The Residences at Burlington Creek is making NorthPoint Development officials feel good about their bet on the area’s multifamily market.
NorthPoint, which has raised more than $200 million from individual and institutional investors since its February 2012 launch, is plowing the bulk of that money into industrial and multifamily projects…
Hagedorn said he decided to focus on the industrial and multifamily markets because they emerged from the recession with the strongest fundamentals. On the industrial side, the firm is developing 300 acres at the Riverside Horizons business park, plus the 1,000-acre Logistics Park Kansas City in Edgerton, Kan. On the multifamily side, it is also developing Legends Apartments, a 306-unit project in the Village West area in Kansas City, Kan…