February 26, 2025
Plan for Cordish to develop Millennium Hotel site in St. Louis moves forward
A Baltimore-based company has gotten the initial go-ahead to redevelop the site of the long-vacant Millennium Hotel in downtown St. Louis.
The Land Clearance for Redevelopment Authority on Tuesday authorized Cordish Cos. as the developer of the land at 200 S. Fourth St. The $670 million project calls for upscale residential, Class A office space, an amphitheater, a food hall, an improved streetscape and other amenities.
“What we are hoping to inspire through this new development that's being proposed by the Cordish Group is something that our constituents in the city of St Louis can be proud of,” said Neal Richardson, executive director of the St. Louis Development Corporation, which provides professional staff to the LCRA. “We're setting a new vision for where downtown can be. We're creating a new era for downtown.”
Cordish is best known in St. Louis for its work on Ballpark Village north of Busch Stadium. The PWC Pennant building, which opened in 2019, was the first new Class A office space to open in St. Louis in 30 years.
“We see this project as a natural complement for Ballpark Village,” said Cordish chief operating officer Zed Smith. “We've learned a lot over the years. We know the St Louis market well, and we believe now is the time to double down our commitment to its future.”
Smith said the Millennium project was not a replacement for the completion of a third phase of Ballpark Village, which would take in three surface lots at the site’s northern edge.
Tuesday’s decision also clears the way for the Gateway Arch Park Foundation to finish negotiations to buy the hotel from its current owners, a Singapore-based hospitality company. The nonprofit had wanted an identified developer before it took on the financial risk of purchasing the building.
“This is what St. Louis can do when we work together in this public-private partnership,” said foundation Executive Director Ryan McClure. “We don't know how to do anything differently than that. And so this is how this is going to get done. This is how it has to get done.”
Read more here.
The Land Clearance for Redevelopment Authority on Tuesday authorized Cordish Cos. as the developer of the land at 200 S. Fourth St. The $670 million project calls for upscale residential, Class A office space, an amphitheater, a food hall, an improved streetscape and other amenities.
“What we are hoping to inspire through this new development that's being proposed by the Cordish Group is something that our constituents in the city of St Louis can be proud of,” said Neal Richardson, executive director of the St. Louis Development Corporation, which provides professional staff to the LCRA. “We're setting a new vision for where downtown can be. We're creating a new era for downtown.”
Cordish is best known in St. Louis for its work on Ballpark Village north of Busch Stadium. The PWC Pennant building, which opened in 2019, was the first new Class A office space to open in St. Louis in 30 years.
“We see this project as a natural complement for Ballpark Village,” said Cordish chief operating officer Zed Smith. “We've learned a lot over the years. We know the St Louis market well, and we believe now is the time to double down our commitment to its future.”
Smith said the Millennium project was not a replacement for the completion of a third phase of Ballpark Village, which would take in three surface lots at the site’s northern edge.
Tuesday’s decision also clears the way for the Gateway Arch Park Foundation to finish negotiations to buy the hotel from its current owners, a Singapore-based hospitality company. The nonprofit had wanted an identified developer before it took on the financial risk of purchasing the building.
“This is what St. Louis can do when we work together in this public-private partnership,” said foundation Executive Director Ryan McClure. “We don't know how to do anything differently than that. And so this is how this is going to get done. This is how it has to get done.”
Read more here.