Newspaper article St Louis Post-Dispatch (MO)

University City Wants Land Back after Senn Bierwerks Deal Died

Newspaper article St Louis Post-Dispatch (MO)

University City Wants Land Back after Senn Bierwerks Deal Died

Article excerpt

University City is fighting a developer in court to win back a patch of ground on Olive Boulevard where it once hoped a brewery would sprout.

The deal for the Senn Bierwerks brewery went flat a year ago, but not before University City had sold the ground to developer Tim O'Donnell.

O'Donnell was to be the landlord and partial investor in the brewery planned by Dustin and Kristen Chalfant and James Hellmuth. But the brewery partners said in June they couldn't reach a deal with O'Donnell and plans for the brewery died.

University City had assembled the parcels a decade ago for about $860,000 and paid to demolish the site's rundown buildings, including the Arcade Lanes bowling alley that burned in 2003 after 60 years in business.

It issued a request for proposals to develop the site in 2015, and in April 2016, the Senn Bierwerks plan was announced. University City agreed that month to sell the roughly two acres at the northeast corner of Olive Boulevard and North and South Road to O'Donnell for $100,000.

But in an October lawsuit, the city says O'Donnell breached the terms of its agreement by not completing any of the commercial development by May 2017, a year after the sale closed.

"Our interest is in seeing a quality development there," said University City Manager Gregory Rose, who was hired following the property deal and the lawsuit's filing. "We're sorry that it didn't work out but we certainly believe that the property is the people's property so we're working very hard to try and get control of that property and ownership again."

The problem is that University City's April 2016 agreement with O'Donnell doesn't include a buyback provision, something the city says in court filings was the result of "mistake or inadvertence." Nor does it include a right of reversion, which gives the city an interest in the property so it can buy it back. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.