Residential interest remains strong in the downtown submarket. Three major residential projects are
currently underway. One Light and the residential conversions of Commerce Tower and the Kansas City Power and Light building are in progress and receiving positive interest. One Light, located at 13th Walnut is nearly $80 million and 25-stories. The project will hold 315 units and boasts of a waiting list of 1,000. The project is 343,000 square feet with an anticipated completion date of 2015 and discussions of another tower are already circulating. Plans for Commerce Tower are to reduce the 439,000 square foot office property to 82,000 square feet of office and converting the balance to residential units.
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