A landmark in the downtown Kansas City area is potentially becoming an apartment complex, according to reports from the Kansas City Star. The building is noted as the first modern skyscraper in the area when it was first erected back in 1965. The building used to serve as the headquarters for Commerce Bank until 1985, and currently sits with a 60 percent vacancy. The remodel will offer a solution aimed at filling the building with residential tenants rather than businesses, and would transform the building into a 265 apartment residential space with a small area of the building delegated to commercial tenants. The Kansas City local movers have learned that the existing state of the building is certainly in limbo, with a special server managing the building now following a loan delinquency by the owner last year.
The current proposal was created by the Kansas City Sustainable Development Partners and it would allot floors 10 through 24 for residential purposes, and leaving floors 2-9 and 25-30 as office space to be leased by local businesses and corporations looking to set up shop in Kansas City. The project is predicted to cost $71 million and is up for consideration by the city’s development agency.