0 ratings0% found this document useful (0 votes) 4K views136 pagesUrban Land Institute Technical Assistance Panel Briefing Book - Development at A Future CORTEX MetroLink Station (St. Louis, MO)
Urban Land Institute Technical Assistance Panel Briefing Book - Development at a future CORTEX MetroLink Station (St. Louis, MO)
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Urban Land Institute
Technical Assistance
Panel
BRIEFING
BOOK
DEVELOPMENT
at a future CORTEX Station
@ © CITIZENS FOR MODERN TRANSIT CORTEX URBAN LAND INSTITUTE TAP
Citizens for Modern
Transit in partnership
with Metro
commissioned a ULI
Technical Assistance
Panel (TAP) for the
CORTEX Area in
Midtown St. Louis.
CORTEX is a not-for-
profit organization
focused on positioning
St. Louis as a regional,
national and
international hub for
technology research, development and commercialization. The 200-acre CORTEX site is located
in midtown St. Louis between the Central West End and Forest Park Southeast neighborhoods.
‘There currently is no Metrolink station at the site. CMT will be conducting a feasibility study on
the possibility of a new MetroLink Station serving the CORTEX district simultaneously.
Appanel of local ULI professionals will look at the possibilities for creative financing for the
capital costs of building a station if the results of the feasibility study suggest a new station is a
viable option for this site.
TOD education and advocacy is a key goal for CMT this year, and itis our hope that this ULI
Study takes our education and advocacy efforts one step further by providing a tool to move
development forward.
‘The CORTEX TAP will focus on and answer the following three questions:
1. {fa MetroLink Station is added to the current system between Boyle and Sarah Ave. in Midtown
‘St. Louis, what specific location would maximize the potential benefits for the Cortex
development as a whole and best serve residents in the surrounding neighborhoods?
2. There are four sites identified for a potential parking garage in the CORTEX district. Ifa
‘Metrolink Station is added to the current system between Boyle and Sarah Ave. in Midtown St.
Louis, what are the pros and cons of each potential garage site from a TOD perspective? How
can specific site design and tenant mix enhance the opportunities? (see attached graphic).
3. What incentives could be utilized to bring in even further development at the site? Introduction to CORTEX:
CORTEX aims to transform an aging 200-acre industrial area into a vibrant, mixed-use,
knowledge community that will bring jobs, infrastructure and innovation to St. Loui
Phase | began in 1998 and resulted in $155 million invested, and 950 jobs and 124
housing units created.
The $73 million Heritage Building renovation by Wexford will add 190,000 square feet
and 400 jobs.
New construction of a BIC Office Building, $45 million project. This will add 200,000 sq ft
of office space, housing 1000 employees.
New MoDOT |-64 interchange will allow easy access to the district.
Cortex Commons is a new linear park for the district and its neighbors,
Public infrastructure that includes the CORTEX Commons, Duncan and Clayton Avenue
Streetscapes and the new MoDOT 1-64 Interchange will receive $7.35 million from
Wexford, $11.65 million from BIC, $4.9 million from Washington University, $16 mi
from MoDOT and $0.8 million form a private donor.
Citizens for Modern Transit
‘911 Washington, Ste. 200, St. Louis, MO 63101
314.231.7272
www.cmt-stLorg www.stl-tod.com
