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$25-Mil Office Plans In Doubt After Sale

KANSAS CITY-Tax Increment Financing plans had called for construction of a $25-million office building. DST Realty Inc. has no immediate plans for a site that once was slated for a 180,000-sf office building.

By Judie Burkhalter | Updated on April 16, 2001

KANSAS CITY-DST Realty Inc. has acquired another property in here and possibly two with the decision by the Tax Increment Financing Commission to agree to let it take over plans from Highwoods Properties Inc. to construct a $25-million office building on the south edge of the Country Club Plaza. DST Realty will also be allowed a two-year lease and option to buy on the 12-story existing structure located next to proposed building site in the 4900 block of Main Street.

Earlier plans filed by the J.C. Nichols Company in 1997 before being purchased by Highwoods Properties, called for Nichols to construct a 180,000-sf office building with a 530-car parking garage at the 4900 Main St. site.

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