Kansas City, MO
The Valentine on Broadway Hotel was constructed in 1927 in a wave of southern expansion along the Broadway corridor of Kansas City. The immediate “Uptown” neighborhood, which includes the adjacent historic Uptown Theater, serves as a bridge community between Kansas City’s downtown and the Country Club Plaza mixed-use shopping district, developed in the early 20th century by the legendary J. C. Nichols.
Designed by one of Kansas City’s pioneering female architects, Nelle Peters, the eleven story Valentine Apartments originally served as a combination hotel and apartment residence and features revival style architectural ornamentation such as a first floor terra cotta arcade and gothic arches on the upper floors.
McCormack Baron Salazar served as developer and general partner in the $18 million complete rehabilitation of this historic register listed landmark into 65 affordable one- and two-bedroom apartments with ground floor retail along Broadway. Amenities include panoramic views from the upper six stories, a fully restored grand lobby/community center, full laundry and fitness facilities, a walled outdoor patio and controlled access parking. Public transportation is readily available at the front entrance. Financing sources included Federal and State Low-Income Housing and Historic Tax Credits as well as a conventional first mortgage.