OFFICIAL: Zona Rosa (tenants & phase II)

Talk about the ever expanding north side of KC.
mistervinix
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Re: OFFICIAL: Zona Rosa (tenants & phase II)

Post by mistervinix »

horizons82 wrote:
Fri Sep 18, 2020 10:48 pm
It also doesn’t help that the city completely undermined this type of development by approving traditional suburban retail just across the highway and single family homes right next door.
You do realize that the "single family homes" were there decades before Zona Rosa was built? But yes, the "shoehorn" aspect of the whole project was odd to begin with.

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GRID
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Re: OFFICIAL: Zona Rosa (tenants & phase II)

Post by GRID »

I remember complaining pretty hard about the location of Zona Rosa. It really was a nice project, but in just a terrible location. It could have worked and worked quite well if it were simply in a better location that was tied tot he surrounding area. Even better, would be to surround Zona Rosa with a development similar to Longview Farms. But to surround it with highways was a fail from the start. Hopefully it survives. It's a decent development for suburban kc.

Or imagine if Zona Rosa and the SKC Cerner campus were part of the same project. Now you have something that works instead of two very expensive but total fail projects from an urban planning viewpoint.

horizons82
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Re: OFFICIAL: Zona Rosa (tenants & phase II)

Post by horizons82 »

mistervinix wrote:
Tue Sep 22, 2020 8:22 am
horizons82 wrote:
Fri Sep 18, 2020 10:48 pm
It also doesn’t help that the city completely undermined this type of development by approving traditional suburban retail just across the highway and single family homes right next door.
You do realize that the "single family homes" were there decades before Zona Rosa was built? But yes, the "shoehorn" aspect of the whole project was odd to begin with.
Yes, thanks. I worded that poorly and shouldn’t have mixed literal and figurative language. I was meaning the larger area, not the literal neighborhood south of ZR.

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Re: OFFICIAL: Zona Rosa (tenants & phase II)

Post by flyingember »

https://www.kansascity.com/news/local/a ... 51750.html

The former owners of the center just lost big in court and it relates to financial mismanagement
A jury spent a few hours deliberating after a week-long trial before finding that MPI Management LLC, the former owner of the Northland shopping center, owed Salerno $439,470 in damages for lost wages, plus another $500,000 for pain and suffering and $4 million in punitive damages.

MPI Management, which does business as New York-based Olshan Properties, will also have to pay Salerno’s attorneys fees, an amount that U.S. District Court Judge Beth Phillips will determine later.

...

Salerno had managed Zona Rosa since 2004. Her attorney Athena Dickson said she had received a favorable review just weeks before she was fired. Salerno sued for violations of the Missouri Human Rights Act and Msisouri Whistleblower Act.

...

Salerno had said that a corporate treasurer for Olshan Properties had approached her in 2018 about cash flow issues at Zona Rosa and suggested using fees paid to about 250 parking meters at the shopping center to shore up finances. Parking meter fees at Zona Rosa ordinarily would go to local charities, which had been broadly advertised to the public.

Salerno responded that it was “unethical and immoral” to divert parking meter fees and refused to do it, according to her lawsuit.

“I think at the end of the day, the defendants never acknowledged that this Change for Charity program was supposed to go to the community...and continued to justify the reasons they wanted to use that money for their operating expenses,” Dickson said. “The jury was able to determine that was not the right thing to do.”

...

Friday’s verdict was Salerno’s second victory against MPI in court. MPI sued Salerno in Platte County Circuit Court in 2019, accusing her of using company money to buy equipment that she would use for a furniture restoration business she ran with another Zona Rosa employee.

A judge in that case entered a verdict in Salerno’s favor. Salerno’s lawsuit against MPI claimed its allegations against her amounted to a pretext for firing her.

Olshan Properties sold Zona Rosa to Trademark Property Group in 2018.


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Re: OFFICIAL: Zona Rosa (tenants & phase II)

Post by DaveKCMO »

Salerno had been working for KCCG to oversee City Market operations, but that doesn't look to be the case right now: http://www.kccommercialrealty.com/about-us/our-team/

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Re: OFFICIAL: Zona Rosa (tenants & phase II)

Post by empires228 »

flyingember wrote:
Mon Sep 21, 2020 11:39 am
The development has had a hotel in the plans for more than a decade and it was never built.
I can’t imagine that there is much market for it considering how many other new hotels have been built up there. Maybe when the new KCI gets going, but not at this exact moment.

A big problem with Zona is that it started out trying to be The Plaza 2.0 and have tenants on par with the CCP and TCP. It didn’t have a true anchor when it opened besides that upscale furniture store that bombed and became Michaels, so Dillard’s was brought in and didn’t keep the store any more upscale than the Independence store for very long. A lot of the upmarket stores the center had like Coldwater Creek, Charming Charlie, and The Sharper Image don’t even exist in 2020. The Dillard’s wing was always mostly vacant from day one. The best it ever got was The Limited and Topsy’s Popcorn. The rest was always a rotating group of empty storefronts and temporary tenants with a
Yoga Studio behind Topsy’s and Yougurtini. I’m sad that the fountain will probably be torn out, not that Zona really turned on their fountains this year anyways... the big one at Legends has been partially broken for years at this point too as has the singular one at TCP.

The two power centers across the interstate look to be doing pretty well. The Shops at Boardwalk is in pretty sad shape. They poached a few tenants like Yankee Candle back from Zona, but it’s not looking good.

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