Missouri

BR Cos. to Develop $250 Million High-Rise Community in Downtown Kansas City, Missouri

by Channing Hamilton November 25, 2024

KANSAS CITY, MO. — BR Cos. plans to develop 800 Grand, a $250 million high-rise community located at the southwest corner of Eighth Street and Grand Boulevard in downtown Kansas City. The 25-story building will consist of 300 apartment units, as well as 24,000 square feet of retail and restaurant space. BR Cos. has partnered with local real estate agency Aristocrat Realty on the project. Hoefer Welker designed the community. Clark Construction and JE Dunn are serving as the general contractors. A construction timeline for 800 Grand was not disclosed. …

November 25, 2024

Finance Midwest Missouri News

Dwight Mortgage Trust Provides $56 Million Loan for Willow Creek Apartments in Kansas City, Missouri

by Channing Hamilton November 18, 2024

KANSAS CITY, MO. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $56 million bridge loan for Willow Creek Apartments in Kansas City. The loan will be utilized to refinance existing debt, complete remaining construction costs, cover closing costs and fund required escrows. David Scheer of Dwight Capital originated the financing on behalf of the borrower, KC Willow Creek LLC. Willow Creek Apartments consists of 998 apartments across 43 buildings. The garden-style community is situated on about 70 acres. Units come in one-, two- and three-bedroom …

November 18, 2024

Investment Sales Midwest Missouri News

Northmarq Brokers Sale of 212-Unit Westpark Apartments & Townhomes in St. Louis

by Channing Hamilton October 15, 2024

ST. LOUIS — Northmarq has arranged the sale of Westpark Apartments & Townhomes, a 212-unit garden-style community St. Louis. Located at 11409 Tivoli Lane, the property was largely built between 1996 and 2006 with a portion developed in 1969. Units range from 800 to more than 2,000 square feet. Amenities include a pool, fitness center, playground and basketball court. The buyer was a national owner-operator of multifamily properties. The seller was a locally based private investor. Dominic Martinez, Parker Stewart, Charlie McKee and Alex Malzone of Northmarq represented both parties …

October 15, 2024

Development Midwest Missouri News

Brinkmann Constructors, EPC Real Estate Group Break Ground on 74 Broadway Apartment Complex in Kansas City

by Channing Hamilton September 27, 2024

KANSAS CITY, MO. — A partnership between Brinkmann Constructors and EPC Real Estate Group has broken ground on 74 Broadway, a 440,000-square-foot development in the Waldo neighborhood of Kansas City. The community will offer 280 apartments, as well as a clubhouse, six-story parking garage and ground-floor retail space. BRR Architecture is the project architect. A construction timeline for the project was not provided.

September 27, 2024

The Prairie Encore in Dardenne Prairie, Missouri

Development Midwest Missouri News

Mia Rose Holdings Breaks Ground on $90 Million Mixed-Use Development Near St. Louis

by Channing Hamilton July 30, 2024

DARDENNE PRAIRIE, MO. — Mia Rose Holdings has broken ground on The Prairie Encore, a $90 million mixed-use development in the northwest St. Louis suburb of Dardenne Prairie. The four-story building will feature 190 apartment units. Amenities will include two interior courtyards, a 3,000-square-foot lobby with a leasing office, coffee bar, fitness center, coworking spaces, dog park, pool and community gathering spaces. The property will also feature commercial space, such as a Sugarfire Smokehouse with sand volleyball and pickleball courts, Macadoodles, Smalls Sliders, Beer & Spirits, Starbucks, a Circle K …

July 30, 2024

Crossroads Westside in Kansas City, Missouri

Investment Sales Midwest Missouri News

Hamilton Zanze Acquires 222-Unit Crossroads Westside in Kansas City

by Channing Hamilton July 25, 2024

KANSAS CITY, MO. — San Francisco-based investment firm Hamilton Zanze has purchased Crossroads Westside, a 222-unit community in downtown Kansas City, for an undisclosed price. Situated at 601 Avenida Cesar E Chavez, Crossroads Westside was built in 2018. Units come in one- and two-bedroom layouts and range from 614 square feet to 1,252 square feet. Amenities include a pool, dog spa, fitness center, sundeck, private art garden, business center, co-working spaces, fire pit, arcade and entertainment lounge. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the …

July 25, 2024

Investment Sales Midwest Missouri News

Thompson Thrift Sells 316-Unit Avenue64 Near St. Louis

by Channing Hamilton July 17, 2024

O’FALLON, MO. — Thompson Thrift has arranged the sale of Avenue64, a 316-unit community in the St. Louis suburb of O’Fallon. Bonaventure Holding Co. purchased the asset for an undisclosed price. George Tikijian, Hannah Ott and Matt Bukhshtaber of CBRE brokered the deal. Avenue64 spans 17 acres at 1000 Watermark Drive. The community features one-, two- and three-bedroom floor plans. Amenities include a fitness center, pool with cabanas and entertainment areas, bark park and pet spa. Avenue64 was constructed in 2023. The property was 95 percent occupied at the time …

July 17, 2024

Development Finance Midwest Missouri News

JLL Capital Markets Arranges $12.7 Million Equity Investment for Waldo District in Kansas City, Missouri

by Channing Hamilton July 2, 2024

KANSAS CITY, MO. — JLL Capital Markets has arranged a $12.7 million equity investment for the construction of Waldo District in the Waldo neighborhood of Kansas City. JLL worked on behalf of the borrower, EPC Real Estate Group, to secure the equity investment with a national fund manager. Mark Erland and Kevin Barron led the JLL Capital Markets team. Atlanta-based architect BRR designed the community. Waldo District will comprise 284 units across six stories. Community amenities will include a clubhouse, media area with wine lounge, golf simulator and e-sports, fitness center, …

July 2, 2024

Development Leasing & Marketing Midwest Missouri News

Thompson Thrift Opens 300-Unit The Depot Near Kansas City

by Channing Hamilton June 7, 2024

RAYMORE, MO. — Thompson Thrift has opened The Depot, a 300-unit property in the Kansas City suburb of Raymore. The Depot is located at 101 S. Dean Ave., adjacent to the Raymore Galleria, a 400,000-square-foot shopping center. Apartments come in one-, two- and three-bedroom floor plans. Amenities include a fitness center, pool, dog park and speakeasy-inspired clubhouse. Rents begin at $1,295 per month. The nine-story building is currently nearly 30 percent leased.

June 7, 2024

Development Midwest Missouri News

ARCO Construction Underway on $61 Million The Rail in St. Louis

by Channing Hamilton May 24, 2024

ST. LOUIS — ARCO Construction Co. is underway on The Rail, a 268-unit development in St. Louis. The $61 million project will comprise 278,500 square feet across four stories. The Rail will offer studio, one- and two-bedroom units. Planned amenities include a courtyard, pool, grilling area, game lounge, fitness center, gathering kitchen and three-story parking garage. HDA designed the community, which is slated to complete this fall.

May 24, 2024

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