ST.LOUIS, MI-Locally-based Pace Properties is proposing to develop a retail complex of big-box stores at what is now a shuttered auto parts plant here.
The Midtown Station Project will be built on Forest Park Avenue at the former Federal-Mogul auto brake parts plant near St. Louis University that has sat idle for six years.
The site plan for the venture shows five stores in four buildings, according to the St. Louis Post-Dispatch. Projected store sizes range from 11,000 to 80,000 square feet in the 166,000-square-foot development.
Commenting on the Midtown Station Project, Steve Heitz, vice president of development for Pace Properties, says, “It's a property we've looked at for quite some time. Now is the time for retail development.” Heinz adds that the project will be financed by Pace Realty Investors, an affiliated real estate investment fund. See story in the St. Louis Post-Dispatch.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
