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Monday, October 16, 2017
46Penn Centre Breaks Ground in the Heart of Country Club Plaza

  

46Penn Centre Breaks Ground in the Heart of Country Club Plaza 

Office and Retail Space Intersect Where Work Meets Play

With a ceremonial first turn of the soil, today marks the official start of construction on 46 Penn Centre, a Block Real Estate Services, LLC (BRES) mixed-use development located in the heart of Kansas City, Mo.’sCountry Club Plaza. 46 Penn Centre will feature exceptional office, restaurant and parking space all within steps of the area’s premier entertainment, dining and retail destination.

Situated on the north side of the Plaza, where 46th Terrace meets Pennsylvania Avenue, 46 Penn Centre will feature 14 stories on 1.17 acres, totaling over 220,000 rentable square feet, including approximately 209,500 square feet reserved for office and over 10,500 allocated to restaurants and bank space. The property will feature over 600 covered parking spaces immediately under the building.

“We are thrilled to break ground on 46 Penn Centre, the first multitenant building to be constructed on the Country Club Plaza since 2005,” said 46 Penn Centre developer Kenneth G. Block. “In 2011, we saw an opportunity to revitalize this area with an office building and we’ve taken every step to ensure it will be the most prestigious Kansas City has seen in years.”

46 Penn Centre will be the new home for BRES’ corporate office headquarters. In addition to Class-A office space, world-class amenities will include restaurants and a CrossFirst Bank location accessible from the two-story main entrance lobby, along with an outdoor terrace that overlooks the Plaza.

Desiring exceptional quality and state-of-the-art features, CrossFirst Bank will become the second tenant to occupy 46 Penn Centre, along with BRES. The Leawood-based bank expanded to a temporary location at One Main Plaza in May to better serve its growing client base. As the fourth largest in-area bank and one of the fastest growing companies in Kansas City, CrossFirst Bank leaders believe it is important to have a strong presence in the core of the city.

“We searched extensively for property and kept coming back to the Country Club Plaza,” said CrossFirst Bank President and CEO Mike Maddox. “46 Penn Centre gives us a rare opportunity for a signature bank location in an iconic new building coupled with the history and prestige of the Plaza. We are thrilled to partner in this project!”

CrossFirst Bank and BRES worked through a financing structure that allowed construction to begin with just the two signed tenants, an exceptionally quicker pace compared to past projects that require 40 to 50 percent occupancy before start. CrossFirst Bank will lease more than 30,000 square feet, including the entire top floor, part of the 13th floor and space for a ground-floor bank location. When complete, the new offices at 46 Penn Centre will serve as the headquarters CrossFirst Bank’s Kansas City business and private banking teams.

BRES worked with Hoefer Wysocki Architecture and designed the new development as an ideal location for long-term office space, citing superior construction, building systems and ample parking space. Multiple shades of pre-cast, natural stone, and reflective glass will frame the exterior of the building, while stone clad columns, granite flooring, wood covered panels and additional stainless steel accents greet guests as they enter the two-story main entrance lobby. Nearly 70 percent of the exterior infrastructure is comprised of glass, masterfully crafted with a thermally-insulated Kawneer window wall system designed to reduce energy loss. Additionally, BRES is working toward an exterior lighting system for the building that will truly make it a showcase for Kansas City.

Smart technology will be implemented throughout the building, including a digital control system with energy conservation logic that will continuously monitor power loads to minimize energy consumption while maintaining an ideal working environment. With expected energy savings as high as 30-40 percent in comparison to standard existing buildings, 46 Penn Centre will reduce operating costs, saving energy for all tenants.

All floors are designed with access to private tenant balconies to offer exceptional views of the Plaza’s renowned 15-block district. Restaurant tenants will appreciate the constant flow of customer traffic from the more than 150 neighboring shops and office buildings in the vicinity.

Hoefer Wysocki Architecture, McCown Gordon Construction and SK Design Group were fundamental in designing the vision to life, while CrossFirst Bank, First Security and Polsinelli implemented strategy and development for the project.

Construction on 46 Penn Centre is set to begin in the coming weeks, with completion anticipated for late 2019.

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Tags:    Kenneth G. Block   Block Real Estate Services   Kansas city office