Investments Timeline

Investing in the Future

The Parkway Towers’ Board has a strategic and optimistic Five Year Plan in place to enhance the value of our property. Parkway Towers has a very active condo association with many members that are willing to participate and research what we need to do to improve to our building. One of the priority projects is rebuilding our curtain wall. It is currently sourcing multiple contractors to obtain the most economical price. In addition to the curtain wall, our plan will improve balcony doors and windows. These will be compatible both aesthetically and functionally with the curtain wall. With additional reserve funds we plan on updating the lobby level, specifically the entryway, hallways, kitchen, plus meeting and game rooms. We plan to fund all of these renovations by four different avenues: our current reserves, savings from increasing our HOA dues over the next five years, securing a loan from a commercial lender, and a small special assessment that would occur in 2019. For further details of Parkway Towers’ Five Year Plan, please contact Mike Dee, Building Manager, at manager@parkwaytowers.com.

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Proud of our Past

Since 2003, Parkway Towers has been investing in improvements  to our building in four major areas: Safety & Security, Building Structure, Amenities, and HVAC/Engineering. See how far we’ve come:

  • 2003

    Fire Alarm System: $201,471
    Safety & Security 

  • 2004

    Security system upgrade: $31,632
    Safety & Security
  • 2005

    Balcony renovations: $74,969
    Brick tuckpointing: $129,321

    Building Structure
  • 2006

    Fitness center: $47,258
    Amenities
  • 2007

    Mechanical engineering: $87,262
    HVAC / Engineering
    Garden Terrace: $139,212
    Amenities
  • 2008

    Garage repair: $442,823
    Northwest structural column repair: $226,728
    North retaining wall repair: $16,839

    Building Structure
    Boiler room, Phase I: $600,836
    HVAC / Engineering
  • 2009

    Entrance – canopy, fountain, balcony $35,532
    Northeast structural column repair: $208,692
    Concrete repair: $11,459

    Building Structure
  • 2010

    HVAC & ERV (Phase II): $1,770,967
    HVAC / Engineering
    Reserve Study: $4,850
    Safety & Security
    Update corridors 1 – 12: $306,213
    Amenities
    Service elevator new controller: $34,154
    North slope hill repair: $23,409

    Building Structure
  • 2011

    Cooling tower refurbishment: $10,735
    HVAC / Engineering
    Sprinkler system upgrades: $10,370
    Safety & Security
    Laundry room upgrades & machines: $5,518
    Amenities
    Water supply pipes (Phase I): $35,019
    Southwest structural column repair: $128,352

    Building Structure
  • 2012

    Security system upgrades: $42,939
    Safety & Security
    Wornall landscaping, lighting & carpet: $22,288
    Amenities
    New chiller/ Cold water systems: $297,938
    Building Structure
  • 2013

    Cold water pipe new insulation: $24,000
    Water supply pipes (Phase II): $103,262
    Southeast structural column repair: $139,005
    Window systems condition report: $24,410

    Building Structure
    HVAC expansion couplings: $15,713
    HVAC / Engineering
  • 2014

    Balcony repairs: $104,000
    Building Structure
  • 2015

    Final corner column repair: $110,000
    Elevator replacement: $504,000

    Building Structure

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