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I could see a major mixed-use development being built here.
4.5-acre Central West site is for sale; broker mentions residential uses
I could see a major mixed-use development being built here.
4.5-acre Central West site is for sale; broker mentions residential uses
https://www.bizjournals.com/stlouis/news/2023/05/16/central-west-end-site-sale-redevelopment-red-cross.htmlA 4.5-acre property in the Central West End currently used by a nonprofit is being offered for sale, in what could be a prime redevelopment opportunity in a St. Louis neighborhood that has seen significant investment.
The site at 4050 Lindell Blvd. is owned by the American Red Cross, which houses a blood bank at the property that previously served as its regional headquarters. Its headquarters are now in Creve Coeur.
The city site is made up of 17 parcels and includes a six-story, 151,000-square-foot office building and parking garage of about the same size, two surface parking lots and a single-family house, according to a brochure from the broker, commercial real estate firm JLL. Some of the parcels are along Lindell, and some are on West Pine Boulevard.
No asking price was given.
So far, the property has garnered interest from some office users, but mostly residential developers, said the broker for the listing, David Biales of commercial real estate firm JLL.
“It’s just difficult to come across almost four-and-a-half acres in the heart of the Central West End,” Biales said. “It could either be a (office) user, or really a completely redevelopment, and we’re getting a lot of interest from residential developers on that.”








