OVERALL MARKET
CONSTRUCTION ACTIVITY
Notable announcements and deliveries in Q2 of 2024 included:
Charlotte Pipe and Foundry Co. broke ground on an $80-million plant in Maize. The 174,000 SF steel building should be completed within 15 months. The $22-million outdoor expansion at Exploration Place broke ground for the amphitheater this March. The amphitheater is set to be compete in September for the annual Drone Light Festival. Hutton Development is renovating the former American Legion Building at 126 N. St. Francis. The company aims to transform the 14,000 square-foot space into an attractive commercial property. The targeted completion date is mid-2024.
EPC Real Estate Group is spearheading a development project adjacent to the home of the Wichita Wind Surge baseball team. This development will feature a hotel, luxury apartment building, a large parking garage and 10,000 SF of retail space.
Construction is starting on the east side for TapNPaddles, a new pickleball venue. The venue is hoping for construction to be done by September or October.
New Jersey-based GAF, a national roofing manufacturing company announced that it will break ground in June on a 275,000 SF shingle plant in North Newton.
* $37,573,355 of this was for the Sedgwick County sewage treatment plant
CERTIFICATES OF OCCUPANCY ISSUED BY SUBMARKET (YTD)
OFFICE Q2 2024
HIGHLIGHTS
Ground broke on the all new Downtown Wichita Biomedical Campus. The $300-million project has set an expected completion date of early 2027 for the first phase.
Wichita's largest engineering firm, Professional Engineering Consultants (PEC), is expanding its downtown footprint with renovations at 340 S. Broadway and 329 S. Topeka to accommodate growth and integrate with the nearby Wichita Biomedical Campus, reflecting significant local economic development.
The 740 Building in Wichita's Delano District is undergoing a $1 million renovation to expand office space for CGP Group and Gough Financial Group, while preparing for future growth.
Vacancy
RETAIL Q2 2024
HIGHLIGHTS
Construction has begun on TapNPaddles, a new 35,000 square-foot pickleball venue in northeast Wichita's District 96 development. Scheduled to open by September or October, the facility will feature 12 indoor courts, a full-service bar and restaurant, and event space tailored for players and event organizers alike.
Starbucks announced plans to open a new location at the intersection of 13th Street and Lindberg Circle in Wichita, KS, in early 2025. This expansion is part of Starbucks' strategy to enhance customer accessibility.
Love's Travel Stops construction has started on its inaugural Wichita location at I-135 and 21st Street in the ICT21 Industrial District, aiming for completion by year-end.
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With the completion a 30,000 SF expansion at their Hoover Road facility Rand Graphics will be consolidating all operations under one roof
Western Hydro, a national provider for water equipment an supplies, moved to Wichita this quarter. The building at 818 E. Orme St. will be used as a warehouse and for offices.
Real Estate developer, Lou Robelli, received approval for a $150-million development project in Park City. It will involve 10 buildings, totaling 200,000 square feet each. Construction on the first building started in April, but the whole project will roughly take 10 years to complete.
Wichita Submarkets
NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas. President Grant Glasgow, SIOR leads a team of professionals with over 150 years of combined commercial real estate experience.
