Parade Park’s next chapter is a bold vision for affordable and modern housing

Parade Park Homes, established in 1963, holds a significant place in Kansas City's history as the city's oldest Black-owned housing cooperative. Situated near the historic 18th and Vine District, the complex originally featured 510 townhouse units, providing affordable housing and fostering a sense of community among its residents. 

Over the years, Parade Park faced numerous challenges, including deteriorating infrastructure and financial difficulties. By 2022, the cooperative defaulted on a $10 million loan, leading the U.S. Department of Housing and Urban Development (HUD) to take control of the property. Inspections revealed unsafe living conditions, prompting HUD to initiate foreclosure proceedings in 2023. 

In response to these challenges, Kansas City officials developed a plan to preserve and revitalize Parade Park. In December 2023, the City Council authorized the acquisition of the property from HUD, aiming to protect current residents and prevent displacement. The city partnered with Flaherty & Collins Properties, a real estate developer based in Indianapolis, to spearhead the redevelopment efforts. 

The redevelopment plan, announced in early 2024, is a comprehensive $275 million initiative designed to transform Parade Park into a vibrant, modern community. The project envisions the construction of over 1,000 new residential units, including market-rate, affordable, family, and senior housing options. Additionally, the development will feature 15,000 SF of commercial space and 26.61 acres of open space, enhancing the neighborhood's appeal and functionality. 

Above: The Parade Park Homes redevelopment Master Plan showing the breakdown of housing categories. Image courtesy of the City of Kansas City, Missouri.

A significant milestone in the redevelopment effort occurred in January 2025, when HUD awarded a $15.5 million grant through its Section 202 Supportive Housing for the Elderly Program. This funding is allocated to provide capital and rental assistance for low-income seniors aged 62 and above at Parade Park Homes, ensuring that the community remains inclusive and supportive of its aging residents. 

The redevelopment is planned in phases, with the initial phase focusing on constructing 200 market-rate housing units, 200 low-income tax credit housing units, an 80-unit intergenerational senior housing development, and the aforementioned commercial space. This approach aims to revitalize the neighborhood while preserving its historical significance and cultural heritage. 

Community engagement is a cornerstone of the redevelopment process. Residents and stakeholders are encouraged to provide feedback and share ideas to ensure the project aligns with the community's needs and aspirations. This collaborative approach aims to create a revitalized neighborhood that honors its rich history while offering modern amenities and housing options. 

The transformation of Parade Park Homes represents a significant investment in Kansas City's East Side, reflecting a commitment to preserving affordable housing and fostering community development. By addressing past challenges and implementing a forward-thinking redevelopment plan, Parade Park is poised to become a vibrant, inclusive community that honors its historical roots while embracing future growth.

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Header image: A rendering shows what the new apartments could look like in the new Parade Park Homes community. Image credit: Moody Nolan

TreviPay to relocate corporate headquarters to Aspiria campus

Next month, TreviPay will relocate its corporate headquarters to the 207-acre Aspiria campus located on 119th Street and Nall Avenue in Overland Park, Kan.

TreviPay, a global B2B payments company, signed a 73,000-SF lease at the expanding, former Sprint World Headquarters campus.

“TreviPay’s move to Aspiria represents a big step for the Aspiria campus. The campus has so much to offer in the way of technology, amenities, access, security and sheer size. All of these contribute to a company’s ability to attract and retain top talent nationally to fulfill their growth strategies,” said Chad Stafford, Occidental Management president and broker of the lease transaction.

The announcement comes on the heels of a full-scale rebrand in March of this year for the Overland Park-based fintech company. The new brand reflects its role as the preferred B2B payment provider for leading Fortune 500 companies and small- to mid-sized businesses.

“The Aspiria Campus is a perfect location for TreviPay’s Global Headquarters. The new location allows our more than 400 Kansas City-area employees to be in one location,” said TreviPay’s CEO, Brandon Spear.

Aspiria offers unparalleled amenities, 24/7 security that includes over 600 cameras continuously monitoring the campus, and a world-class building automation system with intelligence software to manage and enhance operational efficiencies across the engineering platform.

In addition to high-end security and technology, Aspiria’s amenities promote employee recruitment and retention. Along with the walking and biking trails around campus, the 68,000–SF Aspiria Fitness Center is available at no monthly cost to all employees at Aspiria.

Beautiful green spaces across Aspiria are available for outdoor meetings and events, and three conference centers around campus are available for onsite meetings for groups large or small. The campus also features coffee shops and cafes as well as a central hub boasting a full-service cafeteria with a range of culinary options in a modern and energetic atmosphere.

“Aspiria has seen rapid growth with the addition of new tenants like TreviPay, Yellow Corp., CreativeOne, and TTEC Holdings,” Stafford said. “This is only the beginning. We recognize the need that large companies have for secure, advanced, and amenity-rich space to grow and win the talent battle in today’s market. Aspiria offers this, and more, in a way that no other corporate campus in the Midwest can.”

Occidental Management plans to develop an additional 60 acres surrounding the campus at the corner of 119th Street and Nall Avenue. Aspiria will have an additional one million SF of Class A office space, 380,000 SF of mixed-use retail and restaurant space, a 120-room hotel and 600 multifamily units, creating a truly inclusive hub of life and business in the Midwest.

Design planning on the long-term project has already begun, and space is available for lease in the New Offices At Aspiria. TreviPay expects to occupy the space in October 2021.

About TreviPay: TreviPay is a global financial technology company specializing in the complete digitization of B2B payments through secure trade financing to drive enhanced customer loyalty. We support merchants by streamlining the purchasing experience and supporting increased customer interaction in B2B Commerce, facilitating $6 billion USD in transactions per year in 18 currencies for customers in more than 27 countries. To learn more about TreviPay, please visit TreviPay.com.