One Foundry Way brings modern living and historic charm to Midtown

Tenants are now settling into One Foundry Way, a transformative addition to Midtown St. Louis and the first high-rise market-rate apartments in the area in nearly 50 years. The mixed-use development, located at 3835 Foundry Way along Vandeventer Ave., represents Phase 2 of the City Foundry STL redevelopment project.

Lawrence Group led the $96 million initiative, serving as the lead architect and interior designer.

One Foundry Way builds upon the success of City Foundry STL Phase 1, a bustling hub for dining, retail, and entertainment that opened in 2021. The redevelopment revitalized a 15-acre historic foundry, used initially by Century Electric Company for motor and generator manufacturing, into a modern urban destination.

Above: A street-level view of One Foundry Way, a mixed-use redevelopment in Midtown St. Louis. Image credit: Sam Fentress Photography

One Foundry Way's eight-story residential tower rises above a six-level parking structure with 481 spaces. The ground floor features retail spaces designed to blend seamlessly with the dynamic commercial environment of City Foundry STL.

The residential portion includes 270 luxury apartments in studio, two-, and three-bedroom layouts. Interiors emphasize a blend of modern and industrial design, incorporating floor-to-ceiling windows, exposed concrete elements and warm natural materials.

Above: Inside one of the luxury apartments at One Foundry Way. Image credit: Sam Fentress Photography

Residents enjoy premium amenities such as a rooftop pool, zen garden, fitness center, lounges, bike storage, fire pits and a dedicated dog run. The design prioritizes communal and outdoor gathering spaces, fostering social connections and shared experiences. The features complement the vibrant atmosphere of City Foundry STL and contribute to its reputation as a central hub for city life.

ARCO Construction was the project's general contractor, completing the development within a year. New + Found spearheaded the effort, continuing its vision of reinvigorating Midtown St. Louis.

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Header image: The open-air pool deck of One Foundry Way sits atop the enclosed parking garage adjacent to the 8-story luxury apartments in Midtown St. Louis. Image credit: Sam Fentress Photography

Downtown Chesterfield takes a step toward progress with redevelopment plans in motion

The Downtown Chesterfield redevelopment project is advancing with the approval of its site development concept plan, even as the design of its centerpiece grand staircase undergoes further refinement. Chesterfield's City Council's decision on Dec. 2 allows the ambitious multi-phase development to move forward while addressing conditions for future municipal zoning approvals.

The mixed-use project, spearheaded by TSG Downtown Chesterfield Redevelopment LLC, aims to transform the south side of I-64, east of Chesterfield Pkwy., into a vibrant urban district. Plans include a high-rise office tower, a hotel, retail spaces, residential buildings, and a 3.3-acre central park. Once complete, the district will host a bustling community with hundreds of shops and restaurants, corporate headquarters, office spaces, and thousands of residents.

Key features of the site include a five-level above-ground parking garage relocated northwest of the central park. With entrances on Green Blvd. and Downtown Chesterfield Blvd., the garage is strategically positioned to serve park visitors and amphitheater patrons. A proposed grand staircase will enhance accessibility, providing a direct pedestrian link between the parking garage and the central park. Designed for both functionality and aesthetics, the staircase will feature a 20-foot width and integrated lighting for safety and visibility.

Street infrastructure plans emphasize walkability and connectivity. Sidewalks along primary streets will be wide enough to accommodate patio seating or open-space features, allowing developers flexibility. Landscaped islands, tree-lined streets with decorative grates, and thoughtfully placed furnishings such as benches, planters, and bike racks will enhance the pedestrian experience. Cohesive street lighting and decorative fountains will further unify the district's visual identity.

Two planned roundabouts—one at Clarkson Rd. on the eastern edge of the site and another along Chesterfield Pkwy. on the west—will improve traffic flow within the development. Four major intersections within the district will be elevated and adorned with decorative pavers arranged in herringbone or basketweave patterns, creating visual interest and a sense of place. Nearby sidewalks will feature complementary accent treatments, and pedestrian paths are also being considered to improve accessibility.

