NorthPoint Development’s $60 million apartment complex, CORE, is heading to the Berkley Riverfront area in Kansas City, Mo.
The Port KC board unanimously approved the development earlier this week, which includes a revenue bond for up to $49 million in financing. The bond will be repaid by NorthPoint and its financial partner in the project, Northwestern Mutual.
CORE, an acronym for Connecting Our Riverfront to Everyone – also named by NorthPoint – will be the second apartment development in the Berkley Park area and Northpoint’s third development in downtown Kansas City in the past couple of years.
