500Ksf Mixed-Use Development Planned for Vacant Hanley-Clayton Road Site
1/20/2023 Accurate Disbursing
From Nextstl.com Vacant for nearly two decades, the prominent corner of Clayton and Hanley Roads may finally be redeveloped. Planned is more than 500Ksf of retail, including a grocer, more than 40Ksf of office space, and as many as 291 residential units.
GBT Realty Corporation of Nashville, Tennessee enlisted HDA Architects to complete preliminary design work. A proposal in 2009 envisioned more than 100Ksf of office space and a 200-room hotel. The GBT plan is almost a mirror image of that proposal, which placed an office tower at the busy intersection.
The new proposal filed with the City of Clayton shows a residential tower of at least 12 stories to the far east end of the large parcel. A 488-space parking garage is wrapped by 44 apartments, and toped by the 12-story, 247-unit apartment tower. The property is current zoned commercial to the west and residential to the east.
Plans show a single row of surface parking abuts the street at the corner, where a 7,000sf restaurant space flanked by two 3,000sf retail bays are shown. A 23,000sf grocer occupies the central portion of the development and is connected to the parking garage. A second story above retail would be more than 40,000sf of office space.
The vacant building, once a Schnucks grocery, was rumored to be the new home of The Fresh Market, a North Carolina grocer looking to enter the St. Louis market. A traffic study was completed and the property owner confirmed the grocer had signed a letter of intent to occupy the existing 33,000sf building. It is assumed that The Fresh Market will be the grocer in the mixed-use development.