LAWRENCE, KAN. — LANE4 Property Group has entered into a venture with the owners of the Mercato property to develop a new regional shopping center in Lawrence, approximately 39 miles west of Kansas City, Mo. LANE4 will join forces with land owners and developers Duane and Steve Schwada, and members of the Gene Fritzel family, to develop a 600,000-square-foot retail, restaurant, and entertainment center, which will be located at the corner of K-10 and W. 6th St. The Schwada and Fritzel families have been involved in developing industrial, residential, retail, hotels and office buildings in Douglas County. They continue to have substantial ownership interests in downtown Lawrence. The regional shopping center is planned as a part of a larger, mixed-use development known as The Mercato. Plans for the retail center include approximately 250,000 square feet of anchor and entertainment space, and 350,000 square feet of additional anchor stores, junior boxes, restaurants and shops. The project will be completed in phases. Tenants for the project and a date for completion have not been announced.
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