Development Projects

Most of the developments listed have received funding or incentives from the City of St. Louis. Assisting development in the City is the core goal of St. Louis Development Corporation.

Big Brothers/Big Sisters Woolworth Bldg

501 N. Grand
St. Louis, MO, 63103
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Located at the northwest corner of Olive and Grand, the Woolworth Building has been renovated by Big Brothers Big Sisters of Eastern Missouri (a United Way organization). It is now officially the Big Brothers Big Sisters Building and is also home to Kranzberg Arts Center.

The Woolworth store was built in 1940 after the Old Beers Hotel was destroyed by fire. The new building was constructed in a way that 13 additional stories to be added in the future. The plans called for a “modern design with bold horizontal lines.” The original building was built with only two stories, but in 1950 a third floor, a pair of new escalators, new terrazzo floors, modern lighting fixtures and air conditioning were added to make for a newly remodeled F.W. Woolworth store.

Developer: Owen Development Corp.
Owner:Grand Center Inc.
Square Footage: 60000
Project Cost:   $ 14,000,000
Funding Source(s): Private Debt/Equity, Historic Tax Credits, TIF, Neighborhood Assistance Program Tax Credits
Status: Complete

Last Updated: 05/03/2010

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