A major portion of the area designated by the EDC for its “587 Project” has been placed on sale by the owner.
Located southeast of I-435 and Highway 152, tracts totaling over 500 acres are now for sale by the Church of Jesus Christ of Latter-day Saints.
Most of the Northland properties listed for sale by the Church of Jesus Christ of Latter-day Saints are located southeast of Interstate 435 and Missouri Highway 152. The sale is being conducted by Block & Co., Inc., Realtors. The property is among several large holdings of the church throughout Greater Kansas City, including a location in Lee’s Summit that has also been announced as for sale.
The Clay County Economic Development Council identified the area near 435 and 152 for the 587 Project in 2018, calling for a regional development with Class A office, diverse retail, sports, entertainment and residential development.
In a Sept. 6 news release, Block & Co., described the project and noted the EDC’s project:
“Block & Company, Inc., Realtors is excited to announce that 533.45 acres of prime development land is now officially for sale at the interchange of Interstate 435 and 152 Highway in Kansas City, Missouri. The property is situated on the western edge of Liberty, Missouri, one of the fastest-growing cities in the Kansas City metro area and is directly adjacent to two major traffic arteries that serve much of the Northland.
The Church of Jesus Christ of Latter-Day Saints has selected David M. Block and Bill Maas, CCIM of Block & Company, Inc. to be the exclusive listing agents for the multibillion-dollar development. In total, there are 18 tracts ranging from 1.42 acres to 84.3 acres in size. The property will be mixed-use, including class-A office space, multifamily complexes, hotels, several retail shopping centers, restaurants and exciting entertainment features.
Block & Company, Inc. expects to work closely alongside several developers and future tenants throughout the multiphase project. This property has been one of the most highly sought-after pieces of vacant land in the Greater Kansas City area by developers for many years and now marks the first time it has come to market for development in conjunction with the Clay County EDC’s 587 Project.”
The Clay County EDC describes what this development could look like:
“Start with elements from Johnson County’s Corporate Woods and Wyandotte County’s The Legends. Mix in a newer version of the Independence Cable Dahmer Arena, top-quality outdoor sports facilities, a river walk and upscale hotels. Link all of this with parks, streetscapes and pedestrian-friendly designs. The final product will represent billions of dollars in investment and provide a destination location unique to the region. If that sounds farfetched, remember that the interchange is a blank slate at a prime spot in Greater Kansas City.”
The intersection of I-435 and 152 Hwy has one of the highest traffic counts in the metropolitan area, which will draw some of the most recognizable national, regional and local brands to this location.
Several Clay County officials, residents and business owners have stated that this immense mixed-use project will be the biggest economic boost the Northland has ever seen. Block & Company, Inc. stated that they are proud to be at ground zero to initiate the launch of this remarkable development opportunity for the Clay County community.