ST. LOUIS — Green Street ÃÛÑ¿´«Ã½, the developer renovating the historic Armory building along Highway 40 (Interstate 64) in Midtown, is now planning to add two towering apartment buildings to the complex, the developer said this week.
Green Street is planning about 520 market-rate apartments just east of the Armory, which is slated to become an entertainment venue with yard-game-focused sports bar as its main tenant. Rec Hall will offer cornhole, bocce, pingpong, league tournaments in soccer and pickleball, as well as other activities and food and drinks.
The goal is to create a 24/7 neighborhood with the historic Armory building as the district’s anchor, said Green Street founder and CEO Phil Hulse.
“Our mission is to not only have the Armory as an amenity ... but that chemistry you need to create a community,†Hulse said.
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The project is estimated to cost roughly $160 million, $80 million for each building, though it hinges on financing — Green Street is looking for investors and lenders now. The firm’s goal is to start construction later this year and wrap up after 24 months, Hulse said.
Built in the 1930s for the Missouri National Guard, the Armory has been revamped over the years to host tennis tournaments and even a Grateful Dead concert.
But the site is sandwiched between I-64 and train tracks with no obvious path to access it. That’s why Green Street plans to promote the Armory district’s proximity to MetroLink and MetroBus stops. The developer also is banking on the proposed Brickline Greenway, a biking and hiking path from Fairground Park to Tower Grove Park, which is projected to route near the Armory.
To further help visibility, Green Street will build the apartments atop structured parking to give residents better views and to be visible from the street.
“We kind of sit down below what people’s eyes see when driving west on Highway 40,†Hulse said. “You’ll feel like you’re connected to Grand.â€
Across I-64 from the Armory, developer New + Found is planning apartments for City Foundry, a $300 million rehab of the old Federal Mogul factory in Midtown that features a mix of food halls, entertainment and office space. New + Found plans to build 282 apartment units, as well as more office, retail and parking, for $115 million.
