KANSAS CITY, Mo.--- June 6, 2016 --- On Monday, June 6th, Block Real Estate Services, LLC and Cornerstone Associates celebrated the groundbreaking of their mixed use development at 531 Grand Boulevard. This world-class property will include 140 multifamily units and over 10,000 square feet of retail space. The groundbreaking celebration began with a presentation featuring speakers from Block Real Estate, Cornerstone Associates, and Kansas City’s Mayor, Sly James. Following the presentation, attendees had the opportunity to participate breaking ground and enjoy refreshments.
“The location of this property is perfect. It has excellent access to I-70 and I-35 and is exactly one block away from a streetcar stop. Add to the location a first-class multifamily building with upscale amenities, and more than 10,000 square feet of available retail space, and you’ve got a great addition to the River Market and the downtown Kansas City core,” said Ken Block, Managing Principal of Block Real Estate Services LLC.
In the last 10 years, the number of people living in downtown Kansas City has increased by 50%, helping to create a vibrant place for the people of Kansas City to “live, work, and play”, which is the mantra that Block Real Estate strives to embed into all of its multifamily properties. This project is mixed use, first class, and fits into the fabric of the historic River Market. Mayor Sly James exuded excitement while explaining that projects like this and others will continue to increase the desirability and viability of our downtown core.
“This project is the result of a vision for downtown Kansas City…Downtown K.C. is on fire,” said Mayor Sly James.
Block Real Estate and Cornerstone Associates broke ground on June 6, 2016 and plan a grand opening in December 2017.
Block Real Estate Services, LLC (BRES) is a full-service commercial real estate company managing over 37 million square feet of retail, office, industrial, and over 7000 multifamily units for equity partnerships and third party owners. BRES’s portfolio of services continues its role as the most comprehensive commercial real estate firm in Kansas City by providing and specializing in: real estate brokerage services, tenant representation, investment services, asset and property management, economic incentives consultation, financial services, construction and development services, and the Block Funds.