Mixed-Use Development Planned for Maryland Heights
Date Posted: May 1, 2015
Posted In: Projects,
From STLToday:Apartments, condos, senior housing, offices and a hotel are among potential uses for 35 wooded acres at Page Avenue and Interstate 270, in Maryland Heights.
The owner, an affiliate of Cypress Real Estate, calls the project Maryland Oaks and plans to retain much of the site’s woodsiness.
Pending before the city is the owner’s request to rezone the property to allow a mixed-use development. Ben Stegmann, a Cypress principal, said he hoped the rezoning request was approved this summer. The area is currently zoned for manufacturing.
If a “critical mass” of projects is lined up, construction could begin this year, Stegmann said. Though Maryland Oaks would probably be built in phases, key to its success would be starting with several projects at about the same time, he said.
“We want to get this right,” Stegmann said. “We want to make sure that when we start, we’re going to fill it and finish it.”