Press & News
Negro League Baseball Hotel included in museum’s expansion project
Published: Jul. 25, 2024 at 5:56 PM CDT
https://www.kctv5.com/2024/07/25/negro-league-baseball-hotel-included-museums-expansion-project/
KANSAS CITY, Mo. (KCTV) - The Negro League Baseball Museum expansion project is growing with two developers promising to bring a 100-unit hotel on top of that expansion and up to 200 apartments next door to it.
The project will be located at 18th and Paseo, just north of the YMCA, which will become the Buck O’Neil Education and Research Center.
Negro League Baseball Museum President Bob Kendrick called it the ideal place for expansion.
“It was that very building that Andrew “Rube” Foster led a group of eight independent black baseball team owners into a meeting,” Kendrick said. “Out of that meeting on February 13, 1920, they walked away having established the Negro National League, the first successful organized black baseball league in the country.”
The museum itself is not moving, but they are calling the expansion a campus that will reside on 2.8 acres of parking lots between Paseo and Grove Street.
Back in 2023, the museum announced its intention to grow with a 30,000-square-foot facility that Kendrick estimated will cost between $25 and $30 million.
“It firmly celebrates our complete commitment to this area, Buck O’Neil would roll over in his grave with the thought of us moving this museum somewhere else,” Kendrick said. “We get to look ahead to continuing to try and increase the vibrancy of this great community known as 18th and Vine.”
The developers partnering with the museum are Grayson Capital LLC and Corbella LLC. Grayson’s Founder and CEO Michael Collins said the hotel would go on top of that expansion.
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Negro Leagues Baseball Museum partners with KC developers for expanded campus
A new state-of-the-art Negro Leagues Baseball Museum building is planned just north of the Buck O’Neil Education and Research Center in the historic Paseo YMCA.
By Thomas Friestad – Staff Writer, Kansas City Business Journal
Jul 23, 2024
Kansas City's Negro Leagues Baseball Museum will pair a state-of-the-art new location with adjacent projects in partnership with two local developers.
The museum announced Tuesday that it will partner with Grayson Capital LLC and Corbella LLC for a visionary campus on 2.8 acres of surface parking and vacant land southwest of 18th Street and The Paseo. The campus will start with an expanded 30,000-square-foot museum facility, just north of the Buck O’Neil Education and Research Center in the historic Paseo YMCA, where Andrew "Rube" Foster established the Negro Leagues in 1920.
The Negro Leagues museum will anchor the 18th & Paseo campus as a destination with artifacts, immersive exhibition and program space. It also will feature an event rooftop deck, event space, expanded retail space, museum store and café. The museum in May 2023 announced plans to triple its current space — in a building shared with the American Jazz Museum at 1616 E. 18th St. — and launched a $25 million capital campaign called Pitch for the Future.
Next to the new facility, the campus will include a 100-key premium hotel, to be designated as the official hotel of Negro Leagues Baseball Museum. The hotel is planned with premium event and conference space and dining options. It also will incorporate artwork, artifacts, interior design features and curated programming that, together with the museum, will further tell the story of the Negro Leagues, its teams and ballplayers.
Rounding out the campus is a new mixed-income apartment development with as many as 200 units southeast of 18th Street and Lydia Avenue. The Kansas City Council in December approved a development agreement with Grayson and Corbella for at least 150 apartments and about 12,500 commercial square feet in two phases on about 2.6 acres of city-owned surface parking. CEO Michael Collins leads Grayson, and Bryan Dennie leads Corbella.
On the whole, the campus promises to enhance cultural, entertainment, residential and transit offerings in the historic 18th & Vine Jazz District. Project partners foresee significant economic and cultural benefits from the more than 162,000 projected annual visitors to the museum, research center and hotel.
"This project is more than just a development, but a visionary experience that pays tribute to the resilience and spirit of the Negro Leagues and the historic 18th & Vine district," Bob Kendrick, president of the Negro Leagues Baseball Museum, said in a release.
The campus team will announce additional project partners in the next few weeks, as well as project designs in the near future. Collins said in an email that the Negro Leagues museum would be built ahead of the hotel and apartments, with those uses potentially being built at the same time, if permitted by construction staging and the site's density. Environmental remediation also is needed for part of the city's surface parking, owing to a past Circle K gas station.
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University Hospitals Opens Health Campus in Amherst
March 20, 2024
By Macie Jepson
AMHERST, Ohio – The new University Hospitals Amherst Beaver Creek Surgery Center (UHABC) is now open to better serve residents in Lorain County. With the additional opening for the new UH Amherst Health Center on the same campus in May, UH is committed to providing state-of-the-art medical and surgical specialty services and other ancillary services in a convenient location.
