Developer of $75M Crossroads Project: ‘We’ll make 75 percent cap work’

The Detroit-based firm planning a $75 million redevelopment project in the Crossroads Arts District applied for a property tax abatement before the Kansas City Council approved a new 75 percent incentive cap in October. Therefore, City Club Apartments LLC CEO Jonathan Holtzman originally planned to seek a 10-year, 100 percent abatement, followed by five years of 50 percent abatement for the project, which calls for 293 apartments, 10,000 square feet of retail and a 290-space parking garage in the block bounded by 19th, 20th, Walnut and Main streets.

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