Kansas City Business Journal – Lamar Hunt Jr. kicks off downtown KCK revitalization effort

Rob Roberts – Kansas City Business Journal

Loretto Properties LLC, a real estate development firm owned by Lamar Hunt Jr., has kicked off efforts to help revitalize downtown Kansas City, Kan.

The firm has begun renovating the former Katz Drugs building, a three-story, 20,000-square-foot structure at 730 Minnesota Ave. that it purchased from out-of-town owners for $180,000 earlier this year.

In addition, Loretto Properties has reached an agreement to purchase the adjacent 30,000-square-foot, two-story building at 736 Minnesota Ave. for $100,000 from the Unified Government of Wyandotte County/Kansas City, Kan.

Loretto Properties will spend $1.5 million renovating these two buildings at 730 and 736…View Post

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