Parkville, Mo. – The Parkville Economic Development Council announced today that CBC Real Estate Group, a respected national real estate development company based in Kansas City, plans to add up to 46,000 square feet of new retail space in Parkville.
CBC Real Estate has been working with the Parkville Economic Development Council over the past several months to formalize land agreements for the proposed site located on the northeast corner of 45 Highway & Bell Road. The 6-acre site will offer tremendous visibility and access to future retail tenants. CBC and the Parkville EDC are working collectively to secure interested retailers who have identified Parkville as a community they’d like to serve.
“We’re thrilled to work with CBC Real Estate Group,” said Mike Kellam, executive director of the Parkville EDC. “CBC brings vast experience and a proven track record to an area that is ripe for development. We’re excited to see this area transform into another successful CBC project like Village West and the Village at Shoal Creek.”
“This announcement is great news for Parkville,” said Ed Bradley, Chair of the Parkville EDC. “We thank CBC Real Estate for their commitment to Parkville and look forward to continuing to work with them to bring this project to its fullest potential both now and in the future.”
“We are excited to be working with CBC Real Estate to bring more businesses to Parkville. Our residents will enjoy having additional retail and/or restaurant options,” said Mayor Nan Johnston
To ensure the successful development of the 6-acre project, the Parkville EDC is partnering with CBC, the City of Parkville and local taxing jurisdictions to create a strategic development agreement and economic incentive package that the developer can utilize if required criteria and policies are met.
CBC Real Estate Group is a multi-faceted development firm that specializes in pre-development planning, land acquisition, financial modeling, physical development, project management, project close-out and property management. Previous retail clients include Freddy’s Frozen Custard & Steak Burgers, Popeyes Louisiana Kitchen, Sprouts, Cheddars Casual Kitchen, Party City and more.