Lawrence Group confirmed today that Alamo Drafthouse, a movie theater with higher-end amenities will, as previously reported, anchor the City Foundry project along with Punch Bowl Social, an “eatertainment” concept combining arcade gaming, virtual reality, bowling and karaoke with dining and cocktails, and Fassler Hall, a “German-inspired beer hall.
None of these establishments currently have a St. Louis outpost, making this the first foray into the region for each of them. These tenants amount to 40% of the first phase of the project. In addition, the Lawrence group says that another 30% of the space is committed to retail and office tenants for a total of 70% preleased.
The three tenants announced today are leasing space outside the previously-covered “food hall” area, which is being reserved for local St. Louis culinary vendors.
CBRE represented Lawrence Group in lease negotiations with the new tenants and are leasing the balance of City Foundry STL’s retail space. City Foundry STL’s first phase is planned for 122,000 sq. ft. of restaurant and entertainment space, roughly 105,000 sq. ft. of shops and 111,000 sq. ft. of offices.
Lawrence Group is the architect, with construction management performed by S.M. Wilson, and financing is provided by CIBC Bank. Colleen O’Neill has been hired as Managing Director of the project responsible for overseeing marketing, operations, and management.
