By Jill Draper
Village Cooperative, a community for active adults 55 years and older, will build a new facility in Leawood at the southwest corner of 135th Street and Kenneth Road near the intersection of State Line Road. Meetings for potential residents are underway, and already there’s been a strong response, according to sales manager Kara Bellina.
“We have reservations for 46 of the 59 units,” she said. “It’s our ninth cooperative in the Kansas City area. The model is gaining traction as people understand the concept.”
A similar facility, the Village Cooperative of Verona Hills, opened at 10800 Wornall Road about four years ago. The concept remains the same: residents purchase a unit and pay a monthly maintenance fee. When they or their heirs are ready to sell, they receive the original purchase price, plus accrued equity minus selling expenses. No meals are served.
Units range in size from 946 square feet ($155,000 with a monthly fee of $1,530) to 1,656 square feet ($324,000 with a monthly fee of $3,205). Each unit comes with a washer and dryer, an underground parking spot and a balcony. The building has a community room, two elevators and other amenities—typically things like a car-washing facility, a fitness room, a hobby room, raised garden beds and a guest suite that can be reserved.
Bellina said all area cooperatives have approximately the same ratio of 55 percent couples to 45 percent singles. The four-story building in Leawood will sit on three acres and construction is scheduled to begin next summer. Residents are expected to move in around the end of 2025.
Village Cooperatives are found in 10 states with 44 locations and are connected with Real Estate Equities Development, LLC.
For more information call 913-382-7476 or visit villagecooperative.com.