KC Developer has Plans for Hazelwood Site
Date Posted: May 26, 2015
Posted In: Projects,
From St. Louis Public Radio: A Kansas City company wants to take over and begin construction this summer on developer Paul McKee’s long-dormant Hazelwood Logistics Center.
But Paul McKee is fighting back in court.
The Hazelwood Logistics Center is in a prime location near Interstate 70 at Lindbergh Boulevard and Missouri Bottom Road. The 151-acre site was to become an industrial and logistics park, but it’s been plagued by lawsuits.
That includes a suit brought by BancorpSouth in federal court over millions of dollars in defaulted loans. Back in 2011 the bank won a nearly $32 million judgment against McKee and Hazelwood Logistics Center.
There was little movement until last month when an entity called NP Hazelwood 140, LLC, took over the judgment and quickly announced an auction of Hazelwood Logistics Center’s land and assets, scheduled to take place May 29.
As it turns out, Kansas City-based NorthPoint Development has a stake in NP Hazelwood 140 and has big plans for the Hazelwood site. CEO Nathaniel Hagedorn said if the foreclosure takes place as expected, they will build a distribution center similar to what McKee originally envisioned.