AREA Real Estate Advisors

Kansas City's largest office building to house Banksia's flagship restaurant

Kansas City's largest office building to house Banksia's flagship restaurant

Feature Image Credit: Banksia

Coming soon to Leawood’s Park Place Village: Plate Italiano Moderno

AREA Real Estate Advisors, CBRE and KBS have announced that Plate Restaurant is expanding its footprint with a second location at Park Place Village in Leawood, Kan.

Plate Italiano Moderno will occupy the former California Pizza Kitchen beginning this fall (2021). The Plate’s original location resides in Brookside at 701 E 63rd Street; a relocation after the restaurant’s original site was destroyed by a fire in 2017.

“Park Place is the ideal location for this restaurant’s loyal customer base. There is a need for the taste of central Italy, especially their traditional pizzas, and there’s no better location for that than the top-quality office and retail property that Park Place has always been,” said AREA vice president, Rich DuVall, who handled the leasing transaction on behalf of Plate.

Park Place Village is a 10-building complex that offers a variety of amenities including boutique shops, upscale restaurants and cafés. The surrounding area features parking garages, the Aloft Hotel, 120 apartments, 30 townhouses and 27 lofts.

“Adding this dining option to Park Place brings tenants, local residents and visitors one more reason to appreciate this Class A asset and consider it one of the prime mixed-use properties in the region,” said Dan Park, asset manager for Park Place Village and senior vice president at KBS.

CBRE senior associate Matt Rau handled the leasing transaction on behalf of KBS.

“Park Place is an iconic mixed-use destination that draws in high-quality tenants seeking the very best amenities in the Leawood market. As one of the most popular restaurants in this region, Plate is a perfect match with the property and will be a win-win with tenants and visitors alike,” Rau said.

The modern Italian eatery, created by local restauranteur Christian Joseph in 2014, features an award-winning dining experience, with menu items that include homemade pizza, pasta, focaccia and other regional favorites prepared daily in the scratch kitchen.

“For us, it is truly all about hospitality and the guest experience. When we realized we needed a second location to cater to our burgeoning customer base, we knew that Park Place in Leawood was ideal for our first expansion. We are thrilled to be able to bring our next-level dining experience to this location,” Joseph said.

The original eatery on the Plaza is currently serving lunch, happy hour, dinner and weekend brunch with indoor and outdoor seating.


Office, retail plans emerge to replace former Macy's

A massive, mixed-use vision has emerged for a state-of-the-art renovation to transform the empty Macy’s at 7000 Mission Road in Prairie Village, Kan.

Maryland-based First Washington Realty (FWR) plans to create a 120,000 SF, multi-tenant anchor space for the three-story building, which has sat empty since fall 2019.

The proposed redevelopment includes two levels of retail on Levels 1 and 2. The Offices of the Village would occupy Level 3 and include nearly 39,000 SF of space which can be demised down to as low as 11,000 SF, according to Mike Levitan and Tim Schaffer with AREA Real Estate Advisors, who are leading the office leasing efforts. Depending upon the configuration, tenants would also have access to their own private outdoor terraces.

The new development plans highlight the built-in convenience of dozens of nearby restaurants, retail and grocery shops, salons, a florist, banks and more. Only footsteps away are Tavern in the Village, Dolce Bakery, Cafe Provence, Hen House, TCBY and Rise Biscuits & Donuts, to name a few.

FWR currently owns 103 shopping areas valued at over $5.5 billion in 22 states. Local shopping centers include Brookside Shops, Corinth Square North, Shops at Fairway, Shops of Prairie Village and coming soon - Corinth Quarter.

According to minutes from the Oct. 5, 2020 Prairie Village city council meeting, representatives from First Washington Realty met with Prairie Village mayor Eric Mikkelson and city staff to discuss how the former department store space could be utilized.

If passed, the proposal estimates a completion date for the renovation by spring 2021.

Avenue Logistics moves to KC Crossroads

Avenue Logistics, a Chicago-based freight brokerage logistics company, will soon be relocating from Overland Park, KS to the Crossroads in Kansas City, Missouri.

