Last Year’s Largest Apartment Developments in Kansas City
- Apr 19, 2016
By Balazs Szekely, Contributing Editor
Kansas City, Mo.—The apartment boom that hit Kansas City in recent years is far from over. From low-rises with a suburban feel to slick, ultra-modern high-rises, multifamily properties have maintained high occupancy rates throughout 2015. The seemingly insatiable demand for apartments for rent in Kansas City is reflected by the increasing cost of rentals. Data collected by Yardi Matrix shows that Kansas City apartments currently cost $837 per month on average, while rentals in post-2010 developments command $1,226 on average. The trend is towards luxurious apartments with almost every amenity available targeting millennials and empty nesters.
Scroll down and take a closer look at five of 2015’s biggest apartment developments in the City of Fountains.
1. The Landing at Briarcliff, 340 units
A development with a very low-density feel, the Landing at Briarcliff—developed by Briarcliff—boasts 340 one-, two- and three-bedroom apartments nevertheless, the majority of which target the market for one-bed dwellings. In line with the trend towards luxury finishes and convenience, all units come with a washer and drier and are fitted with wooden cabinets. Community amenities include a saltwater pool, outdoor dining area, media and game room and a coffee lounge. (Image courtesy: The Landing at Briarcliff Website)
2. One Light, 307 units
High ceilings, floor–to–ceiling windows, luxury appliances and details like quartz backsplashes are indicative of the high-end market that Cordish Companies is targeting with its 307 one- and two-bedroom apartments in Downtown Kansas City. The trend, which is particularly seen with downtown apartments, is to have a fully outfitted business center, and One Light is no exception to this rule. Social and entertainment needs are catered for with amenities such as the rooftop pool and bar, grill area and a social room with yet another bar. (Image courtesy of RENTCafé)
3. WaterCrest at City Center, 306 units
This 306-unit development by Block Real Estate Services has all the features and amenities that the modern tenant has come to expect. The gym is practically a standard feature in the smartest developments as is the pool and outdoor grill area. Interiors feature large windows and granite countertops, and residents of the one- and two-bedroom apartments each have a private patio or balcony. The large gardens feature pet-friendly areas. (Image courtesy of WaterCrest at City Center Facebook Page)
4. Villa Milano, 290 units
Oddo Development’s Villa Milano project illustrates yet another growing trend on the rental apartment market, namely the significant niche that prefers a retro, almost country-house look both inside and out. Interiors feature wood finish cabinets and floors, granite countertops and stainless steel appliances, allowing for modern living with old-world ambiance. The focus of the 290 apartments is on the one- and two-bedroom market, but a scattering of three-bed apartments also caters for larger families. Amenities include a pool, fitness center and theater room. (Image courtesy of Villa Milano Website, Yardi Matrix)
5. Haven at Prairie Trace, 280 units
Resort-style living represents another significant niche, and a glance at this development from MAA REIT indicates the ‘holiday at home’ atmosphere that has been achieved. Whereas we usually see a preponderance of one-bedroom apartments, Haven has a greater number of two-bed units as well as a scattering of three-bedroom units. Fire pits, a pool area and a clubhouse serve residents’ social needs, while a fitness center and conference room round off the package. (Image courtesy of Haven at Prairie Trace Facebook Page)
For more of 2015’s largest apartment projects in Kansas City, check out the complete list on the RENTCafé Blog.