CBKC’s success in community-based development is rooted in our model to build, own and manage over the long term. That model has well served properties both long held by the organization and more recent acquisitions.
By the second quarter of 2019, CBKC’s Blue Parkway office building achieved 100 percent occupancy. While Kansas City’s office market is strong, first quarter vacancy rates, according to Colliers International, were more than 8 percent. Built in 2003 with a $10.5 million investment by CBKC, the 69,000-square-foot building has become a community service hub.
CBKC has purposefully attracted a collection of like-minded organizations dedicated to serving the urban core. The newest tenant, Mid-America Assistance Coalition (MAAC) fits that model. An organization offering information systems, training and advocacy to residents and social services providers. MAAC signed a five-year lease for 3,000 square feet and moved into the new space on April 1. The space will house the organization’s LIHEAP (Low Income Home Energy Assistance Program) services while it maintains its headquarters location on Armour Boulevard.
The three-story, Class A building was constructed as the first speculative commercial office building in the area in more than 30 years. CBKC developed it a component of the award winning, massive Mt. Cleveland Initiative, a campus that now includes a 143,000-square-foot, federally qualified health center; more than 300,000 square feet of commercial, office and retail space including a full-service grocery; a daycare facility; affordable housing and other critical resources.
CBKC’s 5008 Prospect renovation was one of the first Central City Economic Development (CCED) one-eighth-cent sales tax-funded projects to complete. Awarded $628,000 to support the project, the renovations allow CBKC to continue to provide incubator space and attract additional jobs and services to the underserved Prospect corridor.
CBKC’s success in community-based development is rooted in our model to build, own and manage over the long term. That model has well served properties both long held by the organization and more recent acquisitions.
By the second quarter of 2019, CBKC’s Blue Parkway office building achieved 100 percent occupancy. While Kansas City’s office market is strong, first quarter vacancy rates, according to Colliers International, were more than 8 percent. Built in 2003 with a $10.5 million investment by CBKC, the 69,000-square-foot building has become a community service hub.
CBKC has purposefully attracted a collection of like-minded organizations dedicated to serving the urban core. The newest tenant, Mid-America Assistance Coalition (MAAC) fits that model. An organization offering information systems, training and advocacy to residents and social services providers. MAAC signed a five-year lease for 3,000 square feet and moved into the new space on April 1. The space will house the organization’s LIHEAP (Low Income Home Energy Assistance Program) services while it maintains its headquarters location on Armour Boulevard.
The three-story, Class A building was constructed as the first speculative commercial office building in the area in more than 30 years. CBKC developed it a component of the award winning, massive Mt. Cleveland Initiative, a campus that now includes a 143,000-square-foot, federally qualified health center; more than 300,000 square feet of commercial, office and retail space including a full-service grocery; a daycare facility; affordable housing and other critical resources.
CBKC’s 5008 Prospect renovation was one of the first Central City Economic Development (CCED) one-eighth-cent sales tax-funded projects to complete. Awarded $628,000 to support the project, the renovations allow CBKC to continue to provide incubator space and attract additional jobs and services to the underserved Prospect corridor.