Mercantile Exchange

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

Investor

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.

MAP

Address: 515 North Sixth Street, Saint Louis, MO 63103

Census Tract: 29510127400

Other Missouri Projects

The substantial rehabilitation of The Post-Dispatch Rotogravure Building (also known as the Crescent Parts Building) which is a 4-story building located in the heart of the Center for Research Technology
Construction of a new 21,000 square foot office as well as a new service facility, opening up opportunities for even more expansion of the already growing business.
Financing of a historic 110,000 sq. ft. warehouse into mixed use apartments and retail.
NMTC financing supported the Stereotaxis project.