Kansas City Current Breaks Ground on Riverfront Mixed-Use District

KANSAS CITY (March 26, 2025) — Today, the Kansas City Current, Palmer Square Real Estate Management, and Marquee Development broke ground on the next phase of the KC Current’s generational investment in the Berkley Riverfront and downtown Kansas City, Missouri.

With today’s groundbreaking, the Current continues its unprecedented investment in women’s sports and the Kansas City region, only 12 months after the opening of CPKC Stadium, the first stadium in the world purpose-built for a women’s professional team. Construction crews have been mobilized since December 2024 preparing the site for vertical construction.

Building on the Current’s partnership with Port KC and shared vision for a world-class riverfront neighborhood, KC Current is embarking on a multi-phased, $1 billion privately financed project that will continue its efforts to transform the Missouri Riverfront, extending the fabric of downtown Kansas City, Mo. to its waterfront.

Today’s groundbreaking encompasses a $200 million phase that has 429 multifamily homes, 48,000 square feet of retail, and 2+ acres of riverfront gathering space – including a new town square and a riverfront promenade. Components of the project will deliver throughout 2026.

This development will create a new, waterfront neighborhood that is anchored by CPKC Stadium, Berkley Riverfront Park, and the Missouri River. With a focus on local chefs and restauranteurs, this district will become the new culinary epicenter of our region. This project returns Kansas City to its roots – a city founded on its riverfront, embracing the water once again.

“The KC Current’s first season at CPKC Stadium demonstrated the power of women’s sports and highlighted Kansas Citians’ love of being on the riverfront,” said Angie and Chris Long, co-founders and co-owners of the KC Current. “Our district project will bring apartment homes, restaurants, bars, and businesses back to the water – it will transform our skyline and make Kansas City’s waterfront the new hub for energy in our city. We are thrilled to continue our investment in the Berkley Riverfront to create a world-class waterfront for generations to come.”

Laura Ricketts, Owner, Marquee Development, said, “Marquee Development is proud to partner on this transformational project which embodies the future of urban development in Kansas City while celebrating the rise of women's sports.  The development aligns with our vision to invest in spaces that connect fans and neighbors to create vibrant new communities.”

Jon Stephens, CEO of Port KC, said, “Port KC’s goal has always been a walkable, vibrant, activated neighborhood where a community could grow. The Missouri River was once the heart of the city, and our vision was to restore Kansas City’s connection to its birthplace. We have added trails, amenities, housing and more. Now, thanks to the Current, this new dynamic district will supercharge the Berkley Riverfront like never before.”

Palmer Square Real Estate Management and Marquee Development are Co- Developers of the project. VCC Construction is the General Contractor for this project. Klover Architects serves as the Architect of Record alongside Perkins Eastman as the Design Architect.

Learn more and sign up for updates at www.kcriverfront.com. Media assets including renderings and logos can be found here.

About the Kansas City Current
Founded in December 2020, the Kansas City Current is led by the ownership group of Angie Long, Chris Long, Brittany Mahomes and Patrick Mahomes. The team competes in the National Women’s Soccer League (NWSL). The Kansas City Current plays its home matches at CPKC Stadium, first stadium purpose-built for a professional women’s sports team. Named The Most Ambitious NWSL Club for two consecutive seasons by ESPN, the Current finished the 2024 regular season fourth on the NWSL table. To receive updates on the Current visit kansascitycurrent.com.

About Palmer Square Real Estate Management & Palmer Square Capital Management
Palmer Square Real Estate Management (“Palmer Square Real Estate”) is an affiliate and the real estate vertical of Palmer Square Capital Management (“Palmer Square”). Palmer Square Real Estate manages all development and acquisitions activities on behalf of a diverse set of clients, including the Kansas City Current soccer club. In addition to a focus on traditional ground-up development, financings, and acquisitions, its highly experienced team has expertise in sports-anchored real estate development and complex public-private partnerships.

Founded in 2009 by Christopher Long, with major offices in Kansas City and London, Palmer Square manages over $33 billion in fixed income/credit investments on behalf of a diverse client base inclusive of institutional investors, wealth management firms, and high net worth individuals (as of 12/31/24). The firm primarily focuses on Opportunistic Credit, Income Strategies, Private Credit, and CLOs while offering many product opportunities, including mutual funds, exchange traded funds, separately managed accounts, private partnerships, CLOs, and a publicly traded Business Development Company, Palmer Square Capital BDC Inc. (NYSE: PSBD).

For more information, please visit www.palmersquarecap.com.

About Marquee Development
Marquee Development is a mixed-use real estate developer and event company that specializes in building and operating entertainment districts adjacent to sports and cultural venues. Their expertise spans all phases of development, operations, hospitality, and ongoing event programming supported by marketing and media. Born of sports team ownership, Marquee is known for thinking like owners and creating as operators. Their destinations and guest experiences drive long-term value creation—inspiring neighbors and visitors to return again and again, year-round. Discover more at www.marqueedevelopment.com.

About Port KC
Port KC’s mission is to grow the economy of Kansas City through transportation, logistics and revitalization. Our agility, efficiency and cultivated partnerships enable us to create a more globally connected and competitive Kansas City. Our investment in the community strengthens our city and helps build a place for all Kansas Citians. For more information, please visit www.portkc.com.

About VCC Construction
Founded in 1987, VCC has established itself as a nationally recognized general contractor across the United States dedicated to serving our clients with unwavering commitment. With 8 offices nationwide and licensure in all 50 states, VCC brings deep expertise across diverse sectors, including multifamily residential, retail, entertainment, sports, hospitality, healthcare, institutional, storage and office projects. Our portfolio spans both new construction and renovations, demonstrating our versatility and commitment to quality in every endeavor.

Our foundation is built upon decades of enduring relationships guided by principles of trust, teamwork, open communication, and value-added solutions which are central to our corporate fabric. VCC offers comprehensive commercial construction services, including pre-construction, design-build, construction management, and general contracting. Our vision is to lead with operational excellence through innovative solutions, exceptional people, and outstanding performance. Discover more about our services and projects at www.VCCUSA.com.

About Klover Architects
Klover Architects is an award-winning, full-service architectural firm with over 35 years of experience in designing mixed-use developments, multi-family residential, office, retail, and restaurants. Our mission is to maintain a high standard of design and quality of services to assure the success of our clients. We understand that our success only happens if our clients are successful and because of that, we have maintained long-term relationships with many clients for decades. Klover is professionally registered in all fifty states and the District of Columbia. To learn more please visit www.klover.net.

About Perkins Eastman
Perkins Eastman is a global design firm founded on the belief that design can have a direct and positive impact on people’s lives. The firm’s award-winning practice draws on its 1,000 professionals networked across 24 studios worldwide. By keeping the user’s needs foremost in the design process, the firm enhances the human experience across the spectrum of the built environment. For more information, visit www.perkinseastman.com.