Plaza Square Rebirth

New and changing stores, restaurants, and businesses in the City of St. Louis
Has anyone heard about Plaza Square recently? A developer is creating a stretch of retail along Olive between 16th and 18th, directly across from the old Plaza Square development. The project is called New Plaza Square and includes 40k sf of office space and 10k sf of ground floor retail. The neighborhood lacks national retailers and Olive seems like the ideal street (hopefully a grocery store/pharmacy will move in). Gershman Commercial is marketing the property.
Olive from 15th-17th St is across from Plaza Square. Is this the corner of 16th and Olive? The rest of that block is a parking lot owned by the SLPL. Or are they thinking of demolishing something on the block between 16th and 17th?
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Hmmm...
I wonder how old that plan is


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If the "under development" refers to the current Alterra/Jefferson Arms project, and the numbers seem to jibe, then fairly recent. The Monogram building is also marked as "under development." At a glance that looks current. It also looks like a bunch of boxes on a map that every other person on this forum could have ginned up in their spare time; which is to say it looks rather like a bit of blue sky speculation. All that said, I would like to hope that closing Pine for that park would be an absolute non-starter.
[size=150]Chicago group says it has downtown buildings under contract[/size]
Mar 1, 2017, 6:22am CST
[img]https://media.bizj.us/view/img/10359208 ... -120-0.jpg[/img]

"The buildings, at 1601 and 1706 Olive St....Brown said the group plans to invest between $5 million and $6 million to rehab the buildings and could seek tax abatement for the properties. The group would seek historic tax credits for the 1706 Olive building, which is the Henschel Hats building...
the group is targeting a pharmacy or grocery tenant..."


read more
http://www.bizjournals.com/stlouis/news ... under.html
I'm starting to think that alterra developer knows a lot more than we do


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Yes. They have some big aspirations for that area. We will see how it plays out.


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Oh, Alterra I'm buying more and more all the time. But the drawing appears to be from Next City Group. They seem more like an informal think tank than a developer, from what I can find. It's hopeful. I'd love to see all of it built. But . . . who builds it?
Have Office Markets Plateaued? All Signs Point To Yes
https://www.forbes.com/sites/bisnow/201 ... 5c6ddba0c3
moorlander wrote:
Wed Mar 01, 2017 9:07 am
Chicago group says it has downtown buildings under contract
Mar 1, 2017, 6:22am CST
Image

"The buildings, at 1601 and 1706 Olive St....Brown said the group plans to invest between $5 million and $6 million to rehab the buildings and could seek tax abatement for the properties. The group would seek historic tax credits for the 1706 Olive building, which is the Henschel Hats building...
the group is targeting a pharmacy or grocery tenant..."


read more
http://www.bizjournals.com/stlouis/news ... under.html
Any new info regarding 1601 and 1706 Olive Street? I sure would love a grocery store right next to my apartment.
It would be a huge win to snag a Trader Joe's! I also wish Dierbergs would just open a store in the city. Have they ever given a reason why they don't?
STLhistoryBuff wrote:
Thu May 11, 2017 11:35 am
moorlander wrote:
Wed Mar 01, 2017 9:07 am
Chicago group says it has downtown buildings under contract
Mar 1, 2017, 6:22am CST
Image

"The buildings, at 1601 and 1706 Olive St....Brown said the group plans to invest between $5 million and $6 million to rehab the buildings and could seek tax abatement for the properties. The group would seek historic tax credits for the 1706 Olive building, which is the Henschel Hats building...
the group is targeting a pharmacy or grocery tenant..."


read more
http://www.bizjournals.com/stlouis/news ... under.html
Any new info regarding 1601 and 1706 Olive Street? I sure would love a grocery store right next to my apartment.
I think this may be dead... the 1601 Olive Building sold last month to the Father's Support Center and the 1706/Henschel Hats building appears to still be for sale. But even if it is dead, if some of these other things going on in Downtown West move forward I think the neighborhood has to be edging ever closer to landing at least a smaller grocer and other retail.
STLrainbow wrote:
Thu Oct 26, 2017 11:59 am
STLhistoryBuff wrote:
Thu May 11, 2017 11:35 am
moorlander wrote:
Wed Mar 01, 2017 9:07 am
Chicago group says it has downtown buildings under contract
Mar 1, 2017, 6:22am CST
Image

"The buildings, at 1601 and 1706 Olive St....Brown said the group plans to invest between $5 million and $6 million to rehab the buildings and could seek tax abatement for the properties. The group would seek historic tax credits for the 1706 Olive building, which is the Henschel Hats building...
the group is targeting a pharmacy or grocery tenant..."


read more
http://www.bizjournals.com/stlouis/news ... under.html
Any new info regarding 1601 and 1706 Olive Street? I sure would love a grocery store right next to my apartment.
I think this may be dead... the 1601 Olive Building sold last month to the Father's Support Center and the 1706/Henschel Hats building appears to still be for sale. But even if it is dead, if some of these other things going on in Downtown West move forward I think the neighborhood has to be edging ever closer to landing at least a smaller grocer and other retail.
What ever happened to the talk of a Lucky's or other grocery moving into Eli Walker?
^ I haven't heard anything on it so I assume they took a pass on the building at least for now.
I have a friend who lives in Ely Walker lofts. He says it's still happening but it's not Luckys. Some California based grocery.