Wellston Industrial Park to Transition to Manufacturing, Logistics Business Park
City of Wellston, County LCRA working with THO Investments on project
Working together, the Land Clearance for Redevelopment Authority of the County of St. Louis (LCRA), managed by St. Louis Economic Development Partnership (STL Partnership), and the City of Wellston announce the upcoming redevelopment of Wellston Industrial Park into a new business park focused on manufacturing and logistics. The 28.33-acre property, located at 1335 Ogden Avenue in Wellston, Mo., and owned by LCRA, will be purchased and redeveloped by THO Investments, LLC.
“LCRA continues to be committed to rejuvenating the great community of Wellston and the surrounding area,” said Jami Dolby, chair of the LCRA. “This new project from THO Investments should deliver new opportunities to those who live and work in the region, plus any companies interested in relocating there.”
“By transforming the Wellston Industrial Park, our community is building on the momentum generated through previous reinvestment initiatives,” said County Executive Sam Page. “We are committed to making Wellston a place where folks can find good jobs, new businesses can grow, and the community can thrive for years to come.”
The project is a cornerstone of Wellston’s 2023 Empower Wellston Community Plan, which prioritizes housing, neighborhood stabilization and reinvestment in historically disinvested areas.
“This Business Park is another step for Wellston as we actively move to redevelop Wellston,” Wellston Mayor Nathaniel Griffin said. “From housing to commercial corridors to public infrastructure, the City has multiple active projects underway. The Business Park is one important piece of a much larger plan to rebuild our tax base, strengthen our neighborhoods and create opportunity for current and future residents.”
THO Investments estimates that the developable land in Wellston Industrial Park provides enough space for a vertical development of up to 300,000 square feet. Adjacent facilities and amenities, such as the Wellston Metrolink station and a childcare center, could be appealing factors to prospective businesses considering this site.
Once construction begins, the project is expected to take approximately 36 months for completion, and a redevelopment agreement will be in place to ensure the timely and appropriate completion of the project.
“The revitalization of the city of Wellston is crucial to the region. With multiple new developments including housing for Wellston, the residents will be able to watch a large portion of their great city be transformed over the next few years,” stated Rita Heard Days, chair of the St. Louis County Council and the councilwoman representing District 1. “This new business park will be a great addition to Wellston.”
STL Partnership and the City of Wellston are implementing a comprehensive, multi-year redevelopment strategy focused on housing, economic development and neighborhood revitalization.
“We are pleased that our continuous collaboration with the City of Wellston has helped bring this new development to Wellston Industrial Park,” said Rodney Crim, CEO and president of STL Partnership. “We anticipate this bringing new job opportunities to Wellston in multiple industries.”
It is anticipated that the redevelopment will deliver at least 50 new jobs to the site with the possibility of even more.
“Everyone at our company is excited about this unique opportunity to boost economic and employment growth for the Wellston community,” stated Rod Thomas, managing partner at THO Investments.
THO Investments will purchase the property for approximately $1 million, and the group is expected to invest nearly $40 million in the project overall.