December 3, 2009 at 2:42 pm

Ballpark Village start date? 2011… Maybe

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The Post Dispatch is reporting that Cardinals President Bill Dewitt III has informed them not to expect any changes in the 2010 lineup at the future Ballpark Village project location. Citing uncertain market conditions and financing concerns, it seems that 2011 is the earliest we can expect to hear anything. Obviously this site will eventually be developed since it is arguably the most developable infill location in the City of St. Louis, but this wait is a little trying.

On one hand I want to see the best development possible so if that means waiting for things to get better in the real estate market, so be it. On the other hand, I just can’t believe that they can’t get this thing off the ground considering St. Louis’ love affair with all thing Cardinals baseball. If other projects Downtown can get off the ground in less desirable locations I have no doubt that demand at Ballpark Village would be enough to get the first phase of this project off the ground at least. Hopefully the wait is worth it in the end and they don’t just plop a cookie-cutter project down. Too bad it will be so long until we find out.Enjoy playing softball and parking close to the stadium.

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Matt Kastner is the owner/broker of Threshold Investment Properties in St. Louis, Missouri. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business for over four years. Email Matt


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