Midas Midtown Hotel Construction Starts Soon
Date Posted: February 23, 2018
Posted In: Projects,
From St. Louis Post-Dispatch: Midas Hospitality is slated to begin construction on a $25 million hotel on Forest Park Parkway in the next couple of months.
The 153-room Element by Westin should be complete by the end of next year. It will replace the existing Habitat for Humanity building at 3763 Forest Park Avenue. That organization is moving its local offices to a former grocery store at Chippewa Street and South Grand Boulevard. The nonprofit should be out by May and demolition will start soon after, Midas said, with construction complete by the end of 2019.
The St. Louis University-controlled redevelopment corporation in the area has approved 10 years of 75 percent tax abatement for the planned hotel, followed by another five years of property tax breaks at 50 percent.