Post Building Owner Seeks Interco Plaza For Additional Parking
Date Posted: October 16, 2025
Posted In: Projects,
From St. Louis Business Journal: The owner of the Post Building in downtown St. Louis wants to buy an adjacent city park, with an eye toward converting it to parking.
The StarWood Group, which bought the former St. Louis Post-Dispatch building, 900 N. Tucker Blvd., and converted it into offices for Block and Scale AI, would pay the city $275,000 to buy Interco Plaza, at Tucker and Dr. Martin Luther King Drive. StarWood, tied to John Berglund and Jim McKelvey, already owns a slice of the 0.71-acre plaza, acquired in 2020 from developer NorthSide Regeneration.
Legislation, from downtown Alderman Rasheen Aldridge, was advanced Tuesday by the Board of Aldermen’s Housing, Urban Development & Zoning Committee and will now be considered by the full board.
Aldridge said the site had not been maintained, and was fenced off after there had been problems with homeless encampments on the property. “If you go down there now, there’s nothing green,” Aldridge said, adding that there were other green spaces nearby.
The proposal got questions from some aldermen, including Anne Schweitzer, who said proposals to pave over surfaces give her pause because of stormwater issues.