Thursday, September 20, 2007

Site Acquisitions Stall Webster Redevelopment Plan

Efforts to redevelop a 7.5 acre site on the west end of Webster Groves have stalled due to a lack of site control. The city had established a redevelopment plan for the area and issued an RFP for developers.

One development group offered a proposal for a $51 million mixed use project, however the redevelopment has been put on hold with landowners and developers unable to reach terms on land sales. The developer does not want to use condemnation for acquisition, and would prefer site control be established by the city.

The developer's plan was responsive to the city's desire for a high quality, mixed use project. More information about the effort is available online in a this story from today's Post Dispatch.

2 comments:

Anonymous said...

Shouldn't that headline read, "Failed Site Acquisitions Stall Webster Redevelopment Plans"?

RPA-2 homeowner said...

Call Novus. They'll be happy to get the property assembled. Better use eminent domain while it's still available!