Green Street Details Plans for Mixed-Use Armory Project, Requests TIF, Abatement

Green Street Development has detailed its plans for the long-vacant Armory in Midtown neighborhood as it seeks city support for $8M in tax increment financing (TIF). The $82.2M redevelopment plan would transform the one-time military post into a mixed-used facility including office, restaurant, and health spa, according to documents filed with the city.

A first phase would renovate the existing Armory, with a second phase would include a 90,000sf building just east of the Armory, and a separate 135-room, seven-story hotel and 300-space parking garage south of that site. The basement of the Armory, once used for tank and military truck parking, will be utilized as a parking garage.

According to documents filed with the city, Green Street is aligning an array of financing and incentives to fund the project. These include the formation of a Community Improvement District (CID), Transportation Development District (TDD), 100% tax abatement for 10yrs followed by 50% for 5yrs, almost $7M in state historic tax credits, $5M in federal historic tax credits, and $1.1M in state Brownfield tax credits. The CID and TDD allow for additional tax levies on economic activity within the development.

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The developer’s TIF Commission materials show an estimate of 700 jobs at the site with a total payroll of $33M. Listed as architects on the project are Trivers and Grice Group Architects. Green Street is seeking to acquire one additional sliver of land adjacent to the railroad yard (where the south end of the hotel and pool appear in the rendering above). It is currently owned by Union Electric, which owns the electrical station immediately south of the Armory.

Just to the north and west across Interstate 64 from the Armory, Lawrence Group’s $340M City Foundry project is moving ahead. A very early concept is being explored to reconstructed a pedestrian connection between the two projects along Spring Street. Both projects are within the boundaries of the imminent 395-acre Saint Louis University redevelopment district. To the east of City Foundry, Cortex recently unveiled its next phase of development.

foundry-armory-ped-1{conceptual pedestrian connection between City Foundry and the Armory}

Foundry11{site plan for City Foundry}

From our previous reporting: Green Street Pursues Redevelopment of The Armory, Acquires 500 Prospect

The Armory_STL_1600

nextSTL has learned that Green Street Development LLC is in active discussions with more than one potential user to repurpose the Armory building at 3660 Market Street. Several options continue to be explored, with one focus being its use as an event and performance space.

Green Street acquired the adjacent four-acre 500 Prospect Avenue site last month. It’s expected that the two properties will be redeveloped together. Custom Stone Interiors and St Louis Wood Works currently occupy the one-story warehouse building on Prospect dating from 1949.

The Armory has served numerous purposes since its completion in 1937, only becoming vacant in recent years. The building features a large arena with seating, handball courts, a 25 meter four-lane pool, underground parking, locker rooms, offices and other spaces. The Armory is quite similar to, and has seen similar uses as Armory buildings in San Francisco, Minneapolis, and elsewhere.

The Armory_interiorimage

While used for track and field, baseball practice, indoor soccer, and other activities, the post-military life of the building is best known for hosting The Grateful Dead in 1968, and being home to the hardwood indoor tennis courts where a young Arthur Ashe would hone his game.

Amazingly, five tracks from The Grateful Dead’s two shows were recorded and have been preserved. You can listen to the following here: Morning Dew, It Hurts Me Too, Dark Star, Saint Stephen, and Turn on Your Love Light. At least one image exists of Ashe at the Armory (1976):

The Armory_MartinsTake_arthur-richard-jaun

Ashe, originally from Richmond, VA, moved to St. Louis for his senior year of school, sold on the idea that the city was a more friendly place for a black tennis player to compete. He attended Sumner High School and practiced on the Armory’s indoor courts.

 

Like other Armory buildings, the St. Louis Armory was built for the military, serving as the home of the 138th Infantry. That group has a history going back as far as 1832, with iterations of the 138th participating in every major American conflict, including the Civil War. Having called the Armory home until at least the late 1950s, the 138th was officially deactivated in 2005.

The building, probably best described as being in the PWA Moderne style, was Federal Emergency Administration of Public Works Project No. 8609. When built, the Armory fronted Market Street, the busy east-west artery of a bustling St. Louis. In 1955, excavation for the Daniel Boone Expressway began, transforming Market into a highway, and eventually a double-deck Interstate.

STL Armory_Market{Market Street, looking west across Grand – a corner of the Armory can be seen at the far left}

Armory_40-64{the Armory and Highway 40/64 today}

500 Prospect Avenue_The Armory{the four-acre adjacent site at 500 Prospect Avenue}

Continue reading: Green Street Pursues Redevelopment of The Armory, Acquires 500 Prospect