Union Station is a landmark the Grand Hall, the Head House, and the Train Shed are marvels of architecture and important artifacts of the golden age of American railroading.
And, they’re economic opportunities.
When the current incarnation of Union Station first opened in 1987, it was one of the Midwest’s retail and entertainment wonders. Think Galleria meets St. Louis Mills — but with historic charm. In the past decade, however, the complex has fallen on some hard times, notwithstanding the continuing success of the excellent Hyatt Regency Hotel.
Today, there is much better news for Union Station.
The new owner of the property, St. Louis Station Holdings, has engaged Jones Lang LaSalle to improve and operate the property. And Jones Lang showed me some great plans for Union Station at the ICSC conference last month in Las Vegas.
They have good plans for the existing retail area.
Even more exciting, their plans call for the development of new retail and other elements on the property comprising the complex:a new cinema in a parking garage—the development of the parking garage will allow more intensive development of retail on the property
four new retail anchors, each at 20-30,000 sq. ft.
three or four new restaurants
ten to fifteen additional retail stores
a “terrace event lawn”
It’s always a hard journey from plan to completion, but we already have the right Station.