The construction race on DeBaliviere is heating up as the three buildings under construction rise above grade. Crews are working 6 to 7 days a week to transform the former auto-oriented low-productivity land uses on DeBaliviere into CITY.
Nextstl – Forest Park DeBaliviere TOD Announced
First up is the southern building of Expo At Forest Park by Tegethoff Development (once called Pearl). The seven story building includes 163 market-rate apartments, an amenities deck with pool, 234 parking spaces, and two retail bays of 3,500 and 1,520 square feet. There will still be complementary parking for Metrolink riders.
Next is the northern building of Expo At Forest Park. It will have a grocery store. The five story building includes 124 market-rate apartments, 127 parking spaces and four retail spaces of 15,650 (grocery store), 2,359, 2,276 and 2,473 square feet.
Pearl has committed to forming a community benefits agreement with the Skinker DeBaliviere neighborhood. Expo At Forest Park received tax incentives including TIF ($12.6M), a CID ($2.8M), and sales tax exemption ($1.5M) on construction materials. Total project cost is over $90M.
Hudson by Lux Living at the corner of DeBaliviere and Pershing will be 6 stories with one level of underground parking and one level at grade plus 9,000 square feet of retail space with 150 market-rate apartments above. The same developer recently built Tribeca down the street on Pershing as well as the almost finished Chelsea. They also have 1501 S 7th street under construction in Soulard. Hudson received an 80% property tax abatement for 10 years.