CEAH Realtors ended 2019 with a boom, a development boom that is. The company recently opened the second phase of the Chapel Ridge Townhomes located near I-470 and Woods Chapel Road. The rental townhomes offer two and three-bedroom floor plans ranging from 1,200-1,680 square feet. But the multifamily expansion is not the only project keeping the company busy.
“As far as north Lee’s Summit, we’ve done a big chunk of it,” said CEAH owner Mike Atcheson.
Atcheson’s team is currently working on a new 50,000 sf building of which Lee’s Summit tech company Lynxspring will occupy 25,000 sf. CEAH also recently completed construction on a new medical imaging building for a company that is expanding from the Kansas side. In addition, the Chapel Ridge Business Park developed by CEAH is adding to the restaurant and services available in the north part of Lee’s Summit with the addition of a new Taco Bell, Scooters coffee, dental office and Goddard Montessori School.
History of North Lee’s Summit Development
Atcheson has been developing the 260-acre business park between Woods Chapel & Strother for the past 20 years. His company spans the gamut of development by building, selling and managing commercial and residential real estate.
“We develop everything from retail, commercial, industrial to medical office, warehouse, flex warehouse to multifamily single family and everything in between. We do it all,” said Atcheson.
The majority of Atcheson’s buildings were constructed without tenants lined up. While there were a few delays around the time of the recession, Atcheson said for the most part, CEAH has not struggled to find occupants for its buildings.
The development of the area was partially aided by TIFs, but Atcheson said these TIF’s were paid off early. The only remaining incentive is a TDD set to expire next year. Atcheson said he has always made an effort to be a responsible developer and neighbor to property surrounding his development. He said part of that was being proactive about gaining community feedback.
“You don’t want a public hearing to be the first time some of these people have seen what’s going on next to them,” said Atcheson. “My view point starts with if I were in their shoes and I lived right there, what would I want?”
After more than two decades, Atcheson has no plans of slowing down. This past fall his team re-evaluated and modified the development plan for the residential portion of the development north of Woods Chapel. There are also plans for a third phase of the Chapel Ridge Townhomes.
“Our belief, based on what we were seeing in the market, is there are a lot of people that don’t want to own a home, yet they want somewhere nice to live; they want somewhere they feel safe,” Atcheson said.
Like the previous phases, the new townhomes will offer luxury finishings, an attached garage and curbside trash service. The new phase will bring 40 additional townhomes. Construction will begin in spring of 2020.