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 hotels in the early-to-mid 20th century, both buildings have been thoughtfully repositioned through value-add renovations while preserving their architectural character and historic appeal.

Since acquisition, ownership has executed extensive interior upgrades, building system improvements, and commercial space repositioning, transforming the portfolio from distressed occupancy levels into a stabilized downtown housing destination. Plaza Towers now serves as a mixed-use high-rise featuring renovated apartments, secured access, on-site amenities, leased retail and office space, and popular event venues, while Leon Place offers affordable downtown living with updated interiors, restored common areas, and functional building infrastructure. The portfolio benefits from strong downtown walkability, proximity to Hutchinson’s major cultural anchors, and limited competitive multifamily supply within the historic district.