Cupples 7 Building Demolition Could Begin Next Week
SAINT LOUIS, MO (KTVI) – City leaders met with the last developer for the Cupples 7 building last week. They determined that the Vertical Realty Advisers financing would not work for rehabbing the building.
Now, Vertical is working on a different approach to financing. Unless the developer can put together a plan by Friday then demolition of the Cupples 7 building will begin next week.
An independent engineering report says the Cupples 7 building is an imminent threat to public safety. Inspectors are afraid that the building will collapse and hurt someone.
Spiritas Wrecking Company was awarded the demolition contract. The company will begin to move heavy equipment to the site over the next few days. They do not anticipate new street closures. Right now, 11th Street from Spruce to Poplar, and Spruce between 10th and 11th Streets are closed.
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