Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Wednesday, December 10, 2014

Market Report 2015 Sneak Peak - Day 2 Downtown

Residential interest remains strong in the downtown submarket.  Three major residential projects are
One Light Multifamily Kansas City, Missouri
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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Every year, Block Real Estate Services, LLC (BRES) releases our comprehensive Market report, lending insight on commercial real estate in the Kansas City market. Kansas City continues to see many more exciting development projects planned, under construction or just completed over the next 24 months as well as strong investment activity.

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Market Report 2015 Sneak Peak - Day 2 Downtown

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