20-05-2025
Black and Veatch plans new $1.1 billion headquarters development
OVERLAND PARK, Kan. — Overland Park based Black and Veatch wants to build a new world headquarters on its existing property near 112th and Lamar. But its plan adds more than just office $1.1 billion project would also bring in residential, retail and a hotel. But they are looking for Overland Park's help to finance the project.
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The finance committee will hear the engineering giant's pitch this week on why it should get about $250 million in funding support. Mayor Curt Skoog is excited about the potential redevelopment.
Just north of Sprint's former world headquarters, now Aspiria and soon to be the home to Fiserv, Black and Veatch's towering building sits on a sprawling site surrounded by grassland and parking,
'This is one of our strategic investment areas where we are wanting to transform College Boulevard from the suburban office corridor that is today to the work place of today and tomorrow,' Skoog said.
After three years of discussions, according to the mayor, Black and Veatch has decided it wants to keep its headquarters on Lamar between 112th and 115th Street.
The engineering firm said in a statement 'Black & Veatch continually explores ways to enhance and optimize our workplaces to create vibrant, collaborative environments that attract and retain top talent while meeting our growing demands and our clients' evolving needs. That includes consideration of a new, modern global headquarters currently being proposed on our existing, longstanding Overland Park location. We are working with the city of Overland Park for approval requirements, which is part of the process as we strategize how to best enhance our workplace. While no formal decisions have been made, we've been a strong, grateful member of the Kansas City-area business community since our founding more than a century ago, and we certainly don't expect that to change.'
It plans to build a 610, 000 headquarters for its 2,200 employees. They'd also add 233,00 square feet of office space, 550,000 square feet of retail and commercial, 1,884 residential unit and a 160 room hotel. They would also build a parking structure with nearly 6,000 spaces.
The company is asking the city to create a redevelopment district which would create an estimated $227 million in TIF funding and about $20 million in CID funding for Black and Veatch to use on the project.
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'When all of the complete project is done, which is more than the Black and Veatch headquarters, you are talking about over a billion dollars of investment, which is great for our community and investment in our industry which is office space.'
Overland Park's Finance, Administration and Economic Development Committee will discuss the project Wednesday. If approved developers estimate they'd be building what's been deemed the Overland Park Plaza II Redevelopment Project in phases all the way until the year 2038.
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