Wednesday, March 21, 2012

A&R Development picked for $17M Jonestown project - Kansas City Business Journal:

srikanth-topic.blogspot.com
The project falls into the city’s aims to remakew Central Avenue, which has seen a wave of new developmenf in recent years building off the success of nearbyHarbor East. led by Anthony hopes to builda mixed-use development including 107 rental apartments, 18,000 square feet of retai l space and 156 parking spaces. said Tuesdaty it awarded the firm exclusive negotiating rightx forthe city-owned land at 110 S. Centrak Ave. and 1120 Granby St. The properties combine for abouft 29,000 square feet. The BDC, the city’sa economic development arm, offered the property, and two up for redevelopment inAugust 2008.
“These propertiesw give the city the opportunity totake vacant, underutilizes properties and have them renewed as private enterprises that will generate taxes and enhancer the Jonestown/Washington Hill community,” BDC President M.J. “Jay” Brodier said in a statement. The city also tapped Mitehy LLC to negotiate for a second siteat 1301-130 E. Lombard St. Mitey is a real estate compan formedby Gerry’s Tire Service, whicn hopes to use the property to expansd its adjacent business. Mitey plansa to use the 4,518-square-fooyt property in the short term as a temporary parkingg lot for its business and would expanr ontothe city-owned property in the future.
The city is reservinyg the rights for thethird property, at 130 S. Centrak Ave.

No comments:

Post a Comment