Detroit-area developer Jonathan Holtzman’s plan to redevelop nearly an entire downtown block gained steam when the Kansas City Council approved a property tax abatement in March.
Holtzman, CEO of City Club Apartments LLC, formed City Club Apartments Crossroads LLC to develop the site, which includes everything between 19th, 20th, Walnut and Main streets, except for two buildings at the northwest corner of the block.
The $75 million project will have 293 luxury apartments, 10,000 square feet of retail, a 290-space parking garage and a restaurant space, which will be on the site where the Hereford House burned to the ground nine years ago.
The vacant Midwest Hotel, a historic five-story structure at 1925 Main St., will be preserved and will house most of the amenities for the new apartments, including a rooftop pool. Located on the downtown streetcar line and across 20th Street from the Hilton Home2Suites now under construction, the project will include one newly constructed building that will wrap around the Midwest Hotel.
In launching City Club Apartments, Holtzman said his plan was to transform the luxury urban apartment industry by “combining the service and amenities of the very best five-star hotel with luxury urban apartment living.”
City Club Apartments is an owner/developer of luxury rental apartments with approximately 10,000 units in 30 apartment communities, $2 billion in real estate assets and $500 million under development/construction.
The project won’t be designed exclusively for the wealthy. It will include units for all ages and price ranges, said Holtzman, who contends that “nobody is addressing the changing demographic and economic needs of the baby boomers or the millennials.”
