Pearl Real Estate Companies has put forth a proposal that includes three separate buildings that would transform Metro Transit’s former passenger drop-off area and Park-Ride lot, as well as the retail property north of the transit center.
At its November 16 meeting, the Bi-State Development Board of Commissioners approved proceeding with the project conditioned upon the developer securing all the needed approvals, including from the City of St. Louis, surrounding neighborhoods and the Federal Transit Administration.
“As a catalyst for economic development, Metro Transit helps strengthen the community and improve the quality of life for everyone in the St. Louis region,” said John Nations, President and Chief Executive Officer of Bi-State Development. “We are excited to partner on a project that will completely transform the area around one of Metro’s most popular transit centers and bring new resources and amenities to the Skinker-DeBaliviere neighborhood.”
The development includes 265 residential units, 33,888 square feet of ground-floor retail, streetscape and public space improvements, and up to 342 parking spaces. The Metro Transit Park-Ride lot will include a six-story building with 108 apartments, and nearly 13,000 square feet of ground floor retail. There will be streetscape and pedestrian amenities, including public art. The former passenger drop-off area will be the location of a five-story building with 51 apartments and 5,000 square feet of ground floor retail. Finally, the retail center north of the Metro Park-Ride lot will have a four-story development with 106 apartments and 16,000 square feet of ground floor retail.