LANE4 Property Group

Lane4 breaks ground on two senior living communities

LANE4 Property Group began construction on two sites within the Kansas City metro for its newest independent senior living development concept, Novel Place.

The facilities are located at 95th and Metcalf in Overland Park, and Hwy 40 and Hwy 7 in Blue Springs.

“Novel Place is setting a new standard for affordable, yet convenient, independent senior living. Future residents will have access to more amenities without having to break their bank,” said Hunter Harris, Lane4 partner.

Novel Place’s mission revolves around providing each resident with an improved sense of lifestyle rather than just a place to call home. Home health, dining, wellness, and transportation programs are available to future residents; each thoughtfully crafted to enhance the residents’ experience.

“We’re thrilled both Novel Place locations will be joining neighborhoods in Kansas City that already embody a strong sense of community,” Harris said.

Novel Place offers refined common areas, outdoor courtyards, an in-house fitness studio, and multiple gathering spaces for residents and their guests.

Each location features 134 apartments in a three-story building with a variety of studio, one, and two-bedroom floor plans.

“Our ergonomically friendly features, relaxed contemporary coastal design, and passionate commitment to foster a true sense of community are the cornerstones of our mission,” said Deb Wagner, Novel Place vice president of senior living.

“In our minds, it’s not just about constructing a building; it’s about providing a safe and affordable solution where neighbors can enjoy, support, and celebrate each other,” Wagner said.

Omaha-based, NewStreet Properties, LLC, has joined LANE4 as investment partners for both Novel Place locations. Architectural services for each project will be provided by Davidson Architecture and Engineering and construction services will be provided by Centric.

Academy Bank will provide financing for Novel Place of Blue Springs and Security Bank will provide financing for Novel Place of Overland Park.

Both locations are expected to be open by Summer of 2020.

KC retail experts weigh in on the future of Independence Center

It appears that economic challenges and increased nearby competition are forcing Simon Property Groupto sell Independence Center. According to research firm Trepp, the debt-strapped regional shopping mall is in foreclosure and headed for sale to a special servicer next week.

It's no secret that shopping malls and their brick-and-mortar retailer tenants have been hit hard by the e-commerce boom. Here's a snapshot of local expert commentary on the retail climate in Kansas City:

"This news highlights the pressure that all brick-and-mortar retailers are facing to deliver an experience that cannot be matched by online shopping. Everyone is searching for that magic mix of unique dining, amenities and brands that keeps traffic flowing through the doors."

-Dave Claflin, Legacy Development

"Independence Center remains one of only two malls in the greater Kansas City area. The International Council of Shopping Centers (ICSC) estimates that of the roughly 850 malls around the country, only the top 550 malls will remain standing in the next five years. The landscape of retail is changing, and many malls are being back-filled with office, hotels, entertainment and residential components." 

-Kimberly Tranbarger, Colliers International

"Within the last few years, Independence Center has added a number of stores including Dick's Sporting Goods and H&M and remains home to multiple national, regional and local retailers. The retail market is changing but it's not going away. Retailers are right sizing and even expanding as landlords move toward a strategic mix of retailers, entertainment and restaurant tenants."

-Eric Mann, retail developer and broker

"As 2018 begins, LANE4 anticipates another year influenced by advances in technology and shifts in consumer preferences. As experience and entertainment become key components to successful business, we are eager to learn which tenants can effectively fill spaces formerly occupied by high-profile retailers and which retailers can keep up with technology by enhancing online presence and in-store technology."

-LANE4 Property Group, 2018 Kansas City Retail Report

Red Bridge set to rise and shine with plans for new breakfast eatery

Lane4 Property Group's re-awakening of Red Bridge Shopping Center in South Kansas City continues with the announcement that Caleb’s Breakfast and Lunch will open in early 2018.

The new concept by Rebecca Huntsman will offer classic breakfast and lunch fare in a family-friendly environment. The breakfast business is a natural fit for Huntsman, whose father brought First Watch into the Kansas City area more than 30 years ago. But she says Caleb’s is about much more than food.

“We want to know the community. We want to be the community. We want to know the people that walk in our door, know how many grandchildren they have and what’s going on in their lives. And while we are getting to know the community, we’ll serve great food,” Huntsman said.

LANE4 President Owen Buckley said the father and daughter team have a strong and successful operating history in the region, making them ideal tenants for Red Bridge.

“I helped Ron secure his original First Watch restaurant at 95th and Metcalf 30 years ago,” Buckley said. “It’s really fun to work with him again… (They) are as excited as we are about delivering a great product to this special community.” 

Caleb’s is among a growing number of locally-owned and operated businesses choosing to locate in the Red Bridge Shopping Center.

“We see the retail market shifting and we see the strength in quality, local businesses. They add character and strength to our centers; that’s who we want at Red Bridge,” LANE4 Vice President Brandon Buckley added.

Red Bridge has moved from 50 percent to 80 percent occupancy since renovations were completed in early 2017, with Euston Hardware, Blue Bicycle and SERC Physical Therapy opening new locations. In addition, Blue Moose Bar & Grill, Aerial Fitness, and Crows Coffee are all in various stages of design and construction. Design is underway for Wonderscope Children’s Museum, with groundbreaking targeted for 2018.

Blue Moose prances into Red Bridge Shopping Center

LANE4 Property Group's $19 million redevelopment of the Red Bridge Shopping Center is taking shape with the announcement of three new tenants, including the addition of Blue Moose Bar & Grill. With plans to open this fall on the southeast corner of the South Kansas City retail center, the 7,000-square foot restaurant will be Blue Moose's first in Missouri and seventh in the metro area.

"We are very excited to bring our Blue Moose concept to the Red Bridge neighborhood. We have wanted to be in Southwest Kansas City for many years, and this location is perfect for the Blue Moose,"  Ed Nelson, President of KC Hopps, said in a release.

Silks & Poles Aerial Fitness will bring the coastal trend of gravity defying fitness to the metro with plans to open a 4,591-square foot location and juice bar at the Red Bridge Shopping Center this summer. In addition, Edward Jones & Co. will double its leased space at Red Bridge Shopping Center from 734 to 1,363 square feet.

The new tenants are helping boost the center's occupancy from 47 percent to 75 percent over the past year and follow the announcement that Wonderscope Children's Museum and Mid-Continent Public Library are teaming up to develop a 50,000-square foot building to house a new museum and public library. Design plans and a capital campaign are underway, with groundbreaking targeted for 2018.

The addition of the children’s museum and new trio of tenants are expected to attract new customers and offer new education opportunities to the surrounding communities, according to LANE4 Vice President Brandon Buckley.

“We are committed to making Red Bridge a unique community-oriented shopping center, so welcoming new experience-based tenants to complement Wonderscope gets us one step closer to achieving that,” Buckley said. “We look forward to releasing more new tenant announcements soon.”

The redevelopment is "a great example of collaboration with surrounding neighborhoods to bring back what residents wanted, which included a hardware store and a restaurant," said Kansas City Councilman Scott Taylor. "We now have both-- and welcome Blue Moose Bar & Grill to the neighborhood." 

Retail finds stride as e-commerce builds momentum

Retail finds stride as e-commerce builds momentum

As the retail market climbs its way out of the recession. As it rebounds, retailers and property owners are cautiously optimistic as they look for ways to adapt to the rise of e-commerce. According to LANE4 Property Group's latest report, Kansas City experienced conservative growth as well as a few encouraging signs of growth and opportunity.