Big Retail Development Coming to Granite City

February 2008

A new retail development is coming to Granite City, Illinois. Located 10 minutes from downtown St. Louis in central Madison County, - 2 minutes south of I-270, or 5 minutes north of the recently opened McKinley Bridge, -Gateway Village is being developed by Quadrant Properties.  Quadrant Properties, headquartered in St. Louis, MO has purchased 36 acres along the west side of Route #3 for retail development in Granite City.

Gateway Village, which will be on the west side of Route 3, just south of Interstate 270, is expected to include a mix of retail, entertainment and dining options, as well as a bank branch. Quadrant has committed to making $7 million in infrastructure improvements at the Granite City site. Site work is expected to begin in July with the first businesses opening in 2009.

D2’ Role

D2 prepared a tax increment financing redevelopment plan, blight analysis, and tax increment financing analysis as part of the project approval process.