Real Development, the Minnesota group whose downtown Wichita work has been stymied because they say they’re out of money, is proposing a destination resort worth hundreds of million dollars – and partially funded by public incentives – near the Georgia/Florida border.
Greg Fox sees a number of trends in the housing market that he thinks are good.
Home prices in the Wichita area will rise 1.3 percent next year, after falling in 2011 and 2012, according a new housing forecast.
Wichita’s commercial real estate market will likely mimic the area job market in 2013, stable but sluggish.
Incentives and record low interest rates are – very slowly – driving more new home sales, said Wess Galyon, president of the Wichita Area Builders Association.
A $21.5 million industrial revenue bond issue for a downtown apartment and business community received unanimous approval from the Wichita City Council on Tuesday, but not before some council members had a testy exchange from the bench with opponents of public incentives for private projects.
InSite Real Estate Group has begun construction on a medical office development just south of Newton Medical Center.
Seeking to win the “war for jobs,” local businesses have doubled their financial contributions for economic development, local business leaders announced at a Thursday news conference.
Until Thursday, Marty Rueter had never been in Wichita.
The Wichita homes sales report for August contained a couple of good nuggets for sellers: Total home sales were up from a year ago, and new and existing housing inventories were lower.
A prominent Wichita developer angered several Wichita City Council members with a recent e-mail that blasted the city’s new tax abatement policy for speculative commercial buildings as “government cronyism.”
A week after passing new guidelines giving tax breaks to developers of speculative industrial buildings, the City Council granted a 100 percent property tax abatement to a builder planning a middle-size warehouse in south Wichita.
For more than two years, Real Development’s roughly $50 million downtown apartment project has been a zombie, neither completely alive nor dead.
The Wichita City Council has approved a $1-a-year lease for 4.4 acres of city property for developers of the WaterWalk to build an apartment complex.
The residential rental market looks to be on the upswing.
The Wichita City Council approved economic development guidelines Tuesday that will exempt new speculative industrial buildings from property taxes for as long as 10 years.
Tom George is happy with his renovation of Sunnyside Elementary into Sunnyside Apartments now, but two months ago he said he probably would have given a different answer.
J.P. Weigand & Sons officials said Wednesday that it is creating Weigand Residential Rentals and Management, a division of the company that will initially oversee an inventory of 200 homes.
City, county and state dignitaries broke ground Wednesday on downtown Douglas’ first new building in 38 years, part of the first redeveloped, rebranded block in the city’s master plan.
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