BRANSON, MO. — Midas Hospitality and Bryan Properties have opened a 123-room Element Hotel by Westin in Branson. The asset is owned by Bryan Properties and managed by Midas Hospitality. Located at 511 Pat Nash Drive, the hotel is situated near Ballparks of America and the adjacent Branson Theater District. The 73,637-square-foot property offers a fitness center, outdoor saline pool, fire pits and complimentary breakfast.
KANSAS CITY, MO. — Twelfth Street Heritage Development Corp. and Flaherty & Collins Properties have broken ground on the $300 million redevelopment of Parade Park Homes, one of the country’s oldest Black-owned housing cooperatives that is located in Kansas City. Plans call for nearly 1,100 multifamily units, 200 of which will be reserved for low-income families and 80 for seniors housing. Additionally, the project will include 27 acres of open green space and 15,000 square feet of community-centered commercial space. Block & Co. Inc. Realtors will serve as the exclusive retail broker for the project. The restoration will include three phases, with Phase I projected to be finished by 2027. The project marks the largest development in East Kansas City’s history, according to Block & Co.
KANSAS CITY, MO. AND OVERLAND PARK, KAN. — A group of private investors led by LANE4 Property Group has acquired three Kansas City-area shopping centers totaling 421,546 square feet previously owned by MD Management. LANE4 spearheaded the transaction and structured a recapitalization that allowed some of MD’s generational investors to remain in the partnership while other owners were able to exit. The portfolio includes Metro North Square in Kansas City, Oak Barry Center in Kansas City and West Park Shopping Center in Overland Park. The properties have been owned by members of the Morgan and Dreiseszun families since they were developed. Metro North Square totals 188,270 square feet and is 88 percent occupied. It is located on Barry Road, immediately south of the Metro North Mall redevelopment. Prominent tenants include Children’s Mercy, Power Play, The Salvation Army and Spectrum Station. Oak Barry Center spans 136,892 square feet and is 99 percent leased. The grocery-anchored center is located down the road from Metro North Square and is home to Price Chopper, Planet Fitness and Dollar Tree. West Park Shopping Center totals 96,384 square feet and is 98 percent occupied. Anchor tenants include Johnson County Community College, Catholic Charities and Save-a-Lot. Andrew …
By Emily Ackley, NAI DESCO The St. Louis retail market could be perceived as a contrasting story — national headlines continue to spotlight store closures and shifting consumer habits, and yet on the ground, St. Louis is working to write a quite different narrative. Vacancy rates remain tight, redevelopment projects are reshaping corridors and both suburban and urban districts are evolving to meet the demands of today’s consumers. It is not a market without its challenges, but St. Louis retail is far from stagnant. Market conditions As of the second quarter of 2025, the St. Louis retail market experienced a dynamic shift as a result of low vacancy rates, evolving consumer behavior and significant redevelopment projects across the St. Louis MSA. The overall retail vacancy rate stands at 4.7 percent, reflecting a 40-basis-point decrease quarter over quarter and an 80-basis-point decrease year over year, indicating a tightening market. Leasing activity remains robust, particularly in suburban areas of St. Louis, such as West County and St. Charles County, where vacancy rates have decreased by up to 140 basis points in the past year. This is being supported by a combination of steady population growth in the suburbs, shifting migration patterns and …
SEDALIA, MO. — Nabholz Construction Corp. has broken ground on a new fire station, training facility and bowling alley in central Missouri’s Sedalia. Hoefer Welker designed the facilities. The 8,585-square-foot fire station will replace the previous facility. it will feature a three-bay fire apparatus facility with six bunk rooms, a dayroom and a fitness room. The station will be built with a hot zone design approach, decreasing firefighters’ exposure to smoke, carcinogens and toxic chemicals, according to Hoefer Welker. There will also be a dedicated gear decontamination area and advanced air pressurization and thermal comfort systems. Adjacent to the new fire station, the 2,749-square-foot fire training facility will house two fire apparatus bays and include a workshop and restrooms within the pre-engineered metal building. A separately designed burn tower will serve as a comprehensive classroom. The project will also include an 18,775-squarefoot, 16-lane bowling alley with a commercial kitchen and e-sports center. The bowling alley is being funded through a combination of city funds and a donation from Sue Heckert, a notable donor to several city projects, including the Heckert Community Center. Additional project partners include BHC Engineering, Landworks Studio, Bob D. Campbell & Co. and IMEG.
