2024 KCADC Annual Meeting highlights $1.8B of new investment across the region

The Kansas City Area Development Council (KCADC) hosted its 2024 Annual Meeting last week, drawing over 2,000 civic and business leaders to celebrate a year of robust regional growth and strategic industry advancements. Under the theme “FLEX,” the event underscored the region’s adaptability as a cornerstone of its success. It highlighted achievements in the Kansas City metro area, including 18 counties across Kansas and Missouri.

Record-Breaking Investments and Job Creation

This year, KCADC and its partners secured commitments from 16 companies, resulting in $1.8 billion in capital investments, nearly 1,500 new jobs, $104.7 million in wages, and 2.3 million SF of new development. These milestones reflect Kansas City’s growing prominence as a hub for innovation and opportunity.

Google’s $1 billion data center in Kansas City, Mo., was among the most notable investments in 2024. Alongside its infrastructure project, Google committed to advancing sustainability by adding 400 megawatts of carbon-free energy to the grid. The company also demonstrated a strong community focus, contributing $100,000 to the North Kansas City School District’s STEM initiatives and announcing an additional $120,000 investment to strengthen STEM programs in Kansas City Public Schools.

Strengthening Global Recognition

Increased media attention has bolstered Kansas City’s growing reputation. Over 630 stories spotlight its economic wins and quality-of-life benefits, reaching an estimated 1.25 billion people globally and enhancing the region’s visibility on the international stage.

KCADC President and CEO Tim Cowden emphasized the importance of leveraging this momentum for future growth, attributing the success to a unified regional vision.

Keynote and Awards

Lisa Bodell, CEO of FutureThink and a best-selling author, delivered the keynote address, offering actionable insights into how simplification can drive efficiency and amplify impact. Her message resonated with attendees, providing tools to help businesses streamline operations and focus on meaningful work.

KCADC has also received accolades for its efforts to promote the region. The organization earned two gold medals from the International Economic Development Council, recognizing its KC Options Magazine and the “KC Design Draft” campaign for excellence in economic development marketing.

Building for the Future

As Kansas City continues to grow, leaders across industries remain focused on fostering a resilient and inclusive economy. From groundbreaking investments in infrastructure and education to enhanced global recognition, the region is poised for sustained success.

The KCADC Annual Meeting reinforced the importance of flexibility and collaboration in shaping the future, ensuring Kansas City remains a leader in innovation and a magnet for talent and investment.

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Header image: Board of Directors incoming co-chair and Evergy President/CEO, David Campbell speaks at the 2024 KCADC Annual Meeting. Image courtesy of the Kansas City Area Development Council

Kansas City's vision for South Loop Park becomes reality

Work on a transformative project that's been envisioned for Kansas City for 30 years or more will begin early next year.

"The South Loop Project is building a cap over I-670, which has long been the disdain of many leaders in the region, from the federal and state highway system, city leaders, and even to business owners and residents in the area. So, we are going to create a tunnel that will create a cap, and we are going to put a park on top of that cap," said Ann Holliday, VP of strategic initiatives at Downtown Council of Kansas City.

Panelists Tirzah Gregory, VP and group director at HNTB Corporation; Mark Neibling, AIA, associate principal, architecture at BNIM; and Mario Vasquez, assistant city manager and city planning director at City of Kansas City, Missouri, joined Holliday at a lunch event last week hosted by CREW KC. Meredith Hoenes, director of communications at Port KC, moderated.

Port KC, the Downtown Council, and the City of Kansas City are partners in the project.

"This is the biggest reclamation project that we have going on in the city. We're creating something out of nothing. Something that's been sort of a chasm Downtown. We're putting something there," said Vasquez.

Vasquez addressed why it has taken so long to start this project since it was first proposed in the 1990s. Back then, he said, not much was happening Downtown, and it was a struggle to put things together.

"Today, Downtown is dynamic. It makes sense now to build this amenity that can continue the momentum that we have Downtown," Vasquez said.

The first phase of the project involves constructing a tunnel through which traffic will flow. This project presents many challenges.

"At the end of the day, we are dealing with an infrastructure that is almost 60 years old and all that has to be replaced," said Vasquez.

According to Gregory, constructing a structure over a highway is like remodeling or adding onto an old house.

"You've got existing infrastructure to deal with, including some of the bridges that cross over the highway . . . so you can imagine the complexity of having some of

the old systems work with the new systems. . . . The structure is going to be carrying some heavy loads. . . .  We have to build these foundations without impeding the right of way, making sure the highway stays at the same capacity that it is now," said Gregory.

One of the issues to solve is utilities. The Downtown area is riddled with utilities crossing every which direction, Gregory said.

"We are working with 15 different utility companies right now to coordinate. Some of them cross along Truman Road. Some of them cross over the highway. Some of them go under the highway, so that adds a lot complexity. They don't want any interruptions, of course, to the service that they provide," she said.

Another issue is drainage. The Downtown area slopes toward the planned park.

"A lot of the water coming across from Downtown goes at a low point across our park at Walnut Street. We have to make sure that we don't make anything worse," Gregory said.

There is a proposed rain garden to help collect some of the drainage, Hoenes said.

Above: Moderator Meredith Hoenes of Port KC next to the panelists at last week's CREW KC lunch event from left to right: Meredith Hoenes; Mario Vasquez; Ann Holliday, Tirzah Gregory; and Mark Neibling. Photo credit: Elizabeth (Liz) Wampler

The KC Streetcar is a consideration as well. The project must proceed with minimal impact on the streetcar service.

