Earth-moving moment in Lee's Summit as industrial spec moves ahead

For Lee's Summit development leaders, seeing industrial spec inventory come out of the ground has often felt akin to moving mountains. That's why seeing dirt finally move at The Grove at Lee's Summit mixed-use site near M-291 and Bailey Road on the south side of the city is so gratifying.

"The Grove will allow Lee's Summit to finally 'get in the game' and compete for industrial relocation and expansion projects," said Rick McDowell, Lee's Summit Economic Development Council president. "Lee's Summit has not even been able to submit proposals for dozens of projects through the years simply because the city lacked viable industrial buildings."

The project's timing is just right, according to Mark Long, executive managing director of Newmark Grubb Zimmer: "The Grove is coming to the market at the same time as some key infrastructure improvements including the Bailey Road overpass and more importantly the new interchange at Highway 50 and M-291. There is a lack of available Class A product in the area, and this project will fill that gap in supply."

On Friday, local dignitaries, city staff and project partners took their shovels to the dirt, signaling the beginning of land clearance for infrastructure to support construction of The Grove's first building, a 200,000 square spec industrial facility. 

"We are excited about beginning this new chapter of development in the city of Lee's Summit. The Grove will be the premiere mixed use destination for people to work, shop and play for years to come. We are grateful to the mayor, city council, city staff and the LSEDC for supporting our vision for the future," said Steve Singh, CEO and managing partner of The Grove.

The mixed-use development will include an additional 200,000 square feet of light industrial space, as well as the donation of property to the City of Lee’s Summit for a future fire station. With an upscale design loosely based upon successful, world-class properties like The Grove at LA and Santana Row in San Jose, California, The Grove promises to transform Lee’s Summit's southern gateway.

Project partners include A.L. Huber, general contractor; BHC Rhodes, civil engineering services; Klover Architects, architectural design, Newmark Grubb Zimmer, real estate broker, and White Goss, legal services.

For more information about The Grove, contact Daren Fristoe, project manager. 

Lee's Summit study finds city is ripe for fresh multi-family development

The City of Lee’s Summit could support up to 2,300 additional market rate apartments over the next decade beyond existing supply or projects in the pipeline, according to a 2017 multi-family housing study commissioned by the Lee’s Summit City Council and conducted by Vogt Strategic Insights.

“Lee’s Summit continues to see strong activity and interest in multi-family construction, and this study will help inform the city’s economic development decisions as it considers future projects,” Ryan Elam, director of the Lee’s Summit Development Center, said in a release.

Multi-family construction in Lee’s Summit dried up after the 2008 housing crisis but saw signs of life in 2016 when NorthPoint Development opened The Residences at New Longview, a 309-unit, luxury apartment community that saw the developer’s fastest lease-up to date. 

“New Longview’s success essentially became a proof-of-concept for Lee’s Summit multi-family development, leading to a sharp uptick in permits and proposed projects,” said Lee’s Summit Economic Development Council President Rick McDowell. “In 2016, the city approved five new apartment complexes, for a total of more than 1,400 living units.”

The study found that Lee’s Summit’s existing market is very strong with a 98.4 percent occupancy rate, with about 30 percent of renters coming from outside the area. In addition to identifying strong capacity for market-rate apartment development, the study found that Lee’s Summit could support up to 503 additional units of age-restricted housing, as well as up to 400 additional units of affordable apartments.

To conduct the study, Vogt Strategic Insights completed a field survey of 27 apartment projects in Lee’s Summit and 101 projects throughout the region, comparing rents and amenities among more than 22,000 rental units in Independence, Blue Springs, Grandview, Overland Park, Olathe, Lenexa, and Lee’s Summit.

The 200-page housing study considered factors such as demographics, population growth forecasts, household income and the regional suburban Kansas City apartment market, and used a conservative 4.4 percent predicted growth in households over the next 10 years.