A concept drawing of the planned development. North-south Interstate 55 cuts through the center. East-west Illinois Route 143 cuts across the top.
EDWARDSVILLE – Pangea Development Co. has announced it has secured a master developer for its newest endeavor, a 95-acre mixed-use commercial development to be located in Edwardsville at the southwest corner of the Interstate 55 and Illinois Route 143 interchange.
The project, named Pin Oak Plaza, will be a joint partnership between C.W. Byron Properties, L.L.C. and Plocher Construction Co., which will own, manage and perform the site development work. Construction is scheduled to begin this summer.
As currently planned, Pin Oak Plaza will combine a light industrial and logistics business park component with an attractive mixed-use commercial frontage plaza that will include a hotel, one or more restaurants and related amenities.
The development will contain a dedicated entry off Illinois Route 143, tree-lined streets, a 2-acre lake and green space buffers. Pin Oak Plaza will be a major facilitator of new commercial business on the east side of the city, Sean Goding, president of Pangea Development, said.
In addition, the development will result in new infrastructure improvements in that area and will serve as a connector from Route 143 to the planned Plummer Family Sports Park, a 78-acre state-of-the-art sports park that will be located adjacent to Pin Oak Plaza and include multiple soccer, baseball and softball fields.
“Pin Oak Plaza is a good example of a project that balances the city of Edwardsville’s vision and goals contained in the I-55 Corridor Plan as well as the evolving needs of commercial end users by providing a centrally located site with attractive economic incentives, a high traffic count and ready access to multiple forms of intermodal transport,” said Goding. “One of the primary development goals is to help the city continue to develop its role as a corporate relocation destination while creating interstate travel-related amenities and new jobs, all while highlighting the role of Southern Illinois as the logistics and transport center of our nation.”
“We look forward to working with Plocher Construction, Inc. and attorney Christopher W. Byron from the Edwardsville law firm of Byron Carlson Petri & Kalb, LLC. Mr. Byron has extensive experience in assisting clients in real estate development ventures. Additionally, Scott Plocher, president of Plocher Construction Inc. is the president of one of the area’s fastest-growing regional construction companies that focuses on industrial, commercial, and utility construction,” said Goding.
Pangea Development, LLC was formed in 2005 as a land investment, development and management company specializing in the development of ecologically sensitive and LEED certified commercial and residential real estate projects.
The municipality of Edwardsville was aware of Pangea’s efforts to develop the site and expects its involvement to pick up with this announcement, Economic Development Director Walt Williams said. Pangea has requested that the land be included in the area’s enterprise zone, he said.
Pangea has offices in Mascoutah and Hazelwood, Mo.
— From the Illinois Business Journal