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BVDC – St Louis Ballpark Village Mixed-use Development – Missouri - Project Profile

BVDC – St Louis Ballpark Village Mixed-use Development – Missouri - Project Profile

Synopsis

"BVDC – St Louis Ballpark Village Mixed-use Development – Missouri - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "BVDC – St Louis Ballpark Village Mixed-use Development – Missouri - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Ballpark Village Development Corporation (BVDC), a limited partnership between the St. Louis Cardinals and The Cordish Companies, a Baltimore-based developer is undertaking the St. Louis Ballpark Village mixed-use project in Missouri, the US.

The project involves the construction of a mixed-use facility on 4ha of land. The project is being executed in two phases.

The first phase of the project includes the construction of three-story retail and entertainment complex over an area of 9,290m2; Cardinals Hall of Fame, a team themed restaurant with 12m led screen at north of Busch Stadium; ticketed seating decks with views directly into the stadium; a Budweiser Brew House, and an outdoor entertainment Plaza.

The US$220 million second phase includes the construction of the 51,096m2, 29-story, 70.1m tall glass and steel residential apartment tower with 300 residential units with 1,393.5m2 two-story retail marketplace on the ground floor, restaurant, and 929m2 public market.

It also includes construction of 10-story mixed-use building on the westernmost portion with 9,290m2 of Class-A office space, 200 hotel rooms, and ground floor retail.

Paric has been appointed as general contractor for the first phase.

In January 2009, the board's Housing, Urban Development & Zoning Committee approved subsidies of up to US$188 million for the project.

In December 2010, the process of developing the project restarted and in January 2011, the City's Missouri Downtown Economic Stimulus Authority (MoDESA) approved the Ballpark Village Development Plan and advanced the project to the St. Louis Board of Aldermen.

In May 2012, the developers announced new plans for the first phase of the project.

The project is planned to be financed by state and local subsidies and purchase of the public bonds.

In March 2014, the construction works on the first phase completed.

In October 2016, BVDC unveiled plans for the second phase.

On December 13, 2016, BVDC filed the bill to the city of St. Louis to amend the existing development agreement that enabled the first phase of Ballpark Village.

On December 16, 2016, BVDC secured approvals for the US$16 million in tax incentives from the council. Bill also includes 1% sales tax on purchases made within Ballpark Village.

Hord Coplan Macht is undertaking planning and design work for the project.

BVDC is planning to use the taxes generated by the first phase, in addition to private equity and debt investments, to finance the second phase of the project.

Site preparation works for the second phase are underway.

Construction activities are slated to commence in the first quarter of 2018 and scheduled to be completed in 2020.

Scope

The project involves the construction of a mixed-use facility on a 4ha of land at 601 Clark Avenue in St. Louis in Missouri, the US.

The US$650 million project includes the following:

1. Construction of 9,290m2, three story Cardinals Hall of Fame Museum

2. Construction of Cardinals Hall of Fame, a team themed restaurant

3. Construction of ticketed seating decks

4. Construction of a Budweiser Brew House, and an outdoor entertainment Plaza

5. Construction of parking facilities

6. Construction of 300 residential units

7. Construction of other related facilities

8. Construction of 9,290m2 Class-A office space

9. Construction of retail facilities

10. Construction of 200 hotel rooms

11. Construction of other related facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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