KANSAS CITY, MO-The recent selection of locally based Block & Co. to develop the 450-acre first phase of an industrial park in Riverside, MO brings to four the number of major industrial projects being launched in the Kansas City market. The combined project total of more than 20 million sf will boost existing inventory by about 10%.

Though the Block project, the $300 million Horizons Business Park, will be a conventional rail-served warehouse and distribution center with about 3.5 million sf of space, the other three are intermodal centers tied to the city’s efforts to transform itself into a top-tier distribution hub.

“In the ’90s we were competing, pretty poorly, against markets like Indianapolis, Memphis and Columbus,” David Hinchman, first vice president of the Kansas City office of CB Richard Ellis, tells GlobeSt.com. “As recently as five years ago, we were in many people’s minds a third-tier market. Since then we’ve moved up to become second tier, and the aim is to rival markets like Atlanta and Dallas.”

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