Wichita Recap - February 2020

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WICHITA RECAP

F E B R U A RY

Wave concert and event venue is undergoing an expansion. The indoor-outdoor space located at Second & St. Francis is adding a balcony to the building. The balcony will be L-shaped, running along the north side of the building and the west fence. It will include deck boxes for about twelve people which can be purchased permanently or for one-time events. Along with the balcony, the Wave will expand their seating options by adding bleachers to the west side. The owners expect construction to be finished in time for shows in mid-April.

After about a decade of planning, work will soon begin on a 100-acre mixed-use development in Andover . Jones Commercial Development Co. will transform the site near Kellogg & Andover Road into residential communities, green space and almost 350,000 square feet of commercial space. The development, known as The Heritage , will feature retail shops, restaurants and offices. Another piece of the project will be Heritage Square – a town square with walking and biking trails as well as a pond. The first phase of commercial space is expected to be done early next year.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

The city of Wichita plans to demolish 20 properties on three acres just west of the new baseball stadium. The landwas purchased for $3 million earlier in the year from Townstreet Partners and will be used to create surface parking for the stadium. The land could also serve as the site for the planned six- story parking garage which will provide 500 spots – another site south of the ice center has also been proposed to the garage. The properties to be demolished include of mix of residential homes, warehouses and other various commercial properties.

After much deliberation and public input, the Riverfront Legacy group released a couple different renderings outlining its recommendations for the east bank of the Arkansas River . The renderings show a new performing-arts center and no Century II , along with a newly built convention center near the Hyatt . Also included in the designs is expansive greenspace, a pedestrian bridge across the river and multiple mixed- use buildings. The plan is far from final, but if implemented it is expected to cost up to $1.2 billion and take place over the next 10 to 15 years.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

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WICHITA RECAP

F E B R U A RY

The Wichita City Council voted to implement a Business Improvement District in the Douglas Design District. The BID will cover a 2.5-mile section of East Douglas Avenue from Washington Avenue to Glendale Street. Beginning in 2021, business owners will have to pay annually into a fund for various projects within the district. The fee is based on businesses’ square footage and is estimated to range from $100 to $550. The BID is the first in Wichita.

Berkshire Hathaway HomeServices is moving its operations to the Waterfront . In April, the company will be located in the Hinkle Law Firm building. Currently Berkshire Hathaway occupies a building near K-96 & 13th . The company will take about 17,000 square feet at the Hinkle building, which was built in 2016 and has Class A finishes. Berkshire Hathaway will be taking half of the first floor, half of the seventh floor and the entire sixth floor.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

Construction will soon begin on a newmixed- use development in Newton . The project will occupy an 80-acre site along Kansas Avenue near I-135 . The development will begin with a 13,500-square-foot retail center for restaurants and shops. The center will have spaces for 10 businesses and is the first in a number of planned phases. Altogether the development is expected to be around a $70- to $80-million project.

Bite Me BBQ is for sale. The popular barbecue restaurant, which has been in business just a few years shy of two decades, is located at 130 N. St. Francis . The owners, Coleman and Becky Lockett , have put both the building and business on the market so they can retire. The property is a two-story structure built in 1925. The first floor is the restaurant space and the second is a loft where the couple lived. The 14,000-square- foot space is currently priced at $2 million.

435 S. Broadway, Wichita, KS 67202 | 316-262-0000 | www.naimartens.com

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