CRE X Missouri

S.M. Wilson closes construction agreement for City Foundry STL

S.M. Wilson closes construction agreement with City Foundry STL,ph01

Steve Smith, principal owner of City Foundry STL, on July 16 closed a master construction agreement with S.M. Wilson for the first phase of the St. Louis-based mixed-use development.

City Foundry STL is the adaptive reuse of the former 10-acre Century Electric Foundry complex in St. Louis’ Midtown neighborhood.

The agreement covers the construction and renovation of six buildings, improvements to the 10-acre site and construction of more than 60 tenant spaces. The agreement is expected to exceed $100 million when all packages are released.

Smith, along with London-based Caparo, are the principals in the City Foundry STL development. Phase 1 of the development includes 338,000 square feet of office, retail, entertainment and food tenants. Lawrence Group is the architect.

Work will begin immediately at the site. There will be multiple opening dates for the project, with some tenants opening in mid-2019 and others in early 2020.

The initial tenant mix at the development includes Austin, Texas-based Alamo Drafthouse Theaters, Denver-based Punch Bowl Wocial and Tulsa-based McNellies Group.