Country Club Plaza sale expected Friday; introduction of new owners Monday
KANSAS CITY, Mo. (KCTV) - The new owners by Friday evening, with an event to welcome them to Kansas City on Monday.
A spokesperson for the Plaza confirmed the acquisition is scheduled to be complete on Friday, June 28.
The president of the Plaza District Council also said she understood closing with Ray Washburne and Stephen Summers would take place Friday.
Kansas City Mayor Quinton Lucas announced an event to welcome the Plaza’s new owners to the city at 10 a.m. Monday morning.
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The area is 15 blocks of shopping, restaurants, and entertainment options.
Kate Marshall, President and Founder of the Plaza District Council said the area is more than five times the square footage of Highland Park Village in Dallas, an entertainment district also owned by Wahsburne and Summers.
“Prospective buyers Ray Washburne and Stephen Summers are well aware of the challenges they will face due to deferred maintenance, the state of retail, and other social and cultural factors that have challenged the area. The buyers remain optimistic and excited about what lies ahead and, without a doubt, their ownership is an extremely bullish opportunity for this beloved area,” Marshall posted on plazakc.org.
The Plaza District Council hopes to see the area grow and prosper under new ownership, according to the article.
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“It is our goal to be agents of progress for the Plaza District in service of growth, vitality, and inclusion. The PDC works to make the Plaza District the most walkable, safe, and connected place in the Heartland. We focus on connectivity between the shopping center and the neighborhoods, and institutional assets to the east and the west,” Marshall said.
The Plaza District Council hopes to see a mixed-income, mixed-use neighborhood. Leaders want a variety of options and opportunities for anyone who decides to visit or live in the area.
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