With the help of Sunflower Development Group, Reconciliation Services secured $10.5 million in New Market Tax Credits — $8.5 million from Enterprise Bank and Trust and $2 million from Capital One — in late August. Mathews said Enterprise then purchased the tax credits as the lead investor, which netted more than $3 million for the Reveal Strength Campaign.
Mark Moberly, partner and director of real estate development for Sunflower Development Group, said that when his organization looked into repurposing the Blenheim school it contacted the Tri-Blenheim Neighborhood Association early in the process. The development group focuses on renovating historic buildings.
The $70 million public-private project will deliver 221 apartments and office and retail space to downtown Castle Rock.
Construction is underway on The View at Castle Rock, a $70 million project that will include 221 apartments, 14,242 square feet of office space and 5,000 square feet of retail space. The six-story project is located at Sixth and Jerry Streets and is expected to generate $6.2 million in new tax revenues for the Town of Castle Rock through 2038. The developer for this project is Castle Rock View Investors, which consists of Block Real Estate Services, Sunflower Development Group and First Construction. CT Design is the architect and Vertix Builders is the General Contractor.
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When Kansas City enacted minimum affordable housing set-asides last year, the ordinance’s champions on the City Council described the policy as a common sense reform through which incentive-receiving multifamily projects could play their part in addressing an ongoing crisis.
A new apartment complex is on its way to the former Mission Bowl site at 5399 Martway Street. Mission City Council approved the plan in December 2020, almost six years after a fire destroyed the beloved bowling alley. Sunflower Development Group, the developer building the 161-unit apartment complex, is working toward a November 2023 deadline.
The full article here.
The Keystone Community Corp. aims to engender goodwill among innovators in burgeoning Kansas City industries with the redevelopment of a nonprofit’s former “legacy home” in the East Crossroads. Equity partner Sunflower Development Group has Goodwill of Western Missouri and Eastern Kansas’ former office and warehouse building at 1817 Campbell St. under contract.
We are excited to announce plans for a new mixed-use development in the heart of Midtown, Kansas City.