logo
Is another Trader Joe's coming to the Kansas City metro?

Is another Trader Joe's coming to the Kansas City metro?

Yahoo12 hours ago

KANSAS CITY, Mo. — Another Trader Joe's might be on its way to Johnson County, solidifying its third location across the Kansas City metro.
At Monday night's , a new project was unanimously approved to rezone and redevelop multiple parcels along Ikea Way – near West 62nd Terrace, Antioch Road and Shawnee Mission Parkway – as part of a long-awaited plan to redevelop the northwest corner of Shawnee Mission Parkway and Antioch Road.
Download WDAF+ for Roku, Fire TV, Apple TV
According to the city council, Slater Investors LLC, represented by Drake Development, is taking over the $102 million mixed-use development project called the 'Grand Station Marketplace' or 'Merriam Grand Station Marketplace.'
It consists of plans for a 215-unit apartment building, a 4,000-square-foot retail space or restaurant(s), and a 12,500-square-foot building intended for a new grocery store—potentially a Trader Joe's.
The project will span about six acres and will include parcels currently home to the former Antioch Library, a Shell gas station, a Chipotle and a few other businesses.
The new Trader Joe's is intended to take over the former Hen House Market, located at 5800 Antioch Rd., which closed its doors in July 2018.
According to the project proposal on the city council website, it says that the project is not only significant for the City of Merriam's long-term plans but also has the potential to bring a grocery store back to the community.
Now, after Monday's meeting, the city and Drake Development will partner up on the ownership and construction of the site.
The city will take over the east block of the development plan, which will include the restaurant and retail spaces, as well as the potential Trader Joe's—and Drake Development will take over the 215-unit apartment complex on the west block of the marketplace.
At this time, whether Trader Joe's will take over the 12,500-square-foot retail space is still unconfirmed. But, in the final , it was revealed that the popular grocery store had submitted a building permit application to the city.
See the latest headlines in Kansas City and across Kansas, Missouri
'Trader Joe's has an excellent reputation, and we'd be excited for one in Merriam,' a spokesperson with the City of Merriam said.
'If Drake Development is able to bring one to our development, it would be transformative. That said, we're thrilled to know they may be interested in Merriam.'
To cover its side of the costs, the city is in line to issue at least $32 million in bonds. During Monday's meeting, council members , including a one percent community improvement district sales tax. But this is not set in stone.
The potential new Trader Joe's would mark the third location in the Kansas City metro, with one already on Ward Parkway in Kansas City, Missouri, and the other on West 119th Street in Leawood, Kansas.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Analysts rework Roku stock price targets, rating after Amazon deal
Analysts rework Roku stock price targets, rating after Amazon deal

