Echo Hills developer Mike Loveland tells Park City chamber he’ll have “something of significance” to announce soon

WICHITA — Mike Loveland is quiet to the point of silent about his deals, and it wasn’t much different Wednesday when he agreed to speak to the Park City Chamber of Commerce about his Echo Hills project.

“You said a whole bunch of stuff without saying anything,” one attendee said to Loveland on his way out the door.

Loveland did share one little-known detail about the 80-acre project northwest of Interstate 135 and 53rd Street North in Park City.

“I was looking for a site for a nighttime golf course,” he said of how he first started looking at the land around 2000.

He said it then occurred to him what an incredible retail site it would make. Loveland says it took a while, but he closed on the land in 2010, which he says wasn’t a great time to start attracting interest.

“I wish I could have made it go faster,” he said.

“In ’12 they started talking again,” he said of potential retail tenants.

Loveland said he’d been close to a big deal for an anchor tenant.

“I‘m not saying who it was,” he said. But he added that “Cabela’s beat ’em to the punch” when it announced it would open at Regency Lakes in Wichita.

Loveland said he’s now close on another possible anchor tenant, which he thinks he has an almost 90 percent chance of landing, along with another one that he thinks is a 50-50 chance.

“Those anchors have such an effect,” he said of attracting smaller tenants.

He expects to announce “something of significance” within a month.

“We’re really close. I wish I could tell you who they are.”

Loveland said attracting major retailers to that area is a battle similar to what Derby once faced.

“You had to beg people to come down to Derby, Kansas,” he said.

That, of course, changed in a big way with retailers such as Lowe’s, Target and Kohl’s opening there.

“That’s what I’m in hopes of here in Echo Hills,” Loveland said.

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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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Where’s the beef? At a new Arby’s in Andover

arbys1WICHITA — Andover is getting its first Arby’s.

It’ll also be the first restaurant to locate at MarketPlace, the new development on the southeast corner of Kellogg and Andover Road.

The Arby’s will be in a 2,800-square-foot space.

“They’re a solid concept,” says developer Paul Jackson, president of Vantage Point Properties.

The 140-acre mixed-use development is anchored by the YMCA and Dillons Marketplace. Kansasland Tire and Capitol Federal Savings also have locations there.

“We’ll feel like we were successful as long as we attract a good mix of products and services,” Jackson says. “That’s our goal.”

There are about a dozen pad sites left to fill. Jackson hopes for more restaurants, including fast food and casual-dining concepts.

The Arby’s will have seating and a drive-through.

United States Beef Corp., the largest Arby’s franchisee, plans to open the restaurant in the first quarter of 2010.

“We try to bring a little more freshness to the fast food,” says Kim Thompson, vice president of human resources and risk for the company.

“We have a healthy version of fast food,” Thompson says. “That’s always been our goal.”