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Sat, 27 Feb 2010 10:36:19 -0600

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Campbell KC Homes and Gardens Story

Tue, 12 Jan 2010 13:16:37 -0600

Promising Investment
The Campbell Building transitions from rentals to lofts in one of the best locations downtown.
Promising Investment

The old real estate adage �location, location, location� is certainly true when speaking of the Campbell Building in downtown Kansas City, Mo.

The former apartments have been renovated into 57 one- and two-bedroom condominiums that sit at 1535 Walnut, a stone�s throw from the Power & Light District.

�Location definitely has been the No. 1 seller of the property,� says Anne Marie Bennett, a Reece and Nichols agent for the building.

Abdullah Qandeel, one of the residents at Campbell, purchased his property almost a year ago. After looking at about 40 potential properties in the Plaza and downtown areas, he decided on downtown because of its �movement� and growth. And he chose Campbell because of the �true walkability� of the location and its views that include the soon-to-be-complete Kauffman Center for the Performing Arts. In larger cities like New York, Abdullah says the valuation of homes depends largely on the views, adding that few locations downtown rival Campbell�s panoramas.

Along with site, another benefit of the Campbell Building is that it offers plenty of amenities for residents that include large balconies for outdoor space, a full fitness center with HDTV, laundry facilities on each floor, private parking with one designated space per unit, storage, on-site maintenance, a private wine cellar and a monthly wine club where members receive one bottle free per month for their first year at the building.

The building, renovated in high-end detail, was originally designed and built during World War I by J.C. Sunderland, who was also the designer of the Kansas City Masonic Temple and what are now the Coffee Lofts. The individual units are replete with polished concrete floors, large windows and high ceilings, exposed brick, granite countertops, fireplaces, cherry wood cabinetry and a one-year developer warranty. Homeowners also receive a tax abatement through 2025.

While all downtown lofts and condos benefit from minimal short-term taxes, Abdullah adds that Campbell is more affordable than most other buildings. �Campbell is less expensive because it is a younger property and because there are more vacancies right now,� he notes.

The lofts range from 780 to 1,380 square feet and are priced from $190,000 for a one-bedroom, one-bath loft up to $399,000 for two bedrooms with a full den and two full baths. Anne Marie says about 40 percent of the units are currently sold.

Abdullah adds that one more factor played a role in his decision to buy at Campbell: the developers were willing to work with him. They compromised on issues such as incentives, upgrades on his loft and even improvements to the building.

�If a developer makes a promise and sticks by it, that means a lot,� he says. �When John Bennett Jr. makes a verbal promise, he delivers. They always stuck by their word, and that is worth paying for.�

816.842.6544
kcloftcentral.com

This article originally appeared in the January/February 2010 issue of Kansas City Homes & Gardens.

Gift Card Special

Thu, 03 Dec 2009 15:16:18 -0600

Homebuyer Tax Credit Changes

Thu, 12 Nov 2009 11:35:23 -0600

Condo Loans

Tue, 27 Oct 2009 16:57:05 -0500

Condo Loan Program

Next American Dream

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Campbell KC Star Story

Sat, 24 Oct 2009 14:25:28 -0500

Great Views and attractive financing create brisk sales at Campbell

New residents at the Campbell Building in downtown Kansas City can see the Kauffman Center for the Performing Arts growing bigger and bigger outside their windows every day. Very soon its distinctive glass ceiling will be shining down on this historic condominium building at 16th and Walnut Streets.

Located just two blocks from this exciting new cultural venue, Campbell is home to 57 one- and two-bedroom loft residences. Condo owners can stroll over to see a symphony, opera or ballet. The Kauffman Center will present an amazing range of programming under one glorious roof only a few blocks from home.

�Location, Luxury and Lifestyle, are the cornerstones of developer Master Realty Properties projects and Campbell is no exception,� said Anne Marie Bennett a Reece and Nichols Agent. �Campbell is truly positioned in a premium downtown location. Step out your front door, and you are immersed in the Crossroads Arts District, within strolling distance of First Friday�s galleries, the Power and Light District, the Sprint Center and of course the new Performing Arts Center. For lovers of the arts and eats, it just doesn�t get any better than this.�

Deemed a Kansas City historic landmark, the Campbell Building was designed and built during World War I by J.C. Sunderland, who also designed Kansas City�s Masonic Temple and Coffee Lofts. While polished concrete floors, large windows and tall, concrete ceilings are inherent features of all floor plans, many of Campbell�s units have been upgraded with luxury appointments like large balconies featuring spectacular views, beautifully honed granite countertops, mosaic backsplashes, gas ranges and fireplaces. Other unit features include panoramic views, washer/dryer hook ups, hardwood cabinetry and a one-year developer warranty.

Homebuyers who purchase at Campbell Lofts can also look forward to 18-years of tax abatement (with taxes that average $100-$265 a year), building features include a modern fitness center with a full range of Precor equipment, a private wine cellar and monthly wine club, adjacent private parking, tenant storage, video security access, courtesy patrol and on-site maintenance.

�Condo financing is also convenient at Campbell�, says Bennett. The building has been approved for financing by Wells Fargo Home Mortgage. This prestigious stamp of approval from America�s premier lender can provide qualified buyers with access to 95 percent financing through Wells Fargo. This financing coupled with the government�s tax credit of up to $8,000 for first-time buyers makes this an ideal time for buyers to make their move.

�These condos are selling fast,� Bennett says. �With such a great location, spectacular views and attractive financing it�s easy to see why. Sales on one bedrooms and units with balconies have been brisk and only a few of these units remain, so buyers will need to act quickly as these spectacular views and incentives will not last much longer.�

MRP invites homebuyers to come see for themselves all that Campbell has to offer. Visit us on the web at www.KCLoftCentral.com or stop by our showroom located at 10th and Wyandotte in the Board of Trade Condominiums.

Campbell Lofts
I Location: Campbell, 1535 Walnut; For access and to arrange a tour, go to the KC Loft Central Sales Gallery, 127 W. 10th St. on the southeast corner of 10th and Wyandotte Streets, second floor of Board of Trade Condominiums.
I Contact: Anne Marie Bennett at 816-842-6544.
I Hours: 9 a.m. to 5 p.m. Monday through Friday, Saturday 11-5 and Sunday 1-5.
I Web: www.KCLoftCentral.com.