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Read the full July 10, 2025 GSL newsletter.
In a significant milestone for Downtown St. Louis, Gateway Arch Park Foundation — a Greater St. Louis, Inc. Chair's Council Investor — has officially closed on the purchase of the 4.2-acre Millennium Hotel property and has taken possession of the site. After a years-long effort to return the property to active civic use, the Foundation announced earlier this year that it had selected The Cordish Companies to redevelop the site, planning a $670 million mixed-use redevelopment that will include 1.3 million square feet of residential, office, commercial, and cultural spaces — and change the shape of Downtown St. Louis.
The monumental project advances the Foundation’s mission, said Ryan McClure, Executive Director: “to help Gateway Arch National Park and surrounding areas in Downtown St. Louis thrive and to reconnect our city with our riverfront… When we work together, St. Louis reaches its greatest potential.”
The Bottom Line: This milestone marks a major step toward revitalizing a key Downtown site that has stood vacant since 2014. And it brings us all closer to restoring the core of our region, a priority goal in the STL 2030 Jobs Plan.
“Today’s closing is a significant moment for Downtown St. Louis and our region’s national image,” said Dustin Allison, Interim CEO of Greater St. Louis, Inc. “Transforming this site into a destination that celebrates our location and our people is a major step forward. It’s the kind of catalytic progress that will usher in a new era for St. Louis."