Port KC approves tax incentives for Sunflower Development Group’s Streetcar Lofts project

Kansas City is set to gain hundreds of new apartments by 2027 along the expanding streetcar corridor, with Port KC-approved tax breaks supporting three developments, including the ambitious Streetcar Lofts by Sunflower Development Group.

Kansas City’s Port Authority has approved tax incentives for Sunflower Development Group’s Streetcar Lofts, a significant residential project along the expanding streetcar corridor. The development will replace existing parking lots and vacant land near Martini Corner with five five-story buildings, adding 240 apartments to the area. The unit mix includes 55 studios, 135 one-bedrooms, and 50 two-bedrooms. Port KC has authorized up to $70 million in bonds for the project, which could offer approximately $9.37 million in property tax exemptions over 20 years.

Additionally, Sunflower Development Group will contribute $750,000 to the Kansas City Housing Trust Fund, potentially facilitating the creation of 55 affordable housing units. Construction is anticipated to begin in 2025, with completion expected by 2027.

Learn More at The Kansas City Star.