Truman’s Marketplace
Grandview, Missouri
Truman’s Marketplace
Grandview, Missouri
“Truman’s Marketplace will
serve a diverse daytime and local
middle-class household population
of young families, single students,
and empty nesters.”
History, place making, and an economic epicenter come together at Truman’s Marketplace, a major redevelopment of a 554,000 SF shopping center in Grandview, Missouri.
Located at Blue Ridge Boulevard and Highway 71/Interstate 49, on what was once the
boyhood farm of the nation’s 33rd President, the 72-acre site will open in two phases
beginning in 2014. The Marketplace will be the region’s only power center and a
highly visible and accessible, premier shopping destination when it is completed. It
will feature a major brand grocery, specialty stores, apparel shops, pet supplies, arts
and crafts, and new restaurants. Serving a trade area of 173,000, in a dense market,
the new Truman’s Marketplace will be a prime addition to a growing region.
Truman’s Marketplace
“This accessible retail power center
is just six miles from Belton, nine
miles from Raymore, eight miles
from 135th and State Line and 12
miles from 119th and Roe.”
Well-positioned for convenience
• Located in the southern quadrant of Kansas City, within 12 miles of Lee’s Summit, MO
• Offers convenient north/south access to six highway lanes serving more than 77,000 vehicles daily
• Highly visible and accessible, and the only power center in
Grandview, MO
435
E Ma rt ha Tr um an
Rd
50
50
Rid
e
l
R
id
49
MISSOURI
KANSAS
71
1 2 5 t h St
150
Truman’s Marketplace
Grandview, Missouri
AREA MAP
B
lv
d
49
US -71 /I- 49 Fro nta
ge
69
B
ue
Gr an dv iew Rd
Grandview
B
ge
US -71 /I- 49 Fro nta
ge
W 135th St
lu
By ar s Rd
Ho lm es Rd
State Line Rd
Gr an dv ie w Rd
ge
Blvd
77,000
Cars Daily
470
HISTORY
History Made Visible
Recognizing the heroes who secure our freedoms
• Originally opened in 1958 on the boyhood farm of Harry S. Truman, the Truman
Corners shopping mall was Grandview’s premium shopping destination for years.
“Creating a retail power
center that celebrates history,
freedom, and honor.”
• Embodying the name of the 33rd president and the strength of a mature middle-class community, Truman’s Marketplace will serve a diverse population including young families, single students, and empty nesters.
• The Veteran’s Memorial Plaza will be dedicated to the members of all US Armed Forces and will attract tourists and the local community to celebrate, learn about and reflect on U.S. freedom and history.
Trade Area Demographics
Prairie Village
Median Age
35
37
Businesses 4,6903,043
Employees 68,33053,276
Easy Access
435
High Traffic
Counts
69
150
435
1B
$1.8
$2.0
350
470
Leawood
291
Lee’s Summit
50
Grandview
71
Overland
Park
Retail Residential Expenditure
Potential
470
Raytown
169
Missouri
Kansas
Trade Area 5-mile radius
Population
173,351109,112
Households 69,71145,097
Aver. HH Income
$57,502
$64,688
$53,760
Median HH Income $48,365
435
71
150
49
Belton
Raymore
58
58
3B
58
71
Peculiar
291
2011 Average
5-YR Projection
Retail feasibility analysis or redevelopment; Jeff Green Partners
Harrisonville
40,000+
Visitors
ANUALLY
Welcoming Dynamic Neighbors
Shopping convenience for the expanding International House of Prayer
• Poised for anticipated future development of the 125-acres,
$50 million International House of Prayer complex
• The campus will be the integrated home of all International
House Of Prayer worship and prayer, university, housing and assembly buildings and will include the following:
– a 5,000-seat convention center
– 200-unit student housing
– staff/student body population of 2,000 – 3,200
ROBUST
DAYTIME POPULATION
Perfectly Positioned Near Major Employers
• Just minutes south of The Cerner campus which employs 5,000 people.
Cerner named one of Forbes Top 10 Most Innovative Companies in America.
