Kansas City Approves Incentives For Historic High-Rise Redevelopment

Kansas City's historic Folgers complex will be converted into apartments. | Photo courtesy of Chris Murphy/Flickr
Kansas City's historic Folgers complex will be converted into apartments. | Photo courtesy of Chris Murphy/Flickr

The Planned Industrial Expansion Authority gave final approval to a 15-year property tax abatement that will allow O’Reilly Development of Springfield to move forward with its $35 million plan to redevelop the historic Folgers complex in downtown Kansas City into 146 apartments.

O’Reilly plans to begin construction this May on what it’s calling the Roaster’s Block development. The plan calls for the renovation of both buildings in the old Folgers plant complex, which closed in 2012. The buildings date to 1912.

A non-historic mechanical tower between the buildings will be razed, and the space will be used as a courtyard for tenants. This is O’Reilly Development’s first project in Kansas City. Patrick O’Reilly, grandson of the co-founder of O’Reilly Automotive, and Denise Mathisen are principals in the development firm.

Read more from the Kansas City Star

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