Quick Summary
The Broadway, a 17 story, 133 unit mixed-use condominium project located in the thriving Crossroads Arts District in downtown Kansas City, was first conceived of by longtime developer and business owner, Nate Accardo. Nate purchased his first building in the Crossroads in the 1960's and has been a staple in the cultural development of this vibrant area. In 2006, Accardo secured a 50/50 partnership with DST Realty Group to form Broadway Development, LLC. Plans and construction documents began shortly thereafter.
After 1-year of design and permitting, The Broadway was fully-approved to begin construction. By early 2007 the project had pre-sold 35% of all units through it's Sales Center located nearby the site. Decision was made to refund all buyer deposits and sell the property as it was clear the housing market was being dramatically impacted by the looming recession.
Highlights
133 Condominium Units
17 stories
Upscale Retail
Secure Underground parking
24/7 Doorman
Fitness Center
Pet Friendly
Smart Building Amenities
On Floor Trash Disposal
Bamboo Flooring
Private Terraces & Decks
State-of-the-Art Lighting
Walk-in Closets
Ideal Location in Crossroads
Timeline
2006
Broadway Development Forms
Design & Plans Begin
Sales Center Constructed
Project is Fully-Approved
35% of Units Pre-Sold
2007
Recession on Horizon
Decision Made to Withdraw
Buyers Refunded 100%
Land Converted to Green Space