• Close to the “non-nuclear” Honeywell National Nuclear Security Administration, which maintains a staff of 2,500 earning an average income of $95,000 and will
open a state-of-the-art green facility in January 2013.
• Near the CenterPoint Intermodal Center, a 1,340-acre development that
includes a 1,000-acre Industrial Park adjacent to the newly opened Kansas City Southern Intermodal Facility.
GROWTH
A Fast-Growing Community
“The Grandview community will
experience a 4% growth in
population by 2015.”
Grandview has grown from a strong farming town, into a dynamic and important
industrial area of pleasant residential neighborhoods, quality schools, a state-of-the-art
community center and convenient access to major highways.
• Grand Summit Apartments has 444 units with another 300 units opening in 2013
• In addition to the 72-room Holiday Inn Express opened in 2008, an 80-room Hampton Inn (opening in 2013) is under construction at US Hwy 71 and East 163rd Street
• A 20,000 square foot primary care and cardiology group medical office is planned near Hwy 150 and Byars Road
Rd
n
i
ow
l
R
B
Future 125 Acre
IHOP Campus
yt
B
Truman’s Marketplace
ue
e
dg
Long view Rd
D
Ra
E Mar tha Trum an Rd
LV
Holiday Inn Express
E 129th St
Existing IHOP Campus
Ma in St
Grandview HS
Highgrove Rd
49
By ars Rd
Honeywell National
Nuclear Security Agency
150
Centerpoint
Intermodal Center
Grandview
Community Center
444 Unit
Grand Summit
Apartments
300 Unit Expansion
opening 2013
Truman’s Marketplace
Grandview, Missouri
AERIAL VIEW
SE Ray tow
two n Rd
71
E 140th St
E 14 7t h St
77,000 Cars Daily
Truman’s Marketplace
Grandview, Missouri
AERIAL VIEW
Major-brand
Grocer
The Center’s Anchors Will Include:
“This major redevelopment of a
554,000 sf shopping center will
reinvent the retail marketplace,
reenergize consumers, and refuel
the local economy.”
MAJOR-BRAND GROCERY STORE
ARTS & CRAFTS STORE
APPAREL STORES
PET STORE
SPECIALTY STORES
NEW RESTAURANTS
PHASE 1 – opening in 2014
PHASE 2 – opening in 2015
554,000 SF
3,375 Parking
Stalls
Truman’s Marketplace
Grandview, Missouri
SITE PLAN
Tiffany Springs Marketplace
Liberty
Metro North Mall
Zona Rosa
29
45
Low Retail
Density
169
435
M is s o
uri
sa
635 K a n
The Legends at Village West
35
1
29
9
s
24
169
70
70
Wyandotte Plaza
Kansas City
670
635
24
435
78
71
69
78
Crown Center
35
7
291
70
Country Club Plaza
56
Independence Center
169
7
40
49
35
435
69
Prairie
Overland Village
Park
Leawood
435
71
Park Place
35
Kansas
One Nineteen
150
169
Missou ri
Town Center Plaza
350
Ward Parkway Center
50
435
470
Raytown
Oak Park Mall
10
Summitwoods
435
470
Grandview
Truman’s Marketplace
Corbin Park
150
Adams Dairy
70
40
291
Lee’s
Summit
Summit Fair
50
291
49 71
Kansas City Area Shopping
7
ABOUT RED LEGACY
Fired from the same single-minded drive that powered RED Development for more
than 16 years, RED Legacy delivers shopping centers focused on rent growth and
providing a unique customer experience. The newly created RED Legacy, focuses on
suburban and infill redevelopment opportunities. Under RED co-founder, Dan Lowe,
RED Legacy engages in value-add projects with strong returns.
CONTACT THE RED LEGACY TEAM:
RED LEGACY
4717 Central Street
Joanna B. Shawver, SCLS
Kansas City, Missouri 64112
Sr. Vice President of Leasing
816.777.3500
816.777.2843
redlegacy.com
[email protected]
© 2012 RED LEGACY