Apartment Project Nears Completion at Site of St. Louis Arena
ST. LOUIS (KMOX) – It has been nearly 15 years since the St. Louis Arena was brought down in spectacular style and demolition of the Old Barn, where the St. Louis Blues once played, created a lot of space for new business opportunities.
The latest involves construction of the $42 million Cortona Apartments project, which is now entering its final stages, according to St. Louis Building Trades Secretary-Treasurer Jeff Aboussie.
“It’s created hundreds of jobs on this site. These guys have been working there for little over a year and it is getting close to being completed,” he said.
Those who’ve been working on the project will be saluted by the AFL-CIO Building Investment Trust during an event at the site Monday. After all, Aboussie says, it is their pension money which has helped pay for the project.
The Cortona Apartments are expected to open early next year. Renters can expect units to start at around $1,000 per month at the 278-room complex.
In a press release Monday morning, the AFL-CIO says it has invested $130 million in St. Louis projects through the Building Investment Trust.