City Center Square
In 2003, the property was appraised at $38 million when Citigroup underwrote a $29 million loan. Net operating income was $3.1 million. As the real estate market rose, the property was re-appraised in February 2005 for $60 million and Ally Financial (formerly GMAC) underwrote a $44 million 10-year loan. This loan went delinquent in April 2010. An August 2010 appraisal estimated property value at $38 million, below the $41 million remaining principal.
City Center Square was renamed to the Lightwell Building in 2019.
Features
Lightwell is not only a business office but also a hotspot for food and retail in the Downtown area. The building is tall and stands out; the bottom floors "layer" from small to large [1], adding to the uniqueness of the building. Food services includes Jason's Deli. The food court is being remodeled into a food hall [2]. Also included for convenience is a fitness center and a conference room. The building is in the lease up mode with having over 99,000 sq ft (9,200 m) in new, renewed or expanded leases in 2008.
References
- ^ emporis.com - Retrieved January 16, 2008
- ^ "City Center Square". The Skyscraper Center. Retrieved 2017-06-13.
- ^ "City Center Square, Kansas City - SkyscraperPage.com". skyscraperpage.com. Retrieved 2017-06-13.
- ^ City Center Square owners seek Port KC incentives for redevelopment
- Restaurant and convenience guide
- Kansas City, Missouri; An Architectural History, 1826–1990. (Copyright 1992). George Ehrlich. Retrieved August 15, 2007. (Page 166)
External links