Green Street Makes Offer for Wedge Site in The Grove

By on September 6, 2016

From St. Louis Post-Dispatch:  Green Street Development offered Friday to buy the St. Louis-owned parking lot at 4101 Manchester Avenue to make it part of the company’s Chouteau’s Grove project.

Phil Hulse, Green Street’s managing principal, said his company wants to build a combination of apartments and retail space on the wedge-shaped site owned by the city’s Land Reutilization Authority.

The site is across Chouteau Avenue from Green Street’s planned $61 million Chouteau’s Grove project of 271 market-rate apartments. Chouteau’s Grove construction will begin in late October or early November, Hulse said.

Redevelopment of the LRA site would complement Chouteau’s Grove, he said.

On Aug. 15, the city’s Land Clearance for Redevelopment Authority issued a request for proposals for the city-owned parking lot between Manchester, Chouteau and South Sarah Street at the eastern end of the Grove entertainment area.

Responses were due by 4:30 p.m. Friday. Whether any other developer submitted an offer for the site could not be determined immediately.

The city expects to have a redevelopment agreement with the buyer within six months of the purchase. Reaching such an agreement would start the two-year clock on completing the project, according to the request.

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