Downtown Kansas City Hot
Real estate development nationally may be slowing, but downtown Kansas City apparently didn’t get that message. Instead, they’ve joined the parade of other cities revitalizing their downtown area and seeing increased interest in living downtown.
A recent Associated Press article noted the transformation of Kansas City, Missouri following the relocation of H&R Block’s headquarters and a $850 million entertainment district called the Kansas City Power & Light District. It’s anchored by the Sprint Center, a 24,000 seat arena, and the still under construction Kauffman Center for the Performing Arts. Restaurants and retail space are following, causing one real estate broker to proclaim, “Downtown is hot.”
It’s so hot, in fact, that apartment hunters are having to look elsewhere because apartment units in the vicinity of the new entertainment district are more than 95% occupied, according to the Kansas City Business Journal.
While on the subject of Kansas City, it’s only fair to note that North Kansas City has been getting some press coverage for its reuse of old industrial buildings and is seeing interest for condos and office space.