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Pangea Plans Big Mixed-Use Project in Edwardsville
From St. Louis Business Journal: Pangea Development has plans to build a mixed-use project in Edwardsville that will be anchored by a hotel and several restaurants with a cost between $50 million and $100 million.
Mascoutah-based Pangea, along with other investors, has 95 acres at the southwest corner of Interstate 55 and Highway 143 under contract. Sean Goding, president of Pangea, did not disclose purchase price of the land, though he said it represents about 7 percent to 15 percent of the overall development cost.
The development would be called Pin Oaks Plaza. Also involved in the project are Plocher Construction Co., who will own, manage and develop the land, and C.W. Bryon Properties.
Construction is expected to begin later this summer with the first phase of the development ready by this time next year.