In 2011, the Cosby Hotel building was on the verge of demolition, abandoned and deteriorating on some of Kansas City’s prime real estate. However, thanks to strong support from the Downtown Council of Kansas City and the Historical Society of Kansas City, we recognized its untapped potential. We partnered with local architect Lon Booher to acquire the Cosby Hotel building and restore its rich history.
Originally built in 1881, the building served as a hospital for some of the city’s leading medical professionals and later welcomed the city’s first female physician. In 1899, Joseph Cosby, the building’s namesake, purchased it and transformed it into a 60-room hotel. Known for its luxurious amenities, the hotel was notably the first location where Anheuser Busch delivered beer following the end of Prohibition in 1933.
To finance the restoration, we obtained a 10-year property tax abatement along with state and federal tax credits. The renovation, which cost approximately $2.8 million, focused on preserving the building’s unique character. We retained the Frank Lloyd Wright-designed windows and original flooring, while redesigning the ceilings to reflect the building’s 1800s aesthetic.
Today, the Cosby Hotel stands as a multi-use building, maintaining its presence in the Kansas City skyline and serving as an appealing destination for corporate offices, retail spaces, and dining establishments.
