Mission: Mixed-Use

The mixed-use movement continues to spread, obliterating old shopping malls in the process. Gateway Developers LLC has begun a $380 million, 1.3-million-square-foot mixed-use complex in Mission, Kan., to replace the underperforming Mission Center. Gateway will include 350 condominiums, 500,000 square feet of retail, 180,000 square feet of office space and a 150-room hotel project. “A mile and a half away is Mission Hill, which has phenomenal demographics,” says Tom Valenti, managing partner with Cameron Group, which formed Gateway Developers with GFI Capital Resources Group. “These are stable communities, but on the retail side of things, they have been underserved.”

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

AdviceIQ

Connect With Us
National Real Estate Investor Related Sites