Hunt Midwest said “unprecedented gains” in both commercial and residential real estate activity propelled the company to a record-breaking year in 2014.
The Kansas City-based company, which is owned by the Hunt family, highlighted several of its commercial and industrial projects, including the SubTropolis underground development that added about 900,000 square feet of leased space last year.
In its residential division, Hunt Midwest said four new senior living communities “entered either the development or construction process” in 2014 for a total investment of about $64 million in what are now eight Benton House assisted living and memory care developments.
“We have doubled what we initially planned to invest in senior housing,” said Brenner Holland, Hunt Midwest’s vice president and general manager of residential development. “We expect continued demand for our high-end senior living communities throughout the metropolitan area in 2015.”
Premium content for only $0.99
For the most comprehensive local coverage, subscribe today.
| The Star