Commercial Development Company, Inc. (CDC) | Sustainable Redevelopment, Environmental Risk Management | PRESS RELEASE
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PRESS RELEASE

PRESS RELEASE

09:08 07 October in Press Release

24 September 2015

Rangeline Companies Acquires Former Des Peres Quarry, Plans Mixed-Use Development

 

St. Louis, MO –Rangeline Companies, a St. Louis based developer of assisted living facilities, today announced the acquisition of the former Des Peres Quarry from Commercial Development Company, Inc. (CDC), and plans for a mixed-use development on the site.

Immediate plans for the site include a 60-unit assisted living facility to be developed by Rangeline and operated by Provision Living LLC, and a 254-unit luxury apartment complex to be developed by Mike Towerman LLC.  Both projects are scheduled to break ground in late 2015.

Future plans for the site include a hotel co-developed by CDC and Midas Hospitality, as well as a class-A office/retail development, details of which to be announced at a later date.

Casemark LLC is the master developer for the site. ARCO Construction Company, Inc. is the general contractor for the site development and the Provision Living facility.

CDC acquired this site in 1994 and has since been preparing it for vertical development. Once a 180 foot deep rock quarry, CDC has completed its plan to fill the quarry with approximately 6,250,000 cubic yards of clean fill material to create one of the largest infill development tracts available in West St. Louis County.

St. Louis County has re-zoned the site for mixed-use purposes, which prepares the way for this new development.

Grading and utility installation on the site is underway. Vertical construction of the assisted living and luxury apartments is scheduled to begin in November 2015. Hotel construction will begin in early 2016.

Total costs for this development project are expected to exceed $100 million. This project will be privately financed and will not require public assistance.