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

$1.35 million in convertible debt as part of a $2 million financing round for Quick Study Radiology Inc., an information technology company that helps bring to smaller community and rural
St. Louis Community Credit Union and Prosperity Connection Launch Wealth Accumulation Center in Benton Park.
The renovation of the former Minute Circle Friendly House building located at 2405 Elmwood as well as new construction to create the JD Wagner Unit community center that houses a
Diode Dynamics, LLC, a St. Louis-based automotive lighting manufacturer and retailer, will expand its St. Charles, Missouri operations