Developer Plans Apartment Tower In Downtown KC

The Cordish Co. plans to break ground in April on a 25-story apartment project that would be the first residential tower built in downtown Kansas City since 1976. Cordish wants to eventually add three similar residential towers to the downtown Power & Light District.

One Light was first announced a year and a half ago, but Cordish officials said design tweaks to the 315-unit building delayed its construction start. The $79.2 million project is receiving substantial help from the city, a $7.5 million cash subsidy. In addition, Cordish will receive a 25-year, 100 percent property tax abatement for the project valued at $2.87 million. The incentives are viewed as an investment that would spur higher downtown rents and prompt additional new construction.

Read more from the Kansas City Star

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