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.
Related Posts

Mission Peak’s Wit Solberg Talks Servicing and Investing in Mount Street
Mission Peak CapitalMay 19, 2021

Mortgage mess on commercial properties could last 5-7 years, says this real estate veteran
Mission Peak CapitalMay 19, 2021

Mission Peak talk Regency Park retail occupancy, available space
Mission Peak CapitalMay 19, 2021