St. Louis Real Estate Market Poised for Growth in 2023
Development Updates in St. Louis:
Real estate developers are breaking ground on several projects that will expand upon and transform St. Louis’s infrastructure over the next decade. From mixed-use projects along the Missouri river to plans for a 20-mile greenway, here’s a look at the projects real estate developers should be aware of in St. Louis this year and beyond.
St. Charles’ Riverpointe Development
Clayco is continuing the development of a new mixed-use project aimed at transforming the riverfront property along the Missouri river. The project will include the addition of parking, retail, restaurants, office space, multifamily developments, and entertainment - such as a Chicken N Pickle pickleball facility - to the area. Developers are hopeful that it will turn a flood-prone commercial and residential space into an attractive destination for visitors and residents and bring approximately 4,000 new job opportunities to the area.
Brickline Greenway Project
Great Rivers Greenway is working on a project that will connect 17 neighborhoods and span up to 20 miles of pathways. Named the Brickline Greenway, the project will include a trail and various amenities and is expected to take five to ten years to complete.
39 North Agtech Innovation District
A 600-acre agriculture technology innovation district built by Creve Coeur’s just celebrated its five-year anniversary. Over $60 million has been invested in the district’s infrastructure to date, and there are plans for the addition of multiple mixed-use developments in the years to come.