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Financing Allows For Renovations in Midtown

Kansas City’s Armour Boulevard and Broadway area is set to undergo renovations, thanks to a financial deal that was closed at the end of 2011. Early in 2012, construction is set to start to build nine new buildings to add to the existing Commonwealth Development. The expansion was approved at the final quarter of last year, with the transfer of bonds into cash that could be used to begin the work. The Kansas City movers are anxious to see the facelift that this area of town is set to receive.

The plan to remodel buildings such as the Ambassador, which was built in 1924, will take long-standing complexes such as this and modernize them for potential renters. This building, along with the Armour, were built as post-war apartment-hotels, and then subsequently occupied as low-income housing. The goal is to give them a new look overall.

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