Wichita Construction Pipeline 1Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Prospective

2,250 Units

Planned

1,429 Units

Under Construction

733 Units

UC/Lease-Up

1,822 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Wichita Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.
Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

SubmarketProperty NameAddressCityStateZIPUnit CountProperty StatusStart of Const. DateForecasted Completion DateStart of Rent-Up
1 - Wichita - DowntownDumont at Delano820 West Burton StreetWichitaKS6721396UC/Lease Up01/07/202304/30/202412/01/2023
24 - Hackney-WinfieldWin Residences1900 Elaine DriveWinfieldKS67156203UC/Lease Up12/15/202203/31/202411/06/2023
1 - Wichita - DowntownNational, The150 North Main StreetWichitaKS67202152UC/Lease Up02/01/202303/31/202409/14/2023
10 - Wichita - EastUnion Mill2023 North Broadmoor AvenueWichitaKS67206301UC/Lease Up05/10/202103/31/202406/16/2023
21 - AndoverSkylofts at the Heritage400 South Heritage WayAndoverKS67002186UC/Lease Up12/01/202205/31/202404/01/2023
14 - Wichita - WestAvante7400 West 37th Street NorthWichitaKS67205372UC/Lease Up07/18/202205/31/202402/01/2023
10 - Wichita - EastConnect55+ Wichita2430 North 127th Street EastWichitaKS66726134UC/Lease Up08/15/202003/31/202401/01/2022
9 - Wichita - NortheastVillas at Prestwick, The5163 North Villa PlaceBel AireKS6722678UC/Lease Up09/01/201903/31/202409/01/2019
14 - Wichita - WestCopper Creek10850 Copper Creek TrailMaizeKS67101300UC/Lease Up07/25/201703/31/202403/01/2019
South Washington Avenue & East Waterman StreetSouth Washington Avenue & East Waterman StreetWichitaKS67202370Prospective
1 - Wichita - DowntownBallparkWest Maple Street & McLean BlvdWichitaKS67213150Prospective
1 - Wichita - DowntownRiverfront Village300 South Sycamore StreetWichitaKS67213100Planned
1 - Wichita - DowntownSutton Place Redevelopment209 East William StreetWichitaKS67202119Under Construction08/11/202309/30/2024
2 - Wichita - North CentralHigh Plains1736 North Harvard AvenueWichitaKS67208190Under Construction12/01/202212/31/2024
8 - Wichita - NorthEcho Hills5523 North Echo Hills DrivePark CityKS67219192Planned
8 - Wichita - NorthPark CentreSEC East 61st Street North & North Hydraulic AvenuePark CityKS67219416Planned
8 - Wichita - NorthSunflower ValleyWest 77th Street North & North Meridian AvenueValley CenterKS67147100Planned
9 - Wichita - NortheastGateway, TheNEC East 37th Street North & Greenwich RoadWichitaKS67226225Prospective
9 - Wichita - NortheastNorth Rock Road & East 37th Street NorthEast 37th Street North & North Rock RoadWichitaKS67226275Prospective
9 - Wichita - NortheastStoney Pointe Phase II2925 North Boulder DriveWichitaKS67226216Under Construction12/20/202206/30/2024
10 - Wichita - EastBuffalo GroveSouth 127th Street East & East Pawnee StreetWichitaKS67207130Prospective
12 - Wichita - SouthWest 47th Street South & South Meridian AvenueWest 47th Street South & South Meridian AvenueWichitaKS67217100Prospective
14 - Wichita - WestHampton Lakes4321 North Maize RoadMaizeKS67101100Under Construction06/26/202312/31/2024
14 - Wichita - WestRidge PointeWest 37th Street North & North Ridge RoadWichitaKS67205201Planned
15 - DerbyDerby DestinationNorth Rock Road & Tall Tree RoadDerbyKS67037300Prospective
15 - DerbyGreenwood Village5420 Rock RoadDerbyKS67037100Prospective
17 - Sedgwick167th & MapleWest 167th Street & West Maple StreetAtticaKS6705290Prospective
17 - SedgwickAuburn VillasSouth 135th Street West & West Kellogg Drive NorthWichitaKS67235300Planned
17 - SedgwickLiberty Gardens13550 West 13th Street NorthWichitaKS67235108Under Construction08/25/202305/31/2024
17 - SedgwickSouth 183rd Street West & US Route 400SEC South 183rd Street West & US Route 400GoddardKS67052144Prospective
17 - SedgwickWest Central Avenue12822 West Central AvenueWichitaKS67235100Prospective
21 - AndoverAndoverOnewood Drive & US Route 400AndoverKS67002120Planned
26 - East WellingtonUS Route 160 & Meridian RoadEast 10th Avenue & Meridian RoadWellingtonKS67152216Prospective
32 - NewtonNewtonSWC South Kansas Avenue & Windward DriveNewtonKS6711450Prospective

RETURN TO
NATIONAL MAP

METHODOLOGY

ColtonHowell

Colton Howell

Senior Director

colton.howell@mmgrea.com

richardRedding

Richard Redding

Senior Director

richard.redding@mmgrea.com

Stuart Krous_Temporary

Stuart Krous

Associate Advisor

stuart.krous@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

We're proud to advise our clients about more than just their assets. Gain comprehensive insight into the multifamily industry with our exclusive, on demand access to actionable market intelligence.

Learn More

(800) 448-4MMG

Connect with us

Join Our Email List

Linkedin-in Instagram

AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.