Construction set to begin on Pine Tree Plaza renovation
Lee’s Summit, Mo.—November 2, 2017—The strongly anticipated renovation of the Pine Tree Plaza retail center at Blue Parkway and Jefferson Street is underway as the property owner reconfigures the former Price Chopper store into three separate retail spaces.
“We are going to be doing a complete facade remodel, so it should look like a new center when we are finished,” said Trent Overhue, property owner and principal of NSI Investments LLC. “This will be a dramatic improvement with all new landscaping, parking lot lighting and signage.”
Planet Fitness will open a 25,000-¬square foot facility in December, and Harbor Freight Tools plans to open a 16,000-¬square foot store in the spring of 2018, leaving about 24,000 square feet of the former grocery store available for lease, according to Overhue.
Redevelopment of two retail “wings” on the east and west sides of the former grocery store totaling about 40,000 square feet will take place in early 2018, followed by improvements to two outbuildings suitable for restaurant or medical office tenants.
Pine Tree Plaza is located north of the new U.S. 50/Missouri 291 South interchange and is part of the city’s “Envision Lee’s Summit” redevelopment area, which aims to help Lee’s Summit achieve higher density housing and mixed-use development.
“Pine Tree Plaza is a longtime south Lee’s Summit retail fixture in a prime location, but the center has struggled with vacancy in recent years,” said Lee’s Summit EDC President Rick McDowell. “I am optimistic that this long overdue facelift will boost tenant interest, lift occupancy rates and potentially increase nearby property values.”