Steve Brettell This is Me

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1. 1. www.downtownkc.org

   www.downtownkc.org/content.asp - [Cached]

   Published on: 3/13/2008   Last Visited: 6/17/2008

   Steve Brettell, president of Alsation, said interior salvage and environmental remediation work has been completed, and demolition is to begin next week.
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   Brettell said construction on his condo project is expected to begin after it obtains enough presales.The marketing effort that had been launched in 2005 with highway billboards and a sales center was curtailed because of the delays.
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   On the positive side, Brettell said having the entertainment district next door will be a tangible amenity for buyers.
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   Despite uncertainties about the downtown condo market for new construction, Brettell is bullish about his project.

2. 2. www.kansascity.com

   www.kansascity.com/business/st - [Cached]

   Published on: 3/12/2008   Last Visited: 3/13/2008

   Alsation had offered $840,000 for the building, but ultimately paid $1.45 million.Steve Brettell, president of Alsation, said interior salvage and environmental remediation work has been completed, and demolition is to begin next week. The city asked the developer to hold off the wrecking ball until after the Big 12 Basketball Tournament.The site for the planned condo project is across Baltimore from the Power & Light District. The Cordish Co. of Baltimore, the developer of the entertainment district, is planning its own high-rise condo development at 13th and Walnut streets.Alsation is connected to Gailoyd Enterprises, the New York owner of the Power & Light Building, an art deco landmark completed in 1931.Brettell said construction on his condo project is expected to begin after it obtains enough presales. The marketing effort that had been launched in 2005 with highway billboards and a sales center was curtailed because of the delays. Even so, the development still has about 15 reservations in hand.One challenge still facing the developer is coming up with a revised estimate of the construction cost. The residential tower and garage, which also includes some retail space, was estimated at $102 million in 2006. However, construction costs have escalated steadily because of inflation.On the positive side, Brettell said having the entertainment district next door will be a tangible amenity for buyers.At this point, the Power & Light Condo project appears to have the lead in becoming the first new high-rise residential tower built in this round of downtown redevelopment.The Cordish Co. condo proposal, which includes a hotel, has yet to be submitted as a formal proposal to the city and will be seeking tax-increment financing assistance.“We plan on promptly moving to the expansion of the hotel tower and submitting an application shortly,” said Blake Cordish, vice president at the firm.Another condo tower proposed by the Accardo family and DST Realty at 18th and Broadway also was dropped last year because of disappointing sales.Despite uncertainties about the downtown condo market for new construction, Brettell is bullish ab However, construction costs have escalated steadily because of inflation.On the positive side, Brettell said having the entertainment district next door will be a tangible amenity for buyers.At this point, the Power & Light Condo project appears to have the lead in becoming the first new high-rise residential tower built in this round of downtown redevelopment.The Cordish Co. condo proposal, which includes a hotel, has yet to be submitted as a formal proposal to the city and will be seeking tax-increment financing assistance.“We plan on promptly moving to the expansion of the hotel tower and submitting an application shortly,” said Blake Cordish, vice president at the firm.Another condo tower proposed by the Accardo family and DST Realty at 18th and Broadway also was dropped last year because of disappointing sales.Despite uncertainties about the downtown condo market for new construction, Brettell is bullish ab
   ...
   Steve Brettell, president of Alsation, said interior salvage and environmental remediation work has been completed, and demolition is to begin next week.
   ...
   Brettell said construction on his condo project is expected to begin after it obtains enough presales. The marketing effort that had been launched in 2005 with highway billboards and a sales center was curtailed because of the delays.
   ...
   On the positive side, Brettell said having the entertainment district next door will be a tangible amenity for buyers.
   ...
   Despite uncertainties about the downtown condo market for new construction, Brettell is bullish about his project.

3. 3. kansascity.bizjournals.com

   kansascity.bizjournals.com/kan - [Cached]

   Published on: 1/7/2008   Last Visited: 1/14/2008

   Steve Brettell, Gailoyd's agent, said the suburban New York-based company paid old Republic's price in December rather than use eminent domain to gain control because condemnation would have taken too long.