Faultless Selling Buildings to Aid KC

Posted July 29, 2015 at 5:27 pm

Faultless Linen recently put four properties in the Kansas City Crossroads Arts District on the block, according to COO Mark Spence. The company plans to sell its headquarters at 19th Terrace and Broadway and look for a new site in the area. The nearby properties for redevelopment include 91,000 square feet (within the three buildings) plus a vacant land parcel. The properties are between 18th Street and 19th Terrace on Broadway, and Central and Washington Street, which is just south of the Kauffman Center for the Performing Arts and the new downtown convention headquarters hotel site.

“There are very few properties of this size remaining in the western portion of the Crossroads Arts District,” said Spence in a news release. “Our company has spent most of its 120-year history in this neighborhood, and we have taken our time to understand how this redevelopment can support the city’s interest in things like the Kansas City streetcar project, density and the need for parking, all while complementing the unique character of this area.”

Faultless Linen, which has operations in Kansas City, St. Louis and Denver, may be a joint venture partner in the redevelopment. Colliers International, managing the offering, said the properties' unique characteristics allow for historic rehabilitation as well as new construction. Click here for details.