Yahoo

time8 hours ago

  • Yahoo

Analysts rework Roku stock price targets, rating after Amazon deal

Analysts rework Roku stock price targets, rating after Amazon deal originally appeared on TheStreet. Hey, what's on TV tonight? The question sounds just so 20th Century, reeking of rabbit ears and Ricky Ricardo in this age of streaming entertainment, where you can watch just about anything you want any time you want. Including "I Love Lucy." 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 The U.S. has more than 200 million connected-TV users, and 88% of American households have a connected-TV device. According to Nielsen, in 2024 streaming surpassed cable and broadcast viewing time for the first time, with more than 40% of all TV-viewing time spent on streaming. With a new era comes new lingo, so this is probably a good time to mention that streaming refers to the delivery of video content over the internet, while CTV describes streaming video content on a television set connected to the internet. And now two very big names in CTV circles — Amazon () and Roku () — are getting together like Ozzie and Harriet. Amazon's demand-side platform will place ads on top-viewed platforms like the Roku Channel and Amazon Prime Video along with other services available via Roku and Amazon Fire TV operating systems. The alliance aims to 'enable seamless access to logged-in users across major streaming apps,' Kelly MacLean, a vice president at Amazon's ad unit who oversees sales tied to its Amazon DSP, told Variety. The companies said early tests of the technology showed advertisers reaching 40% more unique viewers while they cut back the frequency of a specific ad running in front of the same users by nearly 30%. More Streaming: Walt Disney offers new perks for Disney+ members Bank of America sends strong message on Netflix Netflix has a genius plan to find its next hit show Roku and Amazon estimate their partnership will make available a pool of 80 million connected-TV households in the U.S. The partnership will give rise to 'a better experience for marketers, consumers and programmers that are on our platforms,' says Jay Askinasi, Roku's senior vice president of global media revenue and growth. 'It means more relevant ads, better frequency management from a consumer perspective, more addressability and measurement on our programmer partners," he said. The new service will be available in the U.S. to all advertisers that use Amazon DSP by the fourth quarter of 2025. "Roku has maintained its favorable positioning as it is an agnostic platform allowing it to partner with Amazon, Walmart () , and many others," Wedbush analysts said in a research note. "This allows Roku to create partnerships that leverage others' data, and the exclusivity between Amazon and Roku in their newly announced partnership does not preclude the latter from continuing its partnerships with Walmart, Shopify, () Instacart, and others." As Roku enters the early stages of shoppable ads, Wedbush said, the San Jose, Calif., provider of a streaming-tech platform is establishing itself as a partner to all, "creating a moat as a CTV platform that will further insulate it from competition in the coming years." Wedbush has an outperform rating and $100 price target on Roku. Roku shares are up nearly 50% from a year ago and up 7.8% in 2025. It finished regular trading on June 17 at $80.63, off 1.9%. Several other investment firms issued reports for Roku shares after the deal was announced. Bank of America Global Research raised the firm's price target on Roku to $100 from $85 and affirmed a buy rating after the partnership was unveiled, The Fly reported. Advertisers will have access to the largest authenticated CTV footprint in the U.S. exclusively through Amazon's demand-side platform, B of A said, adding that the expanded partnership is intended to improve performance, planning and measurement for all firm said a key tenet of its bullish thesis is predicated on Roku monetizing its existing inventory through their integrations with demand-side platforms. BofA views this announcement as "another proof point that Roku intends to be more flexible and drive further interoperability within their platform." Citizens JMP analyst Matthew Condon said that the Roku-Amazon deal gives the advertisers within the Seattle tech and e-retail giant's demand-side platform significant reach across Roku and Fire-TV audiences, which can ultimately strengthen Roku's ability to monetize its inventory. The analyst, who reiterated an outperform rating and $95 price target on Roku shares, said he was increasingly confident that the company could sustain mid-teens-percent growth in its platform revenue. Loop Capital analyst Alan Gould upgraded Roku to buy from hold with a price target of $100, up from $80. The analyst cited expectations that the Amazon advertising partnership should begin boosting Roku's financial results starting next year. This development will further strengthen Roku's position as the leading TV operating system in the U.S., Gould said. The analyst noted that the partnership would integrate Roku and Amazon's logged-in connected-TV user bases, representing an estimated 80 million households, through the Amazon demand-side platform. Roku contributes what Gould called its industry-leading user base while Amazon "brings its unmatched shopping feedback loop."Analysts rework Roku stock price targets, rating after Amazon deal first appeared on TheStreet on Jun 18, 2025 This story was originally reported by TheStreet on Jun 18, 2025, where it first appeared.

Analysts rework Roku stock price targets, rating after Amazon deal
Analysts rework Roku stock price targets, rating after Amazon deal

