Lee's Summit | AREA Real Estate Advisors

Paragon Star Developers Prepare to Kick Into High Gear

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Paragon Star for Website

Paragon Star broke ground and announced it’s project partners two years ago.  Despite people thinking the developers of the development are fatigued, Paragon Star in Lee’s Summit is making progress. $31 million in transportation sales tax revenue bonds have recently been secured to fund roads and infrastructure construction near the 200-acre sports-anchored development in Lee’s Summit.

“D.A. Davidson has helped us complete a crucial milestone in the Paragon Star complex. With the bonds being underwritten, we now have the financing to start construction on the new DDI (Diverging Diamond Interchange) at I-470 and View High Drive, new bridges as well as general infrastructure improvements to existing roads surrounding the soccer anchored mixed-use village” said AREA’s Ben Short.

Developers are working tirelessly towards the finish line and this hurdle allows the team to ramp up the marketing of the project to developers of the pad sites and to tenants in the Village, now that access and utilities to the site will be provided. “I can’t thank our partners, including the city of Lee’s Summit, enough for their hard work” said Ben.

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

For more information on Paragon Star, click here.

To view MetroWire Media’s recent article on the project, click here.

$400M Paragon Star Development in Lee’s Summit

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Developers broker ground late last year on the Paragon Star project in Lee’s Summit, MO.  Paragon Star is a $400 million mixed-use development lead by developers Flip Short, the visionary behind the project, and Bill Brown, president of Spectrum Strategies and Paragon’s coordinator.  Paragon Star will include soccer fields, apartments, a full service hotel, as well as office and retail space. It is a project that has not only been many years in the making, but one that has led the way for other future projects in the area.  It is estimated that the Interstate 470 corridor could see approximately $1 billion in new development over the next ten years.

“Developing the number one complex in the country doesn’t just happen overnight. We have a very intricate private/public relationship and we plan on this being the model for future developments for years to come. By incorporating as many pieces to the puzzle as we can, we have created a site that will truly have a one-stop shop for everyone: whether it be living, shopping, working, eating, playing or biking across the state to St. Louis, we will have it all,” said Ben Short of AREA Real Estate Advisors.

Ben Short has been an integral part in the planning of Paragon Star and will be leading the charge of all real estate transactions that occur at the development.  Ben has been with AREA  since 2013 as an associate retail broker, specializing in tenant and landlord representation.  For more information, click here.