 Since the Downtown Development Action Plan was adopted in 1999, over $4.3 billion dollars have been invested in a remarkably diverse portfolio of projects throughout Downtown St. Louis. From dramatic streetscapes to major projects like the new Busch Stadium and a new Lumiere Place Pinnacle Casino to nearly a hundred historic building renovations that now house hotels, lofts, offices and retail, there is a new spirit in downtown St. Louis.
The momentum continues to build as an additional $800 million dollars in development is planned for 2008. This includes the City Garden in the Gateway Mall, Ballpark Village, the 4th St Historic District at Chouteau’s Landing, and 300 additional residential units.
Even as investments grow within the targeted areas of Washington Ave, Post Office Square and the CBD, development is now expanding north, south and west to areas of downtown where new investment seemed inconceivable only a few short years ago.
Despite the high level of activity and growth, a wide variety of development opportunities are still available in Downtown St. Louis. The Downtown St. Louis Partnership works closely with the Regional Commerce and Growth Association (RCGA), the City of St. Louis and the St. Louis Development Corporation (SLDC) to attract and support new investment in the downtown area and to create an exciting and attractive place to live, work and play.
For additional information contact:
Kevin Farrell
Senior Director of Economic and Housing Development
kfarrell@downtownstlouis.org
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Featured Development
PowerHouse
Canon Design Moving to the Powerhouse
Cannon Design, an internationally recognized architectural and engineering firm, is relocating their St. Louis offices to the Powerhouse Building at 1106 Clark Street. For the 17 past years, Cannon Design has been located atop One City Centre but needed more space due to employee growth.
Cannon Design plans an $8 million adaptive reuse of the Powerhouse. The project will create a three-story tall interior gallery, an exterior 3,500 square foot urban garden, and attain a LEED Silver Rating for sustainable design. The exterior will be restored, the windows replaced maintaining the original masonry openings, and the interior space completely rehabilitated. Two partial levels will be constructed, adding to the existing two floors and rooftop penthouse, resulting in a total of 32,000 square feet of office and conference space. The Powerhouse is part of the Municipal Service Building complex, occupying an entire city block bounded by Clark, Spruce, 11th and Tucker streets.
The Powerhouse was originally built in 1923 to supply steam heat to four new public buildings as well as eight additional city buildings funded by an $87 million bond issue. The Powerhouse also supplied steam for the Kiel Auditorium, the largest steam jet cooling system in the U.S. in the mid-1930s.
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