Boulevard Saint Louis I & II

Discuss new retail, dining, business and residential projects within St. Louis County, including Chesterfield, Riverport, Earth City, Westport and more.
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beer city wrote:
Finally some movement - Renderings in the story - looks good, I don't see TIF as a problem on a difficult dense redevelopment like this one

http://www.kmov.com/story/33133629/cont ... m-galleria


looks like residential units is a moving target as per the kmov story. Too bad phase III with the residential tower anchoring the development as originally envisioned

Hamilton says they are aware of the district’s concern and add that the residential component of the new development was still being discussed but could include between 50-160 apartments. But she says without tax incentives, the project would not happen.
Look for Restoration Hardware to move out of the Galleria and open one of their multistory flagship "Gallery" stores in Phase II.

Also, the owner of the Galleria is General Growth Properties which is based out of Chicago. It's possible that the purchaser of the Boulevard from Pace Properties might be GGP as the article mentions the purchaser is a developer out of Chicago.
^ It would be interesting to know if their was a relationship or not. Alex has name of new owner in his write up I believe. But appears a generic LLC that to me suggests another backer or business practice that keeps a development or assets separate or group of shareholders, so on.

I think having Galleria and Boulevards with vested owner ship might be good over the long term. Going forward the value will be adding mixed use such as more residential, some office and maybe another hotel for the owener to the immediate area and make up the loss of surface parking with structured parking. But in the retail development world at least their is movement beyond another strip mall or big box store. Just wish some of these developments would entertain a roof top pocket park, greenery on top of their garage for a change or even a decent solar array.

Now what to do with the sad shape of what is around University Tower. One time it looked promising for some dense, mixed use, parking structure and another hotel. Instead you got a lowly bank branch built.
StlToday - Richmond Heights approves tax-supported expansion of shops near Galleria

When the council held a public hearing in February on the proposed TIF financing, all of the five speakers who gave comments — including the president of Clayton School District’s Board of Education, Susan Buse — opposed it, according to City Council minutes. Buse said those taxes could have benefited students.


http://www.stltoday.com/business/local/ ... 76d05.html
The Boulevard was sold. Sounds like proceeding with phase 2 is still the plan.

http://www.bizjournals.com/stlouis/news ... j=76913441
Is anything ever going to happen to Phase 2?
chriss752 wrote:
Wed Mar 01, 2017 4:05 pm
Is anything ever going to happen to Phase 2?
Can't answer but IMO it would be a lot better for RH to see ground broken on Boulevards Phase II & a Phase III reborn/hotel proposal for the Burger King before Richmond's crossing at Hanley Ave happens. But it looks like full speed ahead on a generic isolated Hanley Ave development with lousy pedestrian access to Brentwood metrolink station versus something that at least offers some density & better walkability to RH metrolink station.
As Moorelander pointed out above, the Boulevard development was recently sold. While the new owners have said they intend to proceed with Phase II, it will understandably delay things a bit.
^ Gut feeling is that it is still retail driven and has stalled without that one or two ideal anchor tenant like Dick's sporting goods instead of more rental/apartment units. Nor does it seem like they have pursued an alternate development route or jumped on the hotel band wagon. But then again, the second hotel at Brentwood and Clayton seems stalled at the moment also so changing gears might necessarily be a good idea either.

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