Exciting Housing Developments Coming to Kansas City’s Plaza Area!
Kansas City is buzzing with anticipation as the Port Authority has made some exciting moves to transform vacant land in the Plaza area into vibrant new housing! On Monday, the Port KC board, which is appointed by the mayor, passed a vote that will pave the way for two new housing projects as part of a larger initiative led by Block Real Estate Services.
The Madison Project Grows
First off, let’s talk about the Madison project. This isn’t just any development—it’s set to be a striking 279-unit apartment building sprouting up on a triangular lot at the intersection of Madison Avenue and 47th Street. The board had already approved property tax incentives and bonds back in June, and now it seems they’re doubling down on their commitment to making this area more livable!
New Developments on the Horizon
But wait, there’s more! Not only is the Madison project moving forward, but the Port KC board also gave the green light for two additional multi-family buildings at 4511 Summit Street and 4438 Washington Street. Together, these sites will add an additional 36 housing units—ranging from cozy studios to spacious three-bedroom apartments. Can you say home sweet home?
Design and Details
In terms of design, the building on Summit Street is set to be four stories high, while its neighbor on Washington Street will stand three stories tall. Both of these sites are currently empty, but they’re nestled in a neighborhood that has been growing denser, welcoming new residents and families eager for that Plaza lifestyle.
What’s in Store Financially?
The Port KC board has approved a whopping $25 million in bonds along with $2.48 million in property tax exemptions spread over 20 years for these new housing phases. And that’s not all—the developer has also pledged to contribute $132,231 to the city’s affordable housing trust fund. It’s a win-win situation for everyone involved!
What’s Next?
You might be wondering when you can expect to see construction kicking off. Well, according to the latest updates, construction could begin as soon as 2025. That’s not too far off, so keep your eyes peeled for what promises to be a bustling new addition to Kansas City’s Plaza. With new residents moving in, we can only imagine how this area will continue to thrive and grow!
Sense of Community
As the number of residential units increases, it’s about more than just buildings—it’s about building a community. New housing options bring fresh faces and new relationships, making neighborhoods vibrant and welcoming. The Plaza area continues to evolve, and this is just one of the many developments shaping its future.
And let’s not forget, housing is a critical issue in many cities. Affordable housing is something that local governments and developers are constantly trying to address, and it’s encouraging to see contributions being made to support that goal. The future does look bright!
Stay Tuned!
So, Kansas City residents, what do you think about these exciting developments? Will you be keeping an eye on the construction site starting in 2025? There’s no doubt that the Plaza area is set for a transformation, and it’s definitely something you won’t want to miss. Stay tuned for more updates as we watch this area blossom!
