Renovation Mortgage Loans in Kansas City
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All about Kansas City
Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the most populated municipality and historic core city of the Kansas City metropolitan area, which straddles the Kansas–Missouri state line and has a population of 2,392,035. Most of the city lies within Jackson County, with portions spilling into Clay, Cass, and Platte counties. Kansas City was founded in the 1830s as a port on the Missouri River at its confluence with the Kansas River coming in from the west. On June 1, 1850, the town of Kansas was incorporated; shortly after came the establishment of the Kansas Territory. Confusion between the two ensued, and the name Kansas City was assigned to distinguish them soon after.
Sitting on Missouri’s western boundary with Kansas, with Downtown near the confluence of the Kansas and Missouri Rivers, the city encompasses about 319.03 square miles (826.3 km2), making it the 23rd largest city by total area in the United States. It serves as one of the two county seats of Jackson County, along with the major suburb of Independence. Other major suburbs include the Missouri cities of Blue Springs and Lee’s Summit and the Kansas cities of Overland Park, Olathe, Lenexa, and Kansas City, Kansas.
The city is composed of several neighborhoods, including the River Market District in the north, the 18th and Vine District in the east, and the Country Club Plaza in the south. Celebrated cultural traditions include Kansas City jazz; theater, as a center of the Vaudevillian Orpheum circuit in the 1920s; the Chiefs and Royals sports franchises; and famous cuisine based on Kansas City-style barbecue, Kansas City strip steak, and craft breweries.
Source: https://en.wikipedia.org/wiki/Kansas_City,_Missouri
History of Kansas City
In the 21st century, the Kansas City area has undergone extensive redevelopment, with more than $6 billion in improvements to the downtown area on the Missouri side. One of the main goals is to attract convention and tourist dollars, office workers, and residents to downtown KCMO. Among the projects include the redevelopment of the Power & Light District, located in the area to the east of the Power & Light Building (the former headquarters of the Kansas City Power & Light Company, which is now based in the district’s northern end), into a retail and entertainment district; and the Sprint Center, an 18,500-seat arena that opened in 2007, funded by a 2004 ballot initiative involving a tax on car rentals and hotels, designed to meet the stadium specifications for a possible future NBA or NHL franchise, and was renamed T-Mobile Center in 2020; Kemper Arena, which was replaced by Sprint Center, fell into disrepair and was sold to private developers. By 2018, the arena was being converted to a sports complex under the name Hy-Vee Arena. The Kauffman Performing Arts Center opened in 2011 providing a new, modern home to the KC Orchestra and Ballet. In 2015, an 800-room Hyatt Convention Center Hotel was announced for a site next to the Performance Arts Center & Bartle Hall. Construction was scheduled to start in early 2018 with Loews as the operator.
From 2007 to 2017, downtown residential population in Kansas City quadrupled and continues to grow. The area has grown from almost 4,000 residents in the early 2000s to nearly 30,000 as of 2017. Kansas City’s downtown ranks as the 6th-fastest-growing downtown in America with the population expected to grow by more than 40% by 2022. Conversions of office buildings such as the Power & Light Building and the Commerce Bank Tower into residential and hotel space has helped to fulfill the demand. New apartment complexes like One, Two, and Three Lights, River Market West, and 503 Main have begun to reshape Kansas City’s skyline. Strong demand has led to occupancy rates in the upper 90%.
While the residential population of downtown has boomed, the office population has dropped significantly from the early 2000s to the mid 2010s. AMC and other top employers moved their operations to modern office buildings in the suburbs. High office vacancy plagued downtown, leading to the neglect of many office buildings. By the mid 2010s, many office buildings were converted to residential uses and the Class A vacancy rate plunged to 12% in 2017. Swiss Re, Virgin Mobile, AutoAlert, and others have begun to move operations to downtown Kansas City from the suburbs as well as expensive coastal cities.
