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Chicago & Midwest  + Midwest  + Office  |  February 13, 2019
By: Paul Bubny

Partnership Seeks Port KC Incentives to Revamp Office Tower

A partnership redeveloping City Center Square in downtown Kansas City, MO has gotten a first round of approvals on incentives from the Port Authority of Kansas City to update the property, the Kansas City Business Journal reported. Somera Road and JE Dunn Construction plan to rebrand the 30-story office tower as the Lightwell Building.

At the authority’s recent meeting, Port KC CEO Jon Stephens said incentives were necessary because the project addresses two problems: it brings more Class A office space into the market, and the improvements will gradually help raise downtown lease rates.

“Kansas City is going through a downtown renaissance; it already has the food, nightlife, retail, entertainment, multifamily and hotels to support the growth,” Somera Road’s Basel Bataineh told the Business Journal. “The only thing missing is a modern, forward-thinking office space to attract new economy jobs. That’s the gap we’re looking to fill.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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