ST. LOUIS (KMOV) – A grocery store and mixed-use development are coming to The Grove neighborhood as part of an $85 million dollar development project.
Chouteau’s Grove will combine retail, apartments, parking and entertainment into a new project at the intersection of South Vandeventer and Manchester.
“It satisfies the retail needs, the residential needs and will be something that sets the stage for other development that could occur there,” explained Phil Hulse, the managing principal of Green Street St. Louis, the developer of the project.
Green Street St. Louis is no stranger to The Grove. They recently completed the Urban Chestnut location just down the road from this new development.
The new project will include more than 250 apartments and will sit next to the Commerce Bank facility.
“Green Street and Commerce Bank share a vision to transform this site into its highest and best use thereby accelerating the regeneration of this economically diverse neighborhood within the City’s central corridor,” said Hulse.
They plan to close on the property by Spring 2015, with the hopes of starting construction that summer. No word yet on what grocery store will anchor the new development but Hulse tells News 4 they are working with community stakeholders to determine how to best to fit this project with the current landscape of The Grove.
They are seeking tax incentives for the project. Part one of the two-part project is estimated to cost $73.8 million.