Vantage Point Properties to build SunStone Apartment Homes at Andover MarketPlace

03/12/2013 5:38 PM

03/12/2013 5:38 PM

WICHITA — Developer Paul Jackson is preparing to build the next phase of Andover MarketPlace, and it's a sizable one.

It's the SunStone Apartment Homes at 711 E. Cloud, which is south of Kellogg a half mile east of Andover Road.

"We're building a 208-unit complex that's market rate," says Jackson, who is president of Vantage Point Properties.

That means there won't be an affordable-housing component to the apartments.

Jackson initially purchased 80 acres east of Kellogg and Andover Road and then bought another 70.

"We've owned that land since around 2007 and have slowly developed it ... in the most quality fashion that fits the community," he says. "You know, that's a big project for Andover."

The MarketPlace is where there's a Dillons Marketplace, the Andover YMCA and an elementary school, all of which have since purchased their land from him.

There's also a strip center with several retail businesses in it along with an Arby's restaurant.

Jackson says the highway exposure and convenience will be great for the apartments.

"Most importantly, we think it's a very good use for the site that supports the other things around it."

(more…)

About Carrie Rengers

Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.

A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.

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