Block & Co. keeps KC Construction on the Fast Track

October 29, 2009

Block & Company, Inc., Realtors is pleased to announce the grand opening of its second Walmart Supercenter development in the Kansas City Metropolitan area. Yesterday, the ribbon was cut on the 184,000 square foot "environmentally green" Walmart Supercenter at the Plaza at the Speedway, an 865,000 square foot power retail center located at I-435 & Parallel Parkway in Kansas City, Kansas. Unified Government of Wyandotte County Mayor Joe Reardon along with many other honored guests and Walmart employees were present for the grand opening celebration, which is Walmart's final store opening this year.

Walmart will co-anchor the center along with the recently opened Best Buy, as well as Kohl's, which will begin construction in upcoming months. The center will also contain many other junior anchors soon to be announced. The Plaza at the Speedway is next to the Kansas Speedway, Cabela's, The Great Wolf Lodge, Nebraska Furniture Mart, The Legends Lifestyle Shopping Center, and the KC T-Bones Baseball Stadium. Block & Company is currently the leasing/development agent and construction manager for the Plaza at the Speedway and was responsible for the sale of the ground to Walmart. David Block, Becky Goodman, and Bob Johnson were the brokers in the sale transaction. The original groundbreaking for the Speedway project took place in April of 2008.

Friday, October 23, 2009 the first new 176,311 square foot Walmart Supercenter opened for business near the corner of Raytown Road & 350 Highway in Raytown, Missouri. Block & Company was also involved in the initial sale of the ground and represented the ownership entity. David Block, Becky Goodman, and Bob Johnson were the brokers in the sale transaction. Block & Company is the master developer of the anticipated 400,000 square feet of retail to be added to this Raytown, Missouri site.

Block & Company is proud to have been a part of these two Walmart transactions and the 550 new jobs that were created as a result of their openings. Combined, the two projects are estimated to have generated over 1,000 jobs in the Kansas City area.