If we had this years ago, before our locals got so corrupted. Maybe just maybe we could have been on the scale of Nashville, Atlanta and Kansas City. But it is still not too late for a city of St Louis historic proportion to make a comeback.Editorial.
A developer is pitching a $200 million project with hundreds of mixed-income apartments, retail and office space on 3 acres in Downtown West.
A city development board, the Land Clearance for Redevelopment Authority, on Tuesday approved up to 10 years of tax abatement for the project. The Board of Aldermen still needs to sign off on the development plan.
AHM Group, the developer, described the project as a combination of renovating multiple and building others. The properties are at 2011-2125 Locust Street and 2106-2128 Washington Avenue. The site borders Locust Street to the south, 20th Street to the east, 22nd Street to the west and Washington to the north — just a few blocks from the under-construction Major League Soccer stadium.
One part of the plan is a 29-story “mass timber” mixed-use building with up to 500 apartment units, an eighth-story restaurant and ground-level commercial space at 2011 Locust Street. Civic booster group Greater St. Louis Inc.’s Arch to Park Equity Fund has invested in the project. A spokesman for Greater St. Louis declined to disclose the value of the investment.
AHM Group also plans to build several apartment developments with a mix of market-rate, workforce and affordable apartments.
It wants to use historic tax credits for at least one of the buildings: The Lambert Pharmacal building, at 2109 Locust Street, that would have up to 45 studio apartments that would be workforce and affordable housing, said AHM Principal Brian Pratt.
The developer anticipates attracting non-St. Louisans as residents, thanks to such projects as the National Geospatial-Intelligence Agency’s new western headquarters in north St. Louis and the soccer stadium.
AHM Group has hired St. Louis architecture firms Trivers and Arcturis and Milwaukee-based Korb & Associates.