A $350 million Clayton mixed-use project is expected to break ground in late spring 2014. The multi-phase project is being spearheaded by Chesterfield-based real estate firm GTE Properties and HDA Architects as the design lead. The Crossing in Clayton transit oriented development project is adjacent to the Clayton Central Avenue MetroLink stop. It is bounded by Meramec Ave. on the west, Bonhomme Ave. on the north, Central Ave. on the east, and the 1280-space Shaw Park Municipal Garage to the south.
The first phase will cost $70 million and feature construction of a 24-story luxury apartment tower. The building will include 255 rental units, and be developed at the southeast corner of Bonhomme and Meramec Ave. The Crossing in Clayton is aiming to offer an urban setting and closeness to mass transit to attract professionals, corporate travelers, and students seeking the flexibility and advantages of renting.
Initial occupancy is currently scheduled for early January 2016. Now Bi-State Development Agency CEO, John Nations commented several years ago while at the law firm Armstrong Teasdale LLP that a proposed project at this site, “will benefit the entire St. Louis metropolitan region by fostering and accelerating transit ridership goals of Metrolink.” The development site is adjacent to Forest Park Parkway, and ¼ mile east of I-170 making for easy access to the metropolitan area. Downtown St. Louis and Lambert-St. Louis international Airport are both within 15-minutes of The Crossing in Clayton.
GTE and Chicago-based development firm CA Ventures have been in talks with the City of Clayton to make sure the project meets land use goals recently adopted by the city. “This will be the Chicago firm’s first project in the area,” said Executive Vice President Jerry Crylen who leads investment, development, and acquisition of CA Ventures multi-family practice. Formerly, Crylen lead Duke Realty Corporations St. Louis office chaired the Urban Land Institute’s St. Louis District Council.
{$350M The Crossing in Clayton development site outlined in blue, Phase I in yellow}
{streetview of Meramec at Bonhomme, site of Phase I}
