EPC Real Estate’s mixed-use concept near Roeland Park’s gateway — two or three minutes from Roe Avenue’s interchange with Interstate 35 — won approval for rezoning and its financing plan.
The Roeland Park City Council last month approved rezoning, and a tax increment financing, community improvement district and sales tax exemption plan for the roughly $75 million mixed-use project at the former The Rocks community pool site.
The financing plan combined will cap at 25% of the total project cost, which is roughly $18.8 million.
The approved project is on a 7-acre site and includes a 280-unit mixed-use building with 3,500-square-foot-plus restaurant on the ground floor. The building will wrap around a 300-space parking garage on the northeast corner of 48th Street and Roe, adjoining the city’s main retail commercial hub.
“I think it’s a big opportunity in Roeland Park that doesn’t exist today to have a sit-down restaurant and some nice outdoor space as amenities to Roland Park residents and the greater community,” Executive Vice President Austin Bradley said.
Read more in the Kansas City Business Journal.