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Retail | AREA Real Estate Advisors - Part 3

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.

 

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!