Work begins on mixed-use project in Brentwood
By Eric Heisler
ST. LOUIS POST-DISPATCH
10/27/2005
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MLP Investments has begun work on one mixed-use project in Brentwood while backing away from another.
The Frontenac-based developer has started site work for Hanley Station, a $45 million development that will bring condominiums, apartments, shops and restaurants to the former industrial site. Construction will begin next year, a Brentwood official said.
But MLP has decided against pursuing a second, larger development next door that would have added a theater and other amenities to the area.
"They were having trouble acquiring the land at a price that would have made it work," said City Administrator Chris Seemayer. "The land costs would have been too high, so we asked them to drop it."
MLP declined to comment.
MLP is known for its New Urbanism-style developments, which mix residential units and retail space. Its projects typically rise on underutilized sites in the older suburbs of St. Louis County.
In Kirkwood, MLP built Station Plaza - a mix of condos, apartments, restaurants and retail - on the site of a former Target store. And in Creve Coeur, MLP is in the early stages of building 157 high-end apartments atop restaurants and shops.
In Brentwood, Hanley Station will be part of a fast-changing landscape around Hanley Road that was once mostly residential, but now includes a Wal-Mart store and other big-box retailers. MLP's project will be across the street from the Wal-Mart.
MLP recently demolished two warehouses on the 6-acre site, including one vacant building that was formerly operated by Serta Mattress Co., Seemayer said.
In its place, MLP will build 180 condo and apartment units, along with four restaurants and an additional 25,000 square feet of retail space.
MLP expects to begin construction in early 2006, Seemayer said. As part of the project, MLP also agreed to spend $2 million to extend Strassner Road to Hanley Road, he said.
Seemayer said Brentwood was looking for a mixed-use development for this site because the city already has added several shopping venues.
"Big retailers are very important in terms of adding revenue and of offering shopping avenues for our residents," he said. "But we want to keep a good balance, too. I think this is more along the lines of what we'd like to see in future developments."
The site where Hanley Station will rise is a corner of Hanley Industrial Court, an early suburban industrial park that was built in the 1950s. Rising vacancies caused the city to seek redevelopment that was to include additional phases.
A second phase would have added the cinema and a themed restaurant "like Dave & Buster's," Seemayer said.
But when some landlords began holding out for a better offer for their property, the city balked at the second phase, Seemayer said.