While IKEA coming to St. Louis is not necessarily breaking news, the selected location at the corner of Forest Park Parkway and Vandeventer was still a surprise to some.
In regards to the location question, the St. Louis Business Journal (12/4/2013) quoted an IKEA spokesman as saying “highway visibility and accessibility; centrality in the region; and available land” were keys issues in this particular site selection.
IKEA is part of Phase III of the Cortex Development whose objective it is to “Transform a 200-acre midtown industrial neighborhood into vibrant, 24-7 live-work-play-learn innovation community.”
(Slide taken from a presentation given to the Urban Affairs Committee of SLAR in March 2014)
The area is anchored by Saint Louis University to the east and the Washington University and BJC Medical Campus to the west. Other area amenities include the Grand Arts Center District, Central West End, Forest Park and Missouri Botanical Gardens.
(Slide from the Presentation to the Urban Affairs Committee of SLAR in March 2014)
The Innovation District Projections include 3,700,00 square feet of mixed use space, 13,000 new jobs and $711 million in annual payroll.
Now, that is starting to sound pretty interesting!
Check out some of the nearby housing options below:
A quick radius search of 3miles around the district shows that there are 145 active listings with 3+ bedroom homes priced above $200,000.
Here are two of my favorites:
3159 Allen: An expansive home with a cottage feel in sought-after Compton Heights for just $339,900
3285 Gustine: A sleek town-home style condo in the heart of Tower Grove South includes access to two salt-water pools on the back deck. List price $339,900