Downtown St. Louis featured in Midwest Construction
Dave Dwars of the Lawrence Group was quoted in a Midwest Construction cover story on redevelopment of downtown St. Louis this month.
According to the article, 69 buildings have been restored downtown since 1999, totaling $1.3 billion in development.
An example is the Lawrence Group’s $125 million Park Pacific Building. Renovation of the 22-story, 470-sq-ft former Missouri Pacific/Union Pacific building, originally constructed in 1928, will include 108 condos, 50 apartments, 51,000 sq ft of office space and another 10,000 sq ft of space for street-level retail.
Another $1 billion in projects is in the pipeline with 26 buildings being restored or under development.
Other facts:
- 10,000 people live downtown of which 5,000 are new, according to the Downtown St. Louis Partnership.
- About 1,200 additional residents are expected to move in over the next three years.
- 2,700 new housing units opened downtown in the past two years.
- Downtown currently has more than 7,400 rental and sale units.
Ebersoldt + Underwood Architects and WDM Architects have formed a joint venture to design the $150 million redevelopment of the Lemp Brewery complex in St. Louis. The 14-acre property presently includes 29 brick buildings built between 1864 and 1919, which would be redeveloped into 400 residential apartments and approximately 75,000 square feet of retail. The developer is Kansas City, Mo.-based Garrison Development. Construction is expected to begin in May and be completed in phases over the next four years.