St. Peters looks to boost struggling business park by allowing residential property

City officials in St. Peters hope to help a mostly vacant business park in the Mississippi River flood plain by allowing projects ranging from commercial to residential construction.

Mayor Len Pagano has asked St. Charles County officials to agree to remove a ban on housing in the 900-acre Premier 370 site off Highway 370. City aldermen will discuss the idea Thursday night.

Pagano said the city got an inquiry from a developer about the possibility of building a mixed-use commercial and residential project with elements similar to the Streets of St. Charles project at Interstate 70 and South Fifth Street in St. Charles.

The developer is interested in 380 acres on the northern end of Premier 370, Pagano said, near a city park with a large lake. The park’s proximity could attract potential residents, the mayor said. Pagano and City Administrator Bill Charnisky emphasized that nothing was set in stone and didn’t identify the developer or provide details.

Read more from the St. Louis Post-Dispatch

Tags:, , , , , , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students