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KC bank will anchor Corrigan Station addition

Originally published by Kansas City Business Journal
By Rob Roberts
January 18, 2018
 
Construction is scheduled to begin in February on a second-phase office addition to Corrigan Station, a $50 million-plus project anchored by the redeveloped 10-story Corrigan Building, a historic structure at 1829 Walnut St. in Kansas City.
 
Located at the corner of 19th and Main streets in the Crossroads Arts District, the new three-story, 22,910-square-foot addition is scheduled to be completed this fall. It will be anchored by Academy Bank, which has agreed to lease about 5,000 square feet on the ground floor for a new full-service banking center.
 
Subject to regulatory approval, Academy Bank expects to open the new banking center in early 2019. It currently ranks as the Kansas City area's 18th-largest bank by market share of deposits. As of June 30, the bank had 16 area locations.
 
The new bank will feature lots of technological advancements, and its interior will include a central lounge-style environment, with a coffee bar and charging stations for clients' convenience. The bank also will house a community room for use by local business, civic and philanthropic groups that will make meeting space and conferencing services available at no charge.
 
According to a release from Academy Bank, the Crossroads site will advance the planned buildout of its Kansas City footprint, which includes a Fairway banking center that opened in 2016, Academy's merger with Merit Bank in mid-2017 and incorporation of locations in Olathe and Overland Park, and the 2018 opening of a new banking center at Westchester Square in Lenexa.
 
"We are very excited to welcome Academy Bank as our first tenant of the second phase of Corrigan Station," John Coe, a senior vice president at Copaken Brooks, co-developers of Corrigan Station, said in a release. "The innovation and customer appreciation Academy Bank will bring to the building complements Corrigan Station's many amenities and prime location."
 
Developed by Copaken Brooks and 3D Development, the new addition will feature a modern design with a mixture of zinc, concrete and glass. Tenants will have access to a four-story parking structure, plus Corrigan Station's rooftop clubhouse, patio and the Penthouse, which will include a conference room and a rooftop amenity deck on top of the second-phase addition.
 
Between the historic and new Corrigan Station buildings will be a pocket courtyard that will serve as a gathering place for tenants as well as guests. The project is located at one of only two Crossroads stops for the Kansas City streetcar line.
 
"The goal of the Corrigan Station project is to bring companies to the dynamic location of the Crossroads Arts District," Jon Copaken, principal at Copaken Brooks, said in the release. "This new building will be a Class A, multi-tenant office building and bring more employees and innovative companies to the Crossroads area. This project is another step in continuing the rejuvenation of our downtown, a strong vision that Copaken Brooks and 3D Development have for Kansas City."
 
The purchase of the original Corrigan Station building, listed on the National Registry of Historic Places, and adjacent parcels was completed in September 2013.
 
The redevelopment of the historic building portion of Corrigan Station began in 2015 and was completed by the end of 2016. The historic building has now reached full occupancy.
 
"We are very excited about the continued development and final phase of Corrigan Station," Vince Bryant, owner of 3D Development, said in the release. "After successfully completing the renovation of Corrigan Station and bringing in a full list of tenants, we are very motivated to continue the momentum towards this second phase of the project."
 
Bryant has redeveloped two other historic properties in the Crossroads, the former Candle Building now known as the 2101 Broadway Building and the Creamery building located at 2100 Central St. Bryant also is currently involved in the redevelopment of the Kansas City Star historic properties.
 
Helix Architecture + Design is the architect for Corrigan Station. John Coe and Ryan Biery, both senior vice presidents at Copaken Brooks, are responsible for the leasing of Corrigan Station's final phase.

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