THE ST. LOUIS CARDINALS AND THE CORDISH COMPANIES CELEBRATE MAJOR CONSTRUCTION MILESTONE OF $260 MILLION BALLPARK VILLAGE EXPANSION WITH TOPPING OUT OF ONE CARDINAL WAY LUXURY RESIDENTIAL TOWER
Rising up 29-stories next to Busch Stadium, One Cardinal Way will be one of the most unique residential experiences in the country when it opens in 2020
St. Louis BBQ favorite, Salt + Smoke, announced for retail space at the base of One Cardinal Way
“We’re inching closer to the many ribbon cuttings that will be part of the Ballpark Village phase II rollout in the next few months,” said Bill DeWitt III, Team President, St. Louis Cardinals. “And we’re very appreciative of the hard work PARIC’s team has put in to get us to this major milestone for the One Cardinal Way residential tower.”
Located at the corner of Clark and Broadway adjacent to Busch Stadium, One Cardinal Way is set to open in the summer of 2020 and will be one of the most luxurious, amenity-rich apartment communities in the country. Since the start of construction, One Cardinal Way has enjoyed unprecedented interest, and recently reached 50 percent leased ahead of its summer 2020 opening.
“The topping out of One Cardinal Way is an exciting milestone and a great opportunity for us to share our appreciation of the hard and skillful work the PARIC team has done so far,” said Nick Benjamin, Vice President of Development and Managing Director of Multifamily Housing for The Cordish Companies. “One Cardinal Way is adding an exciting lifestyle amenity to the growing neighborhood and will offer a completely new way to experience Ballpark Village, Busch Stadium and downtown St. Louis. With today’s milestone, we are one step closer to revealing One Cardinal Way to St. Louis next year.”
The tower’s integration with and views of Busch Stadium offer a completely unique residential experience. The 297-unit tower will feature 1-bedroom, 2-bedroom and penthouse apartment homes. One Cardinal Way will offer residents 10,000 square feet of restaurant, retail and lifestyle amenity space on the first floor as well as over 15,000 square feet of interior and exterior residential amenity space that rivals that of any other apartment building in the country including:
• Expansive outdoor terrace with direct views into Busch Stadium
• Infinity edge pool
• Demonstration kitchen
• Club room featuring an indoor-outdoor bar and fireplace
• Private event entertainment room
• Fitness center
• Conference room
• Valet dry cleaning and laundry services
• Building sommelier
• In-building secured parking
• 24-hour lobby attendant and personal concierge services
The Cardinals and The Cordish Companies also announced that local BBQ favorite Salt + Smoke will open a new location at the base of One Cardinal Way. Located directly off of Clark Ave, their made-from-scratch St. Louis-style BBQ will delight future residents, visitors, the downtown community, and baseball fans alike when it opens in 2020. This will be the concept’s fifth location.
“As lifelong Cardinals fans, we are thrilled to be a part of Ballpark Village and the energy and momentum driving downtown St. Louis' success. Perhaps nothing defines St. Louis better than BBQ and Baseball,” owner Tom Schmidt said about the new location. “Being able to bring those two institutions together is a St. Louis kid's dream come true.”
One Cardinal Way is part of a dynamic plan to transform Ballpark Village into a vibrant, 24/7 urban neighborhood, adding 700,000 square feet of dining, entertainment, hotel, residential, retail and lifestyle amenities to downtown St. Louis. The new Ballpark Village neighborhood also includes The PwC Pennant Building, the first Class-A office building built in downtown St. Louis in nearly thirty years, which opened in November; an upscale hotel, Live! by Loews – St. Louis, opening Q1 2020; as well as a three-story retail pavilion overlooking the new plaza and 75,000 square feet of new dining, entertainment, retail and lifestyle space. The second phase of Ballpark Village is creating over 1,800 construction jobs and 1,000 permanent jobs, as well as numerous opportunities for minority, women and locally-owned businesses. Once complete, the second phase expansion will complete a full build-out of Clark Street, transforming it into one of the most exciting streets in all of professional sports, and an economic engine for downtown St. Louis for decades to come.
About The St. Louis Cardinals
For more than a century, Cardinals baseball has been a source of excitement and civic pride. With 11 World Series Championships, 19 National League Pennants and a rich history of winning baseball by the storied franchise, St. Louisans bleed Cardinal Red. Since the ownership group led by Bill DeWitt Jr. purchased the Cardinals from Anheuser-Busch in 1996, the Cardinals have posted the fourth best record in the majors and advanced to the postseason 14 times, including two World Series Championships and four National League Pennants. Each year, the Cardinals are among the top teams in the MLB in terms of attendance and local TV rating. Forty-nine former Cardinals players, managers and executives are enshrined in the National Baseball Hall of Fame in Cooperstown, New York. In 2019, the Cardinals drew more than 3.4 million fans to Busch Stadium. The team’s home market fan base spans a 10-state region, drawing a large number of visitors to St. Louis annually, pumping millions of dollars into the local economy and helping local businesses.
About The Cordish Companies
The Cordish Companies’ origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Commercial Real Estate; Entertainment Districts; Sports-Anchored Developments; Gaming; Hotels; Residential Properties; Restaurants; International Development; Coworking Spaces; and Private Equity. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. The Cordish Companies has developed and operates highly acclaimed dining, entertainment and hospitality destinations throughout the United States, many falling under The Cordish Companies’ Live! Brand, highly regarded as one of the premier entertainment brands in the country. Welcoming over 50 million visitors per year, these developments are among the highest profile dining, entertainment, gaming, hotel and sports-anchored destinations in the country. Over the generations, The Cordish Companies has remained true to the family’s core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. For more information visit www.cordish.com or follow us on Twitter.
“The Cordish Companies,” “The Cordish Company” and “Cordish” are trademarks used under license by independent corporations, legal liability companies and partnerships (“Cordish Entities”). Each Cordish Entity is a separate, single-‐‑ purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency, and no intermingling of assets or liabilities of the Cordish Entities exists, or should be deemed to exist, as a result of the potential common reference to multiple independent entities operating under the names “Cordish,” “The Cordish Companies” or “The Cordish Company” here or elsewhere.
About the Ballpark Village
Developed in partnership between the St. Louis Cardinals and The Cordish Companies, Ballpark Village is a dynamic dining and entertainment district located in the heart of St. Louis, MO next to Busch Stadium. The District features three one-of-a-kind anchors, as well as several additional dining and entertainment experiences, including Cardinals Hall of Fame & Museum, Budweiser Brew House and Beer Garden and FOX Sports Midwest Live!, a central gathering place and plaza featuring a stage for live concerts and performances, a state-of-the-art 40-foot high definition LED screen, a 200-seat restaurant and a VIP seating area – all under a 100-foot long retractable glass roof – one of the largest of its kind in the country. Ballpark Village hosts events 365 days a year, providing patrons with a variety of entertainment, food and beverage, and on-site parking in one location. Based on the success of Phase 1, a second phase of Ballpark Village is currently undergoing a $260 million, 700,000 square foot expansion, transforming it into a vibrant 24/7 neighborhood for downtown St. Louis. For more information about Ballpark Village, please visit www.stlballparkvillage.com or engage on Facebook (STLBallParkVillage), Instagram (@bpvstl) and Twitter (@BPVSTL).
The Cordish Companies