Current News
SEPTEMBER 2009
Article in St. Louis Business Journal.
CommerceMagazineApril2008
Green Street to redevelop coke plant
By Kelsey Volkmann-St. Louis Business Journal
St. Louis Business Journal
9/3/09
Green Street to redevelop coke plantSt. Louis Business Journal - by Kelsey Volkmann
Media
A plan to turn a former south St. Louis coke plant into a business and industrial park received a boost Thursday with $6.73 million in state brownfield tax credits to clean up the site.
The proposal to redevelop the former site of the Carondelet Coke Corp., the largest piece of dormant property owned by the city, also has grown in size from 42 to 54 acres.
Phil Hulse and Mike Clark, principals of Green Street Properties of Clayton, said they plan to buy an additional 12 adjacent acres from Laclede Gas. Co. in October, increasing the project size from $43 million to about $50 million.
The entire clean-up of the site’s ground contamination and asbestos will take one to three years, but Clark said building could begin on the uncontaminated portion of the property in as soon as six months, depending on companies’ interest in relocating or expanding there.
The project will benefit from a road that was built for the casino that Las Vegas-based Pinnacle Entertainment is building nearby because it increases access to Interstate 55, Hulse said.
The project, which includes six new buildings totaling 630,000 square feet, has received interest from companies looking for more warehouse, manufacturing and office space but Hulse wouldn’t disclose which businesses, saying they were still in "conversations."
“There’s always been a strong desire to tap into the work force in south city, there just hasn’t been enough available ground,” Clark said. “This is actually going to be a very popular location with a lot of interest.”
The business park could create as many as 800 jobs, an increase from earlier estimates of 350 jobs, Clark said.
St. Louis-based Environmental Operations will conduct the environmental consulting, remediation and demolition of vacant buildings.
Stock & Associates Consulting Engineers Inc. of St. Louis will serve as civil engineer, and Shively Geotechnical Inc. of St. Louis will perform geotechnical engineering.
Missouri Gov. Jay Nixon and St. Louis Mayor Francis Slay scheduled a news conference for 1:45 p.m. Thursday to announce the specifics of the renewed redevelopment plans.
Hulse, formerly of Gateway Commercial and Summit Development, both of Clayton, and Clark, former president of St. Louis-based Clark Properties, started Green Street Properties in January 2008 to focus on green and LEED-certified projects.
SEPTEMBER 2009
Article in St. Louis Business Journal.
CommerceMagazineApril2008
Green Street to redevelop coke plant
By Kelsey Volkmann-St. Louis Business Journal
St. Louis Business Journal
9/3/09
Green Street to redevelop coke plantSt. Louis Business Journal - by Kelsey Volkmann
Media
A plan to turn a former south St. Louis coke plant into a business and industrial park received a boost Thursday with $6.73 million in state brownfield tax credits to clean up the site.
The proposal to redevelop the former site of the Carondelet Coke Corp., the largest piece of dormant property owned by the city, also has grown in size from 42 to 54 acres.
Phil Hulse and Mike Clark, principals of Green Street Properties of Clayton, said they plan to buy an additional 12 adjacent acres from Laclede Gas. Co. in October, increasing the project size from $43 million to about $50 million.
The entire clean-up of the site’s ground contamination and asbestos will take one to three years, but Clark said building could begin on the uncontaminated portion of the property in as soon as six months, depending on companies’ interest in relocating or expanding there.
The project will benefit from a road that was built for the casino that Las Vegas-based Pinnacle Entertainment is building nearby because it increases access to Interstate 55, Hulse said.
The project, which includes six new buildings totaling 630,000 square feet, has received interest from companies looking for more warehouse, manufacturing and office space but Hulse wouldn’t disclose which businesses, saying they were still in "conversations."
“There’s always been a strong desire to tap into the work force in south city, there just hasn’t been enough available ground,” Clark said. “This is actually going to be a very popular location with a lot of interest.”
The business park could create as many as 800 jobs, an increase from earlier estimates of 350 jobs, Clark said.
St. Louis-based Environmental Operations will conduct the environmental consulting, remediation and demolition of vacant buildings.
Stock & Associates Consulting Engineers Inc. of St. Louis will serve as civil engineer, and Shively Geotechnical Inc. of St. Louis will perform geotechnical engineering.
Missouri Gov. Jay Nixon and St. Louis Mayor Francis Slay scheduled a news conference for 1:45 p.m. Thursday to announce the specifics of the renewed redevelopment plans.
Hulse, formerly of Gateway Commercial and Summit Development, both of Clayton, and Clark, former president of St. Louis-based Clark Properties, started Green Street Properties in January 2008 to focus on green and LEED-certified projects.