The commercial real estate firm Hunt Midwest expects to begin construction next year on the first of more than two dozen buildings on 3,300 acres of land that Hunt Midwest has assembled adjacent to Kansas City International Airport.
Hunt Midwest recently closed on the acquisition of 1,300 acres that are contiguous with roughly 2,000 acres it already owned. Hunt Midwest intends to invest close to $1.3 billion over the next decade to develop and build on this land 18 million sf of Class A logistics and manufacturing spaces. City approvals and building designs are pending.
In response to questions from BD+C, Hunt Midwest stated that it anticipates 27 industrial buildings on the site, ranging from 189,000 sf to 1.14 million sf. Buildout, said the developer, will be a phased approach based on market demand, with a mix of spec and build-to-suit inventory planned.
Olsson has completed the project’s initial civil design. The vertical construction team will be selected at a later date, said Hunt Midwest. 2023 is also when the airport’s new single terminal is scheduled for completion.
A TRANSPORTATION HUB
“We saw this acquisition as a good strategic move to augment the unprecedented industrial growth that Kansas City is experiencing,” said Ora Reynolds, Hunt Midwest’s President & CEO, in a prepared statement. “Disruptions in the global supply chains have driven the need to store more inventory closer to the end consumer and to re-shore manufacturing back to the United States. We hope to capitalize upon these demand drivers with some big ‘wins’ right here in Kansas City.”
KCI 29 Logistics, as this development has been dubbed, would be the largest logistics park in the state of Missouri. It will provide immediate access to the airport’s air cargo operations, which includes hubs for UPS, FedEx and USPS; and to Interstates 29 and 435 via the Mexico City Interchange. The park will offer users the ability to reach 90 percent of the U.S. population within two days via truck or air freight. Area infrastructure includes onsite transmission level power, a transmission waterline, and wastewater treatment plant.
“In addition to Kansas City’s desire to serve our region’s flying public, our investment in a new airport terminal was also meant to spur new economic activity in underdeveloped areas surrounding KCI,” said Quinton Lucas, Kansas City’s Mayor. “I’m glad to see these efforts materialize, and I appreciate Hunt Midwest’s partnership in these job-creating efforts.”
Related Stories
| Aug 11, 2010
Jacobs, Arup, AECOM top BD+C's ranking of the nation's 75 largest international design firms
A ranking of the Top 75 International Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Stimulus funding helps get NOAA project off the ground
The award-winning design for the National Oceanic and Atmospheric Administration’s (NOAA) new Southwest Fisheries Science Center (SWFSC) replacement laboratory saw its first sign of movement on Sept 15 with a groundbreaking ceremony held in La Jolla, Calif. The $102 million project is funded primarily by the American Recovery and Reinvestment Act (ARRA), resulting in a rapidly advanced construction plan for the facility.
| Aug 11, 2010
Architecture Billings Index flat in May, according to AIA
After a slight decline in April, the Architecture Billings Index was up a tenth of a point to 42.9 in May. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. Any score above 50 indicates an increase in billings.
| Aug 11, 2010
Construction employment declined in 333 of 352 metro areas in June
Construction employment declined in all but 19 communities nationwide this June as compared to June-2008, according to a new analysis of metropolitan-area employment data released today by the Associated General Contractors of America. The analysis shows that few places in America have been spared the widespread downturn in construction employment over the past year.
| Aug 11, 2010
Jacobs, Hensel Phelps among the nation's 50 largest design-build contractors
A ranking of the Top 50 Design-Build Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Steel Joist Institute announces 2009 Design Awards
The Steel Joist Institute is now accepting entries for its 2009 Design Awards. The winning entries will be announced in November 2009 and the company with the winning project in each category will be awarded a $2,000 scholarship in its name to a school of its choice for an engineering student.
| Aug 11, 2010
Arup, SOM top BD+C's ranking of the country's largest mixed-use design firms
A ranking of the Top 75 Mixed-Use Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Structure Tone, Turner among the nation's busiest reconstruction contractors, according to BD+C's Giants 300 report
A ranking of the Top 75 Reconstruction Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
SSOE, Fluor among nation's largest industrial building design firms
A ranking of the Top 75 Industrial Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Best AEC Firms of 2011/12
Later this year, we will launch Best AEC Firms 2012. We’re looking for firms that create truly positive workplaces for their AEC professionals and support staff. Keep an eye on this page for entry information. +