Link
Developers propose to fill gaps in Clayton
By Tavia Evans
Of the Post-Dispatch
04/05/2005
Clayton officials and developers are looking east of Hanley Road to fill in the city's missing "teeth"- vacant and underdeveloped land - with more retail and mixed-use projects.
They're focusing on empty land on Carondelet Plaza and along Forsyth Boulevard, just north of the Ritz-Carlton St. Louis hotel. Some of that land is being used by Metro to build the Cross County MetroLink extension.
Developers Mark Mehlman and Joshua Corson plan to fill in the gaping hole at the northeast corner of Hanley Road and Carondelet Plaza with a nine-story condo and retail complex.
The $69 million project, to be known as the Crescent, would include 72 condo units and about 28,000 square feet of retail space.
Architects Andy Trivers and Tyler Stephens designed the project. National City Bank is the lender. Capital Land Co. owns the property.
Clayton Mayor Ben Uchitelle said he's also in talks with developers on two mixed-use apartment and retail projects for the south side of Forsyth. He said the city is looking to develop a mid-size parcel of land on Carondelet Plaza between Mehlman's proposed complex and the Ritz-Carlton.
"We see it as an area with great potential and development that's been ripe for a while," Uchitelle said. "Mehlman's project will add some housing adjoining our central business district and trigger other projects in the area."
Uchitelle's offices at Husch & Eppenberger LLC in the Plaza on Clayton building overlook both sites. The land where Mehlman proposes to build has been vacant for nearly 20 years; earlier proposals to build there have fizzled.
THF Realty proposed office towers on the property, but "never made it out of the planning stages," Uchitelle said.
MLP Investments LLC of Frontenac proposed a 30-story luxury condo building in 2000, but that plan also fell apart.
Mehlman's proposal has been given the green light by Clayton's architectural board. In addition to retail, his development includes about 260,000 square feet of residential space.
The condominiums would range from 2,000 to 4,000 square feet, with two- to four-bedroom units. Seven glass-walled penthouses, averaging 4,000 square feet, would offer views of the skylines of Clayton and downtown St. Louis.
A two-story parking garage with 156 spaces for residents is proposed behind the building, adjacent to an alley that connects to Hanley Road. A terrace with green space would go atop the garage.
Condos at the Crescent could list for $700,000 to $1.5 million, Mehlman said. The project answers demand in Clayton for more housing and could draw the business district east, he said.
"The city has wanted a residential mix of property there, and we have the answer to it," he said. "It carries on the concept of living in the city, and it can be a catalyst for the city's overall plan to enhance the area east of Hanley, bringing the west business district of Clayton east to the other side of Hanley."