The City Council's approval came with the condition that a redesign of the grand staircase must be submitted and approved before the first municipal zoning approval (MZA) is granted. An MZA is a prerequisite for obtaining building permits from St. Louis County. This condition was initially recommended during the Planning and Public Works Committee of the Whole meeting on Nov. 21.

Downtown Chesterfield's phased development aims to create a dynamic environment where urban living, commerce, and recreation converge.

As plans progress, the project's careful attention to design and functionality is poised to redefine Chesterfield's landscape, offering a vibrant destination for residents, businesses, and visitors alike.

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Header image: Crews continue with the demolition of the Chesterfield Mall, making way for the mixed-use Downtown Chesterfield Development. Image courtesy of The Staenberg Group

St. Louis eyes $232 million revitalization plan with a private sector boost

Following the St. Louis Rams’ relocation to Los Angeles, a $790 million settlement was reached, with $250 million allocated to the City of St. Louis. Recent discussions have focused on utilizing these funds, with $232 million proposed for revitalizing downtown St. Louis and supporting needy neighborhoods. A key element of this plan is a pledge from the private sector to significantly enhance the city’s investment.

Greater St. Louis Inc., a prominent regional business organization, has announced plans to contribute at least $200 million in private funds to complement the city’s proposed investments. This public-private partnership aims to strengthen infrastructure, housing, and economic activity downtown and in neighborhoods on the north and southeast sides. These areas are critical to driving long-term economic growth and addressing pressing community needs.

The proposed allocation of funds would designate $102.5 million for downtown improvements and $130 million for projects in underserved neighborhoods. Greater St. Louis advocates for focusing on downtown as a vital economic hub, citing its role in generating substantial tax revenue that benefits the entire city. By directing resources toward downtown and beyond, the organization aims to spur development and attract additional federal and private funding.

City officials have also emphasized the importance of aligning investments with community priorities. Earlier this year, residents participated in a public voting process to outline their top funding needs, which included water main replacements, traffic calming measures, city worker pay raises, and childcare subsidies. Downtown infrastructure improvements were also considered a priority, though they ranked slightly lower.

Discussions have continued between the city’s leadership and business groups to ensure that plans reflect both immediate economic opportunities and long-term benefits for residents. While different strategies have been proposed, the overarching goal is to maximize the impact of the settlement funds on the city as a whole. Like those proposed by Greater St. Louis Inc., collaborative efforts aim to replicate successful models in cities such as Pittsburgh and Denver, where public-private partnerships have amplified local investments.

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Header image: Construction is underway to connect two major Downtown anchors with 7th Street between Ballpark Village and America’s Center on Washington Ave. Image courtesy of Greater St. Louis Inc.

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

Kaemmerlen Electric marks 100 years of innovation and growth

Kaemmerlen Electric Co. was founded in 1924. It was born from the growing need for appliance repairs in St. Louis during the early 1900s as electrical infrastructure developed. Initially focused on small appliance repairs, the company serviced 50,000 plug-in clocks, toasters, and radios annually, becoming the most recognized small appliance repair shop in St. Louis. Alongside these services, Kaemmerlen established itself as a major electrical contractor that handled lighting and fan repairs in downtown offices.

The company was founded by Thibault Casper (TC) Kaemmerlen and his foreman, Gil Kramer, who each contributed $150 to start the business at 22 North 2nd St. Kaemmerlen, originally from Guadalajara, Mexico, moved to Missouri to escape political turmoil in his home country. After studying at Ranken Technical College, he worked at Frank Adams Electric Company, where he met Kramer.

Kaemmerlen’s shift from a small repair shop to a more prominent electrical contractor began in 1927 when the company secured its first major contract to wire Gilster Milling in Steeleville, Mo. Despite the challenges of the Great Depression, the company continued to grow, performing warranty work for department stores while expanding into electrical contracting. In 1937, Kaemmerlen bought out Kramer and moved to a larger location on Lafayette Ave.

