AREA BlogKeeping you up-to-date on Kansas City commercial real estate trends.

SOLD! Three Multi-Family Buildings

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AREA’s multi-family team recently sold three properties just outside the KC Metro area. These investments all closed this summer.

Broadway @ 1902: Broadway @ 1902, a 165-unit apartment community in Pittsburg, KS closed in May. The 8-building community, located at 1902 S Broadway Street, was built in 1960, in the heart of Pittsburg. Steps from Pittsburg State University Campus, the multi-family investment sold for $4,612,500.

Meadowbrook Estates: Meadowbrook Estates, a 71-unit community in Warrensburg, MO also closed in May. The 5-building complex, located at 801 Meadowbrook, was built in 1974. Warrensburg, MO is home to University of Central Missouri along with the nearby Whiteman Airforce Base. The multi-family investment sold for $3,500,000.

Stoneleigh Court: Stoneleigh Court, a 156-unit apartment complex in Leavenworth, KS closed this July. Stoneleigh was built in 1962 and sits near Fort Leavenworth Army Base. This multi-family investment sold for $11,450,000.

AREA’s Grant Kollman, Charlie LaBarr and Trevor Hansen represented the sellers in these transactions.

Paragon Star Developers Are Moving Mountains

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Paragon Star’s development team is moving mountains in Lee’s Summit. The daily progress is outstanding, seeing all of the pavement, roundabouts and the team tirelessly working towards the finish line. The mixed-use development is planning for a 2022 completion.

The complex will feature 16 state-of-the-art sports fields, 90,000 square feet each of office and retail suites, entertainment, a hotel, and nearly 400 upscale apartments.

For more information on Paragon Star, click here.

AREA’s Latest Restaurant Openings

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AREA has done it again! We are honored to be a part of the ever-growing restaurant scene around Kansas City.  Below are some exciting restaurants that are opening in the next couple of months that AREA had a leasing hand in.

PRIME SUSHI

Feast Magazine’s ‘must try’ sushi spot, Prime Sushi, is opening its third location in the city at Prairie Village Shops next door to Scratch Gourmet & Express Catering.  Prime’s current locations are in south Plaza and Overland Park offering the largest sushi portions in Kansas City.

The name Prime Sushi could be a little deceiving: the restaurant offers almost a 50/50 balance between raw fish and hot dishes. On the menu, you’ll find Japanese sushi, sashimi and maki rolls and combination platters, as chicken and pork bento boxes. Bowls of ramen and udon noodles sit next to Korean bulgogi and bibimbap bowls. The family owned and operated restaurant has plenty to keep the everyday sushi lover happy.

Not only do these playfully named; generously sized rolls taste great, they are made by professionally trained, skilled sushi masters using fresh fish and creative and fun ingredients.

AREA’s Tiffany Ruzicka handled the real estate transaction.

For more info, visit http://primesushikc.com/

SCRATCH GOURMET EXPRESS & CATERING

Scratch Gourmet Express & Catering is opening its first location in Kansas City and is set to open this Spring in the former Standees space at Prairie Village Shops.  Scratch Gourmet Express and Catering focuses on providing customers with an exceptional food experience. Often our fondest memories revolve around sharing great food with family and friends.

Their award-winning team has traveled the world over the last 15 years, soaking up the authenticity of the international cuisine they serve. They offer a refined modern twist on comfort food, as well as globally influenced recipes that reflect the true melting pot of American cuisine.  The food is always made fresh in-house using carefully selected high-quality and locally sourced ingredients. To view grab and go menus, or place catering orders, click here.

AREA’s Tiffany Ruzicka and Hank Simpson handled this real estate transaction.

PLATE

Plate Restaurant is expanding its footprint with a second location in Leawood this fall. Plates current location is in Brookside at 701 E 63rd Street.  The new restaurant will occupy the 5,972 SF former California Pizza Kitchen space at 11655 Ash Street in Park Place.

The modern Italian eatery, created by local restauranteur Christian Joseph in 2014, features an award-winning dining experience. They serve lunch, happy hour, dinner and weekend brunch with menu items including homemade pizza, pasta, focaccia and other regional favorites prepared daily in the scratch kitchen.

Park Place is the ideal location for this restaurant’s loyal customer base. There is a need for the taste of central Italy, especially their traditional pizzas, in Leawood, and there’s no better location for that than the top-quality office and retail property that Park Place has always been.  Park Place Village is a 483,984 square foot mixed-use property made up of 10-building complex’s that offers a variety of amenities including boutique shops, upscale restaurants and cafés. The surrounding area features the Aloft Hotel, 120 apartments, 30 townhouses and 27 lofts.

