When I first learned about the North Riverfront Industrial Portfolio in St. Louis, the vision was clear: transform a collection of long-abandoned industrial buildings into a vibrant, mixed-use destination along the Mississippi River.
Unlike many redevelopment opportunities in historic industrial corridors, however, the real question was not what the buildings could become. It was whether the risks behind redevelopments could be understood, managed, and financed.
In cities across the country, historic industrial assets continue to present challenges and untapped potential. For developers willing to navigate the complexity – and for advisors equipped to translate that complexity into actionable insight – these properties can become catalysts for long-term urban reinvestment.
In this Globe St. article, John Gajewski shares the risks and rewards of a recent St. Louis project around a historic industrial property.