“As healthcare providers today, it is up to us to make sure that we offer the highest-quality care in the communities where our patients live,” said UH Chief Executive Officer Cliff A. Megerian, MD, FACS and Jane and Henry Meyer Chief Executive Officer Distinguished Chair. “Patients are near their family and friends, who offer the help they depend on as they recover. And of course, we know people enjoy the comfort of their own beds. We could not have done this without the support of both local physicians and investors, including our physician-investors who all helped make this possible.”
The UH Amherst Beaver Creek (UHABC) Surgery Center is a joint venture between University Hospitals, NueHealth, and key local physicians with Foundation Medical Group.
“This state-of-the-art center offers a specialized option for outpatient surgical care—one that is focused on quality, innovation, and careful attention to individual patient needs,” said NueHealth Chief Executive Officer Whitney Courser. “We expect that UH Amherst Beaver Creek Surgery Center will become a preferred regional destination for personalized and cost-effective healthcare.”
“This joint venture is an investment that furthers the great work our providers have been doing in the Lorain County community for many years. This venture is also an investment in convenient and high-quality care once solely offered in the hospital setting,” said Brian Monter, MSN, RN, MBA, Chief Operating Officer, UH West Market.
Six recovery-focused suites will be located in the same building as part of the Muve Orthopedics program, a clinically proven value-based care delivery model for ambulatory surgical centers offered by ValueHealth. The UHABC Surgery Center will focus on orthopedic, spine and ENT-related surgical procedures.
In addition to the ambulatory surgery center, the new UH Amherst Health Center will include a medical office building which will house physicians and other providers in a variety of medical and surgical specialties.
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Grayson Capital takes early development step for new 18th & Lydia apartments
Grayson Capital project — 18th & Lydia/Paseo
Kansas City plans to sell two surplus parking lots at 18th Street and Lydia Avenue, and 18th and The Paseo, to Grayson Capital LLC for phased development with apartments and retail.
CITY OF KANSAS CITY
Thomas Friestad
By Thomas Friestad – Staff Writer, Kansas City Business Journal
Jun 14, 2023
Kansas City and a local builder will start hashing out terms for a phased project that could introduce close to 200 apartments near the 18th & Vine Jazz District.
The City Council last week gave City Manager Brian Platt 90 days to negotiate a development agreement with Grayson Capital LLC and Corbella LLC to build apartments and retail space on respective city-owned parking lots southeast of 18th Street and Lydia Avenue, and southwest of 18th and The Paseo.
The first project phase could entail 144 to 198 studio, one- and two-bedroom apartments, ranging from 500 to 900 square feet, on 1.8 acres, according to a city presentation. Grayson CEO Michael Collins on Monday said his group targets the higher end of that range, at 195 units, 20% of which would be reserved for renters earning up to 60% of the area's median family income (MFI). The complex would have 5,000 square feet of amenities and 120 to 154 parking spaces.
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"Our goal is to make all of these (units) affordable as much as possible for everyone who desires to be in the area, and we think we're going to have a very good product for people who really want to be here," Collins said. "We want mixed-income communities. We don't want siloed communities in any of our developments."
Grayson Capital project — 18th & Lydia/Paseoexpand
This site map shows concepts by Grayson Capital LLC for 144 apartments and 12,400 square feet of retail space on city-owned parking lots at 18th Street and Lydia Avenue, and 18th and The Paseo.
DRAW ARCHITECTURE + URBAN DESIGN
The second phase is further down the road because the site needs environmental remediation, which Collins said stems from past gas station operations. The process is expected to take two years, according to the city. Concepts involve 12,400 square feet of retail on the 0.75-acre site, and Collins said additional multifamily has not been ruled out, though its design would need to account for traffic at the intersection of 18th and The Paseo.
The second phase site also is located just north of a 0.2-acre lot where the Negro Leagues Baseball Museum last month launched a $25 million capital campaign for a potential 30,000-square-foot expansion. Collins said that proximity lends itself to future partnership opportunities with the museum.
"We're doing the work to make sure that what our project is and what theirs are are not only accretive to each other, but also ... helpful in the nature of the design and the aesthetic at the hard corner of 18th and Paseo," he said. "Those are very significant pieces to get right, and that will include significant engagement between the two (parties) as well as engagement of the community."
Grayson's apartment community is planned with transit-oriented components, such as bike share and rideshare services, and a parking ratio under 1:1. It contemplates a shared parking arrangement with the Full Employment Council, which currently uses the phase two lot.
