St. Louis — Confluent Development has completed its redevelopment of the historic Southwest Bank property in St. Louis’ Southwest Garden neighborhood. The project features retailers BMO Harris Bank, which remained operational throughout the redevelopment process, and Walgreens, which recently celebrated its grand opening.
Confluent Development, a Denver-based real estate investment and development firm, serves as the project’s developer and owner. The infill project represents the first development of its kind in St. Louis by preserving the historical façade along the Kingshighway Boulevard portion of the project while redeveloping the remainder of the underutilized land. The project broke ground in April 2018.
Located in the Reber Place Historic District, the site was formerly home to Southwest Bank. The property was also the location of a famous 1953 bank robbery, with the 1959 film “The Great St. Louis Bank Robbery” starring Steve McQueen later filmed on-site.
Relocating from its former location within the neighborhood, the new Walgreens store includes a pharmacy drive-thru to enhance customer convenience. The BMO Harris Bank also features a drive-thru ATM.
“Confluent Development has been honored to lead the preservation of such a historic site, with this property providing the distinct opportunity to positively impact the community and deliver a project we can all take pride in,” says Marshall Burton, president and CEO of Confluent Development. “I’m proud to call St. Louis my hometown, and it is particularly gratifying to celebrate the completion of this redevelopment as we expand our reach in the market.”
With a large client roster of national brands, Confluent Development has significant expertise in retail development. The redevelopment of the Southwest Bank property marks the company’s first project with both BMO Harris Bank and Walgreens.
Rosemann & Associates served as the architect on the project and PARIC Corporation served as the general contractor. Pace Properties is serving as the broker on the property’s available pad.
Confluent Development is a leading full-service real estate investment and development firm that owns and develops ground-up commercial real estate throughout the United States. For more information, visit www.ConfluentDev.com.
SOURCE: Confluent Development