925 Grand facts for kids
Quick facts for kids925 Grand
|Alternative names||The Reserve
Federal Reserve Bank of Kansas City
Kansas City, Missouri
|Owner||Great Western Bank of Sioux Falls, S.D.|
|Antenna spire||92.0 m (301.8 ft)|
|Roof||90.8 m (298 ft)|
|Floor area||367,000 sq ft (34,100 m2).|
|Design and construction|
|Architect||Graham, Anderson, Probst & White (original), Focus Architecture, LLC (current)|
925 Grand is the former headquarters of the Federal Reserve Bank of Kansas City and was the oldest building in active use of any Federal Reserve Bank. It was added to the National Register of Historic Places in 2007.
In 1913 Kansas City and St. Louis had a fierce rivalry over which city was to get a headquarters, but in the end, both cities received one. (Missouri is the only state to have multiple headquarters. Among the reasons noted for the award is that former Kansas City mayor James A. Reed, who was on the Senate Banking Committee, broke the deadlock to permit passage of the Federal Reserve Act.
The first bank building was in the R.A. Long Building at 928 Grand, which opened on November 16, 1914, until a new $4.3 million building could be built across the street at 925 Grand, which formally opened in November 1921 in Downtown Kansas City. Shortly after it was established the bank rented space to outside tenants.
In 2008, the Federal Reserve moved to a new building off of Main Street by the Liberty Memorial designed by architect Henry N. Cobb. Townsend, Inc. of Overland Park, Kansas, bought the building for $10.8 million in 2005 and the Federal Reserve continued as a tenant until its new quarters opened in 2008. In 2013, Townsend lost the building when its lender, Great Western Bank of Sioux Falls, South Dakota, took back the property at courthouse auction. A Boston lender is providing funding to a new developer who plans to convert the building into a hotel.
925 Grand Facts for Kids. Kiddle Encyclopedia.