LAWRENCE, Kan. — Representatives of Metonic, Ronco, Lamp Rynearson and Land Plan Engineering hold shovels at the ceremonial groundbreaking for Lusso, Wednesday, Nov. 11, 2026, in Lawrence, Kansas. (Courtesy of Metonic)
LAWRENCE, Kan. (November 12, 2026) — Metonic, an Omaha-based multifamily investment and development firm, broke ground Wednesday on Lusso, a 130-home rental townhome community at 105 Eisenhower Drive, just north of the West Sixth Street commercial corridor. Lusso is Metonic’s first development in Kansas.
Lusso will deliver new homes to a growing community with a lean apartment market. The Lawrence metro area added roughly 2,500 households between 2019 and 2025, according to U.S. Census Bureau data. As the area has grown, apartment availability has thinned. The U.S. Department of Housing and Urban Development describes the local apartment market as “tight.” Citing CoStar Group data, HUD reports an apartment vacancy rate of 3.3% in the second quarter of 2026, less than half the national rate of 8.2% CoStar reported for the same period.
“Lawrence has steady fundamentals, a clear need for new housing, and durable demand drivers like the University of Kansas,” said Kassie Inness, president of Metonic. “It is the kind of Midwestern market our portfolio was built around, and the right place for our first development in Kansas. We look forward to bringing a modern new housing option to this dynamic city.”
“Housing availability is an important part of Lawrence’s economic development strategy,” said Susie Carson, director of economic development for the City of Lawrence. “A variety of housing options helps us attract and retain talent, support local businesses, and create opportunities for people to live and work in our community.”
Lusso continues Metonic’s “Apartminum” concept, first developed in the Omaha metro, which pairs condominium-style finishes with the flexibility of renting. The community will offer studio, one-, two-, and three-bedroom floor plans. Every home will include a private entrance, smart home technology, in–unit laundry, and a private garage. Community amenities will include a pool, community room, fitness center, electric vehicle charging, and a dog park.
TOP: A rendering shows the planned Lusso apartminiums in Lawrence, Kansas. (Rendering courtesy of Shive-Hattery)
BOTTOM: The Vestara 72 apartminiums in Papillion, Nebraska, opened in June 2023. (Courtesy of Metonic)
Project partners include architect Shive Hattery, civil engineers Lamp Rynearson and Landplan Engineering, financing partner Bankers Trust and general contractor Ronco Construction. Metonic has partnered with Ronco on previous developments across the Omaha metro. Lusso marks the firms’ first project together through Ronco’s Kansas City office.
The first building is expected to open in fall 2027, with community completion scheduled for summer 2028.
About Metonic
Metonic is a full-service investment management firm partnering with individuals, family offices, and institutions to invest in multifamily real estate. Founded in Omaha, with offices in Omaha and Chicago, Metonic acquires, develops, renovates, and manages properties across Midwestern metropolitan areas. Metonic’s portfolio includes more than $1.4 billion in assets under management across 25+ markets.