Downtown KC plans zone in on connectivity, inclusion

This week the KC Downtowners met for their monthly luncheon with Jeffrey Williams, director of city planning and development for the City of KCMO, and Ann Holliday, vice president of strategic initiatives with the Downtown Council of Kansas City, to discuss the future and planning of downtown Kansas City.

Each presenter reviewed the highlights of their organization’s plan and how the two groups are working together to promote the growth of Kansas City.

The Downtown Council is working on a strategic plan called Imagine Downtown KC 2030, a 10-year road map comprised of action steps for building a stronger and more resilient community. Key areas of opportunity in the plan are economic opportunity, infrastructure, housing and affordability and mobility.

Both organizations are placing top priority on economic opportunity and mobility throughout the adjacent neighborhoods of downtown.

“Kansas City is comprised of several neighborhoods beyond the Central Loop. If we are going to build an equitable, inclusive, and vibrant downtown, we have to address connectivity beyond the central business district to adjacent neighborhoods,” Holliday said.

Williams echoed this goal from the city planning perspective. “We want to create a Kansas City where every resident can be successful. That starts with removing barriers to assure access and mobility.”

The COVID pandemic has brought to light the importance of both plans.

“It’s important to understand our current reality, but also keep our eyes on the future,” said Williams. “A comprehensive plan helps us navigate change and remain competitive.”

The City of KCMO is currently updating their plan, The KC Spirit Playbook, with a scheduled release in 2022. Williams emphasized the release in 2022 would be an update, not a rewrite, as the principles in the current playbook are solid.

Holliday wrapped the discussion with the idea of catalytic projects and their importance to the community. The Downtown Library, an initiative which not only updated the building, but revitalized the surrounding area, is an example of the type of catalytic projects the city is hoping to see more of in the future.

Residential options beefed up in Stockyards District

Ryan Cronk, vice president of development with Indianapolis-based Flaherty & Collins, joined moderator Frank Sciara, CCIM president of the Kansas City CCIM chapter and vice president of Grandbridge Real Estate Capital, for a live CCIM-KC webinar last week to discuss Flaherty & Collins’ newest multifamily project in Kansas City.

Located in the Stockyards District, The Yards is a 232-unit multifamily project which saw its first tenant take occupancy in May.   

While Cronk was working on the Union Berkley Riverfront project, he attended an event at the Amigoni Urban Winery located in the Stockyards, a part of town he had never been before, and met developer Bill Haw who had renovated the Livestock Exchange Building which then had more than 110 tenants.

“When I heard that number, I was like wow, there’s 110 people that want to be in the Stockyards. That’s a big deal. That was very intriguing as a developer to see that,” said Cronk.

Despite the fact that the Stockyards then boasted several restaurants, bars and the winery, the Stockyards had only eleven residential units that Haw had recently completed. With a lot of people coming to the Stockyards to eat and drink, Cronk thought there might be a demand for apartments.

Beginning what Cronk called a “very smooth process,” Flaherty & Collins began development of The Yards on a vacant parking lot next to the Golden Ox.

Flaherty & Collins and the City of Kansas City, Missouri entered into an agreement which allowed Flaherty & Collins to use the West Bottoms Parking Garage, which had been under-utilized with the closure of Kemper Arena. Consequently, The Yards did not require any new parking construction.

KEM Studio, located in The Stockyards, was the architect. 

“Nobody had a better feel for what the design of this thing needed to be,” said Cronk.

The Yards incorporates historical aspects from the days when the district was a stockyards. Cronk said they found thousands of old bricks when they ripped up the parking lot to begin construction. Flaherty & Collins restored the bricks and used them both inside the property and in the exterior sidewalks. 

“That was a cool way to keep the fabric of the history of the stockyards in a modern project as well,” said Cronk.

The developer also engaged artist Kevin Townsend to create a large exterior mural in front of the property’s entrance.

The Yards boasts some unique amenities, including a vineyard planted in the middle of its courtyard by Amigoni Winery, who also maintains the vineyard. Cronk said he hopes to use the grapes to develop a house wine to give to new residents.

“It’s also an educational thing where our residents can learn the process of making wine, all the way from the start of growing the grapes to the finish, with Amigoni being across the street,” said Cronk.

