50 condos proposed for area near South Grand Boulevard
Planning Commission endorses plan to build behind Commerce Bank
By Jim Merkel
Tuesday, January 23, 2007 4:22 PM CST
More parking and more housing soon may be coming to the area behind the Commerce Bank at 3134-42 S. Grand Blvd.
The Board of Aldermen is now considering rezoning legislation that would allow the constructions of 50 condominiums in the area now used for parking spaces behind Commerce Bank in the Grand South Grand shopping area.
Thirty-six units would front on Hartford Street and the balance on Juniata Street. They would be three stories in height.
There would be 80 parking spaces reserved for the condominiums and 90 additional off-street parking spaces for shoppers visiting stores on South Grand.
Alderman Stephen Conway, D-8th Ward, who represents the area of the proposed condominiums, recently introduced the zoning for the 1.62-acre tract behind Commerce Bank. The Board of Aldermen's Housing, Urban Development and Zoning Committee will hold a hearing on the proposal at 10 a.m. today in Room 208 of City Hall.
The St. Louis Planning Commission approved the plan Jan. 3.
Grace Associates LLC, a Chicago-based development firm, is the builder. The firm has five parcels under a contract with Commerce Bank, NA, and Mid-America Financial Corp. Commerce Bank NA will continue to own the parcel occupied by its new building on South Grand Boulevard.
Conway said the extra parking provided in the development will provide much-needed public parking on South Grand. Residents of nearby neighborhoods will notice fewer shoppers parking on the side streets, he said.
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