CRG

Two new hotels set to revitalize long-stalled Riverpointe development in St. Charles

For more than a decade, the Riverpointe development along the Missouri River in St. Charles lay largely dormant, despite early enthusiasm for its promising vision. Envisioned as a sweeping, mixed-use waterfront transformation spanning approximately 82 to 120 acres between Interstate 70 and Main Street, the project was drafted by Lamar Johnson Collaborative, which conceived a vibrant plan featuring a lake spanning 30 to 40 acres, office and residential towers, a hotel, riverfront retail and dining, a central plaza, landscaped townhomes, and a pedestrian bridge connecting to Bangert Island, all knit together by a rebuilt Katy Trail and an active Riverwalk promenade.

In early phases, CRG, Clayco’s development division, assumed the lead for multiple phases, advancing critical infrastructure work such as grading, filling, utility extensions, new roads, sidewalks, and trail elevations above the 500-year floodplain—ensuring the land is prepared for future construction.

The city, in coordination with the Army Corps of Engineers, addressed flood concerns by elevating more than 100 acres, relocating roadways, creating roundabouts, and enabling the project to move forward on firm ground.

Still, development stalled. Fragmented land ownership, lingering regulatory caution, and financing hurdles have slowed vertical construction. However, early progress, including the opening of Chicken N Pickle —a signature entertainment venue combining pickleball courts, dining, and social space—demonstrates the potential for Riverpointe to thrive.

Above: A conceptual rendering of the walkable shopping areas at the mixed-use Riverpointe development in St. Charles, Mo. Image | Lamar Johnson Collaborative

Now, renewed momentum is on the horizon. The city reports that two hotels are confirmed for construction within the Riverpointe district, injecting fresh confidence into the project’s future—particularly because lodging is central to transforming the area into a full-service destination that supports diners, shoppers, and even possible corporate tenants. Though developers and branding have not yet been announced, hotel construction signals that the site’s long-dormant potential may finally be unlocked.

Underpinning this revitalization is a solid design and technical foundation. Lamar Johnson Collaborative remains the principal planner and designer of the master vision—crafting a walkable, active main street, public plazas, and integrated green space that revitalizes the riverfront.

Clayco continues to serve as construction manager, alongside CRG as developer, ensuring continuity from master planning through physical delivery. The city itself remains a committed partner, having cleared ownership barriers, working on flood mitigation, and facilitating infrastructure necessary to support the burgeoning district.

The impact of the hotels advancing beyond planning is significant. Lodging is both a destination generator and a catalyst for commercial and residential activity—drawing visitors, stimulating retail and food service, and encouraging new residential interest. This, in turn, makes the ambitious goals of Riverpointe—4,000 new jobs, an estimated $1.5 billion in economic activity, and an influx of roughly 1 million annual visitors—much more achievable.

With foundational elements in place—flood mitigation, reimagined road and trail systems, phased infrastructure, and adaptive design—and now hospitality anchors confirmed, Riverpointe is poised to reemerge as a lively waterfront neighborhood that connects nightlife, commerce, and nature. As designers and contractors refine the details and cranes return to the skyline, Riverpointe could be set to deliver on its long-held promise: a vibrant riverfront destination rooted in thoughtful urbanism, thoughtful design, and collaborative execution.


Header image: The long awaited Riverpointe development just off I-70 in St. Charles, Mo. may have life once again. Image | Lamar Johnson Collaborative

Mega developments redefine St. Louis region's landscape

Mega developments redefine St. Louis region's landscape

Feature photo credit: Drew Edelstein.

Delmar DivINe projects aim to overcome historic “North of Delmar” divide

Delmar DivINe projects aim to overcome historic “North of Delmar” divide

FEATURE PHOTO CREDIT: RUTH THALER-CARTER | MWM STL

Unique amenities, pre-planning play key roles in mixed-use success stories

Unique amenities, pre-planning play key roles in mixed-use success stories

PHOTO CREDIT: MWM STL

Panelists sum up Chesterfield Valley comeback

Panelists sum up Chesterfield Valley comeback

October CCIM-STL panelists included (L to R): Mike Geisel, Bob Nation, Emily Ackley and Natasha Das. Photo credit: MWM STL

Midwest warehouse demand continues to rise

Booming interest in industrial space continues to fill St. Louis industrial parks and warehouses, according to commercial real estate firm JLL.

With a flurry of new leases signed in the last quarter, the brokerage firm says last year’s figures have met the record of 4.1 million square feet of absorption previously set in 2019. According to JLL’s 2021 Midwest Industrial Outlook, the Midwest markets are seeing unprecedented growth and will need 275 million square feet of new warehouse space in the next five years to accommodate surging demand.

“Had you asked in March what the outlook for industrial real estate would be for 2020, the answer would not have been where we are today,” said David Branding, managing director for JLL’s St. Louis industrial markets team.

“The activity, especially in last quarter, helped achieve another record year of absorption. We fully expect to see the same momentum and even an increase in demand going into this year and likely well beyond,” Branding said.

