ST. LOUIS (KTVI) – Ground is about to be broken on a major project in midtown that will be like nothing else in St. Louis.
A rusty building on this weed choked lot used to be the Federal-Mogul Foundry; but now plans are on the book to turn it into something unique for St. Louis, and the word is they are ready to move some earth.
The old Federal-Mogul Foundry sits on 14 acres of what has become prime real estate because it sits just one block east of the new IKEA. Soon instead of trash, broken glass and rotting buildings this areas will be turned into what`s know as a food hall. The hall is expected to host traditional restaurants and about 40 stalls for people selling individual food and drink products. Sort of a food court for start-ups which is certainly in keeping with the spirit of the cortex innovation district which also sits just to the west.
Although this concept will be new to St. Louis it is something that has been successful in other large cities, including Philadelphia where they call their food hall the reading terminal market.
The St. Louis version will be called the City Foundry Food Hall and Market.
The alderman for the area says the Lawrence Group; the developer which bought the property is ready to start doing the preliminary environmental clean up work within the next several weeks.
The plan has several phases that include office buildings apartments and even a grocery store.
While the site itself looks like something you might want to bulldoze the old foundry building will be saved and turned into the food hall.
The cost of the entire project is estimated at about $230 million dollars.
We were unable to reach anyone from the developer for a comment.
The first phase is expected to be completed in 2018.