AREA’s Rich Duvall handled the real estate transaction on behalf of Plate.

HOMEGROWN

Homegrown, a daytime eatery staple in Wichita, KS, is opening its first Kansas City location this summer in Brookside.  Homegrown offers breakfast, brunch, and lunch with its thoughtful dishes and baked goods everyone is sure to love.  Known for its scratch cooking, HomeGrown uses fresh, locally produced ingredients and shares a passion for cultivating kindness in the community. Top menu items include their home-made pop tarts, avocado toast and brunch cocktails.

Brookside, a trendy neighborhood south of the Country Club Plaza is home to many upscale restaurants and shops, making this the perfect fit for Homegrown.  The Brookside location will be the fourth location in total, with three other locations in Wichita, KS.

AREA’s Tiffany Ruzicka handled the leasing in this transaction

Painted Tree Brushes the KC Market

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The Painted Tree Marketplace will enter the Kansas City market with its first location in Overland Park, KS. Overland Pointe Marketplace will soon be home to this creative community of shops, which features hundreds of local vendors all under one roof. Vendors at The Painted Tree include local shop owners, boutiques, decorators and artisans offering gifts, décor, fashion, soaps, candles, and more. They offer workshops as well.

Painted Tree has locations across Arkansas, Georgia, Illinois, Missouri, North Carolina, Tennessee & Texas. This is the first location in Kansas, opening this fall.

Located on the NE corner of 135th & Antioch Road, Overland Pointe Marketplace is anchored by Sam’s Club, ALDI, Home Depot and Party City. The center will also be home to one of the first Whataburger locations in the market. AREA’s Andy Epstein represented the landlord in this lease transaction.

AREA Properties Recognized as Capstone Award Winners

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lightwell       

The Kansas City Business Journal has released their list of Capstone Award Winners, which reflect and honor the outstanding projects completed throughout the Kansas City area. AREA is pleased to be a part of three project winners – lightwell, MMGY’s Headquarter move to Edison District in the office category, and Artistry KC in the mixed-use category.  To be nominated, each project had to be move-in ready by the end of 2020.

Below is more information on our project winners.

Artistry KC is a mixed-use development at the southeast corner of 19th & Oak contributing to the historic East Crossroads ‘edgy vibe’.  It appeals to both the younger generations and empty nesters, melding state-of-the-art construction with architecture that compliments the current neighborhood. Artistry includes over 340 apartments and 11,256 sf of retail space that is truly a “blank canvas” for restaurant and retail partners to make their mark and create their own space, true to themselves and to their business. AREA handles the retail leasing for Artistry.   Click here to download our marketing package.

Situated in the heart of the financial district, lightwell is a building that carves a distinct silhouette in the Kansas City Skyline.  It is a $20 million class A office redevelopment that has quickly evolved into its very own downtown innovation district.  The building offers amenities many companies are seeking that cannot find or be done in the area, due to the buildings size.  Lightwell provides tenants with a state-of-the-art conference center fully equipped with the technology for virtual meetings, a hospitality style lounge, outdoor roof terrace, upgraded fitness center and ample social spaces. The transformation created a forward-thinking destination workplace with an emphasis on health, wellness, fitness, and food. AREA handles the office leasing as well as property management for lightwell. Click here to download our marketing package.

The Edison District is a mixed-use development that includes over 100,000 square feet of office, 10,000 square feet of retail, Strang Hall food hall, an outdoor event plaza, and a park; creating a truly walkable community. The developers see the Downtown Overland Park project as a suburban/urban hybrid development that adds more of an urban feel to Johnson County, adding amenities that previously were not there.  MMGY Global is the world’s leading integrated marketing company specializing in the travel, tourism, and hospitality industries. The space has a modern look with a variety of common areas mixed with more private space as well. Nexus5 Group was the contractor on the project buildout. GastingerWalker led the charge with the build-out of the space, drawing inspiration from MMGY’s 9 other global offices.

The award ceremony honoring these projects will be held on September 30th at the Arvest Bank Theater.

AREA also represented Mildred’s, Nickle & Suede, Hand & Land, as well as 46Penn in the leasing of their award-winning projects.  To see the full list of the 2020 Capstone Award winners, click here.