Thursday, September 27, 2007

Mercantile Exchange Project to Include Renovation of Mercantile Library

On Wednesday, Pyramid Construction unveiled its plans for the Mercantile Exchange, a major downtown retail district that will encompass the former Dillard's building and St. Louis Centre as well as one of my personal favorites, the Mercantile Library building. While Wednesday's announcement doesn't give specific details regarding the Mercantile Library building, the overall plan calls for a total of 160,000 square feet of new retail space, a 216-room hotel, 525,000 square feet of office space, 175 condos and 120 luxury apartments.

The first phase appears to be the renovation of the Dillard's building - now known as The Laurel - which already has a sales center open at the corner of 7th and Washington. The Washington Avenue skybridge is slated for demolition in the spring of 2008, with the transformation of St. Louis Centre - which will be known as The Concord - to follow. The Mercantile Library building will most likely be the final phase of the project.

The Mercantile Exchange should tie in nicely with downtown's other planned retail developments around the Old Post Office (namely, the Arcade) and its existing retail anchor, Macy's.

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