Overland Park-based Drake Development LLC is poised to enter the real estate market with its 418-home Wild Horse project in Overland Park, located at the northeast corner of 179th Street and Switzer Road.
Wild Horse will be a five-phase project, starting with the construction of 82 houses.
Drake received approval from the Overland Park Planning Commission on Monday afternoon for its final plat. On Oct. 3, the project will go before the City Council.
Although the developer previously focused on retail development, and, more specifically, mixed use in Merriam and Lee’s Summit, the Director of Acquisitions JD Christie said the site “just made sense,” because of its proximity to US Highway 69 and two Blue Valley schools.
The site’s ZIP code is ranked No. 2 Kansas City Business JournalList of the 50 richest zip codes in the region.
Over time, the site could evolve into a larger project, although no concept plans have been submitted.