OPEN HOUSE - Crestwood Court Redevelopment Project

WELCOME!
Crestwood Court Redevelopment Project
OPEN HOUSE
Presented by
www.newcrestwoodcourt.com
STATION #1
Project
Overview
Project Goals
•  Involve your thoughts and ideas
•  Upgrade site infrastructure to protect community’s
water shed
•  Approve a project proposal that works well for
Crestwood community
•  Transform Crestwood Court into a lasting community
asset that brings economic activity to Watson Road
History of Crestwood Plaza
Crestwood Plaza opened in 1957. It was the first major mall in the St. Louis area and one of
the first to have more than one department store. Thousands of St. Louis families have fond
memories of going on dates, shopping and working at Crestwood Plaza. Originally an open-air mall,
Crestwood Plaza was enclosed in
1984. It was renamed Westfield
Shoppingtown Crestwood in
1998, and Crestwood Court in
2007. Most recently, it served as
a lifestyle center with art spaces.
It was finally closed to the public
in 2013.
Project Timeline
Project Team
UrbanStreet Group
In April 2015, the City of Crestwood chose the proposal submitted by
UrbanStreet Group LLC, a Chicago-based developer with extensive
experience in real estate development and construction.
Other UrbanStreet Group St. Louis Projects
Tower at Old Post Office Plaza (OPOP) Lo/s at OPOP Orpheum Theater – Photo: publichall UrbanStreet Group Proposal
UrbanStreet Group’s current proposal recommends four project areas
within a mixed-use development. Together they will provide a
unique and exciting experience for those who want to live, work, and
play in Crestwood.
The four project areas are:
· Service Retail
· Entertainment and
Destination Retail
· Multi-Family Residential
· Storm Water Management, Community Gardens and Open Space
UrbanStreet Proposal
Community Partnership
Factors that affect what will be built and when:
•  Market demand for proposed stores, businesses and
residences of the new Crestwood Court
•  Public input
•  Ability to generate tax revenue for City of Crestwood
•  Tax increment financing (TIF) to offset high cost of
preparing site (storm water management, utilities,
etc.)
STATION #2
Service Retail
Service Retail
Approximately 3 acres on the western edge of the site
will be used for retail services such as a specialty grocery
store, fuel station, pharmacy, and fast-casual dining.
What would you like to
see in Service Retail?
Add your ideas to the map.
STATION #3
Entertainment
& Destination
Retail
Entertainment & Destination Retail
Approximately 20 acres in the middle of the project will consist of
an entertainment/dining/retail core that will include a movie
theater, office space, destination restaurants and a “town square”
area with outdoor gathering areas.
What would you like to
see in Entertainment
and Destination Retail?
Add your ideas to the map.
STATION #4
Multi-Family
Residential
Multi-Family Residential
Approximately 11 acres in the site’s southeast section will be dedicated to
multi-family residential living – the kind of housing that attracts young
professionals, couples, empty nesters, and active seniors. The exact type of
housing has not been determined.
What would you like to
see in Multi-Family
Residential ?
Add your ideas to the map.
STATION #5
Community
Gardens &
Open Space
Community Gardens & Open Space
Because so much area is dedicated to storm water
management, there is an opportunity for community
gardens for Crestwood residents. Open green space will be
available for everyone to enjoy.
What types of amenities
would you like to see in
the Community Gardens
and Open Space?
Add your ideas to the map.
STATION #6
Storm Water
Management
Storm Water Management
The Crestwood Court site steeps over 100 feet from one end to the other – the
equivalent of a 10-story building. Therefore site redevelopment must include storm
water management to protect Crestwood’s streets, homes, and businesses from
flooding. The proposal’s storm water detention and treatment will also fulfill
Metropolitan St. Louis Sewer District’s requirements for new developments.
Storm water management can
involve:
•  Underground basins or pipes
•  Above ground landscaping such as
ponds or lakes
As the detention basins fill, they are
safely drained through the storm water
system preventing dangerous floods.
STATION #7
Next Steps
Next Steps
•  Continue collecting public input and ideas
•  Work closely with city planners, neighbors, and
Lindbergh School District
•  Finalize proposal
•  Partner with City of Crestwood on financing
•  Locate businesses for Crestwood Court
•  Demolish old site and begin construction
What It Will Take
City of Crestwood
The Crestwood Court Redevelopment Project will be
discussed at a series of Crestwood Planning and Zoning
Commission, TIF Commission and Board of Aldermen
meetings in Fall 2015.
The City of Crestwood is a project partner for:
•  Public involvement
•  Financing
•  Planning and zoning
•  Infrastructure
Project Funding
The Crestwood Court Redevelopment Project will cost approximately $99
million. The majority of the funding will come from private funds.
The project proposes to use tax incremental financing (TIF), a Community
Improvement District, Transportation Development District and perhaps
other incentives to help pay for the project's costs, which include:
•  Massive demolition
•  Storm water detention and mitigation
•  Site topography changes
•  Installation of infrastructure of all kinds
STATION #8
Public
Involvement
Just the Beginning
This is the beginning of the planning process for the Crestwood
Court Redevelopment Project.
Here is how you can stay involved:
• 
Receive project email updates
• 
View the open house boards and complete open house comment form here
or at www.newcrestwoodcourt.com before July 15
• 
Stay informed about upcoming City of Crestwood TIF Commission, Planning
and Zoning Commission and Board of Aldermen meetings in Fall 2015
• 
Provide comments throughout the project at www.newcrestwoodcourt.com
Public Comment
Please complete a comment form on
paper or at iPad station. Thank You!
Visit us:
Email us:
Write us:
www.newcrestwoodcourt.com
[email protected]
Crestwood Court Redevelopment Project
c/o Vector Communications
701 N. 15th Street Mailbox 43
St. Louis, MO 63103
STATIONS #2-6
Project Maps