Thursday, March 04, 2010

Downtown Development Status Rundown

Dominium Development plans to start work on the Leather Trades Lofts as soon as it can procure $3 million in anticipated state tax credits.  The project will include 86 loft apartments geared toward artists.

Construction on 100 high-end apartments in The Alexa - the former Chemical Building - is expected to begin in the next 30 days, with completion coming in 12 to 15 months.

The Lawrence Group has been given a deadline of June 30 to begin construction on its Park Pacific development and expects to have financing in place within 60 days.

Financing is nearly in place for the redevelopment of St. Louis Centre, pending completion of paperwork related to New Markets Tax Credits for the project.

Deputy mayor for development Barbara Geisman is reporting that The Laurel - the conversion of the former Dillard's Building into apartments and a hotel - is moving "full-speed ahead."

Sources are reporting that plans for the Roberts Brothers' Hotel Indigo project on Locust have been shelved, possibly giving the two historic buildings on the site a second chance for redevelopment.

4 comments:

stlexplorer said...

I'm relieved to hear that the Hotel Indigo project is now unlikely. I love those buildings!

STLgasm said...

Thanks for the updates. Any news on on Powell Square/Chouteau's Landing?

samizdat said...

Considering that the building on the corner which occupies the potential Indigo site is one the oldest (reported) structures DT, this is good enough news.

Dickson said...

Powell Square....that was a joke 15years ago. Maybe someone will drop some money into that building, but, I think a real long shot, sorry to say.