Former Godfrey auto lot sold to developer for new road, retail

The property of the former Halloran Auto Sales location, 5601 Godfrey Road, has been sold to St. Louis Developer, Eastland Properties.

In a community update, Godfrey Economic Development Director Jim Mager said the plans for the property call for developing a retail center. Eastland is the company that developed the existing McDonald’s and Arby’s on Godfrey Road.

Plans are to extend Stamper Lane east into the property with a four-way stop intersection. The developers will construct two buildings housing retailing type operations. The north building will be approximately 10,500 square feet and the south building will be 9,500 square feet. Adequate parking will be developed to accommodate the retail trade of those buildings.

Prior to the developers purchasing the property the TIF district was amended to include the location. The property is also in the Business District and the Enterprise Zone.

The intersection of Godfrey Road and Stamper Lane enjoys a traffic count of 20,500 cars per day, Mager said, adding the location will be ideal for retail once fully developed.

The Village of Godfrey and Eastland Properties are in the process of finalizing a development agreement. This agreement will lay out the terms and responsibilities of both the village and the developer. Short-term plans call existing building will be razed and the property conditioned for future construction on the site.