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Kansas City Business Journal, 2009-06-12
by Rob Roberts
Kansas City, Missouri
South Kansas City is poised for a surge of growth with a concentration of development sites taking shape. Leaders envision a life sciences corridor in addition to mixed uses at the Bannister Mall and Rockridge Quarry redevelopment sites. Farther south, Centerpoint-KCS Intermodal Center and National Nuclear Security Administration projects promise to bring thousands of jobs to the area.
BLUE RIVER GLADE BIOMEDICAL PARK
Acres: 350
Description: A biomedical research park including a residential village and other amenities for the scientists is planned on acreage being assembled by Whitney Kerr Sr. of Colliers Turley Martin Tucker.
Developer: Oxford Redevelopment Co., led by Jim Stowers III
ROCKRIDGE QUARRY REDEVELOPMENT
Acres: 508
Description: About 6.5 million square feet of industrial, office and retail space is planned for undermined acreage that is being reclaimed through blasting and backfilling operations at the longtime quarry site bounded by 87th Street, Interstate 435, Bannister Road and U.S. Highway 71.
Developer: Mike Pursell of Damon Pursell Construction Co.
MARION CROSSING AT THREE TRAILS BUSINESS PARK
Acres: 75
Description: In 2007, developers bought the undeveloped acreage in Marion Business Park, the former home of Marion Laboratories and current home of Cerner Corp., Aptuit Inc. and Sanofi-Aventis facilities. A third of the vacant land has been purchased for a new police complex. A blend of retail, office and industrial space plus either hotels or homes is planned for the other 50 acres.
Developers: Pursell Oxford Investments LLC, led by Mike Pursell and Jim Stowers III
CENTERPOINT-KCS INTERMODAL CENTER
Acres: 1,340
Description: A $300 million industrial park is planned in conjunction with the Kansas City Southern intermodal hub at the former Richards-Gebaur Memorial Airport. The park, which is immediately south of the new NNSA plant site, is expected to include as much as 5 million square feet of facilities for manufacturing, warehousing and distribution.
Developer: CenterPoint Properties
BANNISTER MALL AREA REDEVELOPMENT
Acres: 467
Description: A $1 billion mixed-use development is planned for the site of the Bannister Mall and other shuttered retail outlets. New uses planned include 1.1 million square feet of retail, 1.6 million square feet of offices, four hotels, an 18,500-seat soccer stadium for the Kansas City Wizards and 12 tournament-quality soccer fields.
Developer: Three Trails Redevelopment LLC, which includes Lane 4 Property Group Inc. and Wizards owner OnGoal LLC.
POSSIBLE STOWERS EXPANSION SITE
Acres: 100+
Description: The Stowers Institute for Medical Research reported in 2007 that it had acquired land in Kansas City to accommodate its plan to build 600,000 square feet of research space each decade in perpetuity. The institute has declined to say where the land is. However, a recent search of county records revealed that a large tract has been assembled by Blue Ridge Road LLC, which gives its address as 1000 E. 50th St. — the Stowers Institute’s address. The land is bounded by Blue Ridge Boulevard on the east, 107th Street on the south, Hillcrest Road on the west and Interstate 470 on the north.
NNSA PLANT
Acres: 186
Description: A new $500 million,
1.5 million-square-foot plant will be built at the northwest corner of Botts Road and Missouri Highway 150 and leased to the National Nuclear Security Administration. The plant, where non-nuclear components of nuclear weapons will be produced, will retain about 2,100 high-paying jobs for the area. It will replace an aging NNSA plant at the Bannister Federal Complex.
Developers: CenterPoint Property Trust and Zimmer Real Estate
Services LC
About Colliers Turley Martin Tucker
Colliers Turley Martin Tucker recently completed the consolidation of its ownership structure with Cassidy & Pinkard Colliers, Colliers Pinkard, and Colliers ABR, forming a holding company that is one of the nation's largest commercial real estate service firms. The consolidated entity operates in all 50 states, completes more than $13 billion in worldwide transactions annually, and manages more than $30 billion in real estate. The holding company's portfolio totals 300 million square feet under property management, 210 million square feet of space for lease, and $5 billion in capital markets transactions annually. The Corporate Solutions division sustains more than 20,000 locations for Fortune 1,000 companies and delivers a new location "Every 80 Minutes". Colliers is the top-ranked real estate firm on the Global Outsourcing 100 companies list, IAOP Top 100. For more information about Colliers International, a worldwide affiliation of independently owned and operated companies, visit www.colliers.com.
Contact Information
For more information, please contact Kristin Brotherton, Marketing Manager, at (816) 412-0204 or kbrotherton@ctmt.com.
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