City Foundry STL is moving into the second phase of its development. Located between the SLU’s north and south campuses on Forest Park Ave, the project already includes a large suite of office spaces. The next phase will focus on apartments and commercial real estate, as the developer Steve Smith and his firm, New + Found, seeks to revitalize Midtown.
The new apartment structure will contain 282 , a pool, and a rooftop park. It will be constructed above an extensive parking space. It will be flanked by 20,000 square feet of retail space and the 60,000 square feet of office already constructed in phase one of the project.
The office spaces built in the first phase are already at 94% occupancy, although the opening of certain retail spaces such as a food hall, Alamo Drafthouse Cinema and Fresh Thyme Farmers Market has been delayed due to COVID-19. Still, Smith is very optimistic about the project going forward. The second phase is slated to cost $115 million and to be completed by 2023.
New + Found has partnered with the architecture firm Todd Halamka + Partners for the apartments. ARCO/Murray are the contractors for the development. There has been a lot of collaboration on the project as well from St. Louis University as well as British philanthropist, Lord Swraj Paul.