Development

January 16, 2014

Cerner will formally announce Three Trails expansion Friday

The health care firm plans a $4.3 billion office campus on the site of the former Bannister Mall in south Kansas City. A 10:30 a.m. news conference has been scheduled, and Gov. Jay Nixon and Mayor Sly James are expected to attend.

Cerner Corp. executives are scheduled to be joined by government officials Friday to formally announce the health care firm’s plan for a $4.3 billion office campus on the site of the former Bannister Mall in south Kansas City.

A 10:30 a.m. news conference has been scheduled, and Gov. Jay Nixon and Mayor Sly James are expected to attend the event along with officials from Cerner.

The North Kansas City health care technology giant ultimately plans to build a phased, 4.5 million-square-foot campus that’s expected to employ 15,000 people when completed in 2024. Cerner employs more than 9,000 people in the metropolitan area.

The 237-acre Three Trails office development, when fully built over 10 years, would be the largest in the area, surpassing the Sprint headquarters in Overland Park. The $4.3 billion redevelopment plan includes a $1.63 billion tax incentive package that was approved by the city in October.

Cerner late last year completed the purchase of the property needed for its office development at Interstate 435 and Bannister Road.

Documents filed with the Missouri Development Finance Board last summer estimated the cost of the Three Trails property transaction at $44.2 million.

Construction of the first phase of the office development is expected to begin this year and include 578,500 square feet of office space in two buildings and a service center. About 2,260 jobs are expected to be created in the first phase, according to documents filed with the city.

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