Kansas City’s iconic art deco skyscraper, the Power & Light Co. Building, would become a 220-unit apartment tower as part of a $60 million plan by a deep-pocketed local firm. Northpoint Development has a contract to buy the landmark from its New York owner and wants to renovate the 36-story tower into luxury apartments and build a 465-space garage next door that would be wrapped with another 50 new apartments facing the street.
If NorthPoint receives its necessary city approvals for incentives, construction would begin this fall with completion expected by late 2015 or early 2016. The building has almost become a ghost tower since its namesake tenant, Kansas City Power & Light, left in 1991.
The lone remaining tenant is BNIM Architects, which occupies the first three floors. Other attempts to redevelop the landmark have fallen through.