The St. Louis Cardinals and their development partner, the Cordish Companies, announced that they closed today on the financing for the construction of the $100 million first phase of Ballpark Village.
While preliminary site work began today, the team announced that a formal groundbreaking ceremony will be held on Friday, February 8th at 11 am on the construction site.
The $100 million first phase of Ballpark Village, which is anticipated to be completed by Opening Day 2014, will include the construction of 100,000 sq. feet of retail and entertainment space along Clark Street next to Busch Stadium.
The first phase also includes all of the streets, parking and site infrastructure to support the future phases of the seven-block $700 million mixed use project.
The initial phase will be anchored by Cardinals Nation, Budweiser Brew House, and Live! at Ballpark Village. Cardinals Nation will be a first-of-its kind venue totaling over 30,000 square feet on three levels.
Cardinals Nation includes a two story restaurant, a Cardinals Hall of Fame and Museum, and a 300-plus seat seating deck with views into Busch Stadium.
A second building will house a 20,000 square foot two-story Anheuser-Busch venue with a festive rooftop party deck offering views into Busch Stadium.
The two signature structures will be joined by Live at Ballpark Village!, an indoor market place with a retractable canopy covering the event space designed to be a vibrant gathering space throughout the year.
The Cardinals and the Cordish Companies will announce additional details at the groundbreaking ceremony next week.
The construction of Ballpark Village represents the next step in the Cardinals vision for their investment in downtown St. Louis that began with the opening of the privately financed, $411 Busch Stadium in 2006.
Ballpark Village is an approximately $550 million mixed-use retail, entertainment, office, and residential district being developed in partnership by the St. Louis Cardinals and the Cordish Companies.
Spanning seven city blocks on the 10-acre site just north of Busch Stadium, Ballpark Village will be the country's first fully integrated mixed-use development designed to deliver the excitement and energy of the game day experience to a new neighborhood outside the stadium walls.
The Cordish Companies
For generations, the Cordish family has grown The Cordish Companies into one of the world's leading real estate development companies and a diverse group of successful entertainment-operating businesses.
Cordish Companies' entertainment and mixed use projects include the Kansas City Power & Light District, Louisville Fourth Street Live, and The Power Plant & Pier IV in Baltimore.