In light of recent headlines on big St. Louis redevelopment projects and the national economic climate, our June Urban Questions seek to determine if you remain optimistic about development progress in the City of St. Louis and in Chouteau’s Landing.
How did the unexpected downfall of Pyramid Properties and the news of Centene’s departure from Ballpark Village deal affect your viewpoint of redevelopment projects in the City of St. Louis?
Post Your Comment Below.
Headlines Behind The Question
A May 23, 2008 article by the St. Louis Business Journal’s Lisa R. Brown reads:
Nearly two-thirds of beleaguered developer John Steffen’s residential projects are being transferred to two local management firms.
More than $88 million of the $142 million Pyramid Cos.’ portfolio assembled by Steffen in recent years is expected to be transferred within a month. The St. Louis Equity Fund, headed by John Wuest, is taking on the largest chunk: 345 units in several projects, including the 300-unit King Louis Square mixed-income project south of downtown. The Sansone Group will manage the 213-unit Paul Brown Apartments downtown.
Read the full articles on Pyramid and Centene:
May 23, 2008 St. Louis Business Journal Update
May 2, 2008 St. Louis Business Journal Update
April 25, 2008 St. Louis Business Journal
March 26, 2008 St. Louis Business Journal article on Centene and Ballpark Village
June 19th, 2008 at 12:51 pm
The real question is are the people running the city optimistic about it’s chances. I think the people of this city are ready to step into the big leagues with cities like Chicago.
June 19th, 2008 at 7:38 pm
Me and my husband live downtown. And were so still excited and looking forward to what your doing an other developers. And we echo what jeff said above..