Vantage Point Properties to build SunStone Apartment Homes at Andover MarketPlace

WICHITA — Developer Paul Jackson is preparing to build the next phase of Andover MarketPlace, and it’s a sizable one.

It’s the SunStone Apartment Homes at 711 E. Cloud, which is south of Kellogg a half mile east of Andover Road.

“We’re building a 208-unit complex that’s market rate,” says Jackson, who is president of Vantage Point Properties.

That means there won’t be an affordable-housing component to the apartments.

Jackson initially purchased 80 acres east of Kellogg and Andover Road and then bought another 70.

“We’ve owned that land since around 2007 and have slowly developed it … in the most quality fashion that fits the community,” he says. “You know, that’s a big project for Andover.”

The MarketPlace is where there’s a Dillons Marketplace, the Andover YMCA and an elementary school, all of which have since purchased their land from him.

There’s also a strip center with several retail businesses in it along with an Arby’s restaurant.

Jackson says the highway exposure and convenience will be great for the apartments.

“Most importantly, we think it’s a very good use for the site that supports the other things around it.”

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Shops at MarketPlace lands four tenants

WICHITA — In today’s economy, it’s a gamble to build a speculative shopping center and hope to find tenants for it, but it’s a move that’s paying off for Paul Jackson.

The Vantage Point Properties developer has Andover MarketPlace, a 140-acre development on the southeast corner of Kellogg and Andover Road in Andover.

In May, Jackson began building the Shops at MarketPlace, a 14,000-square-foot center next to Dillons Marketplace.

He now has four tenants to announce:

Scooter’s Coffeehouse, which will have 1,400 square feet and a drive-through on the north end of the center.

H&R Block, which will have 1,400 square feet.

Martinizing Dry Cleaning, which will have 1,400 square feet.

Spa Pedicure, which will have 1,200 square feet.

“We have a nice amount of interest in the remaining space,” Jackson says. “We feel like it’s been a good decision to build that.”

When Jackson first bought the property several years ago, his plan was to hold it for the long term.

“We weren’t looking to develop it immediately.”

Dillons wanted to expand with a Marketplace concept, though, and the YMCA decided to build a new branch about the same time.

“They just came into play a lot earlier than we expected them,” Jackson says. “Once those started, we started full speed into the development process.”

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