Source: https://en.wikipedia.org/wiki/Kansas_City,_Missouri
Geography of Kansas City
The city has an area of 319.03 square miles (826.28 km2), of which, 314.95 square miles (815.72 km2) is land and 4.08 square miles (10.57 km2) is water. Bluffs overlook the rivers and river bottom areas. Kansas City proper is bowl-shaped and is surrounded to the north and south by glacier-carved limestone and bedrock cliffs. Kansas City is at the confluence between the Dakota and Minnesota ice lobes during the maximum late Independence glaciation of the Pleistocene epoch. The Kansas and Missouri rivers cut wide valleys into the terrain when the glaciers melted and drained. A partially filled spillway valley crosses the central city. This valley is an eastward continuation of the Turkey Creek Valley. It is the closest major city to the geographic center of the contiguous United States, or “Lower 48”.
Downtown Kansas City is an area of 2.9 square miles (7.5 km2) bounded by the Missouri River to the north, 31st Street to the south, Troost Avenue to the East, and State Line Road to the west. Areas near Downtown Kansas City include the 39th Street District, which is known as Restaurant Row, and features one of Kansas City’s largest selections of independently owned restaurants and boutique shops. It is a center of literary and visual arts, and bohemian culture. Crown Center is the headquarters of Hallmark Cards and a major downtown shopping and entertainment complex. It is connected to Union Station by a series of covered walkways. The Country Club Plaza, or simply “the Plaza”, is an upscale, outdoor shopping and entertainment district. It was the first suburban shopping district in the United States, designed to accommodate shoppers arriving by automobile, and is surrounded by apartments and condominiums, including a number of high rise buildings. The associated Country Club District to the south includes the Sunset Hill and Brookside neighborhoods, and is traversed by Ward Parkway, a landscaped boulevard known for its statuary, fountains and large, historic homes. Kansas City’s Union Station is home to Science City, restaurants, shopping, theaters, and the city’s Amtrak facility.
After years of neglect and seas of parking lots, Downtown Kansas City is undergoing a period of change with over $6 billion in development since 2000. Many residential properties recently have been or are under redevelopment in three surrounding warehouse loft districts and the Central Business District. The Power & Light District, a new, nine-block entertainment district comprising numerous restaurants, bars, and retail shops, was developed by the Cordish Company of Baltimore, Maryland. Its first tenant opened on November 9, 2007. It is anchored by the T-Mobile Center, a 19,000-seat sports and entertainment complex.
Source: https://en.wikipedia.org/wiki/Kansas_City,_Missouri
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Diandrai Webb
Producing Branch Manager // Retail // NMLS #893074
Diandrai (D’Andre) Webb is a Mortgage Banker – Renovation Specialist in Overland Park, KS. He has over a decade of residential real estate finance and renovation home lending experience. Diandrai can offer a variety of Mortgage Programs but specializes in Renovation Mortgage Programs such as the FHA 203k, Fannie Mae HomeStyle (Conventional Renovation Loan Program), VA Renovation Loan Program, as well as 100% financing of Purchase Price and Renovation Budget.
Diandrai earned a Master’s Degree in Business Administration (M.B.A.) from the University of Central Missouri in Warrensburg, MO with an emphasis in Marketing & Finance in December of 2002. Diandrai is currently licensed in KS, MO.
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Diandrai Webb
Loan Officer // Renovation Specialist // NMLS #893074
Diandrai (D’Andre) Webb is a Mortgage Banker – Renovation Specialist in Overland Park, KS. He has over a decade of residential real estate finance and renovation home lending experience. Diandrai can offer a variety of Mortgage Programs but specializes in Renovation Mortgage Programs such as the FHA 203k, Fannie Mae HomeStyle (Conventional Renovation Loan Program), VA Renovation Loan Program, as well as 100% financing of Purchase Price and Renovation Budget.
Diandrai earned a Master’s Degree in Business Administration (M.B.A.) from the University of Central Missouri in Warrensburg, MO with an emphasis in Marketing & Finance in December of 2002. Diandrai is currently licensed in KS, MO.
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