Two major shopping locations in north Overland Park are inching closer to being redeveloped and receiving public financing.At its conference
Monday night, the city council unanimously approved producing a redevelopment district for a mixed-use task at 95th Street and Metcalf Opportunity, and then another one for a mixed-use project down the street at 91st Streets and Metcalf, making both tasks now qualified for tax increment funding, otherwise understoodcalled a TIF.At 95th and Metcalf, Lane4 Building Group is planning to take down Metcalf South Mall, which sits on the southeast corner of the intersection, and alsoas well as the K-Mart shopping mall, which sits on the northeast side.Where the uninhabited
K-Mart strip stands, developers hope to develop a community-focused community center, featuring store stores, innovative workplace area and luxury multi-family apartments. It would also showcase distinctive architecture and landscaping. In a town square aspect, developers are believingconsidering including a video screen, where people could watch sports or meetmeet friends and family.In location of the mostly empty shopping center, they intend to build larger footprint stores. Sears, which owns its building, will continue to be and will not be part of the project.Owen Buckley, the president of Lane4, stated the development, called Central Square, might
cost around$320 million.”This is a pivotal tract in the heart of Overland Park and it has been in a descending mode for the past 25 years,” he said.”There are more and more jobs popping up, which is something all of us want set and reversed. We simply have one shot to get it right.”In the previous year, the developers have actually worked closely with the surrounding neighborhood by organizing area conferences and corresponding with residents via e-mail. They also have teamed up with market specialists, checked out retail and office possibilities, closely checked the multi-family market, and looked at methods for the development to be flexible amidst changing markets.The task does not have any sellers or companies registered yet due to the fact that developers are still smoothing out the plan’s details.During a public hearing for the project, numerous citizens revealed their approval.”This corner is an eyesore,”Mark Sutton, president of the Nall Hills Homeowners Association, said.”We’re delighted about this opportunity. We hope the city can work with the developer to make
a prize-winning development at this site.” Fellow resident Carol Kelly represented one of the
dissenting voices, however.She’s resided in the Kansas City location for 30 years and she watched Metcalf South decrease. She’s not sure any kind of retail might rejuvenate the area.She’s also concerned about the town square aspect with the large video screen. She mentioned that she avoids Oak Park Mall, saying crowds of teenagers clog the sidewalks. She’s wary the same thing
will occur to Central Square.”I do not desire individuals hanging out at this place,” Kelly stated. “I live in strolling distance and I’m anxious about the security of my neighborhood.”In response to Kelly’s issues, Buckley stated he thinks individuals are distressed to see upgraded retail at the 95 th and Metcalf location.”The majority of retail has gone south of 435,”he mentioned.” North of 435, the retail isn’t as fancy.
It’s time for north Overland Park to have some cool shops. “He likewise included that Central Square is not going to be the next Power amp; Light District
; it will be more family-oriented. Although certain information about the task haven’t been launched yet, many councilmembers stated they were interested
by the project and they readily concurred to move things forward.On the northeast corner 91 st and Metcalf, designers are proposing a$97 million redevelopment for the Gateway
Plaza shopping center.To be relabelled The Promontory, the refurbished shopping area will certainly include blended use, retail and residential buildings.Current renters include Half Price Books, J. Gilbert’s Wood-Fired Steaks and Seafood, the Longbranch Drinkery and IHOP, amongst numerous others.Alaskan Fur, a stand-alone building, is not part of the project.If all goes smoothly with the TIF and approval process, The Promontory could become a fact quickly, stated John Petersen, the legal agent for the developer. The job is shovel-ready for 2015. No individuals spoke up throughout the project’s public hearing.