Post-World War II, Kaemmerlen relocated to its current address at 2728 Locust and benefited from the post-war economic boom. It became a signatory contractor with IBEW Local 1 and co-founded the National Appliance Repair Association. In the 1950s, the company was repairing 25,000 appliances annually, which doubled over the next decade. However, by the 1970s, the company shifted away from appliance repair as consumers began replacing appliances instead of repairing them.

Above: The current Kaemmerlen Electric leadership team from left to right; Bob Kaemmerlen Jr.,Tracey Trembath, principal, and BrianTrembath, chief financial officer. Photo courtesy of Kaemmerlen Electric

Today, Kaemmerlen Electric has diversified its services, focusing on commercial, retail, and institutional projects. Its work spans educational institutions, healthcare facilities, retailers, and businesses like Nike, Mastercard, and World Wide Technologies. With 95% of its work from repeat clients, Kaemmerlen continues to evolve, offering expertise in low-voltage projects, data centers, and audio/visual technology. The company celebrated its 100th anniversary in October 2024.

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Header image: Founder Thibault Casper (TC) Kaemmerlen flanked by two employees circa 1946. Image courtesy of Kaemmerlen Electric Co.

Sealy & Co. renews 1.6M SF lease with World Wide Technology in Edwardsville

Sealy & Co. has secured a lease renewal for two buildings with World Wide Technology (WWT) at Lakeview Commerce Center II and III in Edwardsville, Ill., covering in excess of 1.6 million SF. WWT, the company’s largest tenant, has maintained a long-term relationship with Sealy.

Lakeview Commerce Center II, located at 3971 Lakeview Corporate Dr., comprises 539,877 SF and includes a variety of enhancements. The facility, which was delivered in 2006, features 29,900 SF of office and laboratory space, T5 specialty lighting, and generators for emergency backup.

Lakeview Commerce Center III, a distribution center located next door, encompasses the bulk of the square footage with 1,109,830 SF. Originally completed in 2008, it was expanded in 2015 to add more office space, custom trailer stalls, and enhanced security measures. This building also recently earned the BOMA 360 designation for its high standards in energy efficiency, safety, security, and tenant relations.

Both properties are ideally located in the Metro East industrial submarket of St. Louis, just west of Hwy. 111, with direct access to I-270 and downtown St. Louis only 20 miles down the road.

Negotiations for the renewal were led by Sealy’s Regional Director William Shagets, with support from Cushman & Wakefield’s Ed Lampitt and Matt Eastin.

The St. Louis industrial market continues to see strong leasing activity through the third quarter of 2024 with a vacancy rate of 4.7%, according to a CBRE report (St. Louis Industrial Figures Q3 2024). Leasing activity surpassed 1.2 million SF, up 24% from the previous quarter. While the Metro East submarket had the second-highest vacancy rate in the area just under 10%, it led the region in leasing activity with 414,000 SF for the quarter.

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Header image: Lakeview Commerce Center puchased by Sealy & Co. in 2020 is located just 20 miles from downtown St. Louis in Edwardsville, Ill. Image courtesy of St. Louis Regional Freightway

Why St. Louis? CCIM-STL panel illuminates appeal of Gateway to the West

The St. Louis region is in good shape and offers worthwhile opportunities for commercial real estate, according to speakers at a February 13 CCIM-STL meeting at the Meridien Hotel about “Why St. Louis?”

Jim Fredericks, partner in luncheon sponsor Armstrong Teasdale, set the tone for the program by saying, “I believe in St. Louis, and I believe in what we can do for St. Louis.”

Doug Rasmussen, founder and CEO of Steadfast City Economic & Community Partners, noted that his focus on site selection benefits from the interconnections among all 15 St. Louis counties, and that assumptions about the airport are not a big deal: “The lack of an airport hub isn’t that important,” he said. “We have parity in travel prices,” so business travelers have fewer concerns when planning trips.

