Plaza Towers & Leon Place – Downtown Hutchinson Portfolio
96-Unit Downtown Multifamily & Mixed-Use Portfolio in Hutchinson, Kansas
Marketing description
Plaza Towers and Leon Place comprise a landmark downtown multifamily and mixed-use portfolio located along East 2nd Avenue in the heart of Hutchinson, Kansas. Together, the two historic properties total 96 multifamily units supported by 13 commercial spaces including office, retail, and event use, creating diversified income streams within Hutchinson’s revitalized Main Street corridor.
Originally developed as prominent early-20th-century hotels, both buildings have been thoughtfully repositioned through value-add renovations while preserving their architectural character and historic appeal. Ownership has executed extensive interior upgrades, building system improvements, and commercial space enhancements, transforming the portfolio from distressed conditions into stabilized downtown housing.
Plaza Towers operates as a mixed-use high-rise featuring renovated apartments, secured access, leased retail and office tenants, on-site amenities, and popular event spaces. Leon Place provides affordable downtown living with updated interiors, restored common areas, and functional building infrastructure. The portfolio benefits from strong walkability, proximity to Hutchinson’s major cultural anchors, and limited competitive multifamily supply within the historic district.
Investment highlights
• 96 Multifamily Units Across Two Landmark Downtown Assets
Plaza Towers (63 units) and Leon Place (33 units) anchor Hutchinson’s Main Street skyline.
• Diversified Mixed-Use Income Streams
13 commercial spaces including office, retail, and event venues provide additional revenue.
• Proven Value-Add Execution & Stabilization
Portfolio repositioned through renovations and operational improvements.
• Historic Character with Modern Upgrades
Preserved architectural features paired with updated interiors and building systems.
• Prime Downtown Location
Walkable Main Street corridor within Hutchinson’s revitalization district.
• Limited Multifamily Competition
Scarce supply of renovated downtown multifamily and mixed-use product.
• Workforce Housing Demand Profile
Affordable rental positioning supported by strong local demand.
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