Historic KC Building Comes Back to Life
ByUC Funds and Gold Crown Properties Inc. opened East 9 at Pickwick Plaza, an apartment and retail community in Kansas City, Mo. East 9 at Pickwick Plaza features 260 units and 35,000 square feet of retail space on the first floor. The two companies worked together to structure and fund a $57 million capital solution for the project, which included a $30 million first mortgage loan, federal and state tax credits and equity. UC Funds also helped the borrower arrange federal tax credits for redevelopment through the National Park Service.
Situated at 933 McGee St., East 9 at Pickwick Plaza is located in close proximity to interstates 35, 70 and 670. Due to its location, the asset has attracted a diverse group of renters, many of whom are Millennials looking to move to downtown Kansas City…
