Gateway Arch Foundation Now Owns, Can Start Development on, Millennium Hotel
Date Posted: July 9, 2025
Posted In: News, Projects,
From St. Louis Public Radio: After nearly a year, the Gateway Arch Park Foundation has officially closed on the Millennium Hotel in downtown St. Louis.
The 4.2-acre site has been vacant since 2014, and in September 2024, the foundation announced its contract to purchase the property.
In partnership with the foundation, real estate developer the Cordish Cos. plans to build a 1.3 million-square-foot site that combines residential, office, commercial and cultural spaces in the hotel’s place. The project will cost about $670 million.
Mike LaMartina, president of Ballpark Village and spokesman for Cordish, said the project will increase accessibility and job opportunities.
“This development represents a once-in-a-generation opportunity to reimagine downtown’s urban core and skyline and will serve as a catalyst for further revitalization,” LaMartina said Wednesday during a press conference at the One Cardinal Way office in downtown St. Louis.
The foundation said the next step is to work on a public-private agreement required for the development to go forward. Construction has not started.