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FOR IMMEDIATE RELEASE
CULLINAN PROPERTIES CHOSEN AS DEVELOPER OF NEW MIXED-USE DEVELOPMENT
IN HEART OF ST. LOUIS
(PEORIA, IL – March 13, 2019) Cullinan Properties, Ltd. is pleased to announce it has been selected by Saint Louis University (SLU) through a competitive process to acquire the rights to purchase and develop a 14-acre site at the intersection of Grand Boulevard and Chouteau Avenue.
A new 850,000 SF mixed-use development is planned for the site, which is adjacent to the new SSM Health Saint Louis University Hospital currently under construction and scheduled to open in Spring 2020. The 14-acre site at the prime intersection with easy access to I-64 and I-44 will offer a mix of retail, entertainment, restaurant, office, hotel and residential to the exciting new Prospect Yards district of Midtown.
Located in an area of rapid urban development, the project will help connect Saint Louis University’s north and south campuses, becoming the central commercial development for Midtown St. Louis and SLU’s 25,000+ person institution. The project will connect the campuses with gathering space and event programming, providing needed amenities for university students and staff, as well as the general population and area workforce. Midtown St. Louis is the fastest growing region in the metro area with the ongoing successful development of the adjacent Cortex neighborhood as well as the current developments of The Foundry, The Armory, Chroma, and Steelcote Lofts.
“As a premier Jesuit university with a large urban campus, SLU has long served as a catalyst for progress in the city we proudly call home,” said Saint Louis University President Fred P. Pestello, Ph.D. “This investment by Cullinan Properties will transform an empty lot into a unique and lasting development that will serve the SLU community and our neighbors for many years to come. This is yet another significant investment in St. Louis, further accelerating the dynamism taking place in the central corridor.”
“We are excited about this tremendous opportunity and how this new development will complement the booming Prospect Yards corridor and also add to what St. Louis has to offer its visitors and residents,” said Christopher M. West, Partner and CEO for Cullinan Properties, Ltd. “We look forward to developing something that will make both SLU and St. Louisans proud,” stated West.
Cullinan Properties is partnering with BatesForum and Clayco for design-build services and Stock & Associates Consulting Engineers, Inc. for civil engineering services. Jim Loft, Carrie Hermann, and Justin Moses of Colliers International have been selected to lead the office leasing for this project while Patty Kueneke and Kathleen Cullinan Brill of Cullinan Properties will handle all other leasing inquiries.
The project is designed with connectivity in mind, and will be part of the Chouteau Greenway, an active and growing area in St. Louis connecting the Gateway Arch to Forest Park. With a direct connection to the Chouteau Greenway, the site can be accessed by walking and biking trails, as well as the nearby Grand MetroLink Station and area bus stops.
About Cullinan Properties
Cullinan Properties, LTD. is a leading provider of real estate services specializing in commercial and mixed-use developments and acquisitions. With offices in Peoria, IL, Chicago, IL and St. Louis, MO, Cullinan Properties is a multi-disciplined real estate firm that develops, manages and owns mixed-use, retail, multi-family, office, governmental and medical properties throughout the United States, including Illinois, Missouri, Michigan, Georgia and Texas. For additional information about Cullinan Properties, Ltd., visit CullinanProperties.com.
About Saint Louis University
Founded in 1818, Saint Louis University is one of the nation’s oldest and most prestigious Catholic institutions. Rooted in Jesuit values and its pioneering history as the first university west of the Mississippi River, SLU offers nearly 13,000 students a rigorous, transformative education of the whole person. At the core of the University’s diverse community of scholars is SLU’s service-focused mission, which challenges and prepares students to make the world a better, more just place.