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DevelopmentKansasMidwestMultifamily

Hunt Midwest, LANE4 Open 228-Unit Luxury Apartment Complex in Kansas City

by Kristin Harlow

KANSAS CITY, KAN. — Hunt Midwest and LANE4 Property Group have opened The Hudson, a 228-unit luxury apartment complex adjacent to the University of Kansas Health System campus in Kansas City. The developers partnered with KU Endowment to build the project. The Hudson’s name is a homage to the Rosedale neighborhood’s history, where Rainbow Boulevard was once known as Hudson Road until it was renamed in 1919 to honor WWI veterans. The Hudson project team included Security Bank as lender, BRR Architecture as architect, Cerris as general contractor and Olsson as civil engineer.

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Affordable HousingDevelopmentKansasMidwestMultifamily

Annex Group Breaks Ground on $60M Affordable Housing Development in Topeka, Kansas

by Kristin Harlow

TOPEKA, KAN. — The Annex Group has broken ground on Union at Tower District, a roughly $60 million affordable housing community in Topeka. The 4-acre project will offer 250 one-, two- and three-bedroom units for households earning 30 to 60 percent of the area median income. There will be two four-story buildings and one three-story building. Amenities will include a courtyard, dog park, playground, community center and fitness center. Project partners include BVH Architecture, REGA Engineering, SBB Engineering, the City of Topeka and Impact Housing Indiana Corp. Citi Community Capital served as both the construction lender and permanent lender. Stifel Public Finance underwrote $35 million in bonds issued by Shawnee County. The Kansas Housing Resources Corp. allocated 4 percent tax credits and tax-exempt bonds. Additional financial support came from WNC, the federal credit investor, and Advantage Capital, the state credit investor. The city provided RHID funding. The project marks Annex Group’s first community in Topeka and its third in Kansas. Completion is slated for January 2027.

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KansasLeasing ActivityMidwestRestaurantRetail

Indian Eatery Desi Chowrastha to Open First Kansas City-Area Location in Overland Park

by Kristin Harlow

OVERLAND PARK, KAN. — Desi Chowrastha, an Indian eatery based in Texas, has secured its first Kansas City-area location at 6301 W. 135th St. in Overland Park. Max Kosoglad and David Block of Block & Co. Inc. Realtors represented the undisclosed landlord in the lease. A grand opening is slated for this summer. At 7,564 square feet, Desi Chowrastha will be the largest Indian restaurant in Overland Park. The restaurant will occupy space within a 15,500-square-foot pad building of Corbin Park Retail Village and will join co-tenants American Red Cross, Mozari Alterations and Embody. The name Desi Chowrastha is derived from “Desi,” a word used to describe the people, cultures and products of India, Pakistan and Bangladesh, and “Chowrastha,” a word used to communicate the joint to hang out with friends and how Indian culture evolved around them. The menu features a variety of kabobs, curries, appetizers and sandwiches. The chain currently has 25 franchisees across America, with many others under contract. Block & Co. is the leasing and property management company for the pad building.

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DevelopmentIndustrialKansasMidwest

Brinkmann Constructors Breaks Ground on 467,000 SF Warehouse in Gardner, Kansas

by Kristin Harlow

GARDNER, KAN. — Brinkmann Constructors has broken ground on Crossroads Commerce Center Phase I, a 467,000-square-foot warehouse in Gardner, a southwest suburb of Kansas City. Panattoni Development Co. is the developer. Located on a 24-acre site, the project marks the first phase of an eight-building, master-planned industrial park. Gray Design Group is the architect.

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KansasMarket ReportsMidwestMidwest Market Reports

Wichita and South Central Kansas: A Thriving Commercial Real Estate Market

by Kristin Harlow

By Joshua Turner, Landmark Commercial Real Estate The commercial real estate market in Wichita and South Central Kansas has shown remarkable resilience and growth in recent years. Following the challenges of the pandemic, the region has not only recovered but is now thriving. Wichita’s central location and business-friendly environment have long attracted investments in retail, office, industrial and mixed-use developments. Prior to the pandemic, low vacancy rates and steady rent growth indicated a strong and promising market.  While retail and office spaces experienced temporary setbacks due to shifting work and consumer habits, the industrial sector remained active, fueled by e-commerce demand. The region’s lower costs and pro-business climate helped it weather economic fluctuations better than many larger metro areas. Since 2021, Wichita’s commercial real estate market has experienced an impressive resurgence. The industrial sector is booming, driven by manufacturing, logistics and distribution expansion. Retail has adapted to evolving consumer preferences, with experiential and mixed-use developments gaining popularity. Office spaces are being reimagined to accommodate hybrid work models, offering flexible solutions that meet modern business needs. Wichita’s population has steadily grown over the past decade, reflecting the city’s increasing economic opportunities and high quality of life. Currently home to nearly 400,000 …