Taking advantage of the property’s location near the Kansas River, The Yards also offers its residents the use of kayaks located in a kayak room inside the property.

Cronk said the biggest challenge he faced was obtaining financing which took two years. 

Cronk said the property currently is 43% leased and 34% occupied. Despite the pandemic, the project is actually ahead of budget in terms of occupancy because the developer has been very aggressive with upfront concessions to generate foot traffic. 

The Yards also has approximately 3000 SF of commercial space which is close to being under lease.

Pleased with the success of The Yards, Flaherty & Collins is pursuing approval for a Phase 2. Cronk explained that phase 2 will be a separate project, with a different look. The only bond with The Yards will be that both properties will share the parking garage.

Phase 2, which is planned to contain more than 200 units along with some commercial space, will be located in Kansas and will sit directly on the river. 

Cronk said his company is working with the Unified Government on the development planning, tax abatement and platting processes. He hopes to commence construction on phase 2 in the third quarter of 2021, if not sooner. 

“In Phase 2 we’re really trying to find a unique destination piece for a creative entrepreneur type that wants to do something - something that interacts with the river. Somebody that’s got a great idea and can do something a little bit unique in The Stockyards,” said Cronk.

Cronk said he hopes to continue to build more projects in The Stockyards. “What we saw in the area was a fabric that you can’t replicate anywhere else,” he said.

DBIA panel of leaders shares lessons learned

The final session of the Regional DBIA Virtual Conference Week wrapped up last week, featuring a panel of local leaders who shared lessons learned over their careers.

Panelists included Maria Maffry, principal with BNIM; Andy Heitmann, vice president & operations manager with Turner Construction; Robert D. Regnier, executive chairman and CEO of Bank of Blue Valley; Dave Harrison, president of VanTrust Real Estate; and Mike Orth, executive vice president with Black & Veatch.

Here are the key take-ways from the panel discussion:

1.    Forge Your Own Path

Your career consumes more than 40+ hours of your week. Find something you enjoy. Don’t be afraid to forge your own path.

Robert Reigner talked about the opportunity to work for his dad developing Johnson County, but instead he chose to take a job in banking. His boss mentored him to find out what made him happy.

“Look for people and companies you respect. Promoting from within is important. When you find that, apply yourself and show them what you can do. I started my career as a safe deposit box clerk and left an executive officer," Reigner said.

“Working hard can be a head scratcher when people become billionaires by creating an app, but don’t underestimate hard work. Work hard, work smart and take risks early," Dave Harrison said.

2.    Find Opportunities from Within

Learn and understand your company’s why. From there, your personal skills and creativity can help you provide value to your organization in a unique way.

Maria Maffry joined BNIM in its infancy and was fortunate to know B, N, I and M. This early involvement gave her a special connection with the company’s purpose and culture.

“Thirty years ago, (a) chief business development officer did not exist. Let alone a non-architect leading in that way. The company allowed me to grow and explore. I was able to find opportunities in my organization and craft my role around that. As the firm grew, I was able to grow,” Maffry said.

“COVID has really challenged company culture. We’re all getting really good at Zoom calls, but it takes a toll on culture and collaboration," Harrison said.

The more we empower people to bring their unique skills to the table the more growth we can expect. Those people looking for opportunities to grow within the organization are people we can groom as our replacements.

3.    Failure Is Part Of Innovation

People don’t like to talk about failure. As an industry, we’re usually conservative when it comes to risk, but failure is natural and important.

“I had a boss move on to start another office. As a result, I was thrown into a project. It was probably too early, but I had a great safety net. I learned a valuable lesson to surround myself with a strong team. Lean in to discomfort and always be learning,” Mike Orth said. 

“Early on it’s easy to be a sponge. There is a point in your career where you think you know everything. That’s where adversity finds you. But that is a learning opportunity – it humbles you. How you react to it tells you a lot about yourself," said Andy Heitmann.

It’s important as leaders to be humble and vulnerable. We all have something to learn.

In closing, the panel was asked to address the importance of civic involvement in their careers. Each panelist noted how it contributed to their professional and personal growth and helped them see the needs in their community.

“Do your best to the leave the world better than you found it," said Reigner.

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The next KC-DBIA event is the Annual Golf Tourney on Sept. 16, 2020 at Shoal Creek Golf Course in Kansas City, Mo.