The Arcade Building was constructed in two stages beginning in 1909 and 1919. While it hosts one of St. Louis’ largest collections of Gothic Revival features, the building takes its name from a striking two-story arcade with a rib vaulted ceiling that runs through it connecting Olive and Pine streets. This arcade functioned as an indoor shopping street, and was unique among St. Louis skyscrapers. Whereas earlier arcades employed natural lighting, this arcade utilized electric lighting which allowed an office building to be constructed above. Unfortunately, due to a number of factors, the building fell out of use and was ultimately abandoned by the 1980s.
The 19-story building contains mix-income housing units and space for education and commercial tenants. A satellite campus for Webster University, occupied by its fine arts department, comprises the building’s first three floors. The upper floors are dedicated to residential uses. This includes 282 rental units of which 80 are market rate and the remaining 202 are targeted to households with incomes at 60% or less than the area median income.
The project is located within the Downtown Development District and received near universal support from the City of St. Louis, who recognized the project’s potential to promote and support new development in its downtown core and attract new people and businesses.
The rehabilitation of the Arcade Building produced a total of 180 construction jobs, all of which paid union wage rates. Women- and/or minority- owned firms were pursued throughout construction and captured 20% of construction contracts. Over 30 full-time equivalent positions were created and/or retained supporting building maintenance and the lead tenant, Webster University. The residential component delivered 282 mixed-income units, of which 72% are affordable. The project also provides 50,000 square feet leased at below market rates to Webster University, serving over 400 students annually.
Finances the rehabilitation of a 278,000-square-foot building. Partnered with HOK, our intentions focus on restoring the characteristics of the neighborhood through activating the streets and spaces with the new Transit-Oriented ... Read More
The Project involves financing the purchase and rehabilitation of a former firehouse. The building will be used as the office space for the borrower's engineering firm, Interpres Building Solutions. The ... Read More
NMTC financing supported the 150,000 SF expansion of a manufacturing facility and storage facility, as well as equipment purchases for additional assembly line and product storage. The project is needed ... Read More
Renovation of a center of creative arts that provides programming to engage, develop and educate people of all ability levels and backgrounds. This center services more than 50,000 people each ... Read More
Duncan Biotech Center (the “Project”) is the substantial rehabilitation of The Post-Dispatch Rotogravure Building (also known as the Crescent Parts Building) (the “Building”) which is a 4-story building located in ... Read More
The project includes the construction of a new 28,300 sf early child education center for Emmanuel Family & Child Development Center (EFCDC) adjacent to its prior location in Kansas City, ... Read More
High tech research has found a home at the Roy Blunt Jordan Valley Innovation Center (JVIC). This former MFA milling facility has been transformed into a seven-story state-of-the-art research facility ... Read More
Guardian Angel Settlement Association (GASA) requested these funds to support the development of a new Social Services Center at 3300 South Jefferson in the Benton Park neighborhood. The total project ... Read More
The project consist of building a dining hall, learning center, cabin for staff, washhouse for campers, dam repairs, and an upgrade to the health lodge. Sherwood Forest is an independent, ... Read More
Description The Marquette Tech District project involved the adaptive-reuse of two historical buildings that were renovated into a tech-powered business incubation center and a Marriott Courtyard hotel in Cape Girardeau, ... Read More