|
ST. LOUIS CENTRE 600 Washington Avenue, St. Louis, MO 63101 | |
When St. Louis Centre opened in 1985 at a cost of $95 million, it was the largest enclosed urban shopping center in the United States. Spanning the blocks between 6th and 7th, Locust and Washington, it remains one of the largest enclosed downtown shopping malls in the country. The bad news -- beneath a vaulted glass roof, the mall's four stories of shops and restaurants remain less than 50 percent occupied. The good news -- the Pyramid Companies recently announced an agreement to purchase St. Louis Centre. Pyramid plans to transform the building into modern office and first-floor retail space, with the potential for up to 120 luxury condominiums and private parking for residents. Part of the transformation will include tearing down the skybridge over Washington Avenue, which has been a topic of discussion ever since the struggling mall was sold to California-based Galveston Discount Warehouses in August 2004 at a foreclosure sale. Other changes include removing the exterior green-and-white aluminum skin as well as the vaulted glass roof. Removing the roof will create an open-air atrium, which will be used as a common area with large swaths of grass, a swimming pool, walking paths, and a dog run. Construction on the new development (to be named 600 Washington) is to begin summer 2006, with a two-year completion. Tearing down the skybridge is the first item on the list and could take up to three months. Pyramid has requested $34.3 million in TIF from City of St. Louis for the redevelopment of St. Louis Centre, while $8 million in federal New Markets Tax Credits has already been set aside. 
|
St. Louis Centre gets closing date
Designs for St. Louis Centre are unveiled
Developer John Steffen buys St. Louis Centre
A new vision for St. Louis Centre
Pyramid Announces a New Beginning for St. Louis Centre
City offers credits to give life to St. Louis Centre
Downtown Now pulls funding for skybridge demolition
Plans for demolishing skybridge blow sky high
Skybridge, skybridge, all fall down
Downtown's future may hinge on St. Louis Centre
Developer Barry Cohen vs. everybody else
St. Louis Centre's New Owner To Clean Up For NCAA
Mall's owner won't act hastily
Buyer of St. Louis Centre plans to keep mall
California-based firm buys St. Louis Centre
St. Louis Centre has new owner
St. Louis Centre sold to California firm for $5.4 million
Buyer goes to bargain basement for St. Louis Centre deal
Sale of St. Louis Centre begins today
Foreclosure of St. Louis Centre faces month delay
St. Louis Centre faces foreclosure sale next month
Downtown Mall in Foreclosure
|