41 Penn offers new lofts in historic area, stats show slow summer, Sunset Hill gem on the market

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Architecturally advanced, structurally solid, energy efficient, and really quiet. Those are a few of the features that attract buyers to 41 Penn, loft homes (above) in historic Westport. “It’s also completely new construction, and people really like that,” said Pam McKay, who markets the building for Prudential Kansas City Realty. 41 Penn consists of 32 one- and two-bedroom loft homes, and currently there is one, one-bedroom for sale for $288,000 and five two-bedroom units that range from $300,000 to $400,000. Each owner can customize their loft, choosing materials and colors, or choose from the model condominium that’s professionally designed. The stylish lofts by developer Classical Development feature balconies (below) with views of the city. There’s also underground secured parking; and music, nightlife and dining are just around the corner.

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The modern kitchens (below) feature stainless steel appliances,  custom-made cabinets and large islands.

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Stats show sluggish summer

The latest word from the Federal Reserve depicts only intermittent, patchy spots of continued economic growth, with residential real estate markets across the country characterized as “sluggish,” and commercial real estate conditions garnering a descriptor of “weak.” These “Beige Book” findings are based on anecdotal information collected across the country from businesses and contacts outside the Federal Reserve. Since the central bank’s previous survey snapshot in early June, eight of the 12 regional Fed districts reported that economic activity has continued to increase, although most characterized the improvement as “modest.” Cleveland and Kansas City reported that the level of economic activity in their districts “held steady,” while Atlanta and Chicago said the pace “had slowed recently.”

The overall assessment is considerably more downbeat than the results seen in the June survey, when all 12 districts cited improvements in economic growth. However, the latest conclusions support Fed Chairman Ben Bernanke’s recent position that while economic recovery is still progressing, it has slowed considerably from earlier in the year. Nearly all districts reported sluggish housing markets in the months since the homebuyer tax credit expired on April 30.  The Boston, Philadelphia, Atlanta, and Kansas City districts all reported that they expect home sales to weaken going forward.

A gem in Sunset Hill gated community

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This picturesque French Villa-inspired home sits atop a secluded Sunset Hill gated enclave. The European,

19th-century doors open to a two-story grand room modeled after Rozelle Court at the Nelson-Atkins Museum of Art.The pool, patio and gardens are private and luxurious. Every amenity and feature of this home at 5300 Sunset Drive (priced under $2 million) is extraordinary, listing agent Polly Donnelly with Prudential said. Below, David Johnston with Prudential on the staircase during a recent agent tour luncheon.

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Below, Maria Morton and Buffy Gunter with Prudential check out the door that was imported from Europe.
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Sandy McCray and Veronica Jaster with the Koehler Bortnick team at Reece & Nichols stoppe by and

checked out the gourmet kitchen.

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