Feb 24, 2017
Once a home for the nation’s military, St. Louis’s Armory may soon be called back to duty in civilian life.
NextSTL.com reports that the design firm Arcturis has unveiled various conceptual portraits of what the revamped Midtown landmark might look like after a full-scale renovation with new office space encapsulating the building’s distinctive atrium along with spot for dining and even a spa.
Spearheaded by Green Street Development, the $83 million project might also encompass properties closer to the corner of South Grand’s intersection with I-64 including a 90,000-square foot building across Prospect Avenue and a proposed seven-story hotel with 135 units.
The developer hopes to put together community improvement and transportation development districts as well as assembling various tax credits to fund the venture.
The area is ripe for revitalization. The Armory’s rebirth may eventually be complimented by Lawrence Group’s $340 million City Foundry Project on the other side of the double-decked interstate and could even be linked to it by a footbridge over the highway. The site is near St. Louis University, the new IKEA and the ever-expanding Cortex, the Gateway City’s growing technology district which envisions a future with as much as 4.5 million square feet of mixed use development convenient to Metro light rail.
According to nextSTL, the Armory developers are still working to gain ownership of an additional tract of land from a local utility to make room for the planned hotel.