McKee Marketing Retail Space Next to NGA’s New HQ Site

By on February 1, 2019

From St. Louis Post-Dispatch:  It’s been just over a month since St. Louis handed off 97 acres north of downtown for the construction of a $1.75 billion intelligence agency facility, and brokers are already marketing property nearby owned by Paul McKee’s NorthSide Regeneration.

Gershman Commercial real estate has a brochure out promoting retail space for lease on an almost 23-acre site at the northwest corner of Jefferson and Cass avenues. That’s right across Jefferson from the future home of the National Geospatial-Intelligence Agency, which is expected to open about 2025 with some 3,100 employees.

“Located at the main entrance of the NGA campus,” the Gershman brochure says.

Though the city terminated McKee’s development rights to the 1,500 acres surrounding the NGA site over the summer, as well as the tax increment financing district that covered it, the marketing material is a reminder that he still owns an estimated 1,600 properties surrounding the site that he acquired over more than a decade. With so much land in the area still owned by NorthSide, much of the future development around the planned NGA site in north St. Louis will still hinge on McKee and his lender, the Bank of Washington, despite their soured relationship with City Hall that has the two sides battling in court.

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