Newspaper article St Louis Post-Dispatch (MO)

Galleria to Get New Neighbors: Four Buildings

Newspaper article St Louis Post-Dispatch (MO)

Galleria to Get New Neighbors: Four Buildings

Article excerpt

Within two years merchants will be selling upscale products from four new buildings across Brentwood Boulevard from the Galleria, say the developer of the project and Richmond Heights officials.

Last week, the City Council tentatively agreed that the John Buck Co. of Chicago would be the developer of an area generally between Galleria Parkway, Interstate 64, Interstate 170 and Brentwood Boulevard.

The opening of the stores depends on the speed of working out details and acquiring property, the developer and city officials said. Construction would take about a year, said Greg Merdinger, project manager for the Buck Co.

The plan calls for Buck to build four store buildings along Brentwood Boulevard, ranging from 37,000 to 55,000 square feet. Three of the buildings would have two stories. More than one store might be in each building.

"We're encouraging the developer to use as much square footage as possible" for stores, said Richmond Heights City Manager Carl Schwing.

A reflecting pool would be between the southernmost building and the one to its north. A parking structure that could hold up to 1,500 vehicles would be built behind the stores. Part of the driveway to the structure would form a bridge over the reflecting pool.

Merdinger said the stores could sell clothing, children's products and household goods. Sit-down restaurants also will be included in the project, he said.

The development will aim for stores of a style similar to those in shopping malls, but with more space than a mall can provide, Merdinger said.

Buck has not signed up any tenants, he said, but he is negotiating with several.

The development could cost up to $50 million, Merdinger said.

Schwing said the city did not know the amount of financing needed for the project through the city's tax increment financing district. The amount could reach $20 million. …

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