Gardner to review a $97M bond request for a new apartment complex

Gardner, Kan. – On Monday the Gardner City Council reviewed a request to issue up to $97 million in industrial revenue bonds (IRBs) to support the construction of a new apartment complex in the northern part of the city.

Developers plan to build University Park Apartments on about 35 acres at the northwest corner of 167th Street and White Drive. In May, the city council approved the request to rezone undeveloped property to the planned apartment house district (RP-5).

Olathe-based developer Austin Park, LLC intends to build-out 32 townhomes and 574 apartment complex in two phases. The planned development includes eight townhome buildings near 163rd Street and nine, four-story apartment buildings to the south. Each apartment building will contain approximately 47-70 units.

The first phase will include the construction of the first five apartment buildings and an 1,800-square-foot swimming pool. This phase will also include a 10,000-square-foot clubhouse, an 8,000-square-foot dog park, a children’s playground and approximately 2,324 feet of internal walkways.

The second phase will include the construction of all eight townhome buildings, the remaining four apartment buildings and more than 1,000 feet of trails.

By issuing the bond, the developer will also receive a sales tax exemption for the construction materials used for the project.

The Gardner City Council is scheduled to vote on the bond request during its next regular council meeting at 7 pm Monday.

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