By. Chris Stritzel
It is quite interesting that just about 2 and a half weeks ago, I wrote up a story about a Residential Tower proposed at the corner of Forsyth and Brentwood Boulevards in Clayton. Today however, another building for the same corner has been proposed to the City of Clayton. It will be built on the same block as the new tower and right next door to it on Forsyth.
As St. Louis' Second Downtown of Clayton continues to expand rapidly, it has became clear the projects like this will become common place in Clayton and less so in the City of St. Louis, in particular, Downtown St. Louis. Below is a press release from the developer, KP Development.
BEGIN PRESS RELEASE:
CLAYTON, MO, FEB. 21, 2017 …St. Louis-based development firm KP Development today announced plans to develop Forsyth Pointe, an estimated $16 million, mixed-use, mid-rise development in the Clayton business district. The nine-story, 60,000 square-foot building would be built in a portion of the 8000 block on the north side of Forsyth Blvd., between Meramec Ave. and Brentwood Blvd, on property that KP Development has owned for almost 20 years.
The new development would include a mix of 51,000 square feet of Class A office space, 7,500 square feet of ground floor retail space, along with 160 parking spaces for tenants of the new building. The building also would include rooftop garden areas for rooftop events and other activities. The property it would rise on is currently home to the offices of KP Development and ElmTree Funds. Both KP Development and ElmTree Funds would make the proposed building their new home.
“We consider this project to be a unique, boutique office opportunity that will provide a highly visible presence on this corner of Forsyth and Brentwood, with amazing views into Shaw Park and the new Chapman Plaza,” noted Scott Haley, managing director for KP Development. “The incorporation of retail on the ground floor will also result in a more active, pedestrian-friendly experience along Forsyth.”
KP Development has been a long-time supporter of the City of Clayton’s Comprehensive Plan, which includes a focus on a unifying and coordinated development for this stretch of Forsyth, and the new development has been conceived with that in mind. The company’s proposed development would take shape adjacent to a planned new multi-family tower that is proposed to be developed on the City of Clayton’s public parking lot at the north east intersection of Forsyth and Brentwood. While Forsyth Pointe is a completely separate project, Haley notes it is intended to complement the proposed luxury apartment building and that it specifically aligns with the goals of the “Park View District” as described in the City’s comprehensive plan.
Forum Studio is the architect for the project. Pending approval from the City of Clayton, KP Development hopes to commence construction this fall.
As I said earlier, this project will be directly next door to the 25 Floor Residential Tower to be built at the corner of Brentwood and Forsyth Boulevards.