Creating Real Estate Solutions
Federal Reserve Bank

Zimmer began consulting with the Federal Reserve Bank of Kansas City in 2000 as the Bank began considering options for expanding their existing facility or building a new facility to meet their need for more space.  When the decision was made to build a new facility, Zimmer assembled a 15-acre site near Crown Center which met the Bank’s requirements for  location, cost, and security setback requirements.

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Services Provided:
Land Assembly
Planning and Development
Negotiating Regulations
Project Cash Flow and Cost Control
Design Management
Construction Management
Complex Site Work
Infrastructure
Land and Building Sales
Lease Negotiation

Project Data:
Size:  600,000 SF
Cost:  $287 Million
Completion Date:  2008
While the new project was being planned and constructed, Zimmer negotiated leased space for the Bank to cover their temporary needs.  In 2004, Zimmer marketed and sold the existing 435,000 square foot building at 925 Grand Boulevard, which was constructed in 1921.  The sale included lease-back provisions, allowing the Bank to remain until completion of the new facility.

In 2003, Zimmer was selected by the Federal Reserve Bank of Kansas City as their Project Advisor for design, construction, and occupancy of the new bank headquarters for Region 10 of the Federal Reserve Bank.  It is located on a hillside immediately south of the Liberty Memorial and east of Penn Valley Park, with Crown Center as its neighbor to the northeast.  The new facility is 600,000 gross square feet with a separate vehicular screening/inspection facility and a 1,100-car parking garage.  The project includes a high-rise office tower with a large three-story base that incorporates the Bank’s vault, check and cash processing function areas, building services, and employee amenity facilities such as a conference center, dining facility, and fitness/aerobics center, in addition to security functions.  The building represents the state-of-the-art in technology, with physical security and vehicular security being of primary importance.

As Project Advisor, Zimmer’s primary responsibilities included development and management of the master schedule and the project budget and accounting system; interaction with the design firms and construction manager; the management of the relationship and agreements with the City of Kansas City for approvals, entitlements and permitting; assistance with procurement of special consultants; move management; and supplier diversity programs.  Additionally, Zimmer was actively involved in the coordination and administration of the construction phase and provided on-site management representation.  Zimmer was also responsible for the overall management plan, monthly reporting, and for managing issues such as quality control and quality assurance during both the design and the construction phases.

Other team members included architects Pei Cobb Freid with Ellerbe Becket, and J.E. Dunn Construction Company.
 

project experience

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