Construction is already underway to turn the Glen Carbon site – the former Foucek Tree Farm – into the Orchard Town Center.
GLEN CARBON, Ill. — A St. Louis County developer has purchased the land and begun construction on a $70 million Metro East retail development, while expanding its real estate footprint with an additional 14 acres adjacent to the site.
Olivette-based Staenberg Group has purchased land at 2399 Troy Road in Glen Carbon for $11 million from Sunnyside Partnership LP. The company will develop the land as Downtown Orchard, 52 acres of retail around a Menards home improvement store.
Sunnyside had acquired the land, bordering Troy Road and Governors Parkway, through a quitclaim deed from longtime owner Doris Gause, according to county records. The Staenberg Group has agreed to purchase an additional 14 acres on Plum Road in Madison County’s Edwardsville for $3.87 million, said Tim Lowe, Staenberg Group senior vice president of leasing and development.
Construction is already underway to turn the Glen Carbon site – the former Foucek Tree Farm – into the Orchard Town Center. The Madison County acreage is adjacent to the mall site, but there are currently no plans to develop it, Lowe said.
Staenberg Advisors LLC was the sole bidder to buy the county-owned land, according to Madison County Council’s resolution authorizing the sale, approved last week. Proceeds from the sale will be deposited into the capital improvement fund and used for future projects.
As development has flourished in the commercial districts of Glen Carbon and Edwardsville over the past 15 years, the former orchard site was the last property that remained undeveloped.
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