The center will be similar to the 600,000-sf Village Pointe, a Main Street-style lifestyle center in Omaha, Dan Lowe, a RED development partner, tells GSR. But RED officials are planning two department stores for the Lee's Summit center, whereas Village Pointe only has one. "We've never done a deal with two department-store anchors," Lowe says.

Other tenants planned for the development include home furnishing stores, men's and women's fashion retailers, upscale specialty shops and restaurants. Lowe says the tenants in the Lee's Summit center will be similar to upscale tenants in other RED lifestyle developments. Some of the retailers found in other RED centers include Anthropologie, California Pizza Kitchen and Pottery Barn.

RED executives plan to ask the City of Lee's Summit for public financing assistance for the project. SummitWoods, which opened in 2001, was funded in part by tax increment financing provided by the city.