Long-vacant Millennium Hotel site slated for major redevelopment in Downtown St. Louis

The long-vacant Millennium Hotel site in downtown St. Louis is set for a $670 million redevelopment led by The Cordish Companies, the developer behind Ballpark Village. The Gateway Arch Park Foundation has selected the firm to transform the property at 200 S. 4th St., adjacent to the Gateway Arch.

The 1.3 million SF project will include a mix of residential, office, retail, and public spaces aimed at revitalizing the area. Plans call for a 41-story residential tower with 600 apartments, a 10-story office building with 250,000 SF of Class A office space, a 35,000 SF food hall, and a 60,000 SF Arch archive. Additional features include an amphitheater and improved streetscapes designed to enhance pedestrian connectivity between key downtown landmarks, including the Gateway Arch grounds, Kiener Plaza, and Busch Stadium.

The site has remained vacant since the Millennium Hotel closed in 2014. Its redevelopment is expected to inject new energy into downtown St. Louis, spurring economic growth and reinforcing the city's position as a business and entertainment hub.

The project has received initial authorization from the Land Clearance for Redevelopment Authority, allowing the Gateway Arch Park Foundation to acquire the property from its current owners. A construction timeline has not yet been determined, but the redevelopment plan is expected to go before the Board of Aldermen in April for review and approval.

Cordish's involvement further solidifies its investment in St. Louis, expanding on its previous work with Ballpark Village. The project is expected to serve as a catalyst for additional development efforts downtown, marking a new chapter in the city's ongoing revitalization.

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St. Louis riverfront set for major redevelopment with $1.2 billion Gateway South project

Cushman & Wakefield has been tapped by St. Louis-based Good Developments Group to market the industrial segment of Gateway South, a sweeping $1.2 billion redevelopment initiative aimed at revitalizing 100 acres along St. Louis' riverfront. The master-planned district, envisioned as a hub for innovation in construction and design, seeks to attract industry leaders through ownership, leasing, and build-to-suit options. The project is slated for a 2025 launch.

Executive Director Tripp Hardin, SIOR, and Director Keith Ziercher, CCIM, from Cushman & Wakefield, will lead outreach efforts for Gateway South, emphasizing the site’s logistics advantages and its unique positioning in the heart of St. Louis. Strategically located just south of the Gateway Arch National Park, this historic site was once a bustling industrial and trade zone, thanks to its proximity to the Mississippi River and central geography. Today, it remains ideal for diverse industrial applications, offering multimodal logistics access via river, road, and rail, plus attractive economic incentives.

The development’s vision is to create a dynamic, integrated district where the city’s existing strength in construction and advanced manufacturing can flourish. St. Louis already boasts a high per-capita concentration of talent in these sectors and the area’s affordability and quality of life position it to attract new talent while retaining its workforce. By clustering industrial, commercial, and residential spaces, Gateway South aims to foster an innovative ecosystem where collaboration across sectors can drive efficiencies and sustainability solutions critical to meeting both housing and environmental needs.

The partnership between Good Developments Group and Cushman & Wakefield combines local insight with a global platform, aiming to draw prominent manufacturers and suppliers in the building industry. This effort not only positions Gateway South as a transformative asset for the downtown riverfront but also as a catalyst for economic growth throughout the St. Louis region.

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Header image: A rendering of Good Developments Group’s $1.2 billion project to redevelop approximately 100 acres on the St. Louis riverfront. Image courtesy of Cushman & Wakefield

Mission Rock Residential rolls into Soulard

Hamilton Zanze, a San Francisco-based real estate investment firm and new owner of Soulard Icehouse and Steelyard Apartments, has named Mission Rock Residential as the new property manager of the two communities --now jointly operating as Steelyard Apartments.

“Steelyard and IceHouse provided an attractive opportunity to buy a new property in the up-and-coming neighborhood of Soulard. The property features a robust amenities package, prime location near downtown St. Louis and offers residents the quality of life provided by the city’s energetic urban core," said David Nelson, Hamilton Zanze’s managing director of acquisitions.

Developed by Lux Living, the now combined Class-A, mid-rise community offers a mix of luxury studios, one-, two- and three-bedroom units averaging 784 SF in size. Amenities include, Nest thermostats, keyless entry locks and package delivery lockers.

Shared community amenities include a rooftop deck, a saltwater pool with sun deck, a pet park and spa, a karaoke lounge, two state-of-the-art fitness centers and more - all located in close proximity to the Mississippi River, providing views of the river and the famed Gateway Arch.

“By combining these two apartment communities under one consistent name, Mission Rock hopes to establish cohesiveness and a strong sense of community with its residents between the two buildings. The impressive amenities and historic roots make us confident that current and future residents will continue to experience tremendous benefits in this already-desirable neighborhood in St. Louis," said Patricia Hutchison, president of Mission Rock Residential.

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About Soulard: One of the oldest communities in the city, Soulard today is a largely residential neighborhood with many businesses including restaurants, bars and the North American headquarters of Anheuser-Busch.

In a recent Brookings Institution study of 70 older industrial cities, St. Louis ranked among the strongest economies that are making progress on the road toward renewal and reinvention.

New construction has also expanded steadily in the market thanks to the continued growth of the region’s remote workforce.