Downtown West has been picking up significant momentum over the last couple years. The most well-known project will bring a brand-new Soccer Stadium for St. Louis City SC, and advocates have long argued that it would contribute to positive growth in the corridor. It appears, not even two full years later, that those advocates may be pleased with their predictions.
Although there is lots of academic debate surrounding whether incentivized professional stadiums positively improve a city’s economy, the St. Louis MLS Stadium is unique in that it received no tax-incremented-financing (TIFs) from the city. Unlike many other Central Corridor investments, this one in particular is mostly privately financed without taking from future local tax revenues. Rather, the only incentives received by the stadium were granted by State lawmakers and still mostly a drop in the bucket.
The Butler Brothers building is one of the largest vacant buildings within Downtown St. Louis with 8 floors of usable space and a presence that takes up an entire city block. In Downtown West, just East of Jefferson, there has been much less investment in recent years than neighboring areas. The stadium seems to have kicked off a recent spate of investments all seeking to capitalize on the anticipated success of the MLS site, with residential redevelopments like 1800 Washington, 1801 Washington Ave, and even a few more along the way totaling hundreds of new units.
With the sheer size of the Butler Brothers building, it will activate a significant portion of Downtown West. Better yet, in addition to its anticipated 384 residential units (greater in number than recent towers like One Hundred on the Park), Development Services Group plans on adding 2 retail spaces with a total of around 15,000 square feet. Mixed-use could be something of a gamechanger for this part of Downtown and contribute to a growing neighborhood feel that St. Louis City SC hoped on achieving with their new stadium and adjacent developments. The retail spots add additional reasons for residents and tourists alike to stay in the area and spend their money locally.
The building will likely have similar amenities to other recent large developments. According to CitySceneSTL, the plans call for an “amenity lounge, fitness center, juice bar, bike storage, dog spa, game room, and screen room.”. Of the 384 apartments, 295 will be one-bedrooms units, 24 studio, and 65 two-bedroom. Some developers have found their one-bedroom units to be the most in demand, which likely explains the composition of units in this building.
The developer hopes to begin construction in Q4 2021 and to wrap up construction in Q2 2023. This is a very ambitious construction and approval timeline, but there certainly is cause to shoot for wrapping up around the start of the new St. Louis City SC team at the neighboring stadium. In just a few years, Downtown West may well feel more like a natural extension of Downtown rather than a missing link in the Central Corridor.