2016 was the year of unexpected growth in project announcements with in the city of St. Louis. Most of the projects are pushing St. Louis higher for the first time since 2009. This is what post-recession St. Louis looks like and it looks like we are just starting to heat up. With Ballpark Village Phase 2 going in and One-Hundred going in Central West End, it appears we have two major Sparks to get the real fire going. Here are three projects that were canceled in the past but I believe will make a big return in 2017 in someway whether they are redesigned or revived in their original design.
1. The Chouteaus Greenway project
This monstrous project would have taken up all the surface parking lots south of interstate 64 in downtown St. Louis if it were to have been completed back in 2006. The plan was stalled and canceled numerous times but now it appears that it may be finally be revived since downtown is making a comeback. The project would call for the redevelopment of Chouteaus landing on the riverfront, new apartments, new office space and new retail space to be built on those lots. The biggest prize of it all will be the human made lake that will be in right in front of the existing Purina building.
The plan from there than it is to remove some of the less use railway lines all the way down to Forest Park. All of it will be turned into a Greenway which is like a park. This would be a very monster size version of Millennium Park. An estimated price tag of government incentives will is reached $250 million which means the full project should be about $700-$1 billion. If announced in 2017, I believe it could be finished by 2022. The announcement I would expect it arrive sometime in April through June and break ground sometime in 2018.
2. The Boulevard Phase 2
The Boulevard is a project in suburban Brentwood Missouri, is a prime example of what a recession can do to your economy. The original development called for a hotel more residential and more retail space to be added to the already existing Boulevard project. The project was stalled in later canceled by the development company Sansone group. But in mid 2016, the plan was resurrected but nothing ever got underway by the original breakground date of December 2016.
I believe this project will make a comeback though in 2017 since the local economy around Brentwood is beginning to grow. Brentwood itself has seen expansive growth when it comes to new residential facilities and the neighboring city of Clayton has also seen an expansion of growth in office in residential space which will all help this project. I expect this announcement on this project to be announced sometime in April 2017 and break ground in July 2017.
3. A Serious Skyscraper Proposal
Its not everyday that this idea is brought up. But many years ago in 2006, an idea was put in place to where a developer planned to build a 1000 foot tall building. The building is pictured here in the Chouteaus Lake Project Masterplan. But because of the recession and the less demand for Downtown buildings of this kind, the idea was shelved until possibly now.
Downtown is beginning to run out of abandoned buildings to turn into residential and mixed use. The next one to go abandoned will be one AT$T Center. But that building will surely be redeveloped in the near future with the Railway Exchange and Mercantile Exchange buildings redevelopment coming soon along with others. So this means new construction is eminent. With Ballpark Village Phase 2 reassuring us that Office Space will begin to be needed in a new way, a new Tower will rise. That's where the idea of a skyscraper appears.
I see a developer announcing in 2017 a 1000 foot tall building or something close to it that will push us highe than where we currently are. The idea of change is not far off considering how open the city is to new development now. There are rumors of a new super tall to go on the Surface Parking Lot at the corners of Spruce/Broadway. That building has been in planning for about 3 years now and an announcement should be coming around May 2017. So it's not a crazy estimate and if done will show the world that Saint Louis is ready to go big again.
These are the 3 projects I believe will make a return in 2017 considering that the economy continues to do well and the development drawer continues to grow with ideas to be reviewed. But we shall see.