KC Multifamily Reopens After Renovation Project

Villa Del Sol, a residential community originally developed in 1997, has reopened following its renovation, led by developer, property manager, and asset manager McCormack Baron Salazar. Located at 2015 W. Pennway Terrace in Kansas City, the property now features 120 units comprising garden- and townhome-style apartments, along with a 4,600-square-foot leasing and management office.

This mixed-finance redevelopment is situated in Kansas City’s Westside community. “This development also shows what can happen when a private developer partners with the Westside Housing Organization, the Housing Authority, the City of KCMO and HUD,” said Tony Salazar, Director of McCormack Baron Salazar.

The project team includes Hunt Capital Partners, UMB Bank, Westside Housing Organization, Housing Authority of Kansas City, and the City of Kansas City. Hunt Capital Partners syndicated $5.5 million in federal low-income housing tax credits through its proprietary fund with UMB Bank.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!