ST. LOUIS-After six years of planning after Busch Stadium opened, a partnership of the St. Louis Cardinals and the Baltimore-based Cordish Cos. are about to start work on the $550 million Ballpark Village. A few restaurants, led by Anheuser-Busch, have signed to anchor the $100 million first phase.
Some form of the project was promised by the partnership when the stadium was built, but economic pressures and a lost tenant held off the project. Stifel Financial Corp. had planned to anchor an office portion of the seven-city-block Village. However, the company pulled back and instead purchased its current headquarters.
Blake Cordish, VP for the family-run firm, tells GlobeSt.com that signing Stifel would have been a bonus anyway. “Had we gotten there, it would have been the equivalent to starting two phases at once,” he says. “It’s reality, there’s not a lot of new headquarters construction, and they were able to get their own building for a discount.”
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