City Foundry | St. Louis Public Radio

City Foundry

The City Foundry STL redevelopment will include a dining hall, grocery store and movie theatre in its $220 million first phase.
Lawrence Group

A massive redevelopment project at a high-profile site in St. Louis’ Midtown area is on track to open next year. The first phase of  City Foundry STL will include a large dining hall featuring local eateries. Plans also call for a grocery store, movie theater and office space.

U.S. Housing and Urban Development Secretary Ben Carson discusses the St. Louis Opportunity Zones with St. Louis Mayor Lyda Krewson and Missouri Gov. Mike Parson.
Chad Davis | St. Louis Public Radio

U.S. Department of Housing and Urban Development Secretary Ben Carson on Friday met with Missouri Gov. Mike Parson, St. Louis Mayor Lyda Krewson, U.S. Rep. Lacy Clay, D-University City, and other state and city leaders in St. Louis to tour new real estate developments in low-income communities.

Carson came to St. Louis to highlight Opportunity Zones, a federal program that encourages investment in neglected communities by offering incentives to developers, including tax breaks. The program was established as part of the 2017 Tax Cuts and Jobs Act.

Building boom can be measured in number of cranes in the sky.
Chris Stritzel City Scene

St. Louis has had a banner year for construction in 2018. The number of building permits issued was up in 17 of the city's 28 wards. The value of new projects totals more than $1 billion, and dozens of projects are on the drawing board, or ready to break ground, in 2019.