September 4, 2015 | Green Street
Green Street Development is progressing with the redevelopment of the former Carondelet Coke site in St. Louis, which will now be called River City Business Park. The project will see the construction of up to 700,000 square feet of manufacturing, warehouse, and office space on the 54-acre site. The site had to undergo extensive environmental cleanup at a cost of $13.2 million, primarily covered by brownfields tax credits from the state of Missouri. The first building of 125,000 square feet is set to be completed next year. The project is financed by a combination of tax-increment financing, private equity, and New Markets Tax Credits.
