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KANSAS CITY, MO. — Minneapolis-based Sherman Associates is developing Grand Boulevard Lofts, an affordable multifamily property in Kansas City. The project consists of the conversion of the historic 17-story 1006 Grand building into a 134-unit apartment community. Financing for the project is provided by the Missouri Housing Development Commission, the Department of Housing and Urban Development, the City of Kansas City, Mo., and numerous private institutional lenders and equity investors. Rau Construction is serving as general contractor for the project, which was designed by Rosemann & Associates, Architects. Completion is scheduled for the end of 2010.