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KansasLoansMidwestMultifamily

Northmarq Secures $52M Loan for Refinancing of Apartment Property in Metro Kansas City

by Kristin Harlow

OVERLAND PARK, KAN. — Northmarq has secured a $52 million Freddie Mac loan for the refinancing of Stonebriar Woods, a 476-unit apartment property in Overland Park. The garden-style community features a mix of one-, two- and three-bedroom floor plans. Amenities include a pool, clubhouse, tennis court, fitness center and green space. Greg Duvall of Northmarq secured the loan on behalf of the borrower, Price Brothers, a Kansas City-based real estate investment and development firm.

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AcquisitionsIllinoisIndustrialKansasMichiganMidwest

Lineage to Acquire Four Tyson Foods Warehouses for $247M, Plans $1B Growth Pipeline

by Kristin Harlow

NOVI, MICH. — Lineage Inc. (NASDAQ: LINE), a Novi-based cold storage REIT, has entered into a definitive agreement to acquire four cold storage warehouses from Tyson Foods Inc. for $247 million. At or prior to closing the acquisition agreement, Lineage will enter into an additional, multi-year agreement under which it will design, build and operate two next-generation, fully automated cold storage warehouses in major U.S. distribution markets that Tyson will occupy as an anchor tenant. Under the same agreement, Tyson will begin storing product at Lineage’s newly developed property in Hazelton, Pa., which utilizes LinOS, Lineage’s proprietary warehouse execution technology. Lineage says it expects to deploy approximately $1 billion of capital over the coming years on the acquisitions and the new greenfield developments. The existing Tyson warehouses that sold in the transaction total roughly 49 million cubic feet and are located in Pottsville, Pa., Olathe, Kan., Rochelle, Ill. and Tolleson, Ariz. Following the acquisition, Lineage plans to onboard over 1,000 Tyson employees. Over time, the acquired warehouses will be transitioned to public warehouses as part of Lineage’s global footprint. The transaction is subject to customary closing conditions and is expected to close in the second quarter. Lineage expects to deploy …

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DevelopmentKansasMidwestOfficeTop Stories

Fiserv Unveils Plans for $175M Fintech Headquarters in Metro Kansas City

by John Nelson

OVERLAND PARK, KAN. — Fiserv Inc. (NYSE: FI), a global technology company specializing in financial services and payments, has unveiled plans for the development of a $175 million fintech headquarters in the Kansas City suburb of Overland Park. The company will renovate two buildings on the Aspiria corporate campus — formerly the headquarters of telecom company Sprint that is now owned by Occidental Management — which houses 3.9 million square feet of office space across 20 buildings. The new office will join a growing list of innovation centers across the country for Fiserv, including locations in Alpharetta, Ga.; Milwaukee; Omaha, Neb.; Berkeley Heights, N.J.; and New York City. “The greater Kansas City metro area offers a dynamic environment with a growing population of tech talent, making it the ideal location for Fiserv’s next strategic fintech hub,” says Frank Bisignano, chairman and CEO of Fiserv. Situated at 6500 and 6550 Sprint Parkway, Fiserv’s new headquarters will span 427,000 square feet, marking the largest office recruitment in Kansas history, according to the office of Kansas Gov. Laura Kelly. Fiserv picked Overland Park for its central U.S. location, in addition to its proximity to the company’s Midwestern clients and the region’s affordability. The new …

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DevelopmentHospitalityKansasMidwest

Price Brothers Breaks Ground on 99-Room Holiday Inn Express Hotel at Bluhawk Development in Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Price Brothers has broken ground on a 99-room Holiday Inn Express hotel at the Bluhawk mixed-use development in Overland Park, a suburb of Kansas City. The project marks the first of three planned hotels within The Boundary, a retail and lifestyle center. The hotel is scheduled for completion in spring 2026 in time to welcome guests for the FIFA World Cup. Additionally, Barnes & Noble and J. Crew Factory are scheduled to open at The Boundary this summer.

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DevelopmentKansasMidwestMultifamilySeniors Housing

Brinkmann Constructors Breaks Ground on 89-Unit Senior Living Building in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Brinkmann Constructors has broken ground on a five-story building at the Tallgrass Creek Senior Living campus in the Kansas City suburb of Overland Park. Maryland-based Erickson Senior Living is the developer. The 173,000-square-foot property marks Brinkmann’s fifth residential building in Neighborhood Two at the Tallgrass Creek campus. As the final residential addition to the campus, the new building will feature 89 units built over a podium deck with below-grade parking. Lantz-Boggio Architects PC is the architect.

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