Active Projects

3rd and Grand • Kansas City, MO

After a competitive bid process, in late 2019, the Kansas City Area Transportation Authority (KCATA) selected the joint development team of CBC Real Estate Group and EPC Real Estate Group — ownership group will form a new entity known as “3G Development, LLC” — as the developer of a $65 million transit-oriented development (TOD) on the Third Street and Grand Boulevard block in Kansas City, Mo. 

Under the Development Agreement, KCATA sold the 1.88-acre property to 3G Development, where it will build approximately 250 apartments, a two-level parking garage and a multimodal transit station. Unit mix on the Project will include predominantly micro-units with a compliment of one- and two-bedroom units. Amenities will include a salon, club room, pool and fitness area. 

Parking will be provided at a 0.95 ratio to the final multifamily unit count, with four spaces reserved for KCATA park-and-ride users and the general public. The current property houses a 193-space surface lot that the city leases from KCATA which will be terminated. 

KCATA will lease the multi-modal transportation hub from the 3G Development which will accommodate transit customers, including those using the streetcar, local MAX bus service and bike share stations as well as a potential commuter rail facility. KCATA also will support formation of a community improvement district with a 1% sales tax to help fund the project. 

3G Development is targeting a construction start in the first half of 2021, with completion expected in Summer 2022.

4706 Broadway, Suite 240 Kansas City, MO 64112  •  Phone: (816) 285-9550  •  Fax: (816) 285-9544   •  www.cbcrealestategroup.com