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Especially in eastern Jackson County, residential development has offered the area’s most dramatic real estate news for several years. With communities such as Lee’s Summit, Independence and nearby Blue Springs annually among Missouri’s fastest growing communities, the competition for residential property has been healthy. In suburban areas of southern and eastern Jackson County, single-family homes predominate, although several communities have begun mixed-use developments that, while not rivaling downtown Kansas City’s trend in lofts, is a new option for area suburbs. In the still-rural outlying areas, large-lot developments with homes averaging $250,000 and up are prevalent.  Some of the most significant commercial development is near I-70 and I-470 in Independence, where a major retail area is adding a Bass Pro Shop. Nearby, a new I-70 interchange created a direct access for acres of undeveloped land along Little Blue Parkway, which will eventually sweep through more than 32 square miles of undeveloped land on the eastern side of Independence. In Grandview, development of an intermodal operation is building momentum at the former Richards-Gebaur Air Force Base. Several proposals add to this scenario. The Plaza at Adams Farm is a 123-acre, retail development being built in two phases on the Adams Dairy Parkway corridor in Blue Springs. The project includes 15 acres set aside for office-flex use and a 109-acre retail development scheduled in two distinct phases. The mall eventually could approach one million square feet of stores, restaurants and other tenants. More speculative is the proposed $319 million City Walk project in Lee’s Summit. Although initial requests for some incentives have been denied, the project is still planned south of Highways 291 and 50, with a 860,000-square-foot shopping center. Other Lee’s Summit real estate action is more immediate. With its own identity in the region and a relatively affluent local population exceeding 100,000, Lee’s Summit has become a hot market for areas such as bank branches. By mid-2006, some 41 banks made their home in Lee’s Summit. When combined with the Lee’s Summit medical market, which boasts three new or under construction hospitals, these two areas create significant real estate activity.
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