![]() It hired local architecture firm Hoyt, Price, and Barnes to design it with two stipulations: the building had to be classical in design and have two towers. To showcase its success as a financial institution and stature as the leading bank in the city (it was also ranked the 100th largest bank in the country in 1931), the bank spared no expense on the new building. To consolidate them in one place, the bank decided to build a new headquarters. During these years, the bank's employees were housed in three buildings in the financial district. In 1919, the bank merged with National City Bank of Kansas and merged with others in 19. The bank's success continued and it was apparent that more space was needed. It grew quickly and in 1902 bought the Kansas City Post Office Federal Courts building, which housed the town clock. Added to the National Register of Historic Places in 1997, it is now an apartment building.įidelity National Bank & Trust was founded in 1899 and first located in the nearby New York Life Building. The building features a four-story base with fluted pilasters, a series of setbacks, terra cotta decorative elements, and square towers, one of which housed the original town clock. In terms of design, the building represents the transition from Neoclassical architecture to modern styles, in this case Art Deco. The federal government occupied the building from 1946 to 1995 and during that time it was called the Federal Office Building. When completed, it symbolized Kansas City's status as a major banking capital and ushered in the development of the financial district around the Federal Reserve Bank (Kansas City became one of the twelve Federal Reserve bank cities in 1914). Reaching a height of 465 feet (35 stories), the former Fidelity National Bank & Trust Building, which is now known as 909 Walnut, was built in 1932 and is an excellent example of Art Deco architecture. The Kauffman Center for the Performing Arts, Kansas City Convention Center, Crossroads Art District, Sprint Center and all other major downtown employers, cultural, sports, dining and performing arts destinations are within walking distance or reachable by streetcar.This soaring landmark is one of Kansas City's most iconic landmarks. ![]() The building is centrally located in Kansas City’s main business area between the historic riverfront River Market and the Power & Light District. “Few Midwest properties have attracted these types of institutional buyers.”īuilt in 1931 as the headquarters of Fidelity National Bank-liquidated in the Great Depression before the building was completed-909 Walnut now has 152 luxury apartments, 55,238 square feet of office space and a 310-space automated parking facility. “We brought in many interested groups from across the country and some international buyers, which ultimately resulted in a dozen bids for this highly unique property,” remarked Barron. Bradley Barham is Marcus & Millichap’s broker of record in Missouri. The buyer is an affiliate of Worcester Communities. The top 30 floors were transformed into luxury condominium-style residences.”īurkons, Michael Barron and Joshua Wintermute, IPA senior directors, and Max Helgeson of IPA represented the seller, a Dallas-based private investor. The first four floors, including the giant former bank lobby, were converted to incredible single-tenant Class A office space occupied by EPR Properties as their national headquarters. “The developer did a miraculous job restoring the property to its former glory in 2005. “This was a complicated deal involving real estate tax abatement, 152 luxury apartments in a broken condominium project, a parking garage, a publicly traded real estate investment trust as a commercial tenant and tax increment financing,” said Daniel Burkons, IPA senior managing director. The property is the second-tallest residential tower in the Midwest outside of Chicago. The asset sold for $50.3 million and includes an eight-story office building and adjacent parking garage. KANSAS CITY, MO - Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 909 Walnut, a 34-story Art Deco-Gothic Revival-style building in Downtown Kansas City, Missouri.
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