KANSAS CITY, MO. — The Cordish Cos. has completed a $3 million renovation of One Light Luxury Apartments coinciding with the property’s 10th anniversary. The apartment building, located in Kansas City’s Power & Light District, rises 25 stories with 307 units. The newly renovated lobby features updated lighting, contemporary artwork and enhanced seating areas as well as an expanded Luxer One package system to include refrigerated lockers. The third-floor amenity spaces feature a fully renovated theater and social room with a high-definition LED screen and billiards table, enhanced conference facilities and an expanded package room. The fourth-floor amenity spaces include a refreshed demonstration kitchen and the addition of new coworking booths and flexible workspaces in the clubroom. The lounge area has been updated with a new fireplace as well as new flooring and finishes. The leasing office was also redesigned with modern finishes. Residential floors throughout the building have undergone a complete refresh with new carpet, updated lighting, fresh paint and upgraded elevator vestibules.
By Lindy Beyer and Matt Rau, CBRE Kansas City is a special place. We have long been known for our renowned barbecue, jazz and most recently, as the city where Taylor Swift’s fiancé works. Retail is at the core of our city, attracting visitors from all over the world to experience our city’s welcoming and rich culture. As the metro area has grown, so has the retail market. We are currently experiencing a period of robust growth, fueled by a combination of strong suburban demand, exciting new mixed-use developments and the appeal of big box vacancies. Sports have been an additional driver as the city continues to invest in its athletic and entertainment offerings. These venues attract large crowds — generating foot traffic and boosting sales for nearby retailers. Retail occupancy rates in Kansas City have increased from 93 percent to 95.1 percent in the last five years, showing the strong overall demand in the market. This is especially notable as there have been over 2.6 million square feet of new retail space delivered over that same time frame, with a large portion contained in mixed-use developments. Overall growth in the Kansas City submarkets has triggered a higher demand for …
DES PERES, MO. — Albion Residential, along with partners Koplar Properties and Theis Group, have broken ground on Magnolia Ridge in Des Peres, a western suburb of St. Louis. The five-story, 182-unit apartment complex will feature a fitness center with sauna and yoga room, a private dining room, game lounge, resident speakeasy, dog wash, outdoor pool, golf simulator and resident mini mart. Brinkmann Constructors is the general contractor, and Old National Bank provided construction financing. Completion is slated for spring 2027.
ST. PETERS, MO. — Berkadia has arranged a $15.4 million Freddie Mac loan for the refinancing of Pure St. Peters, a 143-unit multifamily community in the northwest St. Louis suburb of St. Peters. Charles Foschini, Christopher Apone and Shannon Wilson of Berkadia arranged the financing on behalf of the borrower, Tilden Legacy Pure St. Peters Apartments LLC. The loan features a five-year term and a fixed interest rate. The property was 94 percent occupied at the time of the loan closing. The three-story community was built in 2019. Amenities include a pool with sundeck, fitness center, package receiving area, business center and outdoor lounge.
KANSAS CITY, MO. — Tutera Senior Living & Health Care has added 26 senior living communities to its portfolio through a transaction with AlerisLife and an ongoing partnership with Diversified Healthcare Trust. The expansion, which includes eight owned acquisitions and 18 new management agreements, strengthens Tutera’s Midwest presence. With this addition, Kansas City-based Tutera will operate 108 communities across 11 states, with 66 dedicated senior living communities totaling 5,422 units. The company’s overall portfolio now encompasses 9,755 units, with a mix of 56 percent senior living and 44 percent skilled nursing. The expansion broadens Tutera’s footprint into Tennessee, adding to its presence in Alabama, Illinois, Indiana, Iowa, Kansas, Louisiana, Missouri, Nebraska, Oklahoma and South Carolina. The phased acquisition and transition of the 26 communities is expected to be completed by the end of the year. Some properties will transition to new names under Tutera.
