LEE’S SUMMIT, MO – On March 10, Westcott Investment Group requested approval from the Lee’s Summit City Council to take over the lead role in the development of the 85-acre tract of land located at the northeast corner of 291 Highway and SE 16th Street.
Westcott, a California developer, plans to build The Grove at Lee’s Summit, a business park of approximately 1 million square feet of commercial office, warehouse and light manufacturing space. Westcott has committed to commence construction on at least 200,000 square feet of space by the summer of 2017.
Westcott asked the Lee’s Summit City Council to approve the assignment of development rights granted to Exergonix LLC in 2011 through a public/private partnership development agreement. Westcott believes that approving the assignment of development rights will ensure expedited development of the site in a manner sensitive to the community’s needs. After its presentation, City Council voted 7-1 to direct staff to draft the documents necessary for the assignment to Westcott to take place. The assignment will go back to City Council March 31 for approval.
Westcott is associated with Diede Construction Inc., a firm with nearly 15 million square feet under management. Its projects run the gamut of commercial/retail, industrial/office and residential, including: Los Angeles International Airport Marriott; The Block SFO (11 million-plus square feet of mixed use space); Silicon Valley River Park Plaza office space (303,000 square feet); Misora, Santana Row (426,000 square feet, 212 condo units); Americana at the Brand (100 condos, 238 apartments).
The local team for Westcott includes Aaron March with White Goss, development project manager Daren Fristoe, local investment group managing partner Jon Plaas, Danny Potts with Klover Architects and Ryan Elam with BHC Rhodes.
Westcott CEO Steve Singh said Lee’s Summit is a perfect development fit for his firm.
“Approximately two years ago, Westcott began the due diligence process on a potential site for a development in Lee’s Summit. We were drawn to the area by the city’s core strengths of premier health care, schools, parks, historic downtown and the need for additional locally-based employers,” Singh said. “Through our discussions with Exergonix, we determined this specific location as the optimum starting point to deliver the first step in an expansive mixed-use development, ultimately resulting in the creation of new jobs. With our proven development track record, we look forward to partnering with the City of Lee’s Summit and bringing The Grove at Lee’s Summit to fruition.”