Richmond Heights approves tax-supported expansion of The Boulevard

RICHMOND HEIGHTS, MO (KPLR) - The Richmond Heights City Council approved a major expansion for The Boulevard, an upscale stretch of businesses, restaurants and luxury apartments across from the St. Louis Galleria.

FOX 2's Chris Regnier is live where the expansion is happening.

According to our partners at the St. Louis Post-Dispatch, the council gave unanimous approval to the project which could total up to $90 million. The expansion will take place south of where The Boulevard development sits now.

The plans approved by Richmond Heights city leaders include $15.3 million in tax increment financing, or TIF support. The Boulevard`s first phase opened in 2004 and contains 21 businesses in 123,000 square feet of retail space. It includes a Crate and Barrel and P.F. Changs.

The initial development also had 74 high end apartments.

The expansion, which is called Boulevard South, will add about 90,000 square feet of retail space, more than 28,000 feet of office space, up to 165 apartments and around 860 parking spaces.

The Post reports that the new project will include businesses like restaurants, a grocery store, entertainment, and a fitness area. It could add 375 jobs to the workforce of Richmond Heights.

Along with the TIF funds, the project`s developer Pace Properties also got approval for a transportation development district. It will impose a one percent sales tax on purchases made at Boulevard South businesses totaling $3.3 million.

This second phase was planned years ago with the approval of the original project but it was delayed during the recession.