Tag Archive for: commercial real estate
Go inside ‘SubTropolis,’ the underground city housing Hollywood treasures, ‘cool’ companies
NBC Sunday TODAY Show – October 16, 2016
Under a hill in Kansas City lies a massive man-made facility where businesses have taken up shop. Reporting for Sunday TODAY, NBC’s Harry Smith explores the 6 million square foot industrial park holding Hollywood treasures, cloud computing services and even food distributors. Go inside SubTropolis…
Hunt Midwest announces 126-acre industrial park expansion
Rob Roberts – Kansas City Business Journal
Responding to growing demand in the automotive supply, e-commerce and data center markets, Hunt Midwest has completed a 126-acre surface business park expansion.
The Hunt Midwest Business Center now can accommodate as much as 2 million square feet of new Class A warehouse and distribution space, the firm said in a release.
“HMBC is located in Clay County just south of Ford’s Claycomo Assembly Plant and adjacent to both the Norfolk Southern intermodal facility and Kansas City’s FedEx Ground hub,” Hunt Midwest CEO Ora Reynolds said in the release. “This makes HMBC an ideal location for e-commerce fulfillment centers, automotive suppliers and up-fitters.
“With direct access to I-435, companies locating in HMBC can ship to 85 percent of the United States within two days. The availability of multiple fiber carriers and diverse sources of power also make this a great location for data centers.”
Buildings planned in the business park’s new phase are designed for single-tenant and multitenant users and range in size from 200,000 to 875,000 square feet. One of the buildings, including 200,000 square feet, will be built on a speculative basis, meaning before tenants are lined up.
“With buildings divisible to as small as 50,000 square feet, Hunt Midwest Business Center will serve an unmet tenant demand in the industrial market,” Reynolds said in the release, adding that Hunt Midwest will offer tenants land purchase, build-to-suit and lease options. Go to KCBJ.com for more…
KC celebrates sewers that will spawn 14,000 acres of development, 70,000 residents
Rob Roberts – Kansas City Business Journal
Development and city leaders gathered Monday to celebrate completion of a $43 million sewer expansion project that will open up 14,000 acres of the Northland for development and add 70,000 residents to the city over the next several years.
The ribbon-cutting event was held at the recently completed Benton House at Tiffany Springs, an $8.5 million assisted-living and memory-care facility at 5901 N.W. 88th St. Developed by Hunt Midwest Enterprises, the facility was the first commercial property to be hooked up to the new sewer system, which includes 10.5 miles of lines and two new pump stations.
The system will serve the largely undeveloped First Creek and Second Creek watersheds, which together form a growth territory in Clay and Platte counties that’s become known as the Twin Creeks area.
“Sewers aren’t sexy,” Brenner Holland, Hunt Midwest’s vice president of residential development, said during Monday’s ceremony. “But (as a result of new sewers), you do see buildings like this, which are an immediate return on investment.”
Hunt Midwest, which owns 300 acres in the Twin Creeks area, also is preparing to develop the new Park Place North community east of Platte Purchase Drive between N.W. 100th and N.W. 108th streets. Holland said construction is expected to begin next year on the development’s first phase, which will include about 60 single-family homes priced from $350,000 to the $400,000s. Go to KCBJ.com for more…
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