$462.2 million. In other words, nearly half a billion. That’s how much money has flooded into Midtown in the past 9 months along the anticipated KC Streetcar extension.
Need a recap? OK. Voters approved taxes for the streetcar extension in June of 2018. However, Jan. 8, 2021 signaled full funding when the Federal Transit Administration granted Kansas City $174 million. Since then, developers have poured in, according to reporting by the Kansas City Business Journal and KCUR.
January — Exact Partners LLC began construction on a $75 million multiphase project at the N.W. corner of 37th Street + Main Street. This includes renovating the historic former Kansas City National Guard Armory.
March — Americo Life and Burns & McDonnell applied to build the $116.2 million Museum Tower at 45th Street + Main Street.
April — VanTrust Real Estate LLC proposed an $83.4 million office tower on the S.E. corner of Main Street + 27th Street. The design included public parking on evenings and weekends.
That same month, Exact Partners LLC contributed to their $45 million investment in Union Hill with a mixed-use conversion of the Aines Farm Dairy Building at 3130 Gillham Road — just a few blocks east of Main.
June — University of Missouri-Kansas City’s Board of Curators approved plans to build 500 student units along the extended streetcar route. The cost is unclear.
July — Lux Living plans to construct a $37.6 million build as a part of the historic Katz building at Westport Road + Main Street. The 6-story, 192 multifamily unit will utilize the drug store portion as an amenities center.
August — Mac Properties presented plans for a $105 million mixed-use project that spans an entire block at Main Street + Armour Boulevard. They hope to offer 425 apartments and 45,000 sqft of commercial space.