STREETS OF ST. CHARLES PLANS NEXT PHASE OF CONSTRUCTION SPRING 2018

Posted Oct 23, 2017

New 60,000 SF Building Will Continue to Fill Need for Retail and Office Space in St. Charles County

(Peoria, IL, October 23, 2017) – Long known as the Mecca for chain restaurants and big box shopping, St. Charles has recently claimed its place among foodies, boutique shoppers, and new-urban dwellers with the opening and continued expansion of Streets of St. Charles. The mixed-use development has quickly gained a reputation for bringing unique offerings to the St. Louis region, and has announced plans to begin construction on the next building on the property, a 60,000 square feet, three-story structure designed to accommodate more retail and office tenants.

Design-related activities, being done by St. Louis architecture firm, Oculus, Inc., are well underway for the building and are scheduled to be completed later this year in preparation for starting construction in Spring 2018. Located at the northeast corner of Beale and Lombard Streets across from Firebirds and P.F. Changs, the new building will complement other multi-story mixed-use buildings on the site.

Approximately 20,000 square feet of prime retail space will be available on the ground floor, with two levels of office space totaling approximately 40,000 square feet above the ground floor retail. Pre-leasing is now underway, with anticipated tenant turnovers by Fall 2018. Cullinan Properties is leasing the ground floor retail space and Balke Brown Transwestern is marketing the office space for the building.

Today, Streets of St. Charles is home to many St. Louis area firsts, including Prasino, Tucanos Brazilian Grill, and Firebirds Wood Fired Grill, as well as locally owned retailers such as Leopard Boutique, Olivino Tasting Bar, and Sole & Blues, among others. The area’s newest Drury Plaza Hotel opened in August 2017, and St. Louis’ first Tru Hotel by Hilton is currently under construction.

“We’ve quickly learned through conversations with potential tenants, and the community in general, that Streets of St. Charles is the place people want to be,” said Kathleen Brill, Vice President and Director of Leasing for Cullinan Properties. “Our current tenants are expanding, experiencing extreme growth, and thriving in the community that’s been created here. St. Charles and the entire region have embraced the destination concept, and the many one-of-a-kind businesses located here. We expect that the latest addition to the property will fill up quickly, adding to the unique and vibrant atmosphere that is Streets of St. Charles, and have already had significant interest from retail, service and office users.”

Streets of St. Charles, which opened in 2012, was developed with a vision to bridge the gap between the landscape of traditional offerings that existed in St. Charles County at the time and the untapped demand in the market for new and unique shopping, dining, service, living and work experiences. That vision has not only developed into a popular community attraction, it has also paid off for the tenants who are seeing their businesses grow. Bar Louie recently completed a 2,100 square foot expansion that includes a private event space, a second bar, and additional seating. Mission Taco, which just opened in June 2017, is already adding space to accommodate their growing needs.

“This level of growth demonstrates that there was pent-up demand for a destination like Streets of St. Charles, which is attracting patrons from across the St. Louis area and beyond – demand that, quite frankly, surprised others,” said Brill. “We’re setting the benchmark in the region for this type of development. There was previously nothing to compare, and others are now looking to us as that standard. We’re proud to have created a destination where businesses can grow, and the community can find a home.”

About the Streets of St. Charles
Owned and managed by Cullinan Properties, Ltd., The Streets of St. Charles is a distinctive 27-acre mixed-use community with retail, dining, entertainment, hospitality, multi-family and office components. With a town center design that creates a neighborhood atmosphere, the Streets of St. Charles is unique in the market and includes all the latest amenities for sophisticated living, casual and elegant dining, retail, modern offices, and entertainment. For more information on Streets of St. Charles, visit streetsofstcharles.com.

About Cullinan Properties, Ltd
Cullinan Properties, LTD. is a leading provider of real estate services specializing in commercial and mixed-use developments and acquisitions. With offices in Peoria, IL, Chicago, IL and St. Louis, MO, Cullinan Properties is a multi-disciplined real estate firm that develops, manages and owns mixed-use, retail, multi-family, office and medical properties throughout the United States, including Illinois, Missouri, Texas, Georgia, Michigan and Kansas. For additional information about Cullinan Properties, Ltd., visit cullinanproperties.com.
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