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Projects worth watching in 2010
Downtown Macy’s
Bruce Development Co. and developer Rick Yackey plan to buy the Railway Exchange building at Seventh and Olive streets as part of a $112 million project to rehab the office floors of the largely vacant, 21-story structure.
Macy’s will shrink its store to the building’s three lower floors.
Company executives are mum on the remodeling’s details. But store employees say they’ve been told work will begin soon after merchandise inventory is completed this month.
Park Pacific
The Lawrence Group plans to pick a contractor this month to convert the former Missouri Pacific railroad headquarters into 230 apartments and office space.
Construction could be under way by spring, but gone is the $109 million project’s original plan of a condo tower next to the 1920s railroad headquarters. Instead, a parking garage will go up on what is now a vacant lot.
Also gone is the original plan to fill most of the building with condos, because of a dormant market.
Central Library
The St. Louis library system’s nearly century-old centerpiece downtown will close by midyear for a $74 million renovation that could last as long as two years.
The Grand Hall will be restored, but much of the rest of the building will get a gut rehab.
The remade library will have an auditorium, a cafe and a reading room with comfy seating, according to the St. Louis Library Foundation, which is raising money for the renovation.
Cass Gilbert was the library’s architect. He also designed the Supreme Court building in Washington and the landmark Woolworth and New York Life buildings in lower Manhattan.
St. Louis Centre area
The plan to reconfigure most of the former shopping mall as a parking garage should get under way this year.
The $220 million project to bolster the area near downtown’s America’s Center involves redoing the failed downtown mall, rehabbing the adjoining One City Centre office tower and putting apartments and an Embassy Suites hotel in the Dillard’s building. Construction of the Embassy Suites should begin this year.
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