Forum Drone Captures Nearly-Complete Costco

Date Posted: September 20, 2022

Posted In: Drone, Projects,

Editor’s Note: This week, Construction Forum Photographer/Videographer and Drone Eagle, LLC Owner Louis Kelly’s drone camera completed a fly-around of the Costco store nearing completion at Olive & I-170.

Opening is set for 8 a.m. Oct. 25th on the Costco store that will anchor a $189.4 million University City at Interstate 170 and Olive Boulevard.

In November, Larry  Chapman, CEO of Seneca Commercial Real Estate, and Bob Clark, CEO of Clayco and developer CRG, took ownership of U City LLC, the limited-liability company that owns the Markets at the Olive project and the 31-acre property surrounding the future Costco. The deal does not include the 16-acre site for Costco, which is owned by the wholesale club company.

U City LLC previously had been owned by Webster Groves-based commercial real estate firm Novus Development, which steered the project through the approval of $70.5 million in tax-increment financing from the University City council.