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University Connections at Spring Meeting 2024
Student Resource Page for ULI's Spring Meeting in New York, April 9th-11th
Rich with iconic architecture, history, and culture, the Gateway Mall in downtown St. Louis is one of America’s well-known public spaces. Yet despite its strengths, the Mall and its adjacent real estate is grappling with a host of challenges that mirror the issues in downtown cores across the country. Low economic activity and changing workplace habits, among other issues, have hindered the downtown’s ability to fully represent the diversity and richness of all that St. Louis has to offer.
Date: January 7 – 12
Location: St. Louis, MO
Sponsor: Greater St. Louis, Inc. and St. Louis Development Corporation
Panel Chair: James Lima, James Lima Planning & Development (JLP+D)
Between the Great Recession and the COVID pandemic, downtown St. Louis had real momentum, powered by a mix of public and private investments recently completed, planned, or under construction with a value of more than $2.2 billion. Downtown’s residential population has nearly doubled in the past decade, adding about 5,000 new residents, and has become more diverse, more educated, and younger, with growth in the 25–34-year-old demographic. Downtown continues its role as the City’s most important economic anchor, hosting about a quarter of all private sector employment in the City.
However, the potential of downtown’s strengths is hindered by significant challenges. Compared to peer cities, downtown has a less concentrated resident and daytime population and experienced weak job growth compared to peer cities in the post-recession period. This lack of density in the daytime and evening population makes it difficult to fully support the range and types of retail and restaurants normally associated with active downtowns. Critically, this lack of street activity exacerbates existing concerns around crime and safety in downtown. This plays into long-standing regional perceptions about downtown that are not in sync with what many newcomers and advocates see – a place rich in history with unique amenities that rival other major cities across the country.
In response to these concerns, ULI’s Advisory Services program convened a group of real estate and land use experts to examine opportunities for reimagining the Gateway Mall and enhancing equitable growth throughout downtown. Collaborating with Greater St. Louis, Inc., and St. Louis Development Corporation, the panel analyzed policy, governance, and finance strategies for revitalizing the Mall and advancing economic opportunities for all St Louisans.
Key recommendations from the panel include:
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