Kansas City Business Journal – by Rob Roberts
A California-based investment partnership has assembled a local development team and is preparing to break ground later this month on the first phase of The Grove, a 1.29 million-square-foot, $220 million mixed-use project in Lee’s Summit.Project Manager Daren Fristoe said The Grove at Lee’s Summit LLC, an affiliate of Westcott Investment Group, has selected Overland Park-based A.L. Huber as general contractor for the project, which will be on 85 acres southeast of the U.S. Highway 50/Missouri Highway 291 interchange. In addition, Newmark Grubb Zimmer, a Kansas City-based commercial real estate firm, has been selected to handle leasing.The development team also includes three previously selected firms: BHC Rhodes, an Overland Park-based civil engineering firm; Overland Park-based Klover Architects Inc.; and Kansas City-based law firm White Goss.“We believe we have assembled a top-flight team to bring our vision to life,” said Steve Singh, managing partner for The Grove at Lee’s Summit LLC. “Adding Newmark Grubb Zimmer and A.L. Huber to the existing project group enhances our opportunities for success.”The project, to be built out over 10 years, calls for 602,000 square feet of industrial and flex space, 95,000 square feet of office, 88,225 square feet of retail and restaurant, 384 apartment units totaling 506,950 square feet, 1,548 structured parking stalls and 1,026 surface parking spaces.
Starting the first phase
Fristoe said work will begin on the south side of the site with installation of infrastructure and construction of a 200,000-square-foot industrial building suitable for warehousing, distribution and/or light manufacturing. Plans call for that building to be constructed on a speculative basis, meaning before a tenant or tenants are signed, Fristoe said, “although we do have tenant interest.”
The first phase, which is southeast of M-291 and Bailey Street, will include a total of 440,000 square feet of industrial space plus a site that the developers have donated to the city for development of a new Lee’s Summit fire station.
Fristoe said the initial phase should be built out within five years.
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