KANSAS CITY, MO. — MLG Capital has acquired Summit Crossing, a garden-style property in Kansas City. Built in phases and completed in 2019, the community features 336 apartments and townhomes. Approximately 60 percent of units are townhomes with attached garages. Residents have access to shared amenities such as two pools, a clubhouse, fitness center, business center and pickleball courts.
KANSAS CITY, MO. — PPR Capital Management (PPR) has acquired Infinity at Plaza West, a 224-unit garden-style community in Kansas City, for $33.6 million. The investment structure includes a total equity investment of $11.4 million, with PPR contributing $10.2 million as the primary equity partner. PPR worked alongside Aspen Funds as the general partner and Petra as co-general partner. Petra will also act as the property manager. Infinity at Plaza West was built in 1949 and offers studio, one- and two-bedroom floor plans, according to Apartments.com. Amenities include a pool, …
ST. LOUIS — ARCO Construction and architect HDA have completed The Rail, a 268-unit project in St. Louis. The Rail comprises 278,659 square feet across four stories. The property also includes a three-level parking garage totaling 94,598 square feet. Tenants have access to amenities such as a gathering kitchen, fitness center, game lounge, theater, coworking spaces and conference rooms. Additionally, the complex offers outdoor amenities, including a pool and grilling area. Monthly rents start at $1,410, according to the property’s website. Units come in studio, one- and two-bedroom floor plans.
UNIVERSITY CITY, MO. — Subtext has begun development of LOCAL on Delmar, a 259-unit project in University City, roughly 10 miles west of St. Louis, Missouri. The development site is located at 6650 Delmar Blvd., about one mile from Washington University. The 398,225-square-foot building will feature a mix of studio, one-, two- and three-bedroom apartments and townhomes. The property will also include a five-story parking garage with 399 parking spaces, as well as approximately 7,100 square feet of street-level retail space. Amenities will include a clubroom, vinyl listening station, work-from-home …
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. …
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 …
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 …
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.
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 …
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 …
