$35 Million Edwardsville Town Center Moves Forward
Date Posted: July 6, 2018
Posted In: Projects,
From St. Louis Business Journal: A $35 million mixed-use development on the site of the former Madison Mutual Insurance Co. headquarters in Edwardsville is moving forward.
Plocher Construction Co. Inc. recently broke ground on the 26-acre project called Edwardsville Town Center, at Governors Parkway and Illinois Route 157. The project will include about 78,000 square feet of leasable commercial retail space, while the entire development consists of six outlots, three mixed-use residential buildings and several single-story retail buildings. The residential portion, called Town Center Lofts, includes one- and two-bedroom apartments across 184 luxury units.
So far, the only named tenant is Kloss Furniture, which will occupy 40,000 square feet for its flagship store. Fresh Thyme Farmers Market was previously attached to the project, though marketing materials from NAI Desco, which is serving as broker for the retail portion, no longer show the grocery chain. Retail in-line space is leasing for $25 per square foot and $28 per square foot for endcap space, marketing materials show.