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Thompson Thrift is a real estate development company proposing an apartment project on the east side of the former Sears property at 97th and Metcalf.

We received the following information from Thompson Thrift's representatives, and we're posting it here as promised in our recent email/postcard to Pinehurst residents..

The following is a high-level summary of the meeting held February 20, 2024.


Thompson Thrift – established in 1986

Add construction of residential properties in 2008

Total of 79 Residential Communities with two in Missouri

 Proposed Project

11.84 acres

Class A Project – Market Rate Rents

Approximately 300 units

4-story / 50’ in height to parapet

Surface parking and accessory parking structures

1 parking space per bedroom

Amenities will be internal to the buildings

No retail/commercial use – 100% residential

Committed to replacing wood fence along eastern property line

Committed to keeping existing tree canopy along eastern and southern property lines

 Discussion Topics:

Building Height






Market Study/Need for Apartments


School Capacity – See attached letter from School District

Anticipated Rents – Rents will be market-rate.  We currently anticipate that the average rent will be $2,115, with an overall range of $1,400 to $2,950. 

Impact to Property Values

 Developer was asked to further consider the following:

 Process with City

Rezone property to RP-6

Anticipate filing plans with City in March 2024

Developer will hold another neighborhood meeting prior to the Planning Commission meeting

Planning Commission Public Hearing:  May 13, 2024

City Council meeting:  June 3, 2024

 Lasty, I have attached copes of the following:  (i) copy of the sign-in sheet (for those who chose to sign it); (ii) copy of the presentation slides ; and (iii) letter from the School District confirming there is sufficient capacity for additional students. 

 Please let us know if you have any questions or need any additional information at this time.

 Amy L. Grant | Senior Paralegal | Polsinelli PC

To view the slideshow below in full-screen, move your mouse over the screen and click on the arrow in the upper right corner of the slide below.

When finished, press 'ESC' to return to this page.....

Overland Park Neighborhood Mtg 2024-02-20-c
2024-02-21 School District Capacity Letter-c.pdf