Tower Real Estate Group appears to be planning a rehab at the Drake Plaza Building at 3307 Olive in Midtown. The plans, based on renderings, will refresh the store fronts and update the look of the main building, the Drake Plaza Apartments. No timeline or cost estimate has been given.
A $5 million rehab is taking place in a vacant building in Grand Center. The building, which is located at 3830 Washington Blvd, will bring 32,000 square feet of working space and 50 new jobs to Midtown. The facility will contain approximately 90 high tech knitting machines. Mayor Lyda Krewson stated at the media event that she hopes this facility will spark the resurgence of the fashion industry in St. Louis.