$22 million Chouteau Crossing development progresses

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Construction of the $22 million Chouteau Crossing project at the NE corner of Chouteau and South Jefferson is finally showing some real progress. The long-neglected warehouse, located on the southern border of Downtown, just north of Lafayette Square at 2301 Chouteau, went under construction April 1010 . Clayton-based Green Street Properties LLC is handling the project, which will see reuse of the former warehouse on the site as a renovated as mixed industrial and office, green facility. Roughly 3/4 of the exterior shell is now in place, as well as 4 wind turbines and much of the parking lot.

Here are a few details from about the project from Green Street:

Chouteau Crossing is a $22 million redevelopment of a former industrial building at the northeast corner of Jefferson and Chouteau. Dynalabs will occupy 23,696 square feet of the 33,445 square foot Building #1 and Sheet Metal Workers Local 36 will occupy the full 96,023 square feet of Building #2. Dynalabs space is LEED Registered, tracking for Certified while the Sheet Metal Workers Local 36 building is LEED Registered, tracking for Platinum.

A few of the key features of the Local 36 building will include the following:

Low flow urinals, dual flush toilets, faucet sensors

Water efficient landscaping (No potable water use)

Roof rain water collection/irrigation cistern system

Stormwater quantity control (green roof & Roof rain water collection/irrigation cistern system)

Stormwater quality control (parking pavers)

Light colored paving material (> or = .29 SRI, more than 50% site hardscape)

Light colored metal roofing (> or = .29 SRI) and green roof

Cutoff light fixtures to minimize light pollution

30% Reduction energy (Whole building energy simulation per ASHRAE/IESNA Standard 90.1-2004)

On-site renewable energy (Solar voltaic panels, wind turbines, and geo thermal system, solar domestic hot water systems)

Most people don’t even realize that the section of property between Interstate-64 and Chouteau is part of Downtown, but it is nice to see the area receive some significant attention. Other than pipe-dream projects like Chouteau’s Lake, this is the first significant project even discussed for the area in some time. For more information, check out leasing information from Green Street Properties or this Post Dispatch article on the topic. You can also get a glimpse of the project’s progress in photo gallery below.

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1810 and 1816 Thurman in the Shaw Neighborhood

Pevely Dairy Complex bought by SLU

Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.