Newspaper article St Louis Post-Dispatch (MO)

Best of Building Blocks

Newspaper article St Louis Post-Dispatch (MO)

Best of Building Blocks

Article excerpt

Highlights from our real estate and development blog.

Downtown food hall opening * A new food hall named the Eatery at the One Metropolitan Square building in downtown St. Louis opens Jan. 29.

The building owner invested $2.5 million to renovate a former ground-floor restaurant and common area into the new 9,628-square-foot dining destination. The food hall includes a 1,000-square-foot outdoor patio.

Tenants include Arista Gourmet, Dino's Deli and Kimcheese Asian Fusion, the first downtown location for each of the restaurants. The building's leasing agent, JLL, is in talks with tenants for the two remaining spaces.

The Eatery will be open from 10 a.m. to 3 p.m. Monday through Friday.

"Now workers from One Metropolitan Square and the surrounding area will get to experience the great food served by these unique restaurants," Rick Spector, senior vice president of retail brokerage JLL, said in a statement Thursday. (1/25)

Ittner rehab in the works * There's another rehab of a W.B. Ittner-designed school building on the drawing board.

This time, it's Shepard School in the Marine Villa neighborhood, right next to the Lemp Brewery complex. It was sold by St. Louis Public Schools in 2016, and a developer plans to rehab the 62,000-square-foot school, built in 1906, into 47 apartments.

Behind the project is Shariq Mansuri and his Moonlight Partners LLC, which purchased the school and adjacent lot a total of 5.2 acres from St. Louis Public Schools for $680,000. The school at 3450 Wisconsin Avenue was last used for teaching in 2009, according to the district.

His proposal is one of several that are underway or complete at former public school buildings that the district has sold off in recent years due to lower enrollment.

Clark School,at 1020 North Union Boulevard, is being rehabbed into 40 apartments; Garcia Properties remodeled the historic Gratiot School, located at 1615 Hampton Avenue; and Advantes Development has rehabbed Lafayette School in Soulard and Sherman School in Shaw.

Mansuri and Moonlight Partners are seeking 10 years of tax abatement (five years at 100 percent and five years at 75 percent) from the city to support the $4. …

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