Hunt Midwest sells The Vue multifamily community to JVM Realty
219-unit luxury apartment project marks Illinois developer’s first foray into Johnson County, Kansas
Overland Park, Kansas — May 23, 2022 — Hunt Midwest has announced the sale of The Vue, a Class-A luxury, multifamily apartment community in Overland Park, Kansas, to JVM Realty (JVM) out of Oak Brook, Illinois. The sale marks JVM’s first entry into the Johnson County submarket of Kansas City. The purchase will add to JVM’s seven properties on the Missouri side of Kansas City and 19 total apartment communities throughout the Midwest.
One of the first mixed-use redevelopment projects in historic Downtown Overland Park, The Vue offers 216,000 square feet of luxury apartment living for residents with a mix of 219 one- and two-bedroom units and 7,300 square feet of diverse retail offerings, including Parisi Coffee and Evolve Juicery & Kitchen. The Vue’s residents enjoy upscale amenities such as a 24-hour fitness center, saltwater pool, clubhouse with a full-service kitchen, business conference room, secure-structured parking garage, bike repair and storage room, covered outdoor bar and lounge, and pet spa. The community was named for its unique location, which offers panoramic views of Downtown Overland Park that almost reach downtown Kansas City. The Vue offers carefree living with walkability to Overland Park’s revitalized downtown retail, restaurant, and office district, the Farmer’s Market, and Matt Ross Community Center. With proximity to Interstates 35, 435, 635, and Highway 69, residents can easily access major employers and premier healthcare facilities.
“The Vue has added immeasurable value to the greater Downtown Overland Park community by providing a diverse mix of retail options, luxury amenities, and walkability for residents,” said Hunt Midwest’s Senior Vice President of Residential Development, Brenner Holland. “The Vue’s unique location, quality construction, and extremely low vacancy allowed us to capture rent increases while still leaving upside for JVM.”
“We’ve continued to see incredible demand for upscale multifamily in a mixed-use environment, and Hunt Midwest has the reputation, resources, and relationships to see those projects to fruition,” said Hunt Midwest’s President & CEO Ora Reynolds. “It’s been energizing to see the impact that The Vue has had on Downtown Overland Park’s resurgence. We look forward to continuing to shape the Kansas City landscape through new multifamily opportunities.”
The Vue reflects the ongoing revitalization efforts in Overland Park’s historic downtown district, which has continued to add prominent retailers and businesses to the area. Hunt Midwest’s expertise in developing infill multifamily was required due to the project’s high degree of complexity, which tied two disparate properties together on a two-acre plot of land utilizing Overland Park’s Downtown Form Based Code ordinance. Kansas City-based architecture firm Hoefer Welker was the project’s architect-of-record with Lincoln, Nebraska-based engineering firm Olsson providing civil engineering and survey. The Vue received a Kansas City Business Journal Capstone Award in the multifamily category in 2020. Construction on the project completed in 2019.
Hunt Midwest continues to develop Class-A multifamily as infill opportunities arise, including its next major development adjacent to the University of Kansas Medical Center Campus.
About Hunt Midwest
Hunt Midwest is a Kansas City-based, privately held real estate development company with six decades of expertise in industrial, self-storage, residential, multifamily, and senior living communities, with more than $2 billion of developed projects in multiple geographic markets. Hunt Midwest leverages its reputation, resources, and relationships to create successful real estate solutions.
Hunt Midwest is one of the pillars of the Lamar Hunt Family’s holdings, which include interests in real estate, sports/entertainment, energy/natural resources, and private equity. Other marquee brands include the Kansas City Chiefs, Chicago Bulls, FC Dallas, Hunt Southwest, and Trinity Hunt. Learn more at HuntMidwest.com.