Thank you for sharing!

Your article was successfully shared with the contacts you provided.

KANSAS CITY, MO-A 500,000-sf phase two is soon opening at Zona Rosa, an urban town center mixed use project here on North Dixson Avenue, boosting the mostly retail development to more than one millions sf. A new 200,000-sf Dillard’s store will anchor the second phase of the project, and will open Nov. 6. The entire project, which also includes about 90,000 sf of office and 73 apartments, is costing about $400 million to build, and will be fully open by early next year.

The first phase of the project was complete in 2004. Mostly retail, the first phase includes Barnes & Noble, Dick’s Sporting Goods, Marshalls and Staples; as well as 24 apartments and 40,000 sf of office. Most of the first phase retail is leased, and the office and apartments are full, says Rosemary Salerno, general manager of the project for developer Steiner & Associates. “The response has been tremendous, and the new stores will be wonderful additions,” she says.

Along with Dillard’s, new stores announced for the $200 million phase two include Coldwater Creek, Chico’s, Gymboree, Sephora, Topsy’s Popcorn and the Cookie Factory Bakery, Select Comfort and Pretzelmaker. “The new stores really add to the mix, bringing in a lot of new labels, especially women’s specialty retail, that we’ve been lacking,” she says.

There are other stores that are going into another 200,000 sf, but Salerno says she can’t name them yet. “Many deals are pending and not yet announced,” she tells GlobeSt.com. “The economy has been a little bit of a challenge for our leasing team, but we’re forging ahead. We’ve felt that some companies have pulled back on expansion plans, but when they’re ready to go, we’ll be first on their list.”

The 24 loft apartments in phase one are full, she says, and the company has just started marketing the 49 traditional apartment units. “We’ve leased a couple already,” Salerno says. The current Lofts at Zona Rosa apartments lease for about $810 to $1,780 per month.

The current office 45,000-sf of office is also fully leased, and about half of the 35,000-sf in the second phase is taken. Citizen’s Bank & Trust is taking a full floor of office space above first-floor retail in one of the buildings. The company is moving in 60 associates in its commercial banking and wealth management, bank holding, executive and administrative functions. The bank will also open a branch in the retail downstairs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.