By. Chris Stritzel
The prominent building at 4th and Pine will receive new life in the best possible form. That form will be a Kaldis Coffee Shop, Creative/Co-Working Office Space and a Rooftop Bar. The renovations of the building will involve cleaning it up and making space for the new things that will go into it. My guess is that Floor 1 will be Kaldis Coffee/Office-Rooftop Entrances. Second Floor will be offices and the third floor (or the roof) will be the bar.
When it is completed, the building will add character to 4th Street and add to the growing number of businesses going into Downtown. one block west, at the Metropolitan Building, The Eatery is going in which will add more restaurants to Downtown. Just North of the Metropolitan Building, a Hotel indigo is going into the former LaSalle Building and across the street from the Mississippi Valley Trust Building is the recently renamed City Place Hotel (replaced Crowne Plaza). Furthermore, plans are in the works to restore the Mercantile Library Building into Condos (next door to the LaSalle Building) although no new news has been said about this project.
In all, the changing Broadway and 4th Street corridors are being received with open arms as building owners add room for businesses in the hope of bringing Washington Avenue's success to some of Downtown's other important streets. This small restoration project will only further add to the growing number of Downtown Businesses announced in late last year and this year alone.
- The Eatery (3 announced restaurants)
- Hotel Indigo
- Kaldis Coffee at City Garden (Open)
- Mississippi Valley Trust Rooftop Bar
- Kaldis Coffee on 4th
The name of the project will be "Covo". Covo is the name of the developer based in San Francisco, California. I hope they do a very good job on this project, I have a feeling they will.
In a snippet to wrap up this article from the Post-Dispatch, "Covo plans to open this fall. The Beaux Arts Mississippi Valley Trust Building, constructed in 1896, is on the National Register of Historic Places. The company was one of St. Louis’s best known financial institutions until it merged with the Mercantile Bank & Trust Company in 1951. It was a key part of financing the 1904 World’s Fair, Union Electric (now Ameren Corp.) and Kinloch Telephone, one of the region’s first telephone operators."
So this is yet another Downtown Building saved. Covo will open in the fall with the other tenants opening in the future.