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Class A planned multi-housing community
in the Waldo neighborhood of Kansas City, MO
DENVER, CO – JLL Capital Markets has arranged a $12.7
million equity investment for the construction of Waldo District, an
approximate 283-unit, Class A multi-housing community in the Waldo neighborhood
of Kansas City, Missouri.
JLL worked on behalf of the borrower, EPC Real Estate Group, to secure
the equity investment with a national fund manager.
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| Austin Bradley |
Units will be finished with marble countertops, stainless
steel appliances, full-size washer/dryers, modern tiled tubs or showers, smart
locks, smart thermostats, walk-in closets, LED lighting and balconies in select
units.
The community will offer top-of-the-line amenities,
including a luxurious clubhouse; media area with bourbon/wine lounge, golf
simulator and e-sports; fitness center and yoga/spin studio; remote work office
space; dog spa, secure bike storage and repair; a resort-style pool; fire pits;
outdoor grills; outdoor televisions and landscaped courtyards.
Waldo District
will also offer approximately 349 parking spaces within a structured garage.
The 2.68-acre parcel at 7421 Broadway St. is currently
improved with a warehouse, car wash and the recently closed Well Bar and Grill,
which intends on relocating to the retail space on site.
The property is
located in the heart of the Waldo neighborhood, just 6.8 miles south of
Downtown Kansas City. The immediate area boasts more than 1.2 million square
feet of restaurants, shops and bars that are all easily walkable from Waldo
District.
Mark Erland
In addition,
residents have access to the Harry-Wiggins Trolley Track Trail and easy access
to major roadways, including Interstates 71 and 169 providing connectivity to
the greater Kansas City area.
“This development will seamlessly integrate into the
existing fabric of the neighborhood, while embracing Waldo’s own unique
character,” said Austin Bradley, Executive Vice President at EPC Real
Estate Group.
“We look forward to delivering an unmatched urban
lifestyle offering at one of the most transit oriented and walkable sites in
the city.”
The JLL Capital Markets team was led by Managing Director
Mark Erland and Director Kevin Barron.
“EPC Real Estate Group is delivering much needed Class A
multi-housing product to a growing neighborhood that currently has zero Class A
projects planned or delivered and the existing stock has an average vintage of
1973,” added Barron.
“The community’s popular location and its proximity to
the Country Club Plaza, while being a short drive to employment in Overland
Park will appeal to young professionals and families seeking a trendy, urban
feel while also being adjacent to some of the best residential neighborhoods in
the metro.”
Kevin Barron
For more news, videos and research resources, please
visit JLL’s newsroom.
CONTACT
Grace Lewis
PR, Capital Markets
JLL
2401 Cedar Springs Rd.
Dallas, Texas 75201
M +1 903 520 3478