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the Skinny

November 2016

Paragon Star Groundbreaking

Letter from the President The Lee’s Summit EDC had a lot to be thankful for in the month of November, as we celebrated official groundbreakings for Paragon Star’s soccer village and Northpoint Development’s Summit Square apartments. These projects are exciting opportunities to enhance the city’s community product, and will attract visitors and new residents to Lee’s Summit for years to come. In addition, the Lee’s Summit City Council approved a preliminary development plan for Phase 1 of The Grove, a 73-acre mixed-use project located on the northeast and southeast corners of M-291 and SE 16th Street. The approval allows Westcott to move forward on a groundbreaking and development of more than 440,000 square feet of speculative industrial and warehouse space at the site, filling a critical gap in available sites for businesses looking to expand. Looking ahead to 2017, we are seeing an uptick in potential new expansion and attraction projects and expect to have several additional announcements in the first quarter. We have begun interviewing candidates for our newly created Director of Community and Investor Relations position. We hope to have this key position filled by early January. As always, if you have any questions or know of a prospective investor who you believe would benefit from membership in the Lee’s Summit EDC, please feel free to give me a call so I can follow up, or better yet, invite them to a Hump Day Happy Hour!

Yours Truly,

Paragon Star Groundbreaking Draws State Leaders to Lee’s Summit

Interviews Begin for New LSEDC Director Position LSEDC has begun interviewing candidates for our newly created Director of Community and Investor Relations position. A total of 20 quality candidates submitted applications for the job, with 4 candidates rounding out the top spots. We hope to have this key position in place by early January. Look for an announcement soon!

On Nov. 30, Paragon Star Development celebrated its official groundbreaking with state, county and local dignitaries in attendance. Missouri Department of Economic Development Director Mike Downing, Lee’s Summit Mayor Pro Tem Rob Binney and Jackson County Executive Frank White Jr. joined Paragon Star Developer Flip Short, Spectrum Strategies’ Bill Brown and Chris Travalent, president of KC Soccer Club to signal commencement of the first phase of this exciting mixed-use destination. Paragon Star will serve as a catalyst for development along the 1-470 and View High Drive corridor and will create a regional destination for youth soccor families, hiking and biking enthusiasts and entertainment for all ages.

Moving Dirt Times Two Representatives from Neighbors Construction, NorthPoint Development, NSPJ Architects, the City of Lee's Summit along with City Council members and the Lee's Summit Economic Development Council broke ground Wednesday, November 30th to officially launch construction on Summit Square Apartments off NW Chipman and Donovon Road. Another great multifamily project conveniently located along the Summit Tech Corridor.

The initial phase of the development will include construction of 10 FIFA regulation artificial turf multi-sport fields and clubhouse, a 220-unit upscale multifamily residential project, a 90,000 square feet Class-A office building, a 120-unit hotel and 79,000 square feet of entertainment, restaurant/bar and boutique retail attractions with new trails, parks and trail head facilities. photo: John Beaudoin “This is the day we have poured our hearts and souls into making happen for the residents of Lee’s Summit and surrounding metropolitan area,” Paragon Star CEO Flip Short said. “The collaborations and cooperative efforts to get us to this point have been nothing short of inspirational. It’s a momentous step forward today for area youth sports, patrons of hiking and biking trails and recreation, dining and entertainment venues.”

Hump Day Happy Hour Hump Day Happy Hour continues to grow and attract more of our LSEDC friends! The networking event is held on the third Wednesday of each month at Llywellyn’s downtown. Mark your calendars for December 21st at 4:30. WEAR YOUR FESTIVE HOLIDAY ACCESSORIES THIS MONTH AND WIN A CHANCE FOR CASH!

Connect with us on Social Media Social media continues to be a great resource in connecting with all of our Investors, Partners and Development Enthusiast. For the most up-to-date information on whats moving and shaking in Lee’s Summit - be sure you are checking those pages. Like it, tweet it and share it! If you haven’t yet liked LSEDC’s Facebook, Twitter or LinkedIn page, we welcome the chance to connect with you!


Dayton Moore Scores High Marks at Speaker Series Luncheon

Vision to Reality

Investor NEWS WELCOME to our newest Investors!

The Grove at Lee’s Summit B AllState Consultants

e n e f a c t o r

THANK YOU to the following Investors for their continued investment in the LSEDC

Kevin Shipley with J.E. Dunn

LSEDC Steps Up Investor Recruitment Efforts Royals General Manager Dayton Moore stepped up to the plate for our Speaker Series luncheon on Nov. 2 at the Emaline Ballroom. Mr. Moore shared leadership insights based on a strong moral compass and the personal ethics that helped build the World Champion 2015 Kansas City Royals. Check out all the photos from this event on our Facebook page.

LSEDC is placing a strong emphasis on recruiting new investors as we wind down 2016, and we need the help of our current members to reach our goals! It only takes one...... you open the deal, and we’ll close it. We all know someone who wants to know what’s going on in Lee’s Summit right? What better way to be “in the know” than to be rubbing elbows with the decision makers. Bring a guest to the next event and share the network.

Save the Date HOLIDAY PARTY December 7th - 5:00 to 7:00 pm - Longview Mansion LSEDC and Chamber Event

Hump Day Happy Hour December 21st 4:30 pm - 6:30 pm -Llywelyn’s ALL INVESTOR SOCIAL

Mark your calendars for our next Speaker Series luncheon on Wed., March 1, featuring Toby Rush, founder of tech startup EyeVerify. In 2016, EyeVerify announced it was acquired by a unit of AliBaba for an estimated $100 million.

City Council Approves ‘The Grove at Lee’s Summit’ The Lee’s Summit City Council unanimously approved the rezoning and preliminary development plan for ‘The Grove at Lee’s Summit’, a 73-acres tract of land located near the northeastern corner of 291 Highway and SE 16th Street. First phase of this project will focus on a 500,000 square foot industrial park which includes commercial office, warehouse and light manufacturing space. “With the approval of the development plan for ‘The Grove at Lee’s Summit’, the City will have the high quality gateway development that it has long sough and the ability to attract high quality businesses and good paying jobs to a perfectly sited state-of-the-art business park.” - Aaron March, White Goss

ICYMI: Summit Custom Homes Joins Clayton Properties On Oct. 31, Clayton Properties acquired all of the operating assets of Summit Custom Homes, which includes approximately 1,200 lots in the Kansas City metropolitan area. Named one of the largest homebuilder’s in Kansas City, Summit Custom Homes has a major footprint in Lee’s Summit as well.

The Lee’s Summit Economic Development office will be CLOSED December 23rd (1/2 day) and December 26th in observance of the Christmas Holiday

2017 Advisory Board Luncheon - Investor Spotlight AEA - Aircraft Electronics Association January 4th - 11:30 - 1:00 pm Featuring: President, Paula Derks

Hump Day Happy Hour January 18th, 4:30 pm - 6:30 pm - Llywelyn’s ALL INVESTOR SOCIAL

Quarterly Board Breakfast January 25th, 7:30 am to 9:00 am - Emaline Ballroom BOARD OF DIRECTORS ONLY

From Our Office to Yours We wish you a

Merry Christmas and a prosperous New Year

So what does this mean? According to CEO, Fred Delibero -“Our partnership with Clayton will allow Summit to build upon an aready successful track record as the leading new home builder in Kansas City, and accelerate our growth both locally and regionally, all while maintaining our brand identitiy and existing team.” 218 SE Main Street - Lee’s Summit, MO 64063 - (816) 525-6617 www.leessummit.org

LSEDC November 2016 Newsletter  

the skinny on lee's summit

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