Guys- Pace would probably develop the second phase at the Boulevard if it didn't have an institutional partner who is the majority owner and doesn't want to spend any more money on the site which they spent a huge amount of money on the land (plus cost to build phase 1).
Also, some of you are upset that Midtown Crossings isn't more dynamic. Pace is in the business of making money. If there is market demand to build a bigger retail project on that site with tenants willing to pay the amount of rent for them to make the ROI they need on the deal, I could 100 percent guaranty that they'd be doing a bigger retail project.
By the way, Pace brought IKEA to their site.
And by the way, Pace is our biggest competitor and I love when people say less than positive things about them -- but only when such is a legitimate complaint. The griping about them on Boulevard and Midtown Crossings is not legitimate. Some people (not everyone) on the UrbanStL message boards need to take a step back, think about reality of the market, and take their St Louis blinders off.