Ingram's December 2022

I N T H E N E W S

Tidbits of Business News from Around the Region

Office-to-Apartment Plan The Lenexa City Council is now on board with plans by Block Real Estate Services to convert the former headquarters of Kiewit Corp. into a mixed-use site anchored by 319 apartments. Upper floors of the building at 95th and Renner Blvd. would include a clubhouse for tenants, with the residential units on the floors above that. Dubbed The Residences at 95, the remade site would hold 80 apartments, with the rest coming from new construction. New Homes in the Offing An affiliate of Lambie Custom Homes is moving ahead on plans for nearly 1,170 new single-family homes in southern Overland Park. Southern Meadows LLC, is behind the development near 191st Street and State Line Road. Planners are expected to review that proposal, scaled down considerably from its first iteration, in early January. SelectQuote Signals Split Hoping to offset damage done by a steep decline in its share price—a drop that

JOHNSON COUNTY BluHawk Sports Complex

could threaten its listing on the New York Stock Exchange—Overland Park-based SelectQuote has alerted stockholders of plans for a reverse stock split. That would push share values back above $1 and meet NYSE price guidelines. Since peaking at more than $30 in 2021, shares have plunged, hitting 54 cents by market close on Dec. 7. The company did not disclose the ratio of new shares that would be issued after the split. Faced with a potential $1 million annual hit to cover a new waste-disposal contract, Shawnee County commissioners are weighing options that could spell the end of free recycling. With recyclable mate rials making up an estimated 50 percent of all landfill-bound waste, commissioners are discussing ways to encourage residents to get on board, or face consequences that could include a $10 monthly rate increase, making recycling a subscription service, or eliminating recycling altogether. SHAWNEE COUNTY Free Recycling in Peril

One more piece is falling into place for the massive BluHawk multi-use devel opment in southern Johnson County with the Dec. 7 groundbreaking for the pro- ject’s indoor sports complex. The $125 million complex will provide 20,000 square feet of space for basketball, volleyball and pickle ball courts, plus an ice rink, batting cages, and seating for up to 3,500 spectators. Brookridge Milestone Looms Eight years after the vision was first articulated, construction is expected to start early next year on the $2 billion redevelopment of the former Brookridge Golf Club site in Overland Park. The massive project calls for 2,000 apartments and 4 million square feet of office, and has faced determined opposition from neighbors who object to its scale. Three phases about to launch will include a pair of residential buildings, a grocery store, a hotel and office sites.

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I n g r a m ’ s

December 2022

Ingrams.com