KANSAS CITY, MO – The Cordish Companies announced that the keenly awaited $140 million Three Light Luxury Apartments will commence construction this May and that construction on the conversion of the historic Midland office building into the 139-unit, affordably priced Midland Lofts will start this summer. Following the success of its predecessors, One Light and Two Light Luxury Apartments, which have remained 95% occupied throughout the pandemic, Three Light Luxury Apartments will introduce the next stage of urban luxury living in the Power & Light District in downtown Kansas City. Together, these projects will make over 1,000 new construction jobs. Today’s announcements represent a fantastic sign of optimism for the future of downtown Kansas City after a hard year in the midst of the pandemic.
“We are extremely excited to commence construction on Three Light and The Midland Lofts and bring two cranes to the Power & Light District, a sign of new growth and energy downtown following an incredibly challenging year,” said Nick Benjamin, executive director of the Power & Light District and managing director of Multifamily Development for The Cordish Companies. “Each of these projects will be an vital step forward in getting back to the business of downtown’s renaissance and will make over a thousand new construction jobs.”
Three Light will sit at the corner of Truman Road and Main Street at the vibrant intersection of the Power & Light District and Crossroads Art District and will bring another 450 residents to downtown. The 26-tale, 288-unit building will feature 19 floors of studio, one-bedroom, two-bedroom and penthouse apartments, a seven-tale garage with 472 parking spaces, and 7,600 square feet of retail space on the first floor.
“It’s been a fantastic honor to have built with The Cordish Companies on such landmark projects that have changed the downtown Kansas City skyline,” said Jim Coulter, vice president of JE Dunn Construction. “From the vision the company had with the Power & Light District, to One Light, Two Light and now Three Light Luxury Apartments, we are grateful for the relationship we have with The Cordish Companies and the impact the company has had on Kansas City. We look forward to seeing the rest of the company’s vision come to life.”
Three Light will boast over 30,000 square feet of amenities that will rival any apartment or condo building anywhere in the United States, including a deck overlooking 14th Street, an infinity pool, bar, demonstration kitchen and theater room. Additionally, Three Light will have a sky bridge directly above Walnut Street linking it to Two Light, allowing residents of both towers to share their buildings’ social amenities.
The Midland Lofts will sit in the midst of the burgeoning downtown Power & Light District neighborhood, directly connected to the Midland Theater and steps away from Cosentino’s Downtown Market, Onelife Fitness, the KC streetcar line and dozens of restaurants, shops and entertainment venues. An underutilized historic jewel that has been vacant for more than 20 years, the renovated building will include 139 units available for rent featuring multiple open-concept studio and one-bedroom floor plans. Pricing for the units in The Midland Lofts will start at $700 per month.
“We are keen to bring the historic Midland building back to life as Midland Lofts,” said Marnie Sauls, executive director of Residential Management for Cordish Living. “The residential renaissance of downtown Kansas City started with historic conversions and we reckon it is fitting as we start this next phase of the renaissance that we are adding both high-rise new construction and a historic renovation of the highest quality to the Power & Light District.”
Amenities at The Midland Lofts will include an impressive street-level lobby with large windows bringing in natural light, and multiple seating areas for conversation and entertainment, including a coffee bar and entertainment kitchen at the corner of 13th & Baltimore. There will also be a conference room, fitness center, music room, theater, rooftop deck, and various amenity spaces spread throughout the building for ease of resident access.
Local Kansas City architecture and design firm Helix is the project architect for The Midland Lofts. Helix was also the project architect for the historic renovations of the Midland Theater and Mainstreet Theaters in the Power & Light District. RD Jones Interior Design is the interior designer for The Midland Lofts amenity spaces and Three Light. Hord Coplan Macht, the project architect for Two Light, is also the project architect for Three Light.
The architecture and the interior design of The Midland Lofts reflect the rich history and unique character of the building and theater while channeling the upscale finishes and design of One Light and Two Light. While the pricing for apartments in The Midland Lofts will start at $700 per month, the level of end, amenities and attention to detail at The Midland will meet the same high bar as One Light, Two Light and Three Light.
“The Midland Lofts renovation is a significant step in the direction of making downtown KC more broadly accessible to the downtown workforce,” said Emelyna Aurich, director of Property Management for Cordish Living. “We are extremely excited to be introducing so many apartment units to the Power & Light District that are priced below $1,000 per month and we firmly believe The Midland Lofts can be a catalyst for the development of more moderately priced apartment units downtown – both growing our density and making the community more affordable.”
Plans for these projects are more robust today than what was originally outlined in the agreement between The Cordish Companies and the city of Kansas City, Missouri. Original plans called for Cordish to build 68 apartments within the Midland Office Building. The revised plans have 139 total units, and Cordish agreed that one-third of the units in the Midland would be affordable for renters making 80% of the area median income. The updated program for The Midland Lofts has all units priced below that threshold. In addition, 20% of the units in Three Light are priced below the 80% of AMI threshold.
Three Light brings the total amount of streetcar-related investment in downtown to more than $1.1 billion and brings to more than 7,500 the total number of market-rate new construction downtown apartments announced since the beginning of construction of both the streetcar and One Light Luxury Apartments.
Three Light is expected to break ground in May 2021 and be completed in May 2023. Renovations of the 12-tale Midland Office Building are expected to start in Q3 2021 and will be completed in Q4 2022.

