Construction crews are still plugging away to finish new multifamily developments opening in one of Kansas City’s oldest neighborhoods, Union Hill. The finishing date is quickly approaching for 200 new loft-style apartments in the urban, master-developed neighborhood in 16 blocks between Main Street and Gilham Road from 27th Street to the 31st Street corridor.
Now, CBRE will be part of the transformation with the announcement that the firm has been awarded the leasing contract for the new and existing retail space within the development.
Lindy Meyer, a (new) associate broker with CBRE, will be marketing about 55,000 of space designed for restaurants, businesses, and services looking for “prime access” to professionals working and living nearby. According to Union Hill, nearly 1,000 young professionals already live within that district, alongside more than 23 businesses including Home Depot and Costco.
It also neighbors major Kansas City employers like Hallmark Cards, a fully-leased Union Station, the Federal Reserve and Children’s Mercy Hospital.
“A short walk from the Crossroads Arts District, Union Hill preserves history and embraces the future of Kansas City with the Kauffman Performing Arts Center, downtown Kansas City and Country Club Plaza as nearby neighbors,” a release reads.
Retailers will benefit from street-facing retail spaces, including second-floor and rooftop opportunities. More than $1 million in neighborhood and streetscape improvements are also in the works. Trees and increased pedestrian lighting will be added, as will planter beds and new walkways. A state-of-the-art rain water cistern will irrigate the landscape additions.
“It is exciting to market this project and bring additional great amenities to this area of town and to the new and existing residents of Union Hill,” said Lindy Meyer, Associate at CBRE Retail Brokerage, Kansas City.
It’s a development that’s been in the works for 30 years, and soon will emerge as one of the very first new multifamily projects in Kansas City’s urban core since the recession. Read more in our feature with Union Hill developer Bob Frye in this July article.
Interested in checking out Union Hill’s available multifamily units and single-family homes, visit the website here.
Lee & Associates’
Deal of the Week
Jon England of Lee & Associates takes home the deal of the week with a mobile home investment sale. England represented Paussa Properties Inc. in its sale of Westwood Manor Mobile Home Park, 7115 N. Steward Rd. in Liberty, Mo. Comstock Holdings LLC purchased the 79-home site for $2.7 million.
Did you recently negotiate a significant sale or lease? Let us know and we may feature you in our Deal of the Week! Contact managing editor Autumn MorningSky by clicking here.
Mark your calendars for
Toast to Pink
Grab a pink ticket and head to Valencia Place on The Plaza next week! September 4 marks the date of the third annual Toast To Pink Happy Hour. It’s a prime business networking event for those in the commercial real estate industry.
Sponsored by Lockton Companies, RED Legacy and Highwoods Properties, the event will feature cocktails, hors d’oeuvres, prizes, raffle items – and even a fashion show!
All net proceeds from the event will benefit Susan G. Komen Greater Kansas City. Purchase tickets in advance for $25 per person by clicking here. For more information about the event, click here.