The Planning and Community Development Commission voted to recommend the City Council establish a Planned Development District (PDD) for the Olivette Gateway during their meeting on August 22nd, 2019.
The Olivette Gateway will be a 14-acre mixed-use development located south of Olive Boulevard, between I-170 and North Price Road. The development consists of 62,000 square feet of retail, including several restaurants and a grocer, 230,000 square feet of office space, and a 135-room hotel.
The 14 acres has been cited for redevelopment by the City for several decades. A 1964 Comprehensive Plan identified the 14 acres as an opportunity for a comprehensive redevelopment area. In 2006, the current Comprehensive Plan illustrated a vision of a multi-story, mixed-use development anchored by predominately by non-retail uses such as corporate offices or educational or medical campuses.
On October 2015, the City issued a Request for Proposals for the redevelopment of the area. In April 2016, the City Council selected Greg Yawitz of KEAT Properties, LLC, as developer. Mr. Yawitz is a resident of Olivette and an experienced developer. One of his most successful developments is in Olivette. The Shoppes at Price Crossing, at 9200 Olive Boulevard, houses a Starbucks and Sugarfire Smokehouse.
With the selection of KEAT Properties, the City Council established a Tax Increment Finance Commission to guide the City through a private-public partnership in the redevelopment. The City engaged the services of Development Strategies, an advisor, whose mission is to make effective and sustainable development decisions. With the assistance of Development Strategies, the City was provided professional guidance in the review of the financial viability of the project and an understanding of the development potential and capacity at the I-170 intersection.
Within the City, various departments engaged in the review of the development to address issues of sustainability, traffic, safety, noise, lighting, etc. The Commission spent almost a year reviewing the redevelopment proposal, from a concept review to the drafting of the PDD.
As the development proposal matured, the development furthered the vision of the 2006 Strategic Plan. The initial one-story retail development evolved into the current mixture of buildings with various heights and uses. Steps were taken to mitigate the impact of increased density through improved distance from the property line, an 8-foot tall screen wall, pedestrian amenities, and improved connectivity to access the site.
On Tuesday, September 10, 2019, the City Council will begin consideration of the PDD recommendation and host a Public Hearing.