Corbin Park

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Corbin Park is an outdoor retail village in Overland Park, Kansas. The first phase of the development opened in 2008.

Initial Development & Bankruptcy

Omaha-based Cormac Co. began developing Corbin Park, with preliminary planning work starting in 2004. The official groundbreaking for the project took place August 30, 2007. The development was planned to have a "modern Tuscan" design with numerous landscaped water features and an amphitheater. It was intended to have J.C. Penney, Von Maur, Best Buy, Barnes & Noble, Old Navy and The Sports Authority as anchor stores.[1] Of these, only J.C. Penney and Von Maur were developed before construction stalled on the project.[2] The mall's developer declared bankruptcy in 2010[3][4] and development was stalled. An auction of the project was set to take place on August 30, 2011, but it failed to happen because no bid deposits were received. Leawood-based developer Mike Schlup had submitted a bid for the August auction, but he withdrew the offer after a dispute with Overland Park about development incentives. Bankruptcy court approved a second auction to take place on October 24, 2011 with an opening bid price of $5 million.[5]

Sale & Redevelopment

Developer Mike Schlup completed purchase of the Corbin Park development for $8.1 million on November 29, 2011, rescuing the 1.1 million-square-foot development out of bankruptcy. In December, Schlup announced that Corbin Park would be renamed Aspen Square and Copaken Brooks would be brought on as a development consultant. The Aspen Square name change never came to fruition, and when development resumed later in 2012, the Corbin Park name remained in place. In October 2012, Copaken Brooks was replaced by Block & Co. to handle leasing and marketing of Corbin Park. In December 2012, Scheels All Sports announced that it would open a 222,000-square-foot flagship store in Corbin Park. Corner Bakery Cafe opened a second Kansas City area location at Corbin Park in March 2014.[6][7][8][9]

Future Tenants

  • 810 Zone, construction of the new 6,916 sq ft restaurant planned for 2015 near Commerce Bank[10][11][12] JOCO Mattress
  • Redrock Canyon Grill[13]
  • Chuy's, Texas-based Tex-mex restaurant chain, specific location and construction schedule yet to be announced[14]

Potbelly,Menchies,Toads Kitchen coming soon/Pizzeria Locale pending between Sears Appliance/Showroom and Commerce Bank and C-2 filled 2016 Dave and Busters

Cancelled & Former Tenants

  • Backwoods Apparel, closed in April 2015, following more than seven years in business as one of the original Corbin Park tenants[15]
  • NYLO Hotel, seven-story, 220,000-square-foot hotel originally scheduled to open in 2015
  • Trader Vic's, originally confirmed in 2007; construction suspended due to Corbin Park bankruptcy

References

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  1. ↑ Corbin Park readies for Backwoods, Von Maur – Kansas City Business Journal. Bizjournals.com (2008-10-14). Retrieved on 2013-10-29.
  2. ↑ Corbin Park shopping center may be heading to auction block – Kansas City Business Journal. Bizjournals.com (2011-01-28). Retrieved on 2013-10-29.
  3. ↑ Corbin Park moves closer to the sales rack – Kansas City Business Journal. Bizjournals.com (2010-10-29). Retrieved on 2013-10-29.
  4. ↑ More than $15 million in liens dog Corbin Park – Kansas City Business Journal. Bizjournals.com (2009-10-25). Retrieved on 2013-10-29.
  5. ↑ Bankrupt Corbin Park retail project in Overland Park gets new auction date, $5M opening bid – Kansas City Business Journal. Bizjournals.com (2011-10-04). Retrieved on 2013-10-29.
  6. ↑ http://www.bizjournals.com/kansascity/blog/morning_call/2011/12/corbin-park-project-gets-a-new-name.html
  7. ↑ http://www.bizjournals.com/kansascity/news/2011/12/07/stalled-corbin-park-gets-new-name-to.html
  8. ↑ http://www.bizjournals.com/kansascity/news/2012/09/28/corbin-park-swaps-copaken-brooks-block.html
  9. ↑ http://www.bizjournals.com/kansascity/news/2012/12/03/scheels-in-corbin-park-will-be.html
  10. ↑ http://www.kansascity.com/news/business/biz-columns-blogs/cityscape/article3354985.html
  11. ↑ http://www.bizjournals.com/kansascity/news/2015/04/16/retail-roundup-810-zone-finds-another-home.html
  12. ↑ http://www.blockandco.com/b/a/42/95/Corbin%20Pad%20PR.pdf
  13. ↑ http://apps.opkansas.org/Doing-Business/odc/Case/View-Case.cfm?case=DEV2014-00099
  14. ↑ http://www.bizjournals.com/kansascity/blog/2014/10/mexican-tex-mex-battle-chuys-teds-cafe-escondido.html
  15. ↑ http://www.kansascity.com/news/business/biz-columns-blogs/cityscape/article17216609.html
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