Mercantile Exchange

Saint Louis, MO (2010)

Mercantile Exchange

Infrastructure, Retail, Retail and Commercial, Transportation and Ports

The redevelopment of the St Louis Centre into a 750-space parking garage and 106,000 square foot of retail space is part of a larger redevelopment plan for a blighted three-square block area in the central business district.

Investment

NMTC Amount: $22,550,000
Total Project Cost: $30,868,549

IMPACT

5 FTE jobs
100 construction jobs
106,000 sq. ft. of real estate

CDEs

Grow America, St. Louis Development Corporation

Investor

US Bank

Project Description

The redevelopment of the St Louis Centre into a 750-space parking garage and 106,000 sq. ft. of retail space is part of a larger redevelopment plan for a blighted three-square block area in the central business district. NDC’s investment for the garage was $10.4 million and $4.6 million for the retail component.