Sterling Bank is teaming up with Green Street Real Estate Ventures, LLC as the anchor tenant of a proposed $100M mixed-use development in Clayton, Mo.

Located at the intersection of Bemiston & Carondelet Avenues, the 20-story development will include 4,500 SF of first-floor commercial banking space with a walk-up ATM, 10,500 SF of branch offices, approximately 10,000 SF of amenity space, a 270-room multifamily apartment building and an estimated 380-space parking structure.

“Sterling Bank looks forward to providing our customers and employees a fresh, modern experience as part of this innovative redevelopment,” said Jim Duncan, St. Louis president at Sterling Bank. “We are excited to continue our commitment to the community through additional investment in downtown Clayton.”

HDA, a Green Street Company, is designing the project with construction being led by Green Street Building Group and its chosen joint-venture partner, Tarlton.

The development team expects to break ground on the project in the fall of 2022 with an expected 18-month construction schedule.

“Green Street is thrilled for the opportunity to partner with Sterling Bank on this transformational development,” said Kevin Morrell, principal at Green Street. “This project will kick off our efforts to help reposition Clayton as a ‘Live, Work, Play’ community with new, highly-amenitized residential opportunities.”

A community information session was held on December 8, 2021, at the Center of Clayton. Green Street plans to begin the rezoning process before the end of the first quarter of 2022.