The project, to be called Seabiscuit Park, will surround theformer headquarters of Farmland Industries Inc. at 12200 N.Ambassador Dr. The 260,000-sf property, owned by the Kansas CityAviation Department, is now called the Ambassador building, and isabout 50% occupied. "It has mix of different users, but is notrelated to what we're doing," Kosoglad says."

He says he doesn't have the exact sf breakdown, but says theproposed park will have at least a couple hundred rooms inthree-to-five hotels. Though the area is around the airport andhotels exist, there's still demand, he tells GlobeSt.com. "We'reworking with several different upscale, select-service hotel usersthat are looking for a place to land here, with restaurants wholike to follow them around the country," Kosoglad says.

The project will also have some five-to-10-story officebuildings, he says. "We hope to have an office user within the nexttwo months, and to start construction right after that," Kosogladtells GlobeSt.com. The project would be complete by 2016, he says.It's not clear how the office market would be served by the newadditions, as the north submarket of about three million sf isabout 30% vacant, the worst market in the Kansas City area.