KANSAS CITY, MO – The Cordish Companies and Power & Light District announced the grand opening of Three Light Luxury Apartments in Kansas City, MO. Team members from The Cordish Companies and Power & Light District were joined by Mayor Quinton Lucas, City Manager Brian Platt, city officials and distinguished guests from the City of Kansas City, MO to celebrate the opening of the brand-new addition to Kansas City’s skyline.
A landmark tower of gleaming glass, Three Light joins its sister properties, One Light and Two Light – both 97% occupied, as the next phase of luxury living in the Power & Light District. With its own distinctive take on an immersive downtown Kansas City lifestyle that offers convenience and walkability, Three Light sits steps away from the legendary Midland Theatre, Cosentino’s Downtown Market, Kansas City Live!, T-Mobile Center, Genesis Health Clubs, KC Streetcar line, dozens of restaurants, shops and entertainment venues, cultural destinations like the Kauffman Center for the Performing Arts, and forthcoming South Loop Link Park over I-670.
“On behalf of my family and our entire team at The Cordish Companies, we are excited to celebrate the grand opening of Three Light Luxury Apartments and are honored to continue playing a role in the forward momentum of downtown Kansas City,” stated Blake Cordish, Principal of The Cordish Companies. “Like its sister properties One Light and Two Light, Three Light is on par with any residential community in the country. We are extremely proud of what we have delivered with Three Light and know that it will be a vibrant addition to the Power & Light District and the Kansas City skyline for decades to come.”
Since the opening of the nine-city block Power & Light District, which is celebrating its 15th anniversary this year, downtown Kansas City has garnered national attention for its urban renaissance. The transformation has included more than $9.7 billion in public and private investment over the last 15 years, with more than 12,111 new apartment units and 5,326 new or renovated hotel rooms, as well as the KC Streetcar line. The Power & Light District, developed by The Cordish Companies, is the most visited destination in the state of Missouri welcoming over 10 million visitors per year.
“When I reckon about all of the development that’s going on around the Power & Light District, Three Light, and beyond, it’s bringing jobs, it’s bringing excitement,” said Mayor Quinton Lucas, Kansas City, MO. “To my friends at The Cordish Companies, I want to say thank you for not only taking a chance on Three Light, but on the Power & Light District in the early 2000s. Every challenge that has come along the way, from recessions, pandemics, and beyond, you have continued to build and invest and show that even if you are not originally from here, you are right Kansas Citians.”
For nearly two decades, The Cordish Companies has invested in downtown Kansas City, both new construction projects and the restoration of historic buildings including the B&B Theatre and a two-year, multi-million dollar renovation of the Midland Theatre, which first opened its doors in 1927. Earlier this summer, Cordish commenced construction on Midland Lofts, the transformation of the historic Midland Office Building – an underutilized jewel that has been vacant for more than 20 years – to 135 loft apartments. Upon completion in May 2024, Cordish will have added over 1,000 new residences to downtown KC since One Light’s opening in 2015.
“HUD is proud to have been a partner in Three Light since its inception,” said Ken Cooper, Production Division Director, U.S. Department of Housing & Urban Development. “This public private partnership brings together the strengths and expertise of both public and private sectors uniting their resources, knowledge and innovation. The Cordish team has elevated the level of apartment living in Kansas City and its downtown renaissance continues with this development team that’s passionately committed to their projects.”
Located at the corner of Truman Road and Main Street, the new 25-tale, 288-unit building includes a seven-tale parking garage with 472 spaces, as well as 7,600 square feet of ground-level retail space. With units starting at $1,350/month, there is a wide variety of unit sizes and floorplans including spacious studio apartments, one- and two-bedroom units, and designer penthouse apartment homes. Units boast floor-to-ceiling windows with inspiring city views, gourmet kitchens, premium stainless-steel appliances, luxury quartz countertops, full-size washers and dryers, and private balconies in select residences.
“We are incredibly proud to open Three Light as Kansas City’s newest downtown residential community,” said Emelyna Aurich, Director of Property Management for Cordish Living. “The preleasing momentum for Three Light has been remarkable and has exceeded our every expectation. As we open our doors, many of our unit types are 90% leased and we’re on pace to reach our target of 99% in the coming months. Our team has spent countless hours ensuring that every detail was specifically curated for this building. It is a celebration of Kansas City, from murals on the exterior of the building to memorable pieces of art throughout the inside. Everywhere you look, the city’s rich musical legacy and dynamic present day are honored.”

