Financing in place for 1st phase of St. Louis riverfront project [Video]

ST. LOUIS — A massive $1.2 billion project on the downtown riverfront has financing for its $200 million first phase, according to the developer.

The Gateway South project has financing in place for phase 1, which would primarily consist of the historic rehab of the Crunden-Martin building complex south of the Gateway Arch, said the developer, Greg Gleicher, CEO of New York-based firm Good Developments Group.

The seven former factory buildings, which are brick and take up more than a full city block, would be converted to more modern industrial uses as the first part of a proposed construction innovation district that would anchor the larger redevelopment. One is located at 812 S. Second St.

The 94-acre project from New York-based developer Good Developments Group, spanning three city neighborhoods …