Aug 10, 2017
Already a magnet for fashionable mid-county consumers, one of Richmond Heights’ main thoroughfares is set to gain even more retail and office opportunities in the near future.
The St. Louis Post-Dispatch reports that $100 million in new development could be in place across S. Brentwood Boulevard from the Galleria as soon as the end of 2019.
The ambitious concept is a follow-up expansion of the successful “Boulevard” complex which opened 13 years ago on the east side of Brentwood south of Galleria Parkway. Condor Partners and Edwards Realty inherited the idea from previous owner Pace Properties which envisioned similar growth before the former purchased the 200,000-square foot shopping hub. The new project would expand the development southward towards the I-64/I-170 interchange and add an additional 200,000 square feet of retail in addition to dozens of new apartments, garaged parking and a skybridge to connect to another 100,000 square feet of offices.
Richmond Heights has already greenlit a $15.3 million TIF to help finance the plan and a small sales tax in the local transportation development district will kick in some funding as well.
Earlier reporting by the St. Louis Business Journal noted that the owners had already acquired the 4.8-acre site for the new development in the 1100 block of S. Brentwood.
The current Boulevard already boasts establishments that can’t be easily found elsewhere. The state’s only Crate & Barrel store and its sole Maggiano’s Little Italy upscale dining spot are located there.
The initiative could break ground as soon as next year.