KANSAS & MISSOURI THE OTHER PLACE OPENS AT MISSION WEST SHOPPING CENTER spread across ve buildings. Mia Rose completed development of the property in spring 2023. The St. Louis-based multifamily developer has more than 3,000 units in development across the St. Louis, Northwest Arkansas, Indianapolis and North Texas markets. MISSION, KAN. — The Other Place, an American sports grill and pizzeria, has opened at Mission West Shopping Center in Mission, a southern suburb of Kansas City. The tenant occupies the 4,050-square-foot space at 6522 Martway St. that was formerly home to Italian Delight. David Block, Max Kosoglad and Darren Siegel of Block & Co. Inc. Realtors represented ownership in the lease. The Other Place was founded in 1970 in Cedar Falls, Iowa. This location marks the fourth in the greater Kansas City area. There are also eight locations in Iowa. Mission West totals approximately 87,000 square feet. PASSCO ACQUIRES 278-UNIT CORTONA AT FOREST PARK APARTMENT COMPLEX IN ST. LOUIS MIA ROSE HOLDINGS SELLS 156-UNIT APARTMENT COMPLEX LAKE SAINT LOUIS, MO. — Mia Rose Holdings has sold The Solstice, a 156-unit Class A apartment complex in Lake Saint Louis, a northwest suburb of St. Louis. The sales price was undisclosed. Minneapolis-based Timberland Partners was the buyer. The Solstice features 48 two-bedroom units and 108 one-bedroom units ST. LOUIS — Passco Cos. has acquired Cortona at Forest Park, a 278-unit apartment complex in St. Louis. The purchase price was undisclosed. Built in 2014, the Class A community is situated near Forest Park and the Central West End neighborhood. The ve-story property is 93 percent leased. Amenities include a pool, tness center, dog park and pet spa. Kevin Girard, Mark Stern and Zach Kaufman of JLL represented the seller, Invesco Real Estate. Caleb Marten of KeyBank Real Estate Capital arranged an undisclosed amount of acquisition nancing on behalf of Passco. With this transaction, Passco has surpassed $4 billion in assets under management, with $250 million designated in the Midwest region. Discovery Park will be built in four phases through 2031. The 3.9 million-square-foot development will include hospitality, retail, of ce and residential space. INTRINSIC DEVELOPMENT BREAKS GROUND ON $900 MILLION DISCOVERY PARK MIXED-USE PROJECT LEE’S SUMMIT, MO. — Intrinsic Development has broken ground on Discovery Park, a $900 million mixed-use project in Lee’s Summit, a southeast suburb of Kansas City. The 3.9 million-square-foot development will span 268 acres near I-470 and NOW LEASING THE OFFICE REIMAGINED Walkable, Mixed-Use Aspiria Campus MANAGED WI-FI 913.355.5173 | ASPIRIAKC.COM GREEN SPACES CAMPUS FITNESS CENTER FREE COVERED PARKING Saint Luke’s East Hospital. Two hotels, a Marriott TownePlace Suites and a Home2 Suites by Hilton, are among the rst properties to be built at Discovery Park. Combined, the hotels will offer 230 rooms and are slated for completion prior to when Kansas City hosts games for the 2026 FIFA World Cup. Plans also call for 2,791 luxury apartment units within a development named Alura, as well as Class A of ce space, medical of ce buildings and retail space. Among Discovery Park’s amenities will be a riverwalk district featuring access to more than ve miles of trails connected to the Nature Trail at Unity Village and seven acres of recreational lakes for kayaking and paddle boarding. The Discovery Athletic Club will be a state-of-the-art tness facility available to both residents and employees, as well as the Poolside Day Club. Construction of Discovery Park will take place in four phases from now until 2031. The rst phase is The Village, which will include the two hotels as well as 80,400 square feet of commercial, of ce, retail and restaurant space, and 585 apartment units. Tenants slated for The Village include Yoga6, CoffeeHAUS, Wood re Pizza and Brews, Body Fit Training, Village Market and the corporate headquarters of Intrinsic. “We looked all across the Midwest for a location that could truly combine live, work, stay and play and were thrilled with how well a t the Lee’s Summit community was for this project,” says Jack Cardetti, spokesman for Intrinsic. “With great schools, roads and an abundance of healthcare jobs nearby, Lee’s Summit was the ideal location for this destination development.” A developer based in Columbia, Mo., Intrinsic has built more than 3.5 million square feet of commercial real estate across the Midwest. Mike VanBuskirk, Justin Beal and Chris Robertson of Newmark Zimmer are the leasing agents for Discovery Park. 8 • January 2024 • Heartland Real Estate Business www.REBusinessOnline.com
Heartland Real Estate Business January 2024: 8