The proposed development is expected to include an incentive request to the Economic Development Corp. of Kansas City. The project also looks to receive equity investment on account of its location in the city's Paseo Gateway Opportunity Zone, according to city materials.
The upcoming development agreement will call for the city to sell Grayson its properties for their appraised value — $603,700 altogether as of this year — the city's presentation shows. The developer then would be required to start construction within 90 days of purchasing the sites and finish work within 30 months.
Grayson plans a different $47 million, 190-apartment complex called The 15 at 1525-1531 Holmes St. in the East Crossroads Arts District. The developer also is looking at multifamily projects in the Austin and Dallas metro areas.
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MONUMENT HEALTHCARE DEVELOPMENT MERGES WITH GRAYSON CAPITAL, CREATING A BRIDGE BETWEEN HOUSING AND HEALTHCARE
NEWS -January 5, 2023
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MONUMENT HEALTHCARE DEVELOPMENT MERGES WITH GRAYSON CAPITAL, CREATING A BRIDGE BETWEEN HOUSING AND HEALTHCARE
Kansas City, MO — Transit-oriented commercial development group Grayson Capital has acquired Monument Healthcare Development. As of the closing in December 2022, Monument has become a wholly-owned subsidiary of Grayson Capital. Monument was previously a wholly-owned subsidiary of Nuterra Capital. Both Grayson Capital and Monument are strong representations of the entrepreneurial spirit that Kansas City is known for. The groups plan to retain their individual identities and clients but will combine their efforts to expand their unique offerings in multi-family and healthcare real estate development.
Grayson Capital is a commercial real estate development firm specializing in transit-oriented multi-family development and public-private partnerships. Founded in April 2022 by former JE Dunn Capital Partners Managing Director and Port Authority of KC President and CEO Michael Collins, Grayson Capital helps foster improved economic equity in urban communities through attainable housing development. Grayson Capital’s recent Kansas City projects include multi-family developments at 15th and Holmes and 18th and The Paseo.
“Acquiring Monument Healthcare Development just made sense for us,” said Collins. “Grayson Capital and Monument are at the nexus of housing and healthcare. We are excited to work closely with the Monument team to continue to bridge the gap between where you lay your head at night and your personal health.”
Founded in 2005, Monument Healthcare Development is a healthcare real estate industry expert, creating lasting healthcare facilities across the Midwest and Northeast including the Aspen Medical Center in Rock Springs, Wyoming, the Orthopedic Surgery Center at Bryn Mawr Hospital in Bryn Mawr, Pennsylvania and Saint Luke’s Southridge Medical Office Building and Ambulatory Surgery Center in Overland Park, Kansas. Guiding their clients from start to finish of their unique projects, the team at Monument has a deep understanding of the unique, changing needs of healthcare real estate and a passion for championing health and wellness in local communities.
Monument Director of Design and Construction Shawn Frost says the group is ready to expand the reach of their business.
“Michael brings a new level of leadership and community connection to our group,” said Frost. “We are excited to learn from Grayson Capital’s expertise and continue to help create meaningful housing and healthcare real estate solutions for our clients.”
After completing the acquisition in December 2022, Collins took over as the CEO of Monument. The will continues to serve its clients as Monument Healthcare Development, a Grayson Capital Company. Together, the companies operate with eight full-time employees in the Kansas City area with plans to grow their team as they add to their portfolio of development work.
ABOUT GRAYSON CAPITAL:
Founded in 2022, Grayson Capital is a commercial real estate development firm providing transportation-oriented development. A minority-owned business, Grayson Capital operates nationwide with a focus in the Midwest in public and private projects from both the client and developer sides. The group offers unique advisory services and project financing. We believe in urban development that inspires economic equity in our communities. Learn more at www.graysoncre.com.
ABOUT MONUMENT HEALTHCARE DEVELOPMENT:
Founded in 2005, Monument Healthcare Development is a healthcare real estate development firm specializing and ambulatory surgical center (ASC) and medical office building (MOB) investments. MHD offers a proven, end-to-end model based on extensive industry experience and rock-solid relationships. In each layer of our methodical approach, we bring our expertise in healthcare to physicians and healthcare systems, so they can realize their first patient day faster in turn-key ASC and MOB real estate assets. Learn more at www.monumenthd.com.
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“Monument Healthcare Development has always been available whenever I’ve had a question and that’s a definite plus. They’ve always been professional. They were very respectful and complimentary with the municipalities we needed to work with to get the project through approval.”
– Mikel Duffy, Director of Real Estate, University Hospitals Health System
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