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SAN DIEGO, CA – MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its presence in the Inland Empire, announcing the acquisition of The District Apartment Homes. Formally known as The District at Grand Terrace, MG Properties Group bought the property from Tower 16 Capital Partners for $88,000,000.
“We are pleased to be further growing our long-term presence in the Inland Empire, a market that has strong opportunity due to its economic growth, affordability, and convenience,” said Mark Gleiberman, MG Properties Group’s Founder & CEO.
The District Apartment Homes is a class “B” apartment community built in in two phases in 1980 and 1986 in Colton, CA.The Inland Empire is experiencing strong rental demand driven by logistic and healthcare jobs. The property is a value-add opportunity to significantly improve unit interiors in a market which is experiencing high demand for clean and affordable apartments. MG Properties Group owns and manages 7 other apartment communities in the Inland Empire and will be able to enhance management through economies of scale.
MG Properties Group has bought 7 communities in the past 12 months. These acquisitions totaled over 2,100 units and $700 million in combined value. The company is targeting further acquisitions in Washington, Oregon, Arizona, California, Colorado, and Nevada.
The seller was represented by Christopher Zorbas, Alex Garcia and Tyler Martin of IPA. The property was financed with a 10-year fixed rate loan in the amount of $57,200,000 arranged by Brian Eisendrath and Cameron Chalfant of CBRE.

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FORT COLLINS, CO – Mission Rock Residential announced a new management contract in its home state of Colorado, this time for The Wyatt Apartments in Fort Collins. The company has been issued an agreement for the management of the 368-apartment community by Hamilton Zanze.
This newly built community is located off of the Colorado Front Range’s major north-south corridor, I-25. The community sits on 24 acres nestled in southern Fort Collins near the Timnath, Morningside, and Woodland Park neighborhoods. Convenient access to the highway means a sixteen-minute drive to the heart of downtown Fort Collins and Colorado State University.
“The Wyatt is a standout, new rental community on the southern end of Fort Collins, an area that is seeing continuous demand and growth,” said Meredith Wright, President of Mission Rock Residential. “The robust amenity package offers Fort Collins’ wellness-focused residents a rich living experience. We look forward to bringing our best-in-class management practices to this top-notch property.”
One, two, and three-bedroom apartment homes are available within the pet-friendly community. Other stand out features at The Wyatt include large, walk-in closets, pantries, stainless-steel appliances, LED-lit bathroom mirrors, wood-style flooring, quartz countertops, and private patios or balconies. The property’s smart home system, a unique offering for the Fort Collins area, includes smart locks, smart thermostats, smart lights, and a wireless water leak detection system inside each home. Bike & ski repair room, package services, gated security, a state-of-the-art fitness center, and electric vehicle charging stations give the community a high end, luxurious feel.
The Fort Collins metro area, just one hour north of Denver, is becoming a well-loved hub for Northern Colorado residents. The city plays host to robust manufacturing, high tech, higher education, and government sectors with major brands like Anheuser-Busch and Otter calling the city home. As a land grant university, Colorado State University is one of the country’s leading research universities with strong emphasis on vector-borne infectious disease, veterinary medicine, atmospheric science, clean energy technologies, and environmental science – all programs seeing growing interest from today’s student populations.

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