$350M St. Charles Riverpointe Project Advances
Date Posted: February 16, 2023
Posted In: News, Projects,
From St. Louis Business Journal: St. Charles County took a step to advance the $350 million Riverpointe riverfront redevelopment this week by turning over control of a county park to the city of St. Charles.
Construction began last year on Riverpointe. Over the next five years, backers of the project expect the mixed-use development with houses, retail, new office buildings, restaurants and a riverfront lake to revitalize 120 acres along the Missouri River at Interstate 70 and Main Street. The project comes from St. Louis-based developer CRG, the development arm of Clayco.
Over the years, the channel between the shoreline and Bangert Island filled in with dirt, which makes the island appear not to be an island at all, officials have said. The silted dirt will be dug out to create the centerpiece of Riverpointe, a 30-acre lake between the shore and the island. The wetlands on Bangert Island will also be restored as part of the project.
A representative for the developer said the U.S. Army Corps of Engineers has received an application seeking approval of the waterfront upgrades.
Removing the county from equation, the city is now free to push forward on the site, including work to remove trees and dirt that have filled in the channel. The city is talking with contractors and hopes to start construction soon, said city of St. Charles Economic Development Director Mike Klinghammer.
“Absolutely this is a good thing,” said Klinghammer of the lease termination. “It’s one of the steps we had to take to keep the project moving forward.”