The St. Louis region can “line up well in risk management,” Rasmussen said. “We can serve the globe from one location. We have diverse options for the supply chain. We have a reliable infrastructure, including weather. We have an industrial heritage and sites that can be redeveloped. We can provide a talent supply chain from the shop floor to the C-suite.”

The region does need more tech workers and residents in general, he noted.

“The challenge for real estate professionals is to think of St. Louis as unique and focus on what’s in our own backyard for all aspects of what a company might need,” Rasmussen said.

For Maggie Kost, chief attraction officer at Greater St. Louis, Inc., promoting St. Louis to potential new businesses is “truly a team sport.”

Her organization primarily focuses on companies in advanced manufacturing (automotive, aerospace, and food and beverage), agtech, bioscience and health, digital transformation, financial and business services, and geospatial. The span of industries and occupations is “an asset for spouses when [a business owner] is relocating here,” she said.

Kost and her team present St. Louis as “a place to start up, stand out, and stay.” St. Louisans “are hard on ourselves, and we shouldn’t be,” she added.

She noted that the metro St. Louis region is ranked as number one in the Mississippi River corridor. “We are putting St. Louis on the global stage,” she said. That’s due to the area’s “transport modal hub, great culture, affordable housing and minimal commutes,” among other qualities.

Commercial real estate professionals would benefit from thinking of Greater St. Louis, Inc. as “a resource and part of your team,” Kost said.

Robert (Bob) Millstone, president and founder of the The Millstone Company, outlined the ways that the Gateway South project, a 100-acre master-planned redevelopment along the riverfront, aims to enhance St. Louis as number one in construction innovation. It will be “a walkable, mixed-use downtown focused on cross-pollination,” Millstone said, at a total estimate cost of $1.2 billion.

Phase 1 is expected to be complete in two years, with work scheduled to begin in March, Millstone said — an impressive goal. It already has $200 million in incentives and $25 million in out-of-town investments, as well as “real local manufacturing companies that will anchor the project.”

Reflecting on the history of the area, “we’re excited about the next 100 years,” Millstone said.

Kost also noted that the St. Louis area’s colleges and universities contribute substantially to the region’s appeal to new and existing businesses and nonprofit organizations as “tremendously important for filling the talent pipeline and innovating.”

Millstone added that “we also have to keep tech training in mind”; not just area universities but also institutions like Rankin Tech and the offerings of the community college system.

Kost agreed: “A lot of people don’t realize there are a lot of community college programs for retraining. It’s all set up to address (business) needs. The community colleges and Rankin understand (what companies need).”

Another key to the region’s future, according to Rasmussen, will be promoting its “cool factor — making it an area that young people want to go to (and stay in). It’s mostly a matter of making (our advantages) known.”

Immigration trends also work in favor of St. Louis, panelists agreed. “It’s very important for us that St. Louis has always been really good at welcoming immigrants,” Kost said, while Rasmussen said that “my lens as a site selector is that St. Louis is not as well-known as we could be (in this respect) — it’s important to make (us) more of a landing place for new Americans.”

The same things that attract new companies and people to the area are a factor in retaining graduates and employees, Kost said.

Millstone identified the role of commercial real estate professionals as creating jobs for the future and convincing potential new businesses and residents that “this is a good place to live, work and play.” Being “ambassadors for the region” is also a vital role for the profession.

“Projects have to integrate with what leaders and the community want,” Millstone added.

That perspective fits with plans for the Greenway project, which Kost called “incredibly important in quality of life and an asset in connectivity and bridging the divide.” It can also be promoted as a tourist attraction, Rasmussen said.

The session wrapped up with perspectives on downtown. “Downtown is incredibly important,” Kost said. “We have locations (that are ideal for) industrial reuse, office space that is very affordable compared to other areas. We’re making sure that we have the tools for redeveloping spaces (so employees will want to come back to offices).”

The answer to “Why St. Louis?” comes down to recognizing that “we’re a region and we live and die as a region,” Millstone said. “St. Louis can be a success, downtown can be a success, but we have to invest.”