Pace Properties - Midtown Station retail development - St. Louis, MO

7/27/2019 Pace Properties - Midtown Station retail development - St. Louis, MO

http://slidepdf.com/reader/full/pace-properties-midtown-station-retail-development-st-louis-mo 1/7



Overview. Midtown Station is a 166,000 square foot lifestyle center located in the City of St. Louis between St. LoUniversity and its 14,000 students, the BJC Hospital Complex and its 26,500 employees, and the Central West Enhome to the highest incomes in the City. Midtown Station is also located in close proximity to Forest Park, whboasts 12 million visitors annually, Washington University and its 14,100 students and 13,700 employees, and We

Fargo and its 5,300 employees.

Driven by the existing base of employees, students and residents and the ongoing development and redevelopmein the vicinity, the Midtown area is transforming into the most vibrant living, working and shopping destinationthe City. Located adjacent to Midtown Station is the Cortex Development. Cortex is a 200 acre, $2.1 billion bioteresearch community currently being developed with research and development facilities, incubator space for biotecompanies, residential units, hotels and retail and is projected to add 13,000 employees and 1,000 additioresidential units upon completion. In addition, there are over 750 apartments, lofts and condominiums currenunder development within one mile of Midtown Station. With the growing number of employees, students aresidents in the Midtown area, retail stores are needed to support the existing population base and the anticipat

growth in the Midtown area. Midtown Station is ideally situated to take advantage of the growing Midtown area Midtown Station is located between I-64 on the south (91,000 cars per day), Forest Park Boulevard on the no(31,000 cars per day), Vandeventer Avenue on the west and Spring Avenue on the east. Visibility of the center froboth I-64 and Forest Park Parkway will be exceptional. Due to its accessibility to and from I-64 and Forest Park BoulevaMidtown Station will not only be an excellent local shopping destination but also a great regional shopping destinatioUpon completion of Midtown Station, two Metrolink (urban rail system) stations will be located within ½ mile Midtown Station, one existing and one to be constructed within Cortex, which will enhance accessibility to the cent



5 Minute 10 Minute 15 Minut

Population 100,988 392,806 707,312

Avergage HH Incime $52,253 $54,695 $60,014

Median HH Income $35,494 $41,687 $47,271

Total Employees 166,824 329,971 457,827

Households 48,181 173,986 303,473

2012 Demographics

Home to the beautiful Cathedral Basilica and manyexciting year-round festivals, the Central West End is theperfect place to view stunning architecture, stop for abite at a corner cafe or browse for hidden treasures at aneclectic street fair.

Central West End/Grand Center



Top 8 Employers in a 3 Mile Radius

Ameren Union Electric4,700 Employees

Saint Louis University7,500 Employees14,000 students

Anheuser Busch4,100 Employees

Washington University13,700 Employees



Overview. Pace Properties is a real estate acquisition, development, management and leasing organizatioPace has a long history of retail development and acquisition and is respected as one of the premier retfirms in the Midwest. Pace is active in providing services to retail markets, spanning from Peoria, Illinois Joplin, Missouri. Since its inception in 1984, Pace has acquired or developed retail, residential, office adistribution properties with a market value in excess of half a billion dollars. In addition, Pace’s leasing teahas completed over 3,000 retail transactions encompassing over 10 million square feet of retail proper

Pace currently manages over 3.5 million feet of retail space for both affiliated and non-affiliated entities

Our development team is experienced in real estate development, real estate law, architecture, marketinand construction and prides itself on developing centers in superior locations with unique architectustyles. Our retail developments have included, among others, The Boulevard, a 143,443 square foot mixed-udevelopment across from the Galleria Mall, Brentwood Square, a 200,000 square foot lifestyle center Brentwood, Missouri and Manchester Highlands, an 800,000 square foot lifestyle center in Manchester, Missou

Midtown Station will be funded by Pace Realty Investors, LLC, an affiliated real estate investment fund ownentirely by Pace Principals.



MIDTOWN STATION

Pace Properties - Midtown Station retail development - St. Louis, MO

Documents

Transcript of Pace Properties - Midtown Station retail development - St. Louis, MO