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ALPHARETTA, GA – Phorcys Capital Partners announced its recent acquisition of a seniors housing property located in Greensboro, Georgia. PCP was previously the supermajority creditor on the municipal bonds issued to finance the construction of the project.
The facility, known as The Glen at Lake Oconee Village, consists of 114 units, providing independent living, helped living, and memory care services. The Glen was bought for $26.45 million in August 2023. The facility will continue to be operated by SRI Management.
PCP s strategy largely focuses on seeking distressed and/or overleveraged senior living properties financed by municipal bonds located throughout the United States. Acquisition targets are typically newer vintage assets that require limited rehabilitation costs. PCP focuses on markets with attractive demographics and properties with significant value-add potential.
After years of involvement on the creditor side, we are excited to announce the acquisition of The Glen to our growing seniors housing portfolio, said Vasileios Sfyris, a Managing Partner with PCP. The Glen is located in a unique market near Reynolds Lake Oconee, a desirable area between Atlanta and Augusta.
The acquisition of The Glen expands PCP s presence as a growing player in the senior living sector.
The Glen consists of 114 units in Greensboro, Georgia, a growing exurban area halfway between Atlanta and Augusta. The area benefits from Reynolds Lake Oconee, a master-plotted community anchored by The Ritz-Carlton Reynolds, Lake Oconee. The Glen is also located on Lake Oconee, Georgia s second-largest lake. The ample recreational opportunities and location have made the area a well loved retirement destination.

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DUBLIN, IRELAND – Global real estate investment company Kennedy Wilson has completed three major residential developments in Dublin, Ireland, Coopers Cross, The Grange, and Sanford Lodge that have added approximately 800 units to Kennedy Wilson s Irish multifamily portfolio, which now totals over 3,300 units with another 232 units under development.
As many of our global developments quickly near completion, we are proud to deliver on our promise to bring much-needed residential space and public amenities to Dublin and continue our legacy as one of Ireland s most active real estate investors and operators, said William McMorrow, Chairman and CEO of Kennedy Wilson. We are long-time believers in this vibrant market, and these development milestones mark just the beginning for these communities that continue to raise the bar for residential offerings within the region.
Encompassing nearly an entire city block in Dublin s North Docks, the six-acre Coopers Cross mixed-use development is revitalizing one of the largest undeveloped sites in Dublin s Docklands, forming part of the Strategic Development Zone designed to facilitate the regeneration of the area. The recently completed residential phase includes 471 apartments, and resident amenity and retail space anchored by a new public park in the North Docks.
A significant focus has been place on placemaking within Coopers Cross, where the residences are connected to future Grade A office space with market-leading ESG credentials via a sequence of permeable courtyards and thoroughfares. A generous public square and accessible multi-functional Town Hall space also connects the office space and retail through a garden street to provide a further public amenity for residents, future office occupiers, and visitors to the campus.
Expected to complete by the end of 2023, the 395,000 square feet of new office space at Coopers Cross is designed for maximum efficiency and flexibility with bright, open floorplates, and is targeting world-leading sustainability credentials, including targeted LEED and WELL Platinum, and BREEAM Outstanding. Coopers Cross was the first commercial development in Ireland to achieve a Platinum SmartScore certification, which is awarded to projects demonstrating exceptional intelligent building credentials.
At The Grange, Kennedy Wilson recently delivered 287 new apartments, resident amenity space, and a dedicated day care center, bringing the company s total holding at the Stillorgan project to 539 units. This summer also marked a end line for an expansion for Sanford Lodge Apartments, where 36 new apartment and duplex units with generous private open space are now available for lease just 2.5 kilometers from St Stephen s Green. All new residential projects offer Kennedy Wilson s dedicated resident app, professional on-site management, as well as pet-friendly units. The developments also feature roof terraces, parks, children s playgrounds, fitness centers, business centers, game rooms and resident lounges.
In addition to its developments in Ireland, Kennedy Wilson has an active pipeline of $1 billion in yucky developments across the Western U.S., totaling over 2,800 apartment units. The majority of these projects remain on track to be completed by the end of 2024.

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