Developer Considering New Apartment Project Across from River Market Streetcar Station

KC Commercial Realty Group has acquired this property next to the River Market streetcar station and is considering an apartment development.

By Kevin Collison

The developers of the recently opened Centropolis on Grand apartment project in the River Market are now considering a second apartment development a block away next to the streetcar station on Third Street.

KC Commercial Realty Group, which opened the 56-unit, five-story Centropolis project last year, has acquired property at 110 E. Third St. now occupied by Paw Paws.

David Bayer of KC Commercial Realty said his firm is considering an apartment project at the location, but no final decision has been made.

“It’s right across from the streetcar stop, but the site also sits high and has good views of the city and the river, and it’s in close proximity to the City Market,” Bayer said.

If KC Commercial Realty moves forward with the apartment plan, it would join two other major apartment projects now being built in the River Market: the 140-unit 531 Grand project and the 276-unit Second and Delaware development.

Downtown is experiencing a major apartment boom and developers say the appetite for new units by millennials and empty nesters remains strong.

KC Commercial Realty Group opened the 56-unit Centropolis on Grand apartments last year.

3 Comments

  1. Where are all the cars of the tenants going to park? Where will the cars of the customers park? The River Market has become a hellish nightmare of a place to live and work in.

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