Sunflower Development Group could start downtown apartment work by spring

Two of the three downtown apartment buildings a Kansas City company is looking to convert into affordable housing.

Two of the three downtown apartment buildings a Kansas City company is looking to convert into affordable housing.

WICHITA — Kansas City-based Sunflower Development Group still has plans to renovate historic apartments from the early 1900s across from WaterWalk, but the project probably won’t start until early spring.

“We’re going to close first quarter next year,” says Jason Swords. “It’s a deal that’s moving forward.”

His group is buying properties at 507 and 509 S. Market and 514 S. Main to redevelop them as affordable housing. The almost $6 million development will be a mix of studio apartments and one-bedroom units.

“The issue that we’ve had is tax credits have been harder to broker on the federal side than they used to be, and we expect that to ease up after the first of the year,” Swords says.

He says 90 percent of Sunflower’s work is with historic rehabilitation.

Swords is interested in Wichita for a number of reasons, including that his wife is from here.

“I’ve been to Wichita … a number of times,” he says. “It’s a quick run from Kansas City.”

Swords also likes the older buildings here.

“There’s a great building stock that needs to be redeveloped.”

Kansas City group to restore historic apartments near WaterWalk

Two of the three downtown apartment buildings a Kansas City company is looking to convert into affordable housing.

WICHITA — A Kansas City group is looking to renovate historic apartments from the early 1900s across from WaterWalk.

“We restore historic properties,” says Jason Swords of Sunflower Development Group.

His group has not yet purchased the properties, which are at 507 and 509 S. Market and 514 S. Main St.

“We’re going to convert the three buildings to affordable housing,” Swords says.

The almost $6 million development will be a mix of studio apartments and one-bedroom units.

Residents will have to meet salary requirements to qualify for the housing.

“We had to work with the people of WaterWalk and the surrounding neighbors,” Swords says.

Sunflower is seeking affordable housing and historic tax credits.

Swords says the city of Wichita has approved bonds for the project, but the state hasn’t allocated the money yet, so he doesn’t want to say too much about the project yet.

Look for more information in the coming weeks.