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Watermark Plans Second KC-Area Multifamily Project

Watermark Residential, a wholly-owned affiliate of Thompson Thrift, acquired 23 acres in Kansas City, MO, with plans to develop The Element by Watermark, a 276-unit Class A apartment community. It will be Watermark’s third development in Missouri.

“The Kansas City area is experiencing prolific growth, and there is a significant shortage of new supply as more people move into this area seeking quality multifamily rentals,” said Paul Thrift, president and CEO of Thompson Thrift and Watermark Residential.

He added, “There are no other projects under construction in this submarket, except for our own Watermark at Tiffany Springs, which has already commenced its lease-up.”

Watermark’s planned multifamily community will consist of three-story, garden-style apartment buildings with one, two and three-bedroom units. Community amenities will include a clubhouse, 24-hour fitness center, a resort-style swimming pool with cabana, and pet-friendly “bark park” and doggie spa.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition
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