{"id":1004668979,"date":"2023-06-22T02:57:42","date_gmt":"2023-06-22T10:57:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004668979"},"modified":"2023-06-22T04:57:29","modified_gmt":"2023-06-22T12:57:29","slug":"3-7-msf-industrial-project-moves-forward","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/3-7-msf-industrial-project-moves-forward\/","title":{"rendered":"3.7 MSF Industrial Project Moves Forward"},"content":{"rendered":"
\"generic<\/a>

Image by Lorenzo Cafaro via Pixabay.com<\/em><\/p><\/div>\n

Block Real Estate Services<\/strong> has received municipal plan, rezoning and incentive approvals for its Tiffany Springs Logistics Park, a $365 million, 3.7 million-square-foot industrial project in Kansas City, Mo.<\/p>\n

The campus will come online in three phases on approximately 281 acres; the site is located west of Interstate 29 in The Northland, northeast of Tiffany Springs Road and Amity Avenue. At full build-out, the property will comprise seven buildings ranging from 423,033 to 754,792 square feet.<\/p>\n

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READ ALSO:<\/strong> Top 5 Markets for Industrial Construction in the South<\/a><\/p>\n

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Pending approval by the Port Kansas City agency this fall, construction on the park’s 1.9 million-square-foot first phase could start in 2024, with completion estimated in 2029. Depending on market demand, the entire campus could be delivered by 2036. Finkle + Williams Architecture<\/strong> is the project architect, while McClure Engineering<\/strong> will serve as civil engineer.<\/p>\n

Block did not reply to Commercial Property Executive<\/em>\u2019s request for information.<\/p>\n

The company\u2019s existing properties in the Kansas City metro include the 117-acre Lenexa Logistics Centre in Lenexa, Kan., the 80-acre K-7 Logistics Centre in Shawnee, Kan., and the 223-acre 175th Commerce Centre in Olathe, Kan., among others.<\/p>\n

Plenty active<\/h2>\n

Tiffany Springs is one of several projects that are planned or underway in The Northland, driven in part by the recent opening of Kansas City International Airport\u2019s new $1.5 billion terminal.<\/p>\n

In March 2022, for example, tech powerhouse Meta started work<\/a> on its first data center in Kansas City, an $800 million hyperscale facility within Diode Ventures\u2019 5.5 million-square-foot Golden Plains Technology Park. Completion is expected in 2024.<\/p>\n

Other submarkets of the metro are active, too. In March of this year, ARCO National Construction and Block Real Estate Services completed a 200,000-square-foot distribution center<\/a> at Lenexa Logistics Centre in Lenexa, Kan. The building is owned by MS International, a provider of flooring and hardscaping products.<\/p>\n

Kansas City’s industrial demand has been steady enough to spur ongoing leasing and construction, especially in Johnson County, though investment sales have suffered because of increased interest rates, according to a first-quarter report from JLL.<\/p>\n

Still, over the rest of the year, the metro will see more than 13 million square feet of demand versus more than 10 million square feet of deliveries, the report estimates. Meanwhile, overall vacancy was 3.9 percent at the end of March and trending downward.<\/p>\n","protected":false},"excerpt":{"rendered":"

Upon final approval, the $365 million development will get underway in Kansas City next year.<\/p>\n","protected":false},"author":882,"featured_media":1004551150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,1592,13,21742],"tags":[39257],"class_list":["post-1004668979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-kansas-city","category-midwest","category-latest","tag-block-real-estate-services"],"acf":[],"yoast_head":"\n3.7 MSF Industrial Project Moves Forward - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Block Real Estate Services is moving forward with Tiffany Springs Logistics Park, a 3.7 million-square-foot project in Kansas City, Mo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/3-7-msf-industrial-project-moves-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3.7 MSF Industrial Project Moves Forward\" \/>\n<meta property=\"og:description\" content=\"Block Real Estate Services is moving forward with Tiffany Springs Logistics Park, a 3.7 million-square-foot project in Kansas City, Mo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/3-7-msf-industrial-project-moves-forward\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-22T10:57:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-22T12:57:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Generic-Architecture-Plan-e1654003991542.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/3-7-msf-industrial-project-moves-forward\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/3-7-msf-industrial-project-moves-forward\/\",\"name\":\"3.7 MSF Industrial Project Moves Forward - 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