Ground broken on long-awaited $35 million Edwardsville Town Center
Plocher Construction Co. Inc. has broken ground on Edwardsville Town Center. The new $35 million, mixed-use development located at the intersection of Governors’ Parkway and Illinois Route 157 in Edwardsville, is going up on the former Madison Mutual Insurance Co. headquarters site, an area that local officials have wanted to see developed for some time.
The 26-acre project will consist of six out lots, three mixed-use residential buildings, single story retail buildings and a new 40,000-square-foot flagship store for Kloss Furniture.
The project will include approximately 78,000 square feet of leasable commercial retail space. The Town Center Lofts will consist of 184 luxury apartments units and will be a mix of one and two-bedroom units.
The project will include multiple amenities, which include a resort style pool, social lounge, walking/jogging paths and connection to the Madison County Bike and Walking trails. The Edwardsville Town Center vision is to bring an urban lifestyle development to the Edwardsville and the surrounding communities that combines the convenience of a downtown with the feel of a neighborhood.
NAI Desco is serving as the broker for the retail portion of the development. The Metro-East real estate and development law firm of Byron Carlson Petri & Kalb, LLC is serving as legal counsel for the development. The project will be completed in phases over the next two years with final completion expected in 2020.
Founded in 1993, Plocher Construction Co. is one of the largest privately held general contracting firms in the St. Louis area. Plocher specializes in heavy industrial, design/build, transportation and development-related projects. Visit www.plocherco.com and www.naidesco.com for more information.
