Today, the Gateway Arch Park Foundation announced that they selected the Cordish Companies to redevelop the site of the vacant Millennium Hotel at 200 South 4th Street. The Millennium has been vacant since January 2014 and has been an eyesore in recent years. Cordish's plan calls for a 1.3 million square foot mixed-use development with a 45-story apartment tower, a 14-story office tower, retail restaurants, a food hall, amphitheater, and public space. Clark Avenue will be connected to Memorial Drive from 4th Street via a pedestrian plaza.
The tower is the tallest building proposed in the City of St. Louis in decades. The entire development has an unobstructed view of the Arch, Park, and River.
The current estimated cost is $670 Million.
The proposal will go before the City's LCRA Board next week, kicking off the approval process. Further reviews in front of the City's Preservation Board and the Board of Adjustment (for variances) are expected. The Board of Adjustment will almost certainly need to approve of a variance in height as a height limit of 300ft+/- is established in the area bound by Chouteau, Broadway, and Carr.
Cordish is familiar with St. Louis and this particular area of Downtown. They've been linked up with the Cardinals for over 20 years at this point with the Ballpark Village development just one block west. That project is still only half finished, but rumors continue to abound that a 3rd phase (featuring a new office building and a 2 Cardinal Way apartment tower) is in the later stages of planning and could be announced this year. The renderings of 200 South 4th show a very basic outline box for a potential 2 Cardinal Way.
City leaders are expected to rush this one through the approval process because of how badly the City wants the Millennium Hotel to go away.
https://www.cityscene-stl.com/post/mille...d-with-670-million-mixed-use-development
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