Saturday, September 15, 2012
The developer's decision to leave the Richmond Heights neighborhood—first reported in the St. Louis Post-Dispatch—drew reaction on Twitter and Facebook.
- Nate Birt
Saturday, September 15, 2012
After learning Saturday that Pace Properties has withdrawn its plan for a $125 million retail development in the Hadley Township neighborhood of Richmond Heights, people used Twitter and Facebook to share their reaction. The St. Louis Post-Dispatch first reported the news. The following is a sampling of online commentary. From Twitter @nextSTL: "This means no IKEA there." @tjdunnigan: "Drats!" (re: IKEA) @Central_Realty: "although this is a great site maybe its time to give up?" @sierramike320: "92yr refuses to SELL" (in reference to this Post-Dispatch profile) From Facebook.com/ClaytonRichmondHeightsPatch Pat Wilken Maloney: "I am a little surprised....especially with the amount of money, the homeowners have been offered. I feel sorry for…
The company was unable to reach buyout agreements with some Richmond Heights homeowners, the St. Louis Post-Dispatch reported.
- Nate Birt
Saturday, September 15, 2012
Pace Properties will not continue to pursue its $125 million retail development just south of The Heights community center, the St. Louis Post-Dispatch reported Saturday. The Menards project just north of Maplewood Commons still is moving forward. Quoting from the Post-Dispatch: "Rick Randall, Pace Properties Inc. senior vice president, said the company would not try to use eminent domain to force the reluctant property owners to sell." Read reaction from city officials and hear more from the developer about the challenges posed in Hadley in the complete Post-Dispatch article. More about Hadley Township development on Patch:
Tuesday, August 21, 2012
The development company made a presentation to City Council on Monday night in St. Louis.
Representatives with Pace Properties updated the Richmond Heights City Council on Monday about the status of its discussions with Hadley Township property owners. The company is planning a $125 million retail development just south of The Heights community center. "You have some tremendous residents in that area," said Rick Randall, senior vice president of Pace. "They really are some awesome people, and they've got some big decisions to make, and I appreciate the fact that some of them are taking longer than I had hoped." Randall said there are 68 properties in the area that his company has been working with. While the company does not have signed contracts for commercial properties, "we basically have come to an agreement in principle …
Monday, August 20, 2012
The developer is planning a $125 million retail project just south of The Heights community center. Richmond Heights City Council will hear an update at its Monday night meeting.
Representatives from Pace Properties are expected to update the Richmond Heights City Council on Monday night about their buyout discussions with Hadley Township property owners. The company has proposed a $125 million retail development just south of The Heights community center. It has set up an office on Hanley Road in conjunction with Menards, which plans to develop the section of Hadley just north of Walmart and other Maplewood Commons stores. The two companies are using the space to discuss buyout offers with property owners. Earlier this month, a Menards representative told City Council that the hardware chain was as much as two months behind schedule. The Monday meeting begins at 7:30 p.m. at City Hall. More about Hadley Township …
Thursday, August 9, 2012
The company is planning a hardware store on Hanley Road just north of Maplewood Commons.
A Menards representative on Tuesday updated the Richmond Heights City Council on the status of their hardware store planned in Hadley Township "We finally have made offers," said Peter Sheehan, who represents the company. "We started making offers about 10 days ago." In all, Menards is working to get contracts on 84 parcels of land in Hadley. The company is planning a $56 million development just north of the Walmart in Maplewood Commons. The company is between six weeks and two months behind the schedule it planned, Sheehan said. He said that the process has been a little more daunting than anticipated and that the company is in the process of opening several other stores in the St. Louis area. Sixteen Hadley Township homeowners have been…
Wednesday, July 18, 2012
Richmond Heights City Council discussed the developers on Monday night.
Pace Properties and Menards on Monday received more time to sign and fund their respective preliminary funding agreements in Hadley Township . It happened during a meeting of the Richmond Heights City Council. The extensions run through Sept. 17. "The reason we're doing this is that our funding agreement came due but the project has not moved forward in a timely matter," so the city had to authorize an extension for contractual reasons, Mayor James Beck told the audience. Pace is planning a $125 million retail space just south of The Heights community center. Menards hopes to develop the space just north of Maplewood's Walmart. City Manager Amy Hamilton said the council could request the presence of Hadley and Pace representatives at one …
Friday, July 6, 2012
It may be Richmond Heights' last attempt, according to Mayor James Beck, who was interviewed by the St. Louis Post-Dispatch on Thursday.
Pace Properties would like to buy the northern half of 40 acres in the Hadley Township in Richmond Heights for a retail development. The homeowners are in limbo, not knowing if it will go through or not. It's the third time in six years a developer has tried this. In a St. Louis Post-Dispatch article, Mayor James Beck stated that the current effort by Pace Properties to develop Hadley Township may be the last, if it fails. From Thursday's story: "This is very likely the city's last effort to seek redevelopment," Mayor James Beck wrote recently to residents of Hadley, at Highway 40 (Interstate 64) and Hanley Road. Read the rest of the article from the St. Louis Post Dispatch. Read related articles on Patch:
Wednesday, June 20, 2012
A Friday message from Mayor James Beck states that Richmond Heights is committed to ensuring Hadley Township property owners are treated fairly amid redevelopment.
Richmond Heights remains committed to the fair treatment of property owners as Pace Properties and Menards proceed with redevelopment plans. That's the message from Mayor James Beck in a letter he wrote last week to property owners. "The city has made it abundantly clear to each of the developers that residents be treated fairly and with respect," Beck wrote. "The city plans to utilize TIF funds from future tax revenue generated by the new projects to enable the developers to offer acquisition prices well above market values and to also provide relocation benefits." The letter also states that the Menards-Pace effort is "very likely the city's last effort to seek redevelopment." If it fails, homeowners will be required to fix blight or …
Wednesday, June 6, 2012
U.S. Rep. Russ Carnahan (D-MO) referenced residents Arthur and JoAnn Bailey in a Friday statement chastising Richmond Heights for what he described as its efforts to destroy a history neighborhood.
The latest effort to redevelop Hadley Township has left a U.S. representative "disappointed" and its residents "in limbo," according to a statement issued Friday. U.S. Rep. Russ Carnhan (D-MO) represents the Richmond Heights neighborhood and is seeking election to the newly formed 1st Congressional District. He faces a fight with U.S. Rep. William Lacy Clay, also a Democrat. The City of Richmond Heights had no comment about the statement. The full statement follows: “As Representative of the 3rd Congressional District in Missouri, I am disappointed that Richmond Heights is continuing its decade-long effort to destroy a historic neighborhood, seeking to hand over the land for retail development. Each previous developer’s efforts to …
Monday, April 9, 2012
He expressed concern about the level of taxpayer support the company is seeking from Richmond Heights.
A Menards request for $24.1 million in tax-increment financing is "galling," Chad Garrison of The Riverfront Times wrote in the previous issue. The company plans to develop a store in part of the Hadley Township neighborhood of Richmond Heights. Quoting from the article about that project and another by Pace Properties: "Who do these developers think they are -- an NFL team!? (Apologies to Stan Kroenke -- oh, wait, never mind.) And what happened to the original plan for Hadley Township -- to make it a mixed-use development with retail and housing?" Richmond Heights communications coordinator Irene Johnson responded to his questions. Read her comments in the complete Riverfront Times article. More about Hadley Township on Patch: