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Developer
Walt Clements recently told a gathering
of commercial real estate professionals that he was thinking about
adding high-rise condominiums to his Deer Creek Woods office and
retail project in Overland Park.
There is no Johnson County precedent for mixing
multistory condos with commercial. So Clements asked his colleagues to
"please tell me if you think I've been smoking my front yard."
But Clements and Don Linscott, his partner in
Greenleaf Properties, aren't the only ones on the verge of bringing urban
living to the suburbs.
Encouraged by the condo boom taking place in downtown Kansas
City and near the Country Club Plaza, several developers are
plotting to extend the trend to Johnson County.
Leawood alone has approved preliminary plans for
mixed-use developments containing more than 1 million square feet of
multistory condos, said Mark Klein, a senior planner for the city.
The bulk of that -- 560,000 square feet -- is
planned for Park Place, a mixed-use project near 119th Street and Nall
Avenue. Jeff Alpert, a co-developer of the project with
Park Place Partners LLC,
said the city has given final approval for The
Meridian at Park Place -
a 52 unit condo development - and construction is
set to begin by late
summer or early fall.
Located in adjoining five- and eight-story towers,
The Meridian's
$400,000 to $1 million-plus condos could be the
first to open as part of
a mixed-use development in Johnson County.
They certainly won't be the last.
"We believe there are a lot of people who want that
style of urban
living but have Johnson County as their frame of
reference," Alpert said. "They're not really Plaza or Downtown
people." |
Doug Weltner, a principal with Grubb & Ellis/The Winbury Group, agreed.
Weltner and Mark Sutherland plan to build about 60
condo units in the
100,000-square-foot Mission Farms retail center
they are developing near
107th Street and Mission Road in Leawood.
Immediately west of Mission Farms, on the Overland
Park side of Mission
Road, "we'll probably have another 180 units,"
Weltner said. "I
think there are a lot of people who work along College
Boulevard who
want to have some options," he said.
Not all Johnson Countians are soccer moms and dads
who want
single-family houses with yards to mow, said Ralph
Varnum, a longtime
principal with Varnum Armstrong Deeter Inc.
Varnum is part of a Johnson County development
establishment that has
been slow to stray from strategies that have been
profitable in the
past. But after witnessing the successes in
Downtown and at Zona Rosa in
the Northland, Varnum is calling mixed-use
development "an idea whose
time has come for Johnson County."
As part of Varnum Armstrong Deeter's
600,000-square-foot City Center
East retail project in Lenexa, he said the company
plans to build about
60 condos. The units will be on top of an unusual
structure that will
sandwich two stories of parking between the condos
and ground-level
retail.
Meanwhile, the city of Lenexa is planning 1,100
rental and for-sale
residential units as part of its Lenexa City Center
mixed-use project,
located near 87th Street and Renner Road.
An additional 540,000 square feet of condos is
being planned as part of
developer Richard Sailors' Parkway Plaza East and
West projects in
Leawood. |
And for every Johnson County condo project that's
been announced,
there's another one in the discussion stages, said
Bob Lindeblad, a
senior planner for the city of Overland Park.
"We're having discussions with several groups that
haven't submitted
applications," Lindeblad said. "But they're close."
One of those groups is Greenleaf Properties, which is
considering five
floors of condos atop ground-floor retail and
underground parking in
Deer Creek Woods, at 135th Street and Metcalf
Avenue.
Located on 56 acres that Greenleaf bought for about $10
million,
Clements said, Deer Creek Woods was to include only
retail and office
buildings. Then, about two months ago, Clements
attended an
International Council of Shopping Centers meeting
and heard a speaker
announce that the loosely used term "lifestyle
center" finally had been
defined.
In listening to the ICSC's new definition, Clements
said, he realized
that Deer Creek Woods had all the ingredients of a
lifestyle center save
one: residential.
Located within walking distance of a regional mall
project, a golf
course and a 16-screen megaplex, the Deer Creek
Woods site has woods and
waterways. When fully developed, it also will
include 250,000 square
feet of shops and 180,000 square feet of offices.
"Those are all the amenities you could want in a
lifestyle center,"
Clements said, "so maybe it would be wise to make
this a lifestyle
center and add that third component."
He and his partner will decide within 30 days
whether to join the
Johnson County condo vanguard, he said.
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