KANSAS CITY, Mo. -- Construction is underway on a new apartment high rise in downtown Kansas City -- the first of its kind ever built in the area.
The owners believe it is just the beginning of a major transformation for the downtown area.
This $79 million apartment building is the first of four planned to be built in the Power and Light District.
All of them will be owned by the Cordish Company, the owners of Power and Light, and these luxury apartments are expected to attract more than 1,800 more people to live in downtown. There will be 315 units, and rent will start at $800 a month.
Cordish wanted to build these apartments years ago, but the recession delayed their plans until now.
Power and Light officials said over the past decade, the number of people living downtown has exploded from 5,000 to 20,000 people.
Most downtown apartments are already occupied, and there is still high demand by young professionals who want to live closer to where they work.
This 25 story apartment high rise will help fill that demand, and with four apartment buildings being built over the next eight years, many believe it will transform the downtown area into a vibrant, fun, happening place to be.