KC SIOR Development Day moves to Union Station

Union Station in Downtown Kansas City on Thursday will play host to SIOR Development Day, the region's largest annual gathering of commercial real estate realtors and developers. Presented each year by the local chapter of the Society of Industrial and Office Realtors (SIOR), Development Day is considered by many to be the metro’s signature CRE networking event of the year.

“This event provides an unparalleled opportunity to network with industry leaders, highlight new projects, explore opportunities and celebrate successes - all in one setting. We are thrilled to be holding this year's event at Kansas City's historic Union Station and are looking forward to a great evening,” said 2018 Development Day Chair John StacyReece Commercial.

More than 80 exhibitors and hundreds of attendees are expected to attend the free event from 4:30-7:30 p.m. in Union Station's Grand Plaza. The event includes hors d’oeuvres from Jack Stack and cash bar. Free onsite parking will be available in the Union Station parking garage.

“We value the support and participation of those in the Kansas City commercial real estate industry that help develop the Kansas City community. It is an honor to chair the 29th annual SIOR Development Day,” Stacy added.

Opus kicks off construction of Westport multifamily mixed-use project

The Opus Group (Opus), along with Central Bank of the Midwest and CTK Real Estate, officially began construction on a 256-unit mixed-use apartment community at Westport Road and Broadway Boulevard. Completion is targeted for spring 2020. 

“We’re pleased to be building our presence and business in Kansas City by contributing a modern mixed-use project in the vibrant neighborhood of Westport,” said Joe Downs, vice president/general manager of Opus Development Company, LLC. “Westport has a unique, historical aesthetic, and this project will bring that attitude to life in a contemporary way.”

The six-story project will feature 10,000 square feet of ground-level retail, two suites, and 254 apartment units in a variety of floor plans, ranging from junior studio to two-bedrooms. Standard luxury finishes include nine-foot ceilings, stone countertops, designer backsplash and lighting packages, vinyl plank flooring, stainless steel appliances, oversized windows, and in-unit washers and dryers.

The project features a club room and roof-level terrace with views of Westport and the Country Club Plaza, as well as a larger, lower-level amenity terrace with pool, fire pits, lounge areas, grilling and dining capabilities and an adjacent club room. Additional amenities include fitness equipment with Fitness On Demand™, conference rooms, co-working vestibules, spa, dog wash station, secure bike storage and storage space for residents , as well as two levels of secure underground parking with direct access to residential floors.

Opus Development Company, LLC is the developer, Opus Design Build, LLC is the design-builder and Opus AE Group, LLC is the interior designer, architect and structural engineer of record. 

Overstock.com leases 517,000 SF in KCK, plans to hire 200

Overstock.com has leased 517,000 square feet for a new distribution center at 5300 Kansas Ave. in Kansas City, Kan. 

Luke Burbank and Kyle Roberts with Newmark Grubb Acres in Salt Lake City led the national site search for Overstock.com. Mark Long and John Hassler with Newmark Grubb Zimmer teamed with Newmark Grubb Acres to provide assistance with lease negotiations in the Kansas City region.  The building is owned by BH Properties based in Los Angeles, California. 

“Selecting Kansas City as the home of Overstock’s newest fulfillment center allows us to offer over 99 percent of our US customers two-day shipping options, improving shopping experiences by getting orders into the customer’s hands as soon as possible,” said Carroll Morale, Overstock.com vice president of supply chain. “We’re extremely thankful for all of the support and collaboration we’ve received from state and local officials and the Kansas City Area Development Council during this expansion process.”

Check out the official news release from KC SmartPort!

Chris Gutierrez, president of KC SmartPort, led economic development incentive efforts with regional partners including the State of Kansas Department of Commerce and the Wyandotte Economic Development Council. Overstock.com will begin to move in immediately and will employ up to 200 people.

“Kansas offers a great central location and the best workers in the country for any company looking to relocate here. We are thrilled that a successful company such as Overstock has selected Kansas City for its latest distribution center,” said Kansas Gov. Jeff Colyer, M.D. “Opening for business in Kansas will provide Overstock.com with an excellent strategic location and creates hundreds of well-paying job opportunities for Kansans.”

City Club groundbreaking reinvents Hereford House site

The $76 million City Club Apartments Crossroads mixed-use community broke ground ground Wednesday, signaling new life for the landmark Hereford House site at 20th and Main streets in Downtown Kansas City.

Integrated into the historic Midwest Hotel, the 7-story multifamily building will include 283 apartments and penthouses and feature international design, rooftop dining, an outdoor theater, and 50 floor plans.

"Kansas City is proud to be home to the next exciting development from City Club Apartments," Kansas City Mayor Sly James told attendees at the groundbreaking.

City Club Apartments has retail and restaurant tenants lined up for the project, with announcements pending. City Club has $500 million currently under development in more than a half-dozen U.S. markets.

Metropolitan Warehouse & Delivery trucks into KC market

New Jersey-based Metropolitan Warehouse & Delivery is expanding into the Kansas City market, leasing 20,000-square feet at 3518-3522 Enterprise Dr. near Interstate 435 and Interstate 70.

Metropolitan Warehouse & Delivery offers "white glove" in-home delivery and packaging of high-end furniture and antiques and works with retailers Costco and Restoration Hardware. The company has an estimated 2 million square feet of warehouse and distribution space under lease nationwide, including facilities in Wichita, Denver, and Dallas.

"The Kansas City lease rounds out the company's Midwestern footprint," said Ben Boyd of NAI Heartland, who represented Metropolitan Warehouse and Delivery in the transaction. "They try to set up distribution hubs every 200 to 300 miles, and proximity to the I-70 trucking corridor is obviously very strategic."

Metropolitan Warehouse and Delivery took occupancy of the building at Stadium Industrial Park Sept. 1. Mark Fountain of True North Industrial Realty, LLC represented the landlord in the transaction. 

"I believe that as more and more companies develop their 'last mile' strategy, they will find that Stadium Industrial Park is an ideal location," Fountain said.