St. Charles, Missouri
In one of the most ambitious development proposals to date in the former meatpacking neighborhood, a venture of Clayco division CRG and Shapack Partners aims to transform the nearly one-and-a-half acre site at 170 N. Green St. with a tower including 275 apartments as well as office space, a hotel and other commercial uses, according to a zoning application that will be submitted to the City Council this week. The project would replace the 156,000-square-foot Bridgford Foods processing plant on the site today, which Bridgford ran from 1975 until the Anaheim, Calif.-based company relocated its Chicago facility to a new building in the Back of the Yards neighborhood in 2020.
The plan is a significant change from the 17-story, 314-unit apartment project that Bridgford itself proposed for its site in 2016 and won city approval for in 2017. The company at the time was preparing to leave the neighborhood and cash out as investors snapped up development sites in the gritty-turned-trendy corridor. Bridgford never moved forward with the project, but found a buyer for its property in 2020 when it reached an agreement with CRG to sell the site along Lake Street between Green and Peoria streets for around $60 million, according to sources familiar with the deal.
Now CRG has laid out a new redevelopment vision after teaming up last year with Shapack, the developer known for helping jumpstart Fulton Market’s transformation into the city’s hottest corporate destination. Among other major projects in the neighborhood, Shapack co-developed the 750,000-square-foot office building across the street from the Bridgford site at 167 N. Green St.