LANE4 releases annual report: Equilibrium emerging for 2020 retail market

Each year, LANE4 releases up-to-date information regarding the retail real estate market throughout the Kansas City metro in their Kansas City Retail Report.

An excerpt from the report, written by LANE4's Michael Berenbom, VP - Investments, follows:

"Perhaps the most indicative trait of the Information Age is the ever-accelerating pace of change. Like so many industries, the retail world has been hit with a shockwave of Amazonian proportions, disrupting consumer behavior, economic policy, technology, and social norms.”

“However, when a pendulum swings dramatically in one direction, it eventually swings back in the direction from which it came, drawing itself slowly toward an equilibrium. The retail pendulum may never reach a perfect balance between where we were decades ago and the height of emerging technology, but there are noticeable signs of movement toward a new middle ground, a balance between traditional retail habits and modern conveniences."

READ LANE4's full 2020 Kansas City Retail Report HERE.

LANE4 Teams with City of Olathe for library-anchored, mixed-use project

Driven by the need for a new, modern library space, the City of Olathe has teamed with LANE4 Property Group on a new, state-of-the-art mixed-use project in downtown Olathe, Ks.

The project will fuse restaurant, library and office space into a 5-story building located immediately east of Olathe City Hall on E. Santa Fe Street.

The proposed project includes approximately 70,000 SF of usable space plus indoor and outdoor common areas. The plan includes space for a signature restaurant, Class A office space with dramatic views and a rooftop patio, plus ample space for the Olathe Library.

The Civic Center Park currently on the site will remain intact and be integrated into the new project to create a cohesive, welcoming area for all to enjoy.

The Olathe City Council unanimously approved a pre-development agreement on On Tuesday, November 19th, allowing the project to move forward though the planning and zoning process.

“While the final project has yet to come before the Council for final consideration, it has incredible potential for our downtown. It could allow us to have a new, first class, 21st century library in downtown, new class A office and a restaurant - all in our historic core. This could mean new jobs, new opportunities and new energy in our downtown,” said Olathe Mayor Michael Copeland.

The project will be presented to the City Council for approval in early 2020 with a groundbreaking later in the year.

“Olathe continues to grow, it continues to support a strong school system. You only have to look around the country at comparable suburban municipalities to figure out that there is a deep well of opportunity to tap into in this downtown,” said Michael Berenbom, vice president at LANE4.

Leasing inquiries for the restaurant and office space should be directed to Brandon Buckley at (816) 268-9112 or bbuckley@lane4group.com.