Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.
Tuesday, August 20, 2013
BRES' Deal of the Week - WaterCrest at City Center
Kenneth G. Block of Block Real Estate Services, (BRES) closed on a land deal for a future multifamily development located at I-435 and 87th Street in Lenexa, KS.
Details of the Deal:
Buyer: Block Sponsored Investment Group Seller: Kansas City Center Retail Return, LLC Size: 28.35 Acres Price: $3.3MM
The multifamily site will be named WaterCrest at City Center. WaterCrest will be a planned, 306-unit luxury multifamily community located in Lenexa, Kansas. WaterCrest is planned as a two-phase, Class A+ multifamily development encompassing 552 unit in 11 apartment buildings and two clubhouses.
WaterCrest at City Center will be located on an infill site within the Lenexa City Center development, a 200-acre mixed master planned community located at the intersection of 87th Street and Renner Boulevard adjacent to I-435 in one of the Kansas City's fastest growing suburbs.