Delmar Divine

New Markets Tax Credit Coalition

Saint Louis,
MO
(2020)

Delmar Divine

Adult Education, College or Vocational Training, Community, Mixed-use, Office, Retail, Retail and Commercial

The former St. Luke's Hospital, fully closed to the public in 2014, was renovated into a mixed-use development that provides 5,170 sq. ft. of retail space and 109,368 sq. ft. of office space, shared services and other resources for nonprofits.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $35,047,289

IMPACT

120 FTE jobs
65 construction jobs
114,368 sq. ft. of real estate

CDEs

St. Louis Development Corporation, USBCDE

Investor

US Bank

Voices from the Community

Our historic reimagination project would have been impossible without the NMTC program. It was an integral part of our capital stack and the project itself–7 years in development, is having a very positive impact on St. Louis.

-Maxine Clark, Delmar DivINe, St. Louis, MO

Project Description

Delmar Boulevard is an east-west street within the City of St. Louis, MO and known as the Delmar Divide. It is a socioeconomic dividing line. Located along Delmar Blvd., the former St. Luke’s Hospital, fully closed to the public in 2014, will be renovated into a mixed-use development that provides 5,170 sq. ft. of retail space and 109,368 sq. ft. of office space, shared services and other resources for not for profits, foundations and community support organizations, 450 exterior parking spaces and 35 covered parking spaces.

MAP

Address: 5535 Delmar Boulevard, Saint Louis, MO 63112

Census Tract: 29510112200

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