JLL’s report indicates that St. Louis experienced a 79 percent increase in bulk inventory since 2016 after having virtually no new construction from 2009 to 2015. In 2020, e-commerce accounted for more than 40 percent of the leasing activity. The majority of new warehouse construction continues to be in North County, St. Charles and the Metro East.

Last quarter, JLL represented tenants and developers in more than 670,000 square feet in new lease agreements. Altus Properties signed a 135,400-square-foot lease at its Corporate 44 Business Park in Fenton, Mo. Building 4 at the park is now fully leased with the expansion of current park tenant Re-Sort Solutions, a specialty packaging and warehouse company.

Cambridge Engineering, a Chesterfield Valley company, signed a lease for 68,605 SF within the Wentzville Distribution Center, owned by SparrowHawk Development. This lease brings occupancy in the building to 100%.

Agile Packaging Solutions, a specialty packaging company serving customers in St. Louis, leased 241,448 SF at Park 370 Center 1 in Hazelwood, Mo., bringing the building to 100% occupancy.

JLL also represented St. Louis Business Center on two recent lease agreements within the center, located in the North City submarket. Werner Enterprises and American Trailer Rental Group have both leased trailer yards within the park. The leases are part of a larger trend of facilities catering to increased commercial truck and trailer traffic related to e-commerce, both in and around the St. Louis market and on cross-country routes. This is American Trailer’s first St. Louis location.

Top tenant expansions in the St. Louis market include Amazon, World Wide Technology, Geodis, Reckitt Benckiser and Save A Lot. The companies signed 18 new leases totaling more than 8.7 million SF. The area’s top developers, including NorthPoint, TriStar, Pannattoni, Duke Realty and CRG, brought more the 15 million SF of new warehouse space to market in 2020.

“With an expected $900 billion increase in e-commerce sales expected in the next five years, St. Louis is poised to gain significant investment and growth among major institutional players, some who have already begun recognizing the market, and others who undoubtedly are now starting to take notice,” said Branding.

Current Chesterfield development on par with 2019

This week’s CCIM St. Louis Metro Chapter virtual luncheon presentation provided solid insight to the development of the Chesterfield, Mo. area.

With presentations from Mike Geisel, city administrator with the City of Chesterfield; Tim Lowe, VP of leasing and development with The Staenberg Group; and Jeff Tegethoff, operating partner of CRG, attendees received a comprehensive look at the future of the city.

Geisel started the presentation by introducing “Envision Chesterfield,” the city’s comprehensive plan completed through a 21-month process which was adopted in September of this year.

Data shows that the city of Chesterfield has grown at 2.6 times the rate of inflation. With 44 active development projects, the city is on par with 2019 numbers despite the challenges of 2020.

“In the last ten years, we’ve seen 2,300 residential units being developed. We’ve seen 3.9 million SF of commercial development and 650,000 SF of industrial development,” Geisel said.

The District and Wildhorse developments are two large components contributing to the current success in Chesterfield, according to Geisel.

Working from the opportunity of their neighboring tenant TopGolf, The Staenberg Group is developing The District - previously an old outlet mall - into a new entertainment area. The revitalization has recently handed over the 48,000 SF shell to their new tenant, Main Event, set to open in June 2021.

On the other end of the property, The Factory, the first built-from-the-ground-up live music venue in the Midwest in more than 20 years, is currently underway. Lowe acknowledged the risk of this type of facility in the current COVID climate, but also noted the high demand from both fans and bands.

“We’re excited. This is going to be a unique draw to the area. They’re planning to open in May of next year. While the current guidelines would not allow The Factory to open and be successful, the good news is that there is a lot of pent-up demand for next year. We are hoping the rules of engagement in 2021 will allow us to open and be functional,” Lowe said.

Phase 2 of The District will feature an open-entrance, steel structured pavilion which will serve as an eye-catching anchor of the development.

“We have a lot of work to do to figure out what goes under the pavilion, but (we) will have grass, fire pits and outdoor seating. It’s a neat area within the development that allows people to read books, play with their kids, things like that,” Lowe said.

The final phase of The District is currently being planned. At this point, potential activities include indoor and outdoor pickleball, sand volleyball and eSports.

Lowe also mentioned the Chesterfield Mall, which The Staenberg Group is currently working on a master plan to convert the property into an urban downtown development. The plan includes housing, office, retail, and restaurants, and is scheduled to be completed and presented to the city by the end of the year.

Tegethoff also shared his vision for the existing Wildhorse project and Wildhorse Village. Wildhorse has scheduled openings throughout 2021, including the 188-residential spaces in March and the AC Hotel by Marriott in December. The notable, 15,000-SF Ruth Chris Steak House opens in two-weeks.

Wildhorse Village, an 80-acre development to include 1 million SF of office space, more than 500-residential units and 100,000 SF of restaurant and retail space, is currently underway. The project will not be phased and anticipates openings as early as 2023.

“We never really thought about phasing Wildhorse Villiage. The momentum of early interest in the sub lots enabled us to do it all at one time,” Tegethoff said.

“We feel like there has never been a more exciting time to developing in Chesterfield.” Tegethoff said.

Despite the challenges of 2020, the city of Chesterfield is on the rise.

to view the entire program, please visit CCIM St. Louis’s LinkedIn page.