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Two Healthcare Tenants Join $50M Project

KANSAS CITY, KS-The University of Kansas Hospital and the University of Kansas Medical Center will anchor the second phase of 39Rainbow, which already includes a hotel and retail.

By Robert Carr | Updated on July 19, 2012

KANSAS CITY, KS-LANE4 Property Group Inc. has signed two healthcare tenants to the $50 million 39Rainbow, a mixed-use building. The University of Kansas Hospital and the University of Kansas Medical Center will lease a total of three floors at the second phase of the complex, which already includes retail and a hotel.

The former Sun Inn Hotel site is at the southwest corner of Rainbow Boulevard and Marty Avenue, across from the University of Kansas Medical Center and Hospital campus. The first phase of the infill project cost about $15 million, according to Justin Kaufmann, a senior associate at LANE4. This first phase, which should be finished this month, includes about 10,000 square feet of retail, such as a Five Guys Burgers & Fries, and an 83-room Holiday Inn Express and Suites.

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