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East Village Housing Component Crumbles
August 4th, 2008 3:06 PM by AJ Gentry
It's disappointing but not shocking that the developer once committed to building 800 residences in East Village has bailed. With the mortgage crisis and a 24 months of downtown condo and loft supply, Sherman Associates decided to cut its losses and move on. Where that leaves the development with just JE Dunn as an anchor only time will tell. Hopefully the city can lure in merchants, restaurants and boutiques, but with retail being impacted too, the development could take years and years vs. 24 months to develop. Does Kansas City have enough of what it housing, retail and entertainment as is. What say you?
Posted by AJ Gentry on August 4th, 2008 3:06 PM
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