The failed St. Louis Centre mall has divided development patterns, and boosters are waiting for an outside investor to make his move.
"Calling St. Louis Centre a 'struggling mall' doesn't quite capture the perennial air of failure that the downtown albatross has carried throughout most of its twenty-year existence...'It remains the one big black eye for downtown the way it is right now, particularly from the standpoint of conventioneers,' seconds Jim Cloar, executive director of the Downtown St. Louis Partnership..."
"But a low-key, California-based investor named Barry Cohen...who in 1993 purchased the historic Jefferson Arms apartment complex on Tucker Boulevard, snapped up the entire moribund mall at a courthouse auction for $5.4 million -- or one-nineteenth of its 1985 price tag of $95 million -- in August 2004. In fact, Cohen, who is in the process of rehabbing a similarly downtrodden shopping center in Harrison, Arkansas, was the only person to submit a bid."
The investor's timeline, however, is irritating more than a few interested parties.
FULL STORY: Paint It Black
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
San Diego Votes to Rein in “Towering” ADUs
City council voted to limit the number of units in accessory buildings to six — after confronting backyard developments of up to 100 units behind a single family home.
Texas Legislature’s Surprising Pro-Housing Swing
Smaller homes on smaller lots, office to apartment conversions, and 40% less say for NIMBYs, vote state lawmakers.
Even Edmonton Wants Single Staircase Buildings
Canada's second most affordable major city joins those angling to nix the requirement for two staircases in multi-family buildings.
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