Susan Smith-Harmon
New hope for landmark Arcade Building downtown
Thursday, 13 June 2013 11:58 Published in Around Town
There's new hope for a long-vacant, landmark building in downtown St. Louis. A Minneapolis developer has bought the St. Louis Arcade Wright building at Eighth and Olive Streets.
Dominium Developments paid $9 million dollars for the building, and plans to spend another $100 million to turn the 18 story structure into a retail and residential center. The plan calls for about 250 apartments and three floors of retail.
City officials are working with Dominium to finance the renovations.
Work is expected to begin in December.
This is the second proposal to revitalize the landmark building. Six years ago a similar plan failed when the developer went belly-up.
The BJC Hospital group is laying off 160 employees from it's 13 hospitals.
BJC officals say the lay-offs necessary because of a decline in in-patient care. The problem, they say, is that people are delaying treatments, some for lack of insurance, others because of high co-pays.
Layoff notifications started going out Wednesday.
Most of those affected work in administrative and management positions. BJC says those laid off will receive severance pay based on years of service.
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There's new hope for a long-vacant, landmark building in downtown St. Louis. A Minneapolis developer has bought the St. Louis Arcade Wright building at Eighth and Olive Streets.
Dominium Developments paid $9 million dollars for the building, and plans to spend another $100 million to turn the 18 story structure into a retail and residential center. The plan calls for about 250 apartments and three floors of retail.
City officials are working with Dominium to finance the renovations.
Work is expected to begin in December.
This is the second proposal to revitalize the landmark building. Six years ago a similar plan failed when the developer went belly-up.
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