Rendering courtesy of NorthPoint Development.
The Summit Corridor, located just south of I-470 in Lee’s Summit, Mo., is about to expand with a recent $200 million investment that aims to bring an surplus of new amenities and housing to the neighborhood. The investment includes the $85 million Summit Orchards mixed-use project, the $50 million Missouri Innovation Campus, $55 million in retail development and a $10 million, 90-room Holiday Inn Express set to open in 2017.
“The Summit Corridor is an exciting, up-and-coming neighborhood that adds a new dimension and quality of life to Lee’s Summit and really to Eastern Jackson County. The addition of new amenities such as hotels, restaurants and retail stores all help build a more vibrant community,” said Lee’s Summit Mayor Randall Rhoads.
Summit Orchards, a 47-acre mixed-use project, will offer more than 250,000 square feet of office and retail space, as well as will include NorthPoint Development’s Summit Square Residences, a $36 million, 310-unit apartment complex. The project is being developed jointly by Townsend Capital, RED Development and NorthPoint Development.
The Missouri Innovation Campus, along with Cerner’s new data center and Summit Technology Center will create a demand for hotels and housing in the Summit Corridor, according to Rick McDowell, president and CEO of the Lee’s Summit Economic Development Council.
Cerner’s massive new headquarters in South Kansas City and Lee’s Summit’s high-growth environment made the Summit Square project attractive, said Mark Pomerenke, vice president of operations for NorthPoint Development.
“Cerner’s campus is a big game changer for Lee’s Summit," Pomerenke said. "They’re a few stops down the highway and offer high quality schools and plenty of new housing stock in the pipeline. We are hopeful we can capture a good part of that new employment base and we view multi family as part of the housing process."
Work on the project began on August 2nd and is expected to be completed by early 2018.