Historic Aladdin Hotel Returns As Low-Rent Mini-Apartments

Actually . . . A pretty great idea that Kansas City politicos will ruin with a great deal of meddling and mandates for favors to supporters.

Here's the #TBT bright side report . . .

There will be 122 apartments ranging in size, but the average unit will be around 600-square feet.

The developer said with these smaller units they're able to keep prices between $1,400-$1,700 a month.

"I think what makes it work is you can have those smaller units, you can fit more density in the downtown area, but you still have a higher rent per square foot, but not necessarily a high chunk rent," he said.

Read more via www.TonysKansasCity.com link . . .

The Aladdin developer sets out to make housing 'affordable' in downtown Kansas City

In a city that continues to develop, how do you keep housing and rent affordable? Zach Molzer with Molzer Development is turning the former Aladdin Hotel into apartments.