Brywood Centre Redevelopment Breaks Ground
Dollar Tree signs 10-year lease for 12,000-square-foot store
KANSAS CITY, Mo., July 21, 2010 — Westchester, Ill.-based Tri-land Properties, Inc., announced today that the redevelopment of Brywood Centre has officially begun and Dollar Tree has joined the project’s growing tenant roster. Tri-Land Vice President Hugh Robinson made the announcement.
Brywood Centre is anchored by a recently renovated Price Chopper supermarket, which now offers expanded deli, meat, produce and frozen departments, as well as a state-of-the-art bakery and liquor department, in a contemporary floor plan. The newest addition to the tenant line-up is Dollar Tree, which will occupy 12,000-square-feet of space for the next 10 years.
“The $3 million renovation of Price Chopper was a very exciting step in the right direction for Brywood, and we’d like to thank the Cosentino family for their dedication to the community,” said Robinson. “The improved supermarket, along with such a notable brand as Dollar Tree, will certainly boost traffic at the center.”
The redevelopment of Brywood Centre is partially funded through Tax Increment Financing (TIF) and a Community Investment District (CID) totaling $10 million.
“We are extremely appreciative to the City of Kansas City and the Kansas City Economic Development Corporation for making the redevelopment of Brywood Centre possible,” said Robinson. “In addition to providing the community with a high-quality, modern shopping destination, the construction projects will raise the local employment level for an extended period of time.”
Tri-Land’s redevelopment of the 183,464-square-foot center includes a new building façade and exterior parking lot renovations, including new paving, lighting, landscaping, signage and amenities. Also, six new outlot pads are available along highly visible 63rd Street. The initial phase of the project is scheduled for Spring 2011 completion.
Tri-Land Properties, Inc. owns and manages more than 2.8 million square feet of commercial retail space, located in the Midwest, Mid-Atlantic and Southeastern regions of the country. The Westchester, Ill-based firm is a full-service, real estate development/redevelopment company focused on successful acquisition, development, renovation and management of community centers ranging in size from 100,000 square feet to 750,000 square feet. Tri-Land specializes in transforming distressed and undervalued properties into dynamic commercial centers with increased value that generate steady consumer traffic and provide substantial investor returns.