heights was named “Property of the Year – Under 2 Years”.

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Check out some more celebration photos of our team at the banquet:

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Ryan Cronk, left, and Heights Property Manager Kourtney Cowell, right, celebrate the big night.

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Regional Property Manager Michael Collins, left, and Kourtney Cowell enjoy the moment.

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Hands-in for teamwork! Way to go!