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New Chiefs joint real estate venture to develop mixed-use districts in KCK and Olathe KANSAS CITY, Kan. (KCTV) - The Kansas City Chiefs and Hunt Midwest are launching a joint real estate venture called Two-Point Development as they work toward mixed-use districts in both Kansas City, Kansas, and Olathe. The Chiefs announced Monday that the newly-formed company will help shape “vibrant, mixed-use districts around the franchise’s new stadium in Kansas City, Kansas, and new headquarters and training facility in Olathe, Kansas.” “This is a monumental day for our family as the Kansas City Chiefs and Hunt Midwest form a new business partnership,” Chiefs owner Clark Hunt said. “My father was a visionary who believed in the future of Kansas City and spent decades investing in the business community of this region. Today, we are so proud that his football franchise and his real estate company are joining forces to drive transformational real estate developments around the Chiefs future stadium and training facility.” A “Double Scoop” of Progress At Betty Rae’s Ice Cream in Olathe—just a mile from the future team headquarters at College and Ridgeview—owner Matt Shatto says the news is a sign the project is moving forward. “By announcing who it is that they’re going to use to master develop the site, it gives us a perspective that it’s, number one, real, and number two, that we kind of have some sort of a general idea of who’s going to be behind the project,” Shatto said. As a retail tenant next door to the planned development, Shatto has been supportive of the move ever since the location was announced. Asked what kind of tenants he would like to see at the neighboring “live, work, play” destination, he didn’t have a list. He just says he hopes the new development brings what he called “complementary businesses.” “We just want things that are going to get people out of their homes to come out and enjoy Olathe, to enjoy the Ridgeview corridor, and — of course — enjoy Betty Rae’s ice cream,” he said. For some customers who live nearby, the news is like getting two scoops of a good thing, though it comes with a few reservations for some. “I’m team yay. I’m positive,” said nearby resident Chelsea Wall. “I’m excited about it being so close to where I live, which is amazing. But I am nervous about all the extra people and traffic coming out this way, just for driving and getting to places I need to go.” Wall says she hopes the master developer recruits locally owned businesses and includes a shopping area where kids can come and play. Nearby resident David Miller used to work for a company that designs stadiums. He responded positively to the announcement. He described it as a decision to keep the major development decisions in-house. “The Hunt family has developed a lot of property in their history, so I think they’re not new to this, so I think they just believe in it a whole lot,” Miller said. “This is a major development and it fits what Olathe has been trying to do with the city in improvements for the last 20 years or so.” In Wyandotte County -- where the future home of the Chiefs stadium will be -- development will include entertainment, hospitality, retail and residential spaces. In Olathe, the team’s future headquarters and practice facility, which will be located near the intersection of College Boulevard and Ridgeview Road, will also be surrounded by another mixed-use development. “The vision is to create a setting where locals can live, work, and play, while visitors find connected, experience-driven public gathering spaces,” the organization announced. Those visions included inspiration from the Dallas Cowboys’ ‘The Star’ district in Frisco, Texas, which is surrounded by more than 35 restaurants, shops and specialty services. What’s in a name? The name Two-Point Development is a sentimental nod to team founder Lamar Hunt’s legacy. Hunt was a driving force in bringing the two-point conversion to professional football, first in the AFL in 1960 and later urging its adoption into the NFL rulebook in 1994. As master developer, Two-Point Development will act as the primary architect of the entire district’s ecosystem. A master developer is responsible for the long-term planning and coordination of the whole site. This includes designing the layout of roads and public spaces, securing zoning approvals, and carefully selecting the mix of retail, residential, and office tenants to ensure the district functions as a unified community hub. What came before Earlier this year, the Chiefs shared renderings for the new stadium set to be built in Kansas City, Kansas. The plans for the Chiefs stadium include around 70,000 fans and a plan to open for the 2031 NFL season. At training camp in St. Joseph, Missouri, this August, Hunt addressed the organization’s choice to select Manica Architecture to design the new stadium and Populous to design the new practice facility. During that press conference, Hunt acknowledged that leaving Arrowhead Stadium will not be a simple transition for the organization or its fans. “Leaving Arrowhead is not a small decision, and we’re going to really cherish these five years,” Hunt said. “It’s a special place, and always will have a special place in our hearts.” Copyright 2026 KCTV. All rights reserved.