New mixed-income housing development opens just north of downtown St. Louis

St. Louis Public Radio | By Amy Mayer | Published September 29, 2022

“St. Louis leaders are celebrating a new mixed-income housing development that’s been years in the making.

Preservation Square offers nearly 700 units that include both market-rate and affordable housing options in a neighborhood just north of downtown and adjacent to the future NGA west campus. Mayor Tishaura Jones said the redevelopment is good for the entire city.

“While downtown is important, we have to make sure that the neighborhoods around downtown are thriving,” Jones said at an event on the site Thursday. “That’s what’s going to lift up the city as a whole.”

Jones added that with the new soccer stadium creating jobs in the area, Preservation Square could offer workers a commute much shorter than they might otherwise face.

Developers McCormack Baron Salazar got a 2015 Choice Neighborhoods grant from the federal Department of Housing and Urban Development and since then have pulled together almost $210 million, which includes additional federal and state grants and low-income housing tax credits.”

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