The latest spur in south-side Springfield development, Magers Crossing LLC has picked up another nearly 4 acres recently rezoned for general retail space along Republic Road.
Currently wooded, the lot sits adjacent to the Magers Crossing multiuse development nearing completion at the corner of Cox Avenue and Republic.
Springfield City Council on Jan. 29 rezoned the parcel to general retail from single-family residential. Honolulu resident Phil Leas of Leas Legacy Lands LLC said he sold the parcel the following day to Magers Crossing LLC. Greene County recorder’s office records also show Leas Legacy issued a warranty deed to Magers Crossing on Jan. 30.
Leas declined to disclose terms of the sale, and Magers Crossing owner Randy Magers could not be reached to comment on his plans for the acreage.
At neighboring 2150 W. Republic Road, crews this past summer broke ground on the planned $3.5 million, multiphase Magers Crossing that overall encompasses space for 10 retail storefronts, 10 offices and seven restaurants, according to Springfield Business Journal reporting.
Including a two-story, 31,000-square-foot building at 4126 S. Cox Ave., the development comprises some 50,000 square feet of tenant space to date. The bulk of work appears to be complete, though signage indicates tenants are still being sought.
Great American Taco was the first restaurant to sign on. Other planned tenants include Hudson Hawk Barber & Shop, Roost Bar & Grill and S.W.E.T. Hot Yoga and Fitness.
Magers Crossing comes alongside heightened development interest on the corridor with major improvements either underway or pending, such as Veterans Health Care of the Ozarks’ estimated $26 million Springfield clinic at 1800 W. Republic Road and a planned southward extension of Kansas Expressway.
“It’s a project that’s ongoing,” Bob Hosmer, the city’s principal planner, said of the Kansas extension, a multiagency project led by the state Department of Transportation. “They’re gearing up for that.”
With a planned March completion, the 92,000-square-foot veterans clinic already helped spur area development, Hosmer said, noting that patrons of the facility would likely trickle into nearby restaurants, stores and offices.
“Any of the personal services they would need while they’re in town, that would be a good place for them to get that easily done without having go all across town,” he said.
Recent developments to the area also include EYM Realty of Missouri LLC completing a Burger King restaurant and 2,100-square-foot retail center at the northwest corner of Republic Road and South Kansas Expressway.
Additionally, a 20-acre parcel remains undeveloped between the veterans clinic and Magers’ newly acquired land. It’s owned by the Ernest W. Giddens Trust, according to Greene County assessor records, and zoned SFR.
Listed for $8.7 million, the acreage is pretty much the last corner lot up for grabs in the area, said listing agent Barbara Beyer of Beyer Commercial, Realtors.
Beyer said interest has peaked since ground broke on the neighboring veterans clinic, though no buyers have bitten. She said she wasn’t aware of any issues deterring those investors.
A big hook, she said, could come from the pending Kansas Expressway extension south. It would flank the eastern border of the property, according to a conceptual project map by Burns & McDonnell Engineering Co. Inc.
Once the extension comes through, those 20 acres and other nearby plots could become prime commercial real estate, Hosmer said.
“An extension of Kansas Expressway south will be huge, opening up that area for potential development,” he said.
Development is also on the way for the former Remington’s community event center. In November, Ridgecrest Baptist Church sold the 30,000-square-foot building that fronts James River Freeway to an undisclosed buyer from Oklahoma. According to a filing with the Greene County recorder’s office, the buyer was MMXVII Holding LLC out of the Sooner State. Edmond, Oklahoma-based Life.Church recently filed for a permit to renovate the property.
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