December 16, 2016

$220 million 2nd phase of Ballpark Village approved

ST. LOUIS, MO, December 16, 2016 – The St. Louis Board of Aldermen today approved plans for a $220 million, 550,000 square foot second phase of Ballpark Village which will include the construction of a 29-story high-rise residential tower, the first new Class-A office building built in downtown St. Louis in nearly thirty years, and additional retail, restaurant and entertainment space. 
 “We are grateful for the city’s leadership on this project and are very excited to get started with the second phase of Ballpark Village,” said Bill DeWitt III, President of the St. Louis Cardinals. “We appreciate the city’s willingness to work with us to help make our shared vision of a world-class, mixed-use neighborhood next Busch Stadium a reality.”   
“This is a great day for the city of St. Louis, our region and especially downtown St. Louis,” said 7th Ward Alderman Jack Coatar who sponsored Board Bill 172. “The construction of phase two will truly bring the ‘village’ to Ballpark Village, ensuring that it is a vibrant neighborhood where people live, work and play.  I’m excited to see both the construction of a high rise residential tower downtown and the first new Class-A Office building in downtown St. Louis since the late 80s."
The second phase of Ballpark Village will complete a full build-out of Clark Street with a 29-story glass and steel residential apartment tower on the east end, and a large Class-A office building on the west end, as well as additional retail and entertainment in between, transforming Clark Street into one of the most unique city streets in all of major league sports.  The project is targeted to open in 2019.
The residential apartment tower will be a modern, 29-story, 230 foot tall, luxury high-rise apartment building at the corner of Clark and Broadway that will offer views of the Gateway Arch, the Mississippi River, the St. Louis skyline, and unobstructed views directly into Busch Stadium. 
The Class A office building at the corner of Clark and 8th Street will sit right across from the bronze statues on the NW corner of Busch Stadium, and will also include structured parking below, and street level retail and restaurants.  It will be the first “new construction” office building built in downtown St. Louis in more than a generation (Metropolitan Square opened in 1989).
Also in Phase II will be a signature two-story retail marketplace and entertainment venue overlooking the existing Busch II Field, the signature “open space” of Ballpark Village.  The marketplace will include diverse food options and other amenities to support the new office and residential tenants in the project.
“We are very fortunate to have received consistent support from St. Louis leaders,” said Chase Martin, Project Manager for Ballpark Village.  “We are looking forward to delivering on a project that will be unlike any other project in the country and undoubtedly the envy of many other communities.”
The second phase of Ballpark Village is projected to generate millions in additional tax revenue for the city of St. Louis, the St. Louis Public School District, and the state of Missouri.  Just as the first phase of Ballpark Village created more than 1,000 construction jobs and 1,700 permanent new jobs when it opened, the second phase of Ballpark Village stands to create 1,500 construction jobs and more than 1,000 permanent new jobs. 
Hundreds of fans have signed up for information about the residential units within the signature BPV² high rise building that will offer views into the ballpark.  The team is also fielding inquiries from potential office tenants interested in moving to downtown St. Louis to be within the first new class-A office building to be built in downtown St. Louis since Whitey Herzog managed the team.