St. Louis Board of Aldermen Approves $104M Project to Transform Historic Jefferson Arms Building
ST. LOUIS – The St. Louis Board of Aldermen has approved the $ 104 million project to convert the historic Jefferson Arms building in downtown St. Louis into a residential and commercial complex. Construction is expected to start in 2022 and be completed in mid-2025. Alterra Worldwide is the developer. The project has received a $ 20 million tax increase funding to cover environmental remediation and rehabilitation costs.
The Jefferson Arms Building was built in 1904 in anticipation of the First World’s Fair and is within walking distance of Cardinals Busch Stadium, America’s Center Convention Complex, Kiener Plaza, and Arch Grounds. The building has been empty since 2006.
The St. Louis-based Kwame Building Group is acting as site manager. Merriman Anderson Architects Inc. is the project architect. When the remodeling is complete, the development will include historical elements such as exposed brick and original floors. Amenities include a fitness and yoga studio, business center, game room, media room, music room, and art room. The project now has full approval.