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AREA Real Estate Advisors

Regency Park Renovations & Leases

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Regency Park Renovations

Regency Park, at 93rd Street & Metcalf Ave in Overland Park, has held strong during a tough year for retail. The center has undergone some major renovations as well as signed several new leases and expansions, keeping the momentum going.

The $32 million renovations included new modern façades, lighting, signage, pedestrian improvements and landscaping. Occupancy was around 50% before the purchase and renovations by Mission Peak Capitol, a real estate investor and developer based out of Kansas City, and is now close to 80%.

The most notable new lease at Regency Park is Chiefs Fit, a 37,000 SF fitness facility opening this month. Other leases and openings since the pandemic include Eye Associates, La Fuente Mexican Street Food, Jersey Mike’s Subs, Energize OP and Star Nails and Spa. TableTop Game & Hobby expanded and joined forces with Cardboard Café to open a gaming café that offers coffee, cocktails and waffles. Petworks Vet Hospital also expanded to double the size.

Click here for the full article from The Kansas City Business Journal.

AREA’s Andy Epstein, Matt Vaupell & Rachel West handle the leasing for Regency Park. Click here to download the leasing package.

Blu Hwy to Open in South Plaza

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Blu Hwy is set to take you on a culinary adventure from its new South Plaza Restaurant! The indoor/outdoor concept will open this summer in the former Black Dirt space at 51st Street & Main.

Local restaurateur, James Taylor’s inspiration for the restaurant is the 1982 book Blue Highways: A Journey into America. The experience at Blu Hwy will represent the American road trip (along the back roads) and the food along the way, also pulling inspiration from his own travels.

The menu will include familiar food, similar to that found on a road trip adventure, pulling flavors and influences from across the country. It will be a seasonal, ever-changing menu representative of American cuisine as it exists today, from coast to coast. Chef Dan Swinney, culinary director for Taylor’s restaurant group, and executive chef Daniel Walker, are creating dishes from all over the map, there is something for everyone to enjoy!

The restaurant will include an open floorplan, indoor/outdoor bar area, and a large outdoor seating area with a streetside window where people can grab food and hangout.  Between the food and drinks, it is without a doubt that guests will be able to choose and enjoy their own adventure!

Click here to read more about Blu Hwy in FEAST Magazine.

Click here for CityScene KC’s article.

AREA Hires Entertainment & Experiential Retail Specialist

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 AREA Real Estate Advisors is pleased to announce that Brad Woods has joined the company as an Entertainment and Experiential Retail Specialist.

Woods brings more than 20 years of experience in business development, client strategy, and project management, coupled with a proven track record of year-over-year revenue growth working for both startups and Fortune 100 companies.

“Over the past year, we have grown despite the challenges of the economy and global pandemic. The addition of Brad will help us further accelerate our company’s growth and solidify AREA’s position as a leading commercial real estate company in the region. After a long year, people are eager for connection,” said Tim Schaffer, president.

Woods has a diverse range of experience with clients in various market segments, including cinema, theme parks, retail, office, and industrial manufacturing. His primary area of expertise is with location-based entertainment and experiential retail clients. He brings a wealth of knowledge and understanding of other retail industries such as hospitality, next-generation mixed-use, and shopping destinations that create world-class experiences through technology and amenities.

“I am excited to help lead clients through the new world order in commercial, experiential, and entertainment real estate. People want to feel safe, but they also want to be part of a community. We are ready to meet that challenge,” said Woods.

Click here to get in touch with Brad!

Smart Warehousing Moves Office HQ to Downtown OP

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Smart Warehousing will join MMGY Global & Wellington at Edison District in Downtown Overland Park. A warehousing and fulfillment company, Smart Warehousing will relocate its current office headquarters from Edgerton, MO.  It will move close to 70 employees to the new 16,000 SF space. The new location allows for continual company growth, while attracting top talent in a new setting. Smart Warehousing will maintain its warehouse space in Edgerton.

Smart Warehousing offers supply chain services to help clients meet their fulfillment needs. They accurately store, pick, pack, and ship products so customers can remain focused on their core business.  Aside from giving its employees a new setting, the company has implemented a growth strategy to increase revenues tenfold by 2025.

Downtown Overland Park has experienced a modern renaissance, becoming a major hot spot in Johnson County.  The main driver behind the Edison District Development has been not only to add more office space to Johnson County, but to add new energy to the area through its working professionals, retail venues and entertainment opportunities.  Smart Warehousing will bring just that and more. We look forward to watching their success unfold in their new space!

Click here for the Kansas City Business Journal’s article on Smart Warehousing’s move.

AREA’s Mary Crowe & Tim Schaffer handle the office leasing, and Tiffany Ruzicka and Rachel West handle the retail leasing at Edison District. To download the leasing package, click here.

Photo courtesy of The Opus Group.

Zona Rosa’s 54th Street Is Renovating

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Zona Rosa’s 54th Street is getting a makeover and a rebrand! This $2 million renovation includes demoing the current bar area and creating a new outdoor recreational area in the courtyard space next door. They will also be expanding their selection to offer 54 beers on tap (served at 29 degrees) and adding a 100-keg cooler.

The outdoor recreational area will be a 10,000 SF addition, which will include 2 large garage doors for outdoor access, 2 pickleball courts, bocce ball, fire pits, outdoor seating, big screen TV, live music and lawn games.

The restaurant is hoping for an October completion. 54th Street has 32 locations over 4 states, with 4 locations in the Kansas City Metro. The Zona Rosa location opened in 2010.

Zona Rosa Town Center is a mixed-use shopping center with many upscale retailers, restaurants, entertainment, office space and luxury apartments.

Zona Rosa Marketing Package

Click here for the Kansas City Star’s article on 54th Street.

Click here for the Fox4 article on 54th Street.