From the January 20, 2006 print edition
McGuire, Ghazi change plans, name for Bottle District
Lisa R. Brown
The $300 million Bottle District planned for north of downtown will begin taking shape in March with a new name and changes to its original design.
The 18.5-acre development on the site of McGuire Moving & Storage is now being marketed as the Gateway Village. The Bottle District theme, named for century-old bottles unearthed on the site, will be the name of the development's entertainment and dining district.
The changes were made after Dan McGuire, owner of the property and the driver behind the development, brought Charlotte, N.C.-based The Ghazi Co. on as a joint venture partner last fall. McGuire said that as the project gained momentum in 2005, it was time to partner with a company with experience as a lead developer. Clayco is the general contractor, and New York-based Studio Daniel Libeskind, working in conjunction with Clayco's Forum Studios, is designing the project. DMR Architects of Charlotte is also working with Forum Studios on the master planning of the site.
"We're not a developer," McGuire said. "We managed to bring it this far, and we think we've done a terrific job." The Ghazi Co. is now handling leasing at the Bottle District. "We're handling what we had in the works before they joined," said Matt Bernsen, marketing director for the Bottle District. "They have experience with mixed-use development that we don't, and they have a list of tenants that aren't in St. Louis that they work with on the East Coast."
McGuire is narrowing his choices for financing the project among three lenders. Royal Banks of Missouri financed property acquisition for the project.
"(Ghazi Co.'s) concern was being able to bring residential to the project," McGuire said. "By changing part of the name, it gives them a lot more opportunity to bring in residential developers." McGuire said it's still undetermined what amount of residential the project will contain. The new plans call for at least two 35-story residential towers and possibly a taller one, he said. Previous plans showed three residential towers, at 24, 28 and 32 stories in height.
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