Prairie Wolf Villas in Overland Park, KS, will offer 160 townhome units with 3-unit, 5-unit, and 6-unit configurations, alongside amenities such as a park, clubhouse, and pool. Part of a 70-acre master development, the project includes commercial space and multifamily apartments, strategically located near Blue Valley SW, a top-rated local school. Crain, with a strong track record of multifamily investments totaling $325 million since 2012, leads this development, which has an average unit cost of $368,000.
Downtown Apartments in Wichita, KS, is an ~$100 million residential development offering 259 rental units next to the new KU/WSU Bio Medical facility, with amenities like courtyards, a clubhouse, a pool, and 700 parking stalls. Targeting young professionals, families, and students, the project benefits from its strategic downtown location and strong local economy, ensuring demand for upscale housing.
Crain Development is converting the historic Petroleum and O'Rourke Buildings in Wichita, KS, into a luxury boutique hotel next to the KU/WSU Bio Medical facility, blending historic charm with modern amenities. The project benefits from state and federal historic preservation tax credits, enhancing its financial viability. With convenient access to local attractions, the hotel aims to become a landmark destination offering upscale accommodations.