Illinois Business Journal Illinois Business Journal
.
. . . . .

Massive developments at stake as cities fight over annexation

 Read the Illinois Business Journal

Archived Articles
  • architecture
  • banking
  • business
  • commercial dev
  • construction
  • economic dev
  • engineering
  • finance
  • healthcare
  • human resources
  • labor
  • law
  • real estate
  • redevelopment
  • technology
  • telecom
  • training
  • transportation
  • workforce

 

By ALAN J. ORTBALS

   COLUMBIA/DUPO - Two developers are planning huge developments along Illinois 255 in the vicinity of the Jefferson Barracks Bridge in Monroe County, Ill. but arguments over annexation threaten both projects.
   The city of Columbia has entered into a development agreement with G.J. Grewe Inc. to develop 4,000 acres surrounding the Fish Lake Road overpass over 255. The development agreement encompasses [continue]

Gravois Bluffs in Fenton by G.J. Grewe Inc
Gravois Bluffs, a large retail area in Fenton, Mo. by Crestwood, Mo.-based G.J. Grewe Inc., is an example of the type of development Grewe plans to create for the city of Columbia, Ill. But the city's current wrestling match with the village of Dupo (due north) over annexation may complicate those plans.
.

 Edwardsville restoring 95-year-old theater

.
. Edwardsville Wildey Theater
The city of Edwardsville is renovating the Wildey Theater in hopes of reviving the long-vacant movie house. The evolving film industry has made many old theaters obsolete. (see story on page 22 in our print edition)
.		 .

Southwestern Illinois' population shuffling from American Bottoms to Bluff cities
By KERRY L. SMITH

   Much like St. Louis' population movement westward from the city to St. Charles County and beyond, Southwestern Illinois has seen a similar migratory trend - although on this side of the Mississippi River, it has been a movement from the Bottoms to the Bluffs.
   What the two slices of the bi-state region have in common, urban planners agree, is that both areas have seen a trend of movement away from the core cities and out to the suburbs.
   According to U.S. Census figures from 1990 through 2003, Southwestern Illinois' most populated counties, Madison and St. Clair, which together comprise roughly 600,000 residents, have not experienced net measurable growth. Since 1990, Madison County's cumulative population increase - as of a U.S. Census estimate performed in July 2003 - was 4.95 percent. For that same [continue]

 Parsons Place enters second phase
 By AMANDA COOK

.

 
   If the strength of cities lies in their neighborhoods, then East St. Louis should prepare itself for positive changes.
   The Parsons Place housing initiative in the Emerson Park neighborhood has begun Phase II of development, following what developers and community leaders say was an overwhelming response to Phase I.
   "We really underestimated the demand for this, and so did everyone else," said Barbara Freeland, executive vice president for McCormack Baron Salazar Inc. The company is partnering with the Emerson Park Development Corp. to develop the project.
   Phase I is comprised of 171 units of one-, two- and three-bedroom apartments, of which 75 percent were leased under the low-income housing tax credit program and 25 percent are market rate apartments. Phase II will include 102 similar units.
   "We're not talking about just lower-income residences," Freeland said. "We are doing a mixed-income development so [continue]

Parsons Place in Emerson Park
Phase II of Parsons Place, in the Emerson Park neighborhood of East St. Louis, is ready to move forward. Developer McCormack Baron Salazar Inc. will build 102 affordable housing units to add to the 171 units it completed in 2001.
.

 .
 
.

 

Subscribe | Fund Raising | Advertise | Editorial Calendar | Archives | Contact Us

Illinois Business Journal Inc   P.O. Box 248   Edwarsville, IL 62025
General Inquiries: info@ibjonline.com
Phone 618-659-1997

Copyright © 2009 All rights reserved.
Website hosted and maintained by www.GHS64.net