Laying just west of the newly renovated Monogram Building and Fields Foods supermarket, 1800-1808 Washington Boulevard currently sits vacant. According to the LCRA and City documents, however, this is soon to change.
A developer known only as MacDonald Building LLC, which can be traced back to an affiliate of Revive Capital LLC, is under contract to acquire this property for $2.2 Million. This company redeveloped the Monogram building just East of here. Plans call for the conversion of the 110,300 square feet of space into 72 residential units comprising of studio and one-bedroom apartments. 52 parking spaces will be located inside the building and are available for residents.
The total cost of this redevelopment is estimated to be around $13.5 million, and the LCRA is granting 10 years of tax abatements at 90% of the assessed value of improvements for the first five years, then 85% the next.
This news comes just days after a proposal was released for the redevelopment and office conversion of 2028-30 Delmar. Although we face economic uncertainty generated by the Covid-19 pandemic, projects like these show that the revitalization of our central corridor is still in full swing and will be further boosted as significant announcements about our MLS team surface. LCRA Meeting Agenda: https://www.stlouis-mo.gov/government/departments/sldc/boards/documents/upload/LCRA-Regular-Board-Meeting-Agenda-Materials.pdf 2028-30 Delmar Redevelopment: https://www.cityscene-stl.com/post/2028-30-delmar-redevelopment