Steffen starts work on $132 million Arcade rehab
St. Louis Business Journal - January 26, 2007
by Lisa R. Brown
Traffic lanes and access to MetroLink will be impaired during the renovation of the Arcade Building.
View Larger
Construction has begun on Pyramid Cos.' $132 million renovation of the Arcade Building at 812 Olive St. downtown.
The building, which spans a city block between Olive and Pine at Seventh Street, will be converted to 40,000 square feet of retail space, condos and office space.
Beginning Jan. 29 and spanning the next 34 months, several sidewalks surrounding the building will be closed, in addition to traffic lane closures.
"To complete this work will require the periodic closing of sidewalks and streets in Post Office Square," Pyramid's Project Manager Tony Summers wrote in a Jan. 22 letter to surrounding businesses, including the St. Louis Business Journal, which leases office space in the Old Post Office across the street from the Arcade. John Steffen heads Pyramid.
S.M. Wilson & Co. is the general contractor. Environmental Operations Inc. is providing environmental engineering, remediation and demolition services.
Summers said the abatement and demolition process will span one year, followed by the renovation work, which will be completed by the end of 2009. Whether the Arcade will include a hotel and the exact amount of residential units and office space are still being determined.
Sidewalk and traffic lane closures include:
One lane of Olive Street might be closed for short time periods. The sidewalk on the south side of Olive along the Arcade Building will be closed to pedestrian traffic for short periods.
Two lanes, one parking lane and one traffic lane, of Pine Street between Eighth Street and the Paul Brown Building will be closed.
The sidewalk and the stairway access to the MetroLink station on the north side of Pine Street adjacent to the Arcade Building will be closed until 2010, when the project is expected to be completed. Other entryways to the MetroLink station will remain open.
One parking and one traffic lane on Eighth Street between Pine and Olive streets will be closed. The sidewalk in front of the Arcade Building on Eighth Street will be closed.
Pyramid plans to start construction on several downtown projects this year, including the $135 million redevelopment of One City Centre and the former St. Louis Centre mall, the $39 million redevelopment of the 305 N. Broadway building, the $93 million redevelopment of the Jefferson Arms building, and the $108 million redevelopment of the former Dillard's building.
lrbrown@bizjournals.com