St. Louis, Missouri
When the St. Louis Cardinals constructed a new baseball stadium in 2006 in downtown St. Louis, it created a unique opportunity to construct an adjacent mixed-use development on a 10-acre site that was formerly occupied by the previous baseball stadium. This led to the conception of Ballpark Village, a mixed-use development envisioned to create distinctive district that not only provided entertainment venues for sports enthusiasts coming to and from games, but also residences and office space for tenants eager to be “part of the action”.
To help implement the vision, Development Strategies was called on to undertake a blight study, forecast market demand, evaluate the economic feasibility of the proposed development, provide a cost-benefit analysis that illustrated the tax implications for local and state government, and evaluate the potential “net new” revenues that would be created.
In 2014, the initial phase of development – a 100,000 square feet dining, entertainment, retail and Cardinals Hall of Fame and Museum structure was opened, along with an outdoor beer garden and a public passive recreation plaza, located on the site of the former Busch Stadium infield.
Phase II is currently under construction. When all phases are completed, the development is projected to include up to 1,100,000 square feet of commercial space (consisting of office, retail, entertainment and restaurant space), structured parking and up to 250 residential units.
Dec. 14, 2017 – Ballpark Village expansion breaks ground, accounting firm PwC named anchor office tenant St. Louis Post Dispatch
Oct. 22, 2017 – Putting the ‘village’ in Ballpark Village – $261 million will transform the skyline St. Louis Post Dispatch
Oct. 5, 2017 – New $65 million Loews hotel planned for Ballpark Village’s second phase St. Louis Post Dispatch
Oct. 26, 2016 – Expansion coming to Ballpark Village — with apartments, offices and retail St. Louis Post Dispatch
Mar. 28, 2014 – Ballpark Village hits a home run, VIPs say St. Louis Post Dispatch
Sep. 19, 2012 – Ballpark Village to open in 2014 after Missouri board OKs incentives St. Louis Post Dispatch
Jun. 27, 2012 – Aldermen bless new Ballpark Village plan St. Louis Post Dispatch