This article originally ran in the St. Louis Business Journal on October 5, 2021.
A real estate developer is demolishing a closed manufacturing facility in north St. Louis County and building a speculative industrial warehouse in its place.
St. Louis-based Summit Real Estate Group has closed on a purchase of a 14.35-acre industrial site at Interstate 170 and Page Boulevard in Vinita Park. A purchase price was not disclosed. The city of Vinita Park granted the developer 25 years of tax incentives for the demolition of an existing manufacturing site at the property to build the new ground-up development project known as Crosstown Logistics Park. Only one building is planned to be built at Crosstown, a single multi-tenant warehouse building with a size of 244,000 square feet.Read More