St. Louis, MO/December 8, 2016 (STLRealEstate.News) The St. Louis Cardinals last month confirmed they are revamping and constructing a new village complex right in St. Louis. This week, the team published two new renderings of what the $220 million second phase of Ballpark Village is likely to look like. The “official phase two plans” call for construction of a 29-story, 230-foot-tall luxury high-rise apartment tower, as well as what officials said will be the “Class A” building – the first new one built downtown since 1989. The construction project, therefore, is momentously historic and exciting for all St. Louis residents.
One of the renderings released this week shows an aerial view of the site that includes a generic mock-up of what to expect from a third possible renderings release. The other rendering available at this time showed the complex will include a rooftop pool on one of the buildings.
Construction is set to begin in the second half of 2016, with some areas that will be available for public use as soon as 2018. The entire second phase addition is slated to be completed by 2019, reported officials.
Previous hints of what a third phase rendering could look like includes three rectangular parcels to the north of the current plans. Cardinals President Bill DeWitt III previously reported to the Business Journal that those blocks could be anything, but are set up strategically to lay the foundation for an office or something residential. “My dream would be a big company to come in and build a campus on three blocks and add some retail and add to the streetscape,” said DeWitt.
At the end of November, a St. Louis aldermanic committee advanced $65 million in subsidies for the project. The subsidies include allotments from tax increments, a community improvement district, and a transportation development district. The Ballpark Village bonds will expire in 2037.
Contributing editor: Alexandra R. Fasulo
Picture courtesy of St. Louis Ballpark Village
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