With respect to the tunnel itself, life safety systems will be crucial, including fire suppression, lighting, egress, ADA compliance and signage.

"That was kind of a new thing because we don't have tunnels around here," Gregory said.

Once the tunnel is complete, a park will be installed on top of it. OJB has been retained as the landscape architect.

Neibling said the park will feature a series of terraces "that are moments of art, areas of respite with this kind of welcoming approach from the west," and the buildings within the park will be responsive to the landscape.

According to Neibling, the design of buildings in the park will be focused on zero carbon. Plans include a food hall, a performance pavilion, a dog park and play areas.

"I look forward to when that space is so inviting and the whole community is down and enjoying it. They're sitting under these large trees. They're rolling in the grass. They're enjoying the environment in Downtown Kansas City," said Holliday.

The project will be a public-private partnership. According to Holliday, public monies to date include approximately $30 million in federal funds and $50 million in state funds. In addition, the City of Kansas City has committed $10 million and also is investigating a $65 million loan under the Transportation Infrastructure Finance and Innovation Act (TIFIA) and may apply for additional federal funds via grant projects. Approximately half of private sector funds' $50 million goal has been raised.

"We're talking to some other government entities in the area and working on some cost share arrangements with the Missouri Department of Transportation (MoDOT). . . . That's for funding for how we build it," Holliday said.

She said the city will own the park and plans to contract with a private, non-profit-based organization to manage it, similar to arrangements with the Kansas City Zoo & Aquarium and Starlight Theater.

"The goal then would be sponsorships, other philanthropy, revenue-generating opportunities within the park so that it would be self-funded for now and then capital endowments and things for maintenance in the future," Holliday said.

A general contractor has been selected, with details being finalized, and an announcement forthcoming next month, Vasquez said. Hoenes said the name of the project could be announced in January.

Vasquez said activity on the project will begin in the first quarter of 2025, and he expects to shut down I-670 mid-summer of 2025. He said the tunnel may be complete in 2027, but the contractor ultimately will address the timing issue. In addition, all construction activity in the public rights of way will cease on May 1, 2026, in preparation for the FIFA World Cup activities.

"So whatever work we can get done by that time is what's going to be done. Keep things open; diminish the disruption," Vasquez said.

"We're not going to hold a groundbreaking ceremony. We're going to hold a ground making ceremony, because that's what we're doing. We're making a whole new space," said Holliday.

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Header image: A rendering of South Loop Park that will cap a four-block stretch of Interstate I-670 between downtown Kansas City and the Crossroads Arts District. Image credit: BNIM

Karats Jewelers breaks ground on new 20,000 SF headquarters

Karats Jewelers, a prominent family-owned business in Kansas City, officially broke ground on its new headquarters on October 23, marking a new chapter for the six-generation jewelry brand.

Founded by Akshay Anand in 2005, Karats has built a strong reputation in the Kansas City community as a trusted destination for bridal and luxury jewelry, as well as a curated selection of high-end wristwatches.

The new location, designed by Davidson Architects & Engineering, will cover 20,000 SF and is situated at 12260 Blue Valley Pkwy., just five miles from the current store on W. 135th St. in Overland Park, Kan. The new headquarters represents both a continuation of the Anand family legacy and an opportunity to evolve with customer needs.

“KARATS is a six-generation family business, and we have truly harnessed our growth in the Kansas City community because of the support of this city,” Anand said.

Partnering with local builder Miller Stauch Construction, the new Karats facility is designed to enhance the customer experience and meet the growing demand for a more comprehensive array of jewelry options.

“It is a dream of a lifetime, and we are glad to have partnered with Miller Stauch.” Anand said.

The new location’s layout will be carefully planned to support Karats’ core business in engagement rings and bridal jewelry, with Anand envisioning a more immersive, personalized experience for couples shopping for engagement rings and wedding bands.

Above: A rendering of the new Karats Jewelers 20,000 SF headquarters designed to bring a personalized shopping experience for all customers. Image credit: Davidson Architecture & Engineering.

Beyond bridal jewelry, Karats is renowned for its extensive selection of luxury wristwatches and fine jewelry, showcasing top brands like Tacori and Verragio alongside over 35 sought-after watch brands.

“KARATS is focused on bringing the best selection of luxury goods to the Kansas City metro,” Anand said.

With its expanded space, Karats will now cater to new and longtime customers across all price ranges to create a shopping experience inclusive of all budgets and preferences.

Anand aims to attract younger generations who value a blend of tradition and contemporary style in their jewelry shopping experience. The store will offer custom engagement ring design services, allowing clients to collaborate with Karats' specialists to create unique, personalized rings. Shoppers can also explore an extensive in-store collection, catering to a wide range of tastes and styles.

With a grand opening date yet to be set, the new Karats Jewelers headquarters is designed not just as a store but as a destination for jewelry and watch enthusiasts across Kansas City and beyond. Anand is optimistic that the expansion will strengthen Karats’ role in the community, offering a space where Kansas City customers can trust the Anand family’s expertise and commitment to service for generations to come.

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Header image: A groundbreaking ceremony celebrating the new Karats Jewelers headquarters to be built at 12260 Blue Valley Pkwy. Image credit: Clapp Real Estate Photography