LANE4 Property Group confirmed today demolition and construction is underway to replace the vacant and dilapidated Metcalf South Mall. Work on the project will begin immediately. The mall, located at the southeast corner of 95th and Metcalf in Overland Park, Kansas, was officially closed to the public on September 19, 2014. Demolition of the mall will begin immediately, although most of the early phases will occur on the interior of the building. Demolition will likely not be visible from the outside until mid-late May of this year.
Once the mall has been razed, site work will begin to level the land and construct frontage roads. Plans are for construction to begin this fall for a store to be occupied by Lowe’s. The overall project plan also includes a number of smaller format retail buildings and restaurants, but potential tenants have yet to be announced.
“New retail sites along Metcalf Avenue are rare. We are in various stages of negotiations with a variety of restaurants and retailers for these key spots,” said Owen Buckley, president of LANE4 Property Group.
LANE4 worked with both the Overland Park Historical Society and the Johnson County Museum to preserve items of historical significance from within the mall. “We know Metcalf South was, and still is, a very important piece of Overland Park’s history. It was important to us to help preserve what we could for the community.” said Buckley. Both organizations were given access to the mall earlier this year and free rein to claim any items they wanted, with the exception of the iconic fountains from the first floor. “We are going to keep those a while longer,” says Buckley. “We’re hoping we can find something creative to do with them.” He also noted that LANE4 will not be granting any further requests for access to the mall due to safety and liability concerns.
LANE4, along with Columbia-based partner, The Kroenke Group, purchased the Metcalf South Mall site along with the 95 West Shopping Center (originally known as the French Market), located at the northeast corner of the same intersection, in 2014. The purchase totaled 62.11 acres and included the still operating Red Lobster and Olive Garden restaurant properties. It did not include the Sears building which is independently owned and operated by Sears.
The ownership group is working with additional retailers and other users on plans for the former 95 West Shopping Center. Currently, there is no definitive time frame for that project.
The City of Overland Park has approved the final development plans for our 95Metcalf South project. The final plan calls for a proposed 165,000 SF Lowe’s Home Improvement store along with 13 additional retail and restaurant buildings to be built in various phases.
This action represents the final step in our City approval process for the project. Moving forward we have a few additional hurdles to clear including Lowe’s and others finalizing their due diligence, finalizing various development agreements, and completing other related documents that are common in developments like this. When all these things are completed and we have a more certain time for development, we will be sure to make further announcements.
We thank you all for your continued support and look forward to the next stage of development at 95Metcalf South.
On November 14, the Overland Park Planning Commission voted unanimously to approve our final development plan for the southeast corner of 95th and Metcalf. This is the site of the existing Metcalf South Mall, but does not include the Sears store which is under different ownership.
The plan contemplates a Lowe’s Home Improvement store and pad sites for restaurants and retailers. The final development plan is scheduled to go before the City Council for final approval on December 5, 2016.
We continue to work hard on different possibilities for the northeast corner of the intersection (where the former Kmart stands), and hope to report progress on this portion of the project next year.