https://www.crexi.com/properties/2157965/Kansas

Henry McClure
785.383.9994
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time kills deals
785.383.9994
sent from mobile 📱
time kills deals
Aspect | Standalone High-End Apartments (e.g., in 66614 suburban style) | Apartments Built Over/Integrated with a Rental Center (Mixed-Use/Convenience Hub) |
|---|---|---|
Location & Lifestyle | Suburban, quieter, more residential feel; often near shopping (Wanamaker Rd area), parks, and highways for easy commutes. Appeals to those wanting space and tranquility. | Often more urban/edge-urban or mixed-use; rental center adds on-site convenience (leasing office, package lockers, small retail/coffee, resident events space). Feels more "community-centric" and walkable internally. |
Design & Layout | Typically low/mid-rise garden-style or mid-rise buildings with individual buildings/clusters; more traditional parking and green space. | Multi-story buildings with ground-floor or podium-level rental center/retail; apartments "over" the hub for efficient land use. More vertical/urban feel, even in suburbs. |
Amenities & Convenience | Strong on resort-style perks (pools, clubhouses, dog parks); but leasing/management may be separate. | Built-in "hub" boosts daily convenience (on-site leasing, maintenance, events, potential retail like gym or cafe). Enhances perceived value and resident retention. |
Target Appeal | Attracts privacy-seekers, families, or down-sizers who prioritize suburban calm over integrated services. Strong in 66614's established upscale pockets. | Appeals to younger professionals, remote workers, or those valuing "live-work-play" convenience. Better for lifestyle-focused renters. |
Development Cost & Scale | Lower land intensity; easier to phase in smaller projects. Potentially higher per-unit costs for premium finishes but simpler approvals. | Higher upfront costs for mixed-use elements (retail build-out, shared spaces); suits larger-scale projects but can command higher rents via added value. |
Market Success Factors in Topeka | Proven in existing 66614 complexes (e.g., Auburn Hills area); succeeds via location perks and Topeka's low competition in true luxury suburban rentals. Lower risk if demand stays steady. | Emerging in Topeka (more common downtown or in revitalization areas); could outperform if Topeka sees more hybrid work/urban-suburban blending. Higher upside for occupancy but needs strong management to leverage the center. |
Potential Drawbacks | May feel dated without constant upgrades; less "buzz" than integrated designs. | Risk of noise/vibration from ground-level activity; higher maintenance for shared spaces. Less ideal in purely residential suburban zones like core 66614. |