Kansas City has issued VanTrust Real Estate LLC zoning compliance letters for a collective 12.25 acres throughout East Village, one of two finalists for a new Royals baseball stadium and ballpark district. Such letters often precede a sale, though VanTrust says no deal is imminent.
Under a recent Kansas City policy imposing construction deadlines for incentive-receiving developments, the team behind a Hyatt House hotel in Quality Hill would have had to complete the long-stalled project by June 2024. City officials agreed to extend that timeline two years due to financial difficulties stemming from the hotel's original planned lender.
New industrial plans from Block Real Estate Services LLC call for up to 3.72 million square feet of speculative industrial space, or an estimated $365 million in investment, west of Interstate 29 in Kansas City's Northland.
Grant Harrison, a 13-year veteran with VanTrust Real Estate LLC, will take over for Rich Muller as executive vice president, leading the local builder's Kansas City development team.
As the $4 billion Panasonic EV-battery plant continues coming out of the ground in De Soto, the city will be able to easily capitalize on the facility's presence to lure more businesses to town.
Kansas City's new short-term rental policies, which became effective Thursday, include tighter provisions for listings in apartment buildings with active tax incentives. The city acknowledged some room for interpretation in cases where units are listed for varying lengths of stay.