Real Estate News Rental Market

Kansas City’s 10 Largest Rental Developments in 2015: High-End Rentals Dominate the Market

A new trend is gaining momentum in rental markets nationwide: luxury rental buildings. Renting high-end apartments gives residents access to the same top perks and amenities they would get from a luxury condo, without the commitment of ownership.

The preference for high-end apartment rentals has spread to more than just the obvious markets (New York, San Francisco, Chicago). Take Kansas City rentals for example: the overwhelming majority of the large apartment developments completed in 2015 were high mid-range rentals, also known as apartments for “lifestyle renters.” Properties holding high mid-range status typically offer excellent finishing quality, attractive amenities, and an environment focused on creating a more social experience.

Using data provided by Yardi Matrix and additional online research, we compiled a list of the largest apartment buildings completed in the Greater Kansas City Area last year (those with 50+ units). A total of 15 new large scale properties were added with a combined total of 3,047 units in 2015.

You have to see it to believe it. Here’s a peek inside (and outside) the top 10 largest rental developments completed in 2015:

#10. 46 Penn: 169 rental units

 46 Penn Apartments for rent in Kansas City

46 Penn Apartments in Kansas CityCompleted: 06/08/2015

Address: 4551 Pennsylvania Avenue, Kansas City, MO 64111
Rental types: 1 guest suite, 88 one-bed apartments, 68 two-bed apartments, 12 three-bed apartments
Property size: 154,155 sq.ft., three- and five-story building (first floor includes 3,900 sq.ft. of retail)
Short description: Partial corporate housing. 12 units are rented fully furnished with utilities included. 24-hour access control. Concierge services. Private garage parking. Fitness center. Entertainment lounge. Tanning and massage therapy rooms. BBQ grills and dining space. Fire pit with lounge seating. Tiered pool. 9-foot ceilings. Built-in wine cooler. Patio or balcony. Quartz countertops. Washer and dryer.
Photo credits: 46 Penn Apartments Website

#9. 51 Main: 176 rental units

 51 Main Apartments for rent in Kansas City

51 Main Apartments in Kansas City Completed: 06/19/2015

Address: 5050 Main Street, Kansas City, MO 64112
Rental types: 1 guest suite, 19 studios, 107 one-bed apartments, 49 two-bed apartments
Property size: 183,037 sq.ft., three-, four-, five-, six-, and seven-story building (includes parking and 8,324 sq.ft. of retail)
Short description: Kitchen islands in most units. Stainless steel appliances. Built-in desk in study. Oversized closets. Large balconies. Clubroom. Outdoor party deck. 24-hour fitness center. Infinity-edge saltwater pool with chair wading area. Fireside lounge. Electronic charging stations.
Photo credits: 51 Main Website

#8. The Residences at Park Place: 177 rental units

 The Residences at Park Place in Leawood, KS

The Residences at Park Place for rent in Leawood, KSCompleted: 08/28/2015

Address: 5280 West 115th Place, Leawood, KS 66211
Rental types: 101 one-bed apartments, 56 two-bed apartments, 20 three-bed townhouses
Property size: 209,669 sq.ft., 3 two-, four-, and six-story buildings (first floor includes parking)
Short description: 331 parking spaces. Controlled access. Clubhouse. Expansive party room. Saltwater swimming pool. Sauna.  Grilling area. Wellness center. Conference room. Laptop lounge. Media room/theatre. Storm shelter. Washer/dryer in all units.
Photo credits: The Residences at Park Place Facebook Page

#7. The Heights at Linden Square: 223 rental units

 The Heights at Linden Square in Gladstone, MO

The Heights at Linden Square Apartments for rent in Gladstone, MOCompleted: 08/31/2015

Address: 601 NE 70th Street, Gladstone, MO 64118
Property size: 201,839 sq.ft., two-, three, and four-story building (first floor includes 10,000 sq.ft. of retail)
Rental types: 1 guest suite, 11 studios, 114 one-bed apartments, 57 two-bed apartments, 40 two-bed townhouses
Short description: 272 parking spaces. 24-hour fitness center. 24-hour clubhouse. Heated saltwater pool. Pet-friendly. Dog wash. Business center. Controlled access. Elevator served. Washer/dryer in all units.
Photo credits: The Heights at Linden Square Facebook Page

#6. Kelly Reserve: 259 rental units

 Kelly Reserve Apartments in Overland Park

Kelly Reserve Apartments for rent in Overland ParkCompleted: 09/15/2015

Address: 12000 West 128th Terrace, Overland Park, KS 66213
Property size: 238,046 sq.ft., 21 two-story buildings
Rental types: 166 one-bed apartments, 93 two-bed apartments
Short description: 621 parking spaces. 24-hour cardio and strength studio. Business center. Billiards room. Yoga studio. Gourmet outdoor grilling area. Saltwater pool with fire pit. Wood-style flooring. Elegant archways. 9-foot ceilings. French doors to terraces/balconies. Oversized garden tubs.
Photo credits: Kelly Reserve Website, Yardi Matrix

