- September 5, 2018
- Posted by: SportsV
- Categories: Home News, Industry News, News, Press Releases
The next phase of work sanctioned by the MLB’s Cardinals encompasses US$260m worth of mixed-use development around Busch Stadium.
Contractors have broken ground on the US$260m, second phase of Ballpark Village, an entertainment hub and mixed-use complex next door to the St. Louis Cardinals’ Busch Stadium in downtown St. Louis, Missouri, according to Fox 2 Now.
The first project of the 550,000sqft expansion, which dwarfs the 100,000sqft first phase, is a US$65m Live! by Loews hotel, which will create a new dining and entertainment district across the street from the stadium. The complex will feature hundreds of guestrooms, meeting and event space, outdoor amenity areas and first-floor dining and entertainment venues.
The hotel, a partnership between the Cardinals, developer The Cordish Companies and Loews, will employ a 49% minority workforce.
The second phase of Ballpark Village will also include a 29-storey, 230ft-tall luxury apartment tower from which residents will have views into Busch Stadium and of the Gateway Arch; a Class A office building with street-level retail and dining; and a two-storey marketplace. The office building will be the first new construction of its kind since 1989.
Cordish has a hand in other entertainment and mixed-use projects, some part of major sports venues and others adjacent to them. The company is part of a $2.5 billion mixed-use district along the St. Johns River in Jacksonville, Florida, a project that developers will position between the river and the Jacksonville Jaguars’ stadium. The more than 4-million-square-foot complex will feature hotel, convention, residential, retail, entertainment and office space, but Cordish said the entire buildout could take as long as a generation.
Back in November of 2017, Cordish also announced that construction on its $600 million Live! Casino and Hotel Philadelphia development in South Philadelphia was slated to begin in 2018. In January, according to the Philadelphia Business Journal, the company bought a US$37m, 9-acre parcel near the city’s major sports venues. Cordish plans to renovate an existing Holiday Inn into a boutique hotel with 200 rooms and is redeveloping a neighbouring building into a casino. The development will also include entertainment and dining space.
The Texas Live! complex, next to the future US$1.1bn home of the Texas Rangers’ Globe Life Field, opened August 10. The $250 million project includes 200,000sqft.
Source: constructiondive.com
