“We’re having one of the biggest booms that I’ve seen in 37 years in the business.” That’s what David Hinchman, senior salesman for the Kansas City offices of CBRE, said at the Oct. 10 Independence Economic Development Council luncheon.
“Kansas City is finally coming into its own and becoming the natural distribution point,” he told the Examiner.
How long might this last? For years, Hinchman said, thanks to a number of positive factors, particularly major investments at the Ford and GM auto plants. It also helps that the region has a high number of interstates that pass through it and that a large of amount of freight is shipped through the region by rail. All of that activity adds up to a growing demand for warehouses. In fact, Hinchman said growth in the industrial construction sector looks good for at least four or five more years.
The industrial sector isn’t the only real estate sector seeing action. The Winter family, owners of Furniture Mall of Kansas, is planning to resurrect the former Benchmark Home Furnishings building in Olathe. They plan to enter the Kansas City market next spring with a five-store complex under one roof.
This 160,000-square-foot building, across from the Bass Pro Shops store at Kansas City Road and Renner Boulevard, is being renovated to house RoomMakers, Discovery Furniture, Marling’s Furniture, Mattress Headquarters and Abbey Flooring Headquarters.
And, in case you missed this news, construction recently began on a $350 million development in Overland Park that could eventually include apartments, offices, retail shops and a senior living facility.
The CityPlace project — being developed by Kansas City-based Block Real Estate Services — covers about 90 acres near U.S. 69 and College Boulevard.
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About the Author
Lon is the former publisher of the Colorado Springs Business Journal and Colorado Springs Military Newspaper Group.He has served in leadership roles at various newspapers in Iowa, Florida and Wisconsin. Lon received his Bachelor of Arts in Communications from the University of Wisconsin, Eau Claire and attended the Kellogg Graduate School of Management at Northwestern University. Earlier in his career, Lon spent several years as a sea captain and held a 100-ton Coast Guard license. Lon is a former rugby player, referee and administrator and now coaches under 13 year old kids. Lon has served on the boards of numerous community and business organizations including Colorado Springs Leadership Institute, Peak Venture Group, CS Quality of Life Indicators Business Index Committee, Junior Achievement and is a member of The Colorado Thirty Group. Lon was given the “Making the Pikes Peak region a better place to live work and play” award by the CS Chamber of Commerce, was the VFW Post 1’s business citizen of the year.