Fizz may be back in Bottle District
By Riddhi Trivedi-St. Clair
ST. LOUIS POST-DISPATCH
05/15/2007
Plans for the beleaguered $290 million Bottle District development north of downtown may be back on track with Clayco Inc. playing a prominent, but as yet undefined, role.
Officials from Clayco and the development arm of McGuire Moving & Storage, which has long sought to develop the site, said Monday that they are looking at a very "aggressive" development schedule, with work possibly beginning within a year.
A new group of local companies — in addition to Clayco and McGuire — is being formed to take on various development-related roles, said Matt Bernsen, spokesman for BDP LLC, the development group for the project. But he would not discuss details on the companies involved or what role each would play.
Plans for the development have changed since it was first announced in September 2004 by Dan McGuire, president of McGuire Moving. Advertisement
The last initiative, announced in September 2005, called for three high-rise condo buildings on the approximately 16-acre site — the tallest of which would be 630 feet. The city pledged a $51.3 million tax break. .
At the time, Ghazi Co., based in Charlotte, N.C., was named co-developer and Clayco was the general contractor.
Since then the project has stalled, and Ghazi dropped out about eight months ago, giving rise to speculation that the Bottle District may be dead.
"Speculation is speculation," Bernsen said. "Everyone has a right to their opinion about what's going on.
"(Afshin Ghazi) is doing a major project called the EpiCentre in Charlotte, and his timelines for that were established before he got involved with Bottle District. We required a more hands-on joint venture partner."
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