Miami Herald

time11 hours ago

  • Miami Herald

Analysts rework Roku stock price targets, rating after Amazon deal

Hey, what's on TV tonight? The question sounds just so 20th Century, reeking of rabbit ears and Ricky Ricardo in this age of streaming entertainment, where you can watch just about anything you want any time you want. Including "I Love Lucy." Don't miss the move: Subscribe to TheStreet's free daily newsletter The U.S. has more than 200 million connected-TV users, and 88% of American households have a connected-TV device. According to Nielsen, in 2024 streaming surpassed cable and broadcast viewing time for the first time, with more than 40% of all TV-viewing time spent on streaming. With a new era comes new lingo, so this is probably a good time to mention that streaming refers to the delivery of video content over the internet, while CTV describes streaming video content on a television set connected to the internet. And now two very big names in CTV circles - Amazon (AMZN) and Roku (ROKU) - are getting together like Ozzie and Harriet. Amazon's demand-side platform will place ads on top-viewed platforms like the Roku Channel and Amazon Prime Video along with other services available via Roku and Amazon Fire TV operating alliance aims to "enable seamless access to logged-in users across major streaming apps," Kelly MacLean, a vice president at Amazon's ad unit who oversees sales tied to its Amazon DSP, told Variety. The companies said early tests of the technology showed advertisers reaching 40% more unique viewers while they cut back the frequency of a specific ad running in front of the same users by nearly 30%. More Streaming: Walt Disney offers new perks for Disney+ membersBank of America sends strong message on NetflixNetflix has a genius plan to find its next hit show Roku and Amazon estimate their partnership will make available a pool of 80 million connected-TV households in the U.S. The partnership will give rise to "a better experience for marketers, consumers and programmers that are on our platforms," says Jay Askinasi, Roku's senior vice president of global media revenue and growth. "It means more relevant ads, better frequency management from a consumer perspective, more addressability and measurement on our programmer partners," he said. The new service will be available in the U.S. to all advertisers that use Amazon DSP by the fourth quarter of 2025. "Roku has maintained its favorable positioning as it is an agnostic platform allowing it to partner with Amazon, Walmart (WMT) , and many others," Wedbush analysts said in a research note. "This allows Roku to create partnerships that leverage others' data, and the exclusivity between Amazon and Roku in their newly announced partnership does not preclude the latter from continuing its partnerships with Walmart, Shopify, (SHOP) Instacart, and others." As Roku enters the early stages of shoppable ads, Wedbush said, the San Jose, Calif., provider of a streaming-tech platform is establishing itself as a partner to all, "creating a moat as a CTV platform that will further insulate it from competition in the coming years." Wedbush has an outperform rating and $100 price target on Roku. Roku shares are up nearly 50% from a year ago and up 7.8% in 2025. It finished regular trading on June 17 at $80.63, off 1.9%. Several other investment firms issued reports for Roku shares after the deal was announced. Bank of America Global Research raised the firm's price target on Roku to $100 from $85 and affirmed a buy rating after the partnership was unveiled, The Fly reported. Advertisers will have access to the largest authenticated CTV footprint in the U.S. exclusively through Amazon's demand-side platform, B of A said, adding that the expanded partnership is intended to improve performance, planning and measurement for all advertisers. Related: Social media influencers are about to make a lot more money The firm said a key tenet of its bullish thesis is predicated on Roku monetizing its existing inventory through their integrations with demand-side platforms. BofA views this announcement as "another proof point that Roku intends to be more flexible and drive further interoperability within their platform." Citizens JMP analyst Matthew Condon said that the Roku-Amazon deal gives the advertisers within the Seattle tech and e-retail giant's demand-side platform significant reach across Roku and Fire-TV audiences, which can ultimately strengthen Roku's ability to monetize its inventory. The analyst, who reiterated an outperform rating and $95 price target on Roku shares, said he was increasingly confident that the company could sustain mid-teens-percent growth in its platform revenue. Loop Capital analyst Alan Gould upgraded Roku to buy from hold with a price target of $100, up from $80. The analyst cited expectations that the Amazon advertising partnership should begin boosting Roku's financial results starting next year. This development will further strengthen Roku's position as the leading TV operating system in the U.S., Gould said. The analyst noted that the partnership would integrate Roku and Amazon's logged-in connected-TV user bases, representing an estimated 80 million households, through the Amazon demand-side platform. Roku contributes what Gould called its industry-leading user base while Amazon "brings its unmatched shopping feedback loop." Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Merriam City Council approves next step for $102 million development project
Merriam City Council approves next step for $102 million development project

Yahoo

time12 hours ago

  • Yahoo

Merriam City Council approves next step for $102 million development project

MERRIAM, Kan. — The Merriam City Council on Monday night discussed moving forward with a $102 million development project. The mixed-resident and retail development would be built at the site of the former Johnson County Library branch, just north of Shawnee Mission Parkway. Kansas City restaurants gear up for World Cup surge — and this time, they're ready The city council approved all 13 items presented during the special meeting, including planning and zoning the issuance of general obligation bonds and a community improvement district to help fund the , which includes a new grocery store and apartment complex. 'I've seen it, you know, , which I think is a great improvement, not that Kmart didn't have memories, but something newer is always nicer. So it's good to see for sure,' said Merriam resident Tony Castro. The city is working with Drake Development on the project, the same company they partnered with to redevelop the old Kmart site as Grand Station. 'I really like what they've done at the Grand Station. I think that it's like definitely bringing people, a lot of people here, which I've always loved this area. They're bringing new things like the Shake Shack and 30 Hop, which I've never had before. So I really like what they're doing,' said Merriam resident Paula Cifuentes. The plan is to build a grocery store, 200-plus apartment units, restaurants and more across the street from Grand Station, from Shawnee Mission Parkway to 62nd Terrace. See the latest headlines in Kansas City and across Kansas, Missouri 'I think they did a nice job now where it's at. Not only the apartment units that they have there, but the nice little restaurants and, you know, choices that you have eatery wise. So if they do something similar to where the old library is going to be at, I think it'd be nice,' Castro said. Some residents believe the marketplace would fill a need in Merriam. 'That would be a really good idea because Mission has a grocery store and like, it's kind of a little far of a drive to get to another grocery store like in Shawnee and Quivira. So I think that would be really beneficial to the people that live here,' Cifuentes added. This development would be jointly owned between the city and Drake Development. The city is in line to issue at least $32 million in bonds to cover its side of the costs. Download WDAF+ for Roku, Fire TV, Apple TV During Monday's special meeting, council members discussed ways the city would pay itself back, including a one percent community improvement district sales tax. With the city council's approval Monday night, the Grand Marketplace Development is now one step closer to construction. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store