Cordish Cos. to Break Ground on Two Multifamily Developments in Kansas City’s Power & Light District
KANSAS CITY, MO. — The Cordish Cos. has announced plans to break ground on two multifamily developments in Kansas City’s Power & Light District. Projects include Three Light Luxury Apartments, a $140 million, 26-story tower set to offer 288 units at the corner of Truman Road and Main Street; and Midland Lofts, a repositioning of the historic Midland office building to offer 139 affordable housing units.
Three Light Luxury Apartments will feature 19 floors of studio, one- and two-bedroom units alongside penthouse-style apartments; a seven-story garage with 472 parking spaces; and 7,600 square feet of ground-floor retail.
Amenities are set to include a deck overlooking 14th Street, an infinity pool, bar, demonstration kitchen, theater room and a sky bridge above Walnut Street linking to the company’s Two Light multifamily community, allowing residents of both towers to share building amenities.
The groundbreaking for the project to be built by JE Dunn Construction is scheduled to take place this May, with completion slated for May 2023.
The Midland office building has been vacant for more than 20 years. Following renovations, Midland Lofts will offers a mix of studio and one-bedroom units with rents starting at $700 per-month.
Amenities will include a coffee bar, entertainment kitchen, fitness center, music room, theater and rooftop deck. Renovations are expected to begin in the third quarter of this year with completion slated for fourth-quarter 2022.
“We are eager to bring the historic Midland building back to life as Midland Lofts,” says Marnie Sauls, executive director of residential management for Cordish Living. “The residential renaissance of downtown Kansas City began with historic conversions and we think it is fitting as we begin this next phase of the renaissance that we are adding both high-rise new construction and a historic renovation of the highest quality to the Power & Light District.”
Local Kansas City architecture and design firm Helix is the project architect for Midland Lofts. RD Jones Interior Design is the interior designer for both the amenity spaces at Midland Lofts and Three Light. Hord Coplan Macht is the project architect for Three Light.
The Cordish Cos.’ origins date back to 1910 and encompass four generations of privately held family ownership. The Baltimore-based firm specializes in real estate development, gaming, hospitality, entertainment management and international urban planning.
— Katie Sloan