Linwood Investors Breaks Ground on $8M Redevelopment of Retail Strip Center in Kansas City
KANSAS CITY, MO. — Linwood Investors LLC has broken ground on its $8 million redevelopment of Linwood Square, a blighted retail strip center in the Linwood-Prospect corridor on Kansas City’s east side. The project complements the redevelopment of the Linwood Shopping Center, which the company completed in 2017. Linwood Square is a 55,000-square-foot property originally built in 1992. Project plans call for new exterior facades and roofing as well as energy-efficient HVAC, LED lighting and an interior redesign.
Project funding comes from public incentives and private financing. The public improvements include funding from the Central City Economic Development Sales Tax Fund, Tax-Increment Financing Commission and Public Improvements Advisory Committee. Led by UMB Financial Corp., private financing partners include Bank of Blue Valley, Community America Credit Union and Arvest Bank. The project team includes architect Hoefer Wysocki and general contractor Centric. Completion is slated for summer 2020.