Transformation in Troost business district set to finish Spring 2021

As work continues along Troost Avenue, three historic buildings being renovated – Michelson, Shankman and Tycor – will be restored as office and retail space and a proposed museum of regional Native American culture, according to CityScene KC.

Called the Troost Midtown Project, the project was approved for tax incentive assistance more than a year ago.

The process involves light demolition and stabilization of the three historic buildings continues with the Michelson planned to open in Fall 2020 and Shankman and Tycor tentatively planned to open in Spring 2021, according to CityScene.

“These historic buildings are amazing, both structurally and historically,” Tim Bowman, principal partner with Midtown Redevelopment Partners, said. “They’ll talk to you if you listen. I love immersing myself in them, visiting the jobsites and finding the historical treasures they’ve been hiding.”

In May 2019, Bowman and his development group received a 20-year property tax abatement from the Planned Industrial Expansion Authority for the project, 15 years at 100 percent and five years at 50 percent.

Several decades ago in the 1920s through 1950s, these buildings were part of a bustling commercial heart of the Troost business district.

So far the development has already lined up several tenants including AltCap, a lending and financial services firm, and House to Home, a home design showroom, according to Midtown Redevelopment Partners.

If successful, the redevelopment project would join other reinvestment projects on Troost corridor between 27th Street and Armour Boulevard that are expected to add 1,000 apartments as well as a new LaQuinta Hotel, reports CityScene.