Aladdin Hotel Converts to 122 Apartments

A $38 million redevelopment turns the former downtown Kansas City hotel at 1215 Wyandotte St. into leasing apartments.

Updated on Nov. 11, 2026 in Apartments

Aladdin Hotel Converts to 122 Apartments

Live Poll

Should Kansas City convert more old downtown buildings into apartments?

The Aladdin, a 16-story building at 1215 Wyandotte St. in downtown Kansas City, has been converted into a 122-unit apartment building through a $38 million redevelopment led by Molzer Development. The building is open and leasing, and tenants have already moved in.

Why it matters

The project adds apartment supply to downtown Kansas City by reusing a more than century-old building that had sat vacant after the hotel closed around the start of the COVID-19 pandemic. Its preserved historic details also show how older downtown structures can be repurposed for residential use.

The $38 million redevelopment yields 122 units, with listed rents starting at $979 for a 14th-floor studio and reaching $1,575 for a one-bedroom. Occupancy and the complete rent range across the building have not been disclosed.

The players

Molzer Development

Molzer Development is the development firm that led the takeover and redevelopment of the Aladdin building in downtown Kansas City.

The details

Molzer Development took over the building by early 2025 and began construction that year, restoring historic fixtures such as a new entrance chandelier. Crews uncovered concealed windows, a barrel ceiling in the ballroom area, and zebra print wallpaper, which are being kept on display, while the former Zebra Room cocktail lounge is now a resident fitness center. Amenities include a mini-market, private underground parking, a sauna, workrooms, a ballroom lounge, in-unit laundry, and backlit bathroom mirrors.

Over 100 years ago: The Aladdin building was constructed.
Around early 2020: The Holiday Inn hotel closed as the pandemic began.
Early 2025: Molzer Development took over the building and began construction.
Late 2026: The Aladdin opened and began leasing.
Dec. 10, 2026: An invitation-only grand opening event, 'Twas the Night at the Aladdin, is scheduled.

Market Context

The Aladdin conversion follows a pattern of adaptive reuse in downtown Kansas City, where older hotel stock is repurposed into residential units rather than demolished. Its preservation of original architectural details places it within that broader effort to add housing while keeping the core's historic character.

Renters considering downtown Kansas City can look at units in the Aladdin with listed rents from $979 to $1,575, which include in-unit laundry and access to amenities such as private underground parking. The grand opening event on Dec. 10 is invitation-only, so the public will not be able to attend it.

The takeaway

Adaptive reuse of older hotels can add housing to a downtown core while preserving historic features that residents can see and use. Renters comparing options should weigh listed rents against amenities such as parking, laundry and fitness access.