Lee’s Summit, MO (November 29, 2023) — Ground has been broken on the Kansas City area’s newest destination development, the $900 million Discovery Park Lee’s Summit. When completed the development, which is on 268 acres across Interstate 470 from Saint Luke’s East Hospital, will encompass 3.9 million square feet of live, work, stay and play space.
Two hotels, a Marriott Towneplace Suites and Home2 Suites by Hilton, will be among the first two businesses to be built in Discovery Park Lee’s Summit. The hotels will have 230 rooms and will be completed well before Kansas City hosts the World Cup in 2026.
The site will also include 2,791 Alura Luxury Apartments and will bring much needed Class A office space to Lee’s Summit. With several hospitals in the area, the site will also include medical office buildings, as well as national retailers.
Other amenities include a one of a kind riverwalk district, access to more than five miles of trails connecting to the Nature Trail at Unity Village and seven acres of recreational lakes for kayaking and paddle boarding. The Discovery Athletic Club is a state-of-the-art fitness facility that will be available to both residents and employees of the commercial properties, as well the Poolside Day Club. Construction of the site will take place in four phases from 2023 to 2031.
“We looked all across the Midwest for a location that could truly combine live, work, stay and play and were thrilled with how well a fit the Lee’s Summit community was for this project,” said Intrinsic Development spokesman Jack Cardetti. “With great schools, roads and an abundance of health care jobs nearby, Lee’s Summit was the ideal location for this destination development.”
Besides the two hotels the other companies included in the first phase will be Yoga6, CoffeeHAUS, Woodfire Pizza and Brews, Body FitTraining (BFT), Village Market and Intrinsic Development’s corporate headquarters.
“We are excited to have worked with Intrinsic Development in bringing this transformative project to Lee’s Summit,” said Mike VanBuskirk, Vice Chairman of Newmark Zimmer, who is leading the brokerage team for Discovery Park along with partners Justin Beal and Chris Robertson. “In addition to providing Class A office and medical office in a mixed-use walkable environment, Discovery Park will bring destination retail, restaurants, entertainment and hotels to Lee’s Summit and the region.”
About Newmark Zimmer
Newmark Zimmer is a full-service commercial real estate company providing a range of services including sales and leasing, investment sales, property and facilities management, global corporate services, and owner’s representative services for public and private development projects. Its staff boasts an array of experience in design, construction, valuation, finance and legal matters.
Regularly recognized as one of the top brokerage firms in the region, Newmark Zimmer manages nearly 20 million square feet of office, medical, industrial and retail property, and serves as corporate real estate advisor for an assortment of local, regional, national and international companies.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of September 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 professionals around the world.
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