Butterfield's Bakery joins Lenexa Public Market

Butterfield's Bakery & Market will join Lenexa Public Market tenants this week, debuting their new-concept menu at its grand opening this Friday (December 4, 2020) at 8750 Penrose Lane in Lenexa, Kan.

Kate Smith, chef/owner of current Market tenant Kate Smith Soirée, will serve soups, salads and sandwiches featuring house-made breads for lunch and dinner, brunch on weekends and an expanded menu of pastries and ice cream treats. The restaurant's open layout allows guests to watch as bakers craft fresh breads and pastries throughout the day.

Smith’s specialty French macarons proved popular early on at shopping expos and weddings. In March 2019, she began selling macarons as a day-cart vendor at the Lenexa Public Market, then later expanded to a specialty confections stall, Kate Smith Soirée. When an anchor restaurant space became available in summer 2020, Smith decided to expand even further, offering a new comfort food concept via Butterfield’s Bakery.

Butterfield's Bakery & Market's regular hours begin Dec. 4 as follows: Tuesday-Friday: 10 a.m.-8 p.m.; Saturday: 8 a.m.-8 p.m.; Sunday: 8 a.m.-3 p.m.

The Lenexa Public Market is a unique destination for locally-made foods and goods. The dynamic indoor food hall and market offers local entrepreneurs an opportunity to launch or grow their businesses. The Market is located on the ground level of Lenexa City Hall at 87th Street Parkway and Penrose Lane and is operated by the City of Lenexa.

In addition to anchor, short-term and pop-up merchants, the Market houses a culinary-inspired event space called The Kitchen, which is used for cooking classes, samplings and demos, private events and more. Visit LenexaPublicMarket.com https://www.lenexapublicmarket.com/ for more information.

Office, retail plans emerge to replace former Macy's

A massive, mixed-use vision has emerged for a state-of-the-art renovation to transform the empty Macy’s at 7000 Mission Road in Prairie Village, Kan.

Maryland-based First Washington Realty (FWR) plans to create a 120,000 SF, multi-tenant anchor space for the three-story building, which has sat empty since fall 2019.

The proposed redevelopment includes two levels of retail on Levels 1 and 2. The Offices of the Village would occupy Level 3 and include nearly 39,000 SF of space which can be demised down to as low as 11,000 SF, according to Mike Levitan and Tim Schaffer with AREA Real Estate Advisors, who are leading the office leasing efforts. Depending upon the configuration, tenants would also have access to their own private outdoor terraces.

The new development plans highlight the built-in convenience of dozens of nearby restaurants, retail and grocery shops, salons, a florist, banks and more. Only footsteps away are Tavern in the Village, Dolce Bakery, Cafe Provence, Hen House, TCBY and Rise Biscuits & Donuts, to name a few.

FWR currently owns 103 shopping areas valued at over $5.5 billion in 22 states. Local shopping centers include Brookside Shops, Corinth Square North, Shops at Fairway, Shops of Prairie Village and coming soon - Corinth Quarter.

According to minutes from the Oct. 5, 2020 Prairie Village city council meeting, representatives from First Washington Realty met with Prairie Village mayor Eric Mikkelson and city staff to discuss how the former department store space could be utilized.

If passed, the proposal estimates a completion date for the renovation by spring 2021.

LANE4 releases annual report: Equilibrium emerging for 2020 retail market

Each year, LANE4 releases up-to-date information regarding the retail real estate market throughout the Kansas City metro in their Kansas City Retail Report.

An excerpt from the report, written by LANE4's Michael Berenbom, VP - Investments, follows:

"Perhaps the most indicative trait of the Information Age is the ever-accelerating pace of change. Like so many industries, the retail world has been hit with a shockwave of Amazonian proportions, disrupting consumer behavior, economic policy, technology, and social norms.”

“However, when a pendulum swings dramatically in one direction, it eventually swings back in the direction from which it came, drawing itself slowly toward an equilibrium. The retail pendulum may never reach a perfect balance between where we were decades ago and the height of emerging technology, but there are noticeable signs of movement toward a new middle ground, a balance between traditional retail habits and modern conveniences."

READ LANE4's full 2020 Kansas City Retail Report HERE.

JPMorgan Chase will open full-service bank in former Dean & Deluca space

The former Dean & Deluca space at Town Center Plaza in Leawood, Kan. will find new life as a full-service retail bank, part of JPMorgan Chase's push into the Kansas City market and deeper into Bank of America markets.

The largest bank in the U.S. has signed a lease to expand into the 9,000-square foot former gourmet food purveyor located at the northwest corner of Roe Avenue and 119th Street. An exact opening date is unclear.

Scott K. Miller and Adam Blue of AREA Real Estate Advisors brokered the lease on behalf of the building's owner. The deal comes less than a year after the prime retail outparcel adjacent to Town Center Plaza hit the market.

"We had a lot of interest from premier retailers due to its high-profile location," Miller said. "Everything from restaurants to service retailers and soft goods retailers looked at the space. Ultimately the best fit for everybody ended up being JPMorgan Chase."

Jeff Berg and Coleby Henzlik of Colliers International represented JPMorgan Chase in the transaction.

Last week, JPMorgan Chase announced plans to open its first full-service Kansas City area locations in 2019, with up to 15 branches in the works, according to The Kansas City Business Journal.