May 25, 2017
The Gateway City is on the move when it comes to new construction.
The St. Louis Business Journal has identified 14 projects underway across the area worth in excess of $100 million each including one that cracks the billion-dollar mark.
Heading the list is the National Geospatial-Intelligence Agency which could bring jobs and development to the city’s north side. Covering several blocks between 22nd Street and Jefferson north of Cass Avenue, the massive $1.7 billion project is proposed to lie just west of the rejuvenated Old North neighborhood.
Second on the list is the Centene project, a $770 million effort which will remake part of Clayton.
Other projects on the Business Journal’s radar include the half-billion-dollar SSM Health-St. Louis University Hospital development, the CityArchRiver renovation, St. Elizabeth’s Hospital in Belleville and a possible revamp of the Railway Exchange Building to bring in living space and retail. Meanwhile, pharmaceutical giant Pfizer is building a 32-acre research campus in Chesterfield, an apartment high-rise is going up in the Central West End and a new office structure is planned to enhance part of Ballpark Village.
The Business Journal’s “Crane Watch” now has more than 100 local construction projects across the area worth more than $7 billion combined.