January 11, 2013 | Green Street

Green Street Development Group, led by Phil Hulse, has secured a $7 million Tax Increment Financing (TIF) district approval from the St. Louis Tax Increment Financing Commission. This funding is intended for the redevelopment of the 50-acre Carondelet Coke site at the convergence of the Mississippi River and River Des Peres. Green Street’s plan envisions transforming the vacant site into a $68 million modern business park, offering space for industrial and commercial enterprises. The project could generate 400 permanent jobs and create 620,000 square feet of new construction. Green Street is in discussions with potential tenants and aims to start construction by summer, pending final environmental approvals and additional funding. The project aligns with Mayor Francis Slay’s Executive Order 46, focusing on workforce diversity for city-subsidized projects.

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