Overland Park, Kansas-based Drake Development LLC acquired 200 acres in the city.
The company intends to build a master planned residential development at the site near Kansas City.
Drake Living, a newly formed subsidiary of Drake Development, will lead the project.
Read more from the Kansas City Business Journal.
On Oct. 27, Convoy of Hope dedicated its new 250,000-square-foot distribution center and broke ground on its next project: a 200,000-square-foot headquarters and training center, which will be connected to the distribution center by a skywalk.