Vacancy rates in Clayton are at an all-time low while demand remains high for Class A office space. That combination leads JLL office expert David Biales to believe the timing is right for The Boulevard St. Louis, a premier mixed-use development that just announced a $100 million expansion that will include 100,000 square feet of Class A office space.
“The Boulevard has always been a premier location, but this expansion will solidify its position in the market as the premier destination for office and retail,” said Biales. “Its location off I-64 and I-170 provides easy highway access and premier visibility to a heavily populated area with traffic counts averaging around 130,000 cars per day.”
A Chicago-based joint venture that purchased The Boulevard last year recently retained JLL to market the rollout of the office portion for the project. The expansion will break ground early next year and open year end 2019. Owners say the advancement of the $100 million second phase includes an exciting mix of retail, residential, entertainment and class A office space to enhance the region’s premier mixed-use development located across from the Saint Louis Galleria.
“We’re extremely excited to be moving forward with this much anticipated second phase and to begin marketing it to the region,” said Sol Barket, a St. Louis native and founder of Condor Partners. “The Boulevard is a great brand that appeals to many residents and visitors in the St. Louis region. This next phase will undoubtedly further enhance the development by offering more opportunities for people to live, work, play and dine.”
Office tenants will have access to ample free garage parking with direct sky bridge access to an office complex. Highly visible exterior signage will also be available to several tenants facing both Brentwood Boulevard and I-170.
The Boulevard opened in 2004 and includes a professional office complex and 74 luxury residential apartments. It is home to Missouri’s first Crate and Barrel store and Missouri’s first Soft Surroundings location, as well as restaurants Maggiano’s Little Italy, P.F.Chang’s China Bistro, and Allegro at The Boulevard.