#5. Haven at Prairie Trace: 280 rental units

Haven at Prairie Trace Apartments for rent

Haven at Prairie Apartments for rent in Overland ParkCompleted: 02/26/2015

Address: 13601 Foster Street, Overland Park, KS 66213
Rental types: 112 one-bed apartments, 152 two-bed apartments, 16 three-bed apartments
Property size: 257,748 sq.ft., 14 two- and three-story buildings (first floor includes parking)
Short description: 490 parking spaces. Clubhouse with an open-air gourmet kitchen. Resort-style zero entry pool with grotto waterfall and cabanas. Dual fire pits. Cutting edge fitness center. Clubroom with shuffleboard and billiards table. Conference room. Storm shelters in every building. Putting green. Washer/dryer hookups in all units. Private balcony/patio.
Photo credits: Haven at Prairie Trace Facebook Page

#4. Villa Milano: 290 rental units

Villa Milano Apartments  in Leawood

Villa Milano Apartments for rent in LeawoodCompleted: 09/25/2015

Address: 13740 Howe Lane, Leawood, KS 66224
Rental types: 146 one-bed apartments/townhouses, 124 two-bed apartments/townhouses, 20 three-bed apartments/townhouses
Property size: 328,428 sq.ft., 34 two-story buildings (first floor includes parking)
Short description: 761 parking spaces. Salt water pool. Theater room. Yoga studio and fitness center.  Premium kitchens with granite countertops. Stainless appliances. Scenic views with lush landscaping. Storm shelter in every building. Designer tile showers.
Photo credits: Villa Milano Website, Yardi Matrix

#3. WaterCrest at City Center: 306 rental units

WaterCrest at City Center in Lenexa

WaterCrest at City Center Apartments for rent in LenexaCompleted: 08/31/2015

Address: 8401 Renner Road, Lenexa, KS 66219
Rental types: 146 one-bed apartments, 160 two-bed apartments
Property size: 302,160 sq.ft., 6 four- and five-story buildings (first floor includes parking)
Short description: 572 parking spaces. Heated resort-style pool with cabanas. Internal pond and waterfall with Wi-Fi gardens. 24-hour fitness center with personal trainer. Pet washing station & dog park. Poolside covered grilling area with outdoor fireplace. Oversized windows. Signature light fixtures. Granite countertops in the kitchen and bathrooms. Private balcony or patio.
Photo credits: WaterCrest at City Center Facebook Page

#2. One Light: 307 rental units – Check availability

 one-light-apartments-kansas-city

One Light Apartments for rent in Kansas CityOpened: 08/12/2015

Address: 50 East 13th Street, Kansas City, MO 64106
Rental types: 1 guest suite, 42 one-bed/alcove, 127 one-bed apartments, 85 two-bed apartments, 10 penthouses
Property size: 259,761 sq.ft., 24-story building (over 2,500 sq.ft. of retail)
Short description: 509 parking spaces. Floor-to-ceiling windows with views of Downtown Kansas City. Washer-dryer in every unit. 9-foot ceilings. Luxury appliances. Quartz backsplash. Open concept floor plans. Rooftop pool and bar. Business center. Electric car chargers in garage. Pool deck grilling stations. Theater/social room with bar. 3rd floor fitness center. Dog run.
Photo credits: RENTCafe

#1. The Landing at Briarcliff: 340 rental units

 The Landing at Briarcliff Apartments

The Landing at Briarcliff Apartments for rent in Kansas CityCompleted: 06/17/2015

Address: 1601 NW 38th Street, Kansas City, MO 64116
Rental types: 176 one-bed apartments, 143 two-bed apartments, 21 three-bed apartments
Property size: 331,195 sq.ft., 9 four-story buildings (first floor includes parking)
Short description: 525 parking spaces. 3,500 sq.ft. fitness facility. Valet dry-cleaning. Media and game room. Resort-style saltwater pool with entertainment deck. Gourmet barbecue grill with dining area pool side. Coffee lounge. Tiled bathrooms. Washer and dryer included in all floorplans. Wood cabinetry. Carpeted bedrooms. Views of Downtown Kansas City/Missouri River.
Photo credits: The Landing at Briarcliff Website

About the author

Nadia Balint

Nadia Balint is a senior marketing writer for RENTCafé. She writes about trends in U.S. real estate and their impact on our everyday life. You can get in touch with Nadia via email: nadia.balint@yardi.com.

1 Comment

Click here to post a comment