- For Sale Contact for pricing
- Property Type Other
- Date Updated Apr 26, 2024
- Website paragonstar.sharplaunch.com
Paragon Star: A Transformative Development Opportunity
Paragon Star as a Cornerstone of Evolution
Paragon Star represents more than just a development project; it's a key element in the growth of Lee's Summit and the Kansas City metropolitan area at large. Seeking a distinguished investor/builder, this opportunity aligns with those who have a vision for transformative development and wish to partner with the Paragon Star Master Development team.
Leadership and Vision
The team is led by Flip Short, an innovative leader with a successful track record, alongside partner Bill Brown. With a decade dedicated to bringing Paragon Star to life, their commitment to quality and philanthropy offers a unique chance to be part of this community-focused vision.
Location: The Heart of Growth
Located in Lee's Summit, MO, Paragon Star enjoys a strategic position within a rapidly growing suburb known for its quality of life and economic growth. It offers direct access to major transportation and is part of a 200-acre mixed-use master plan, enhancing its community integration and appeal.
The Opportunity: Beyond Investment
The project benefits from city incentives, including sales tax abatement, with all entitlements and funding avenues in place. With a construction estimate of $55.8 million, Paragon Star presents a profitable investment opportunity with a clear execution path.
Market Overview: Demand Meets Opportunity
A multifamily study highlighted a significant need for market-rate apartments, a gap Paragon Star is poised to fill. With higher income levels and proximity to major employers, the project is situated in an area of growing demand and anticipated rent growth.
Strategic Partnerships and Support
Investors can leverage partnerships with Finkle + Williams Architecture, Brinkman Constructors, and local authorities for a smooth development process, ensuring high standards of excellence and innovation.
Paragon Star: An Investment in the Future
Paragon Star offers an investment in a vision of community, innovation, and growth for Lee's Summit. With a solid foundation and the sporting fields already in use, the project seeks new partners to realize its full potential amid a vibrant and growing community.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
Highlights
- Lees Summit is among the fastest growing, most popular suburbs of the Kansas City Metro, consistently rated among the Best Places to Live in the US.
- The Lees Summit Economic Development Council commissioned a multifamily study, which identified a need for 2,300 additional marketrate apartment units over the next decade, over and above existing supply or projects in the pipeline.
- Higher Per Capital Income than many other KC suburbs
- Rent Growth: 6%/year
- Great Education system both public and private, including K12 through Junior College/University
- Strong City Management Development provided incentives via City initiatives
False
Contacts
Kevin King
(918) 853-9182
Taylor Cornelius
(806) 290-7591
Gary Krisman
(918) 812-7830
Location
Getting Around
-
Walk Score ®
5/100 Car-Dependent -
Bike Score ®
6/100 Somewhat Bikeable
- City Lee's Summit, KS
- Neighborhood Bent Tree Bluffs - Summerfield
- Zip Code 64081
- Market Kansas City
Points of Interest
-
QuikTrip
8.64 miles
-
Phillips 66
8.68 miles
-
Fleming / Conoco
8.96 miles
-
BP
9.04 miles
-
BP
9.22 miles
-
HyVee
9.40 miles
-
Sinclair
9.48 miles
-
Phillips 66
9.49 miles
-
Popeyes
8.67 miles
-
Goodcents
8.67 miles
-
Taco Bell
8.67 miles
-
Jimmy John's
8.75 miles
-
Gates Bar-B-Q
8.76 miles
-
Pokéloha
8.91 miles
-
Smoothie King
8.92 miles
-
Papa Murphy's
8.94 miles
-
Chick-fil-A
9.03 miles
-
t. Loft
9.21 miles
-
Rockhurst High School
8.65 miles
-
The Barstow School
8.65 miles
-
The Phoenix Montessori School
8.86 miles
-
Bagby School
9.78 miles
-
Cure of Ars Elementary School
9.91 miles
-
Nativity Parish School
9.96 miles
-
Linwood School
9.99 miles
Frequently Asked Questions
What is the total square footage of Paragon Star?
Paragon Star totals 200 square feet.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.