NorthPoint proposes $135M plan to redevelop former Bannister Federal Complex

NorthPoint Development is working on a plan to redevelop the former Bannister Federal Complex, The Kansas City Star reports.

The Riverside-based developer presented a plan to build seven warehouse and distribution buildings on the south Kansas City site, which is currently undergoing a $200 million remediation to clean up contamination.

According to the Star, NorthPoint plans to spend $135 million to develop almost 2.6 million square feet of new buildings on a speculative basis, meaning before tenants are secured.

Although the company presented the plan Monday in front of the Port Authority of Kansas City, the newspaper said the presentation was informational in nature, but that NorthPoint is expected to request assistance from Port KC in the future.

No tenants have been announced, but the company expects as many as 1,500 people could be employed there.

Kevin Breslin, a principal with Bannister Transformation and Development LLC, told the Star that about a third of the 225-acre site is ready for redevelopment and the rest should be ready in about a year.

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