Avenue Logistics is the latest in a growing list of “new-to-downtown” companies attracted to developments like 3D Development, whose tenants include Hollis + Miller, Holmes Murphy, Card Connect, and WeWork.

The firm will be moving in the fourth quarter of 2019 into the recently completed historic renovation at 215 E 18th Street, now named 18McGee.

Formally known as the Interstate Securities Building, it was originally built in the 1950’s to finance automobile purchases in the automotive district in the Crossroads. After Interstate Securities, it was owned and operated by the Kansas City Star, which was headquartered across the street.

“When we were looking for our new offices, we wanted a vibrant environment that appeals to our team,” said Brad Jerwick, vice president at Avenue Logistics.

18McGee is part of a five-building renovation that includes the restoration and renovation of the Historic Kansas City Star properties. When finished, Grand Place will include a 30,000 SF European-style market, restaurants, coffee house, spa and approximately 250,000 SF of signature office space.

“With everything happening in the Crossroads and the renovation of this building and all the amenities planned across the street at Grand Place, we believe this is a strategic way to use real estate to attract and retain team members,” Jerwick said.

Joining Avenue Logistics at 18McGee is Working Spaces, an office interiors and contract furniture business with offices across the midwest. Working Spaces will use the entire first floor as a showroom and design studio.

The top floor at 18McGee is still available, with a total of 6,000 SF that can be divided in sections as small as 2,000 SF.

Among the amenities in the building is 3D Development’s signature roof top patio, which provides great views of Grand Place and downtown.

“The gravity of the Crossroads is moving east at a much quicker pace than we ever anticipated,” said Tim Schaffer, president of AREA Real Estate Advisors.

“The building is attracting interest because of its walkability to bars and restaurants that continue to proliferate East Crossroads; also (because of) the anticipated historic renovation of the Kansas City Star building and all the amenities that are planned for this block,” Schaffer said.

From offices to co-working spaces, restaurants and event spaces, 3D has attracted several new companies to the KC downtown market. Projects include On Broadway, The Creamery, Corrigan Station, 18 McGee and the historic renovation and repositioning of the former KC Star headquarters, now known as Grand Place.  To learn more visit: dream-design-develop.com.


BacklotCars shifts downtown to KC's Lightwell Building

BacklotCars, a wholesale auto inventory service provider currently located in the Crossroads, will be moving to the the newly rebranded Lightwell Building at 12th and Main in August.

With the recent signing of the 20,000 SF full-floor lease agreement, Somera Road and their partner AREA Real Estate Advisors, added the second major tenant following a landmark lease agreement with WeWork.

Lightwell currently boasts 180,000 SF of contiguous availability, the largest existing block of space in downtown Kansas City.

“When we saw the vision Somera Road and AREA Real Estate Advisors had for the Lightwell project, we knew it was something we had to be a part of,” said Josh Parsons, BacklotCars founder/ COO.

“The location, design and amenities of the project are exactly what is needed to attract the top tech talent to Kansas City. We are very excited to be moving into the new Lightwell Building and feel that it will be a great place for our ever-growing team to call home,” Parsons said.

BacklotCars is a significant disrupter of the wholesale automotive space, and recently closed a $25 million Series B funding round. The company seeks to ease pain points for automotive dealers though building one wholesale platform for all dealers to transact efficiently.

“BacklotCars is exactly the type of forward-thinking technology company that understands what we’re creating at the Lightwell. They’re a major contributor to Kansas City’s growing technology ecosystem and we’re excited to provide them with a home that’ll enable their next phase of growth.” said Basel Bataineh, Somera Road vice president.

“With its fantastic bones and premier location, we believed that Lightwell would attract the fastest-growing segments of employment including tech, marketing, and creative-driven companies. BacklotCars is certainly a great example of what we thought would happen,” said Tim Schaffer, AREA Real Estate Advisors president.

HOK and JE Dunn joined AREA and Somera Road on the renovation.