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Pace Properties

Friday, September 21, 2012

Hadley Township Church, 100 Years Old, Is For Sale In Richmond Heights

Mt. Zion Missionary Baptist Church went on the market this week, months after some members raised concerns about a decision by the Rev. Oliver K. Patterson Sr. to transfer ownership of the property to a third party. The building is located in the area Pac

The building used by members of the 100-year-old Mt. Zion Missionary Baptist Church went on sale this week in Richmond Heights. The property is located in the northern section of Hadley Township that Pace Properties sought to turn into a retail development before pulling out. No price tag has been set, though it will be in the millions of dollars, said Daniel Wagner, who is selling the property. Some current and former members of Mt. Zion raised a red flag earlier this year after learning that the church's pastor, the Rev. Oliver K. Patterson Sr., had transferred ownership of the building to a company called Rengaw. They said they hadn't been consulted about the decision, and Patterson declined to be interviewed. The church did not sign a …

Tuesday, September 18, 2012

Hadley Township: Menards Making 'Very Positive Progress' on Contracts

Meanwhile, a Pace Properties representative addressed the Richmond Heights City Council for the last time to talk about the company's decision to back out of a planned development just south of The Heights community center.

Menards will have until Nov. 20 to sign and fund a preliminary funding agreement for its Hadley Township development. Richmond Heights City Council adopted the resolution at its Monday night meeting. An extension granted in mid-July expired this week. Peter Sheahan, a representative for Menards, said about 20 percent of the neighborhood targeted for development is under contract. If everything goes well, he said, that figure could rise to 50 percent next week. "We are making very positive progress," Sheahan said. Meanwhile, the council received its final update from Pace Properties, which announced late last week it will not pursue its development in the northern section of Hadley. "It just wasn't meant to be," said Rick Randall, senior …

'We Are Disappointed,' Mayor Beck Says as Pace Leaves Hadley

Menards is expected to provide more details about its progress in the Richmond Heights neighborhood in the next month, City Manager Amy Hamilton stated in a news release.

Monday, September 17, 2012

Pace Leaves Hadley: 'We Are Disappointed,' Mayor Beck Says

Menards is expected to provide more details about its progress in the Richmond Heights neighborhood in the next month, City Manager Amy Hamilton stated in a news release.

The City of Richmond Heights issued the following news release Saturday after the St. Louis Post-Dispatch reported that Pace Properties is no longer planning a $125 million retail development in the northern portion of Hadley Township. Links to previous articles have been added to help readers navigate. Pace Properties announced Friday they will no longer pursue redevelopment in the Hadley Township Redevelopment Area because they have been unable to reach agreement with all property owners in the area. "This announcement comes after several months of negotiations between Pace and property owners," said Richmond Heights City Manager Amy Hamilton. "Pace has informed us that they will notify property owners of their decision. The City has …

Sunday, September 16, 2012

Hadley Exit by Pace Properties Draws Reaction on Social Media

The developer's decision to leave the Richmond Heights neighborhood—first reported in the St. Louis Post-Dispatch—drew reaction on Twitter and Facebook.

Saturday, September 15, 2012

Hadley Exit by Pace Properties Draws Reaction on Social Media

The developer's decision to leave the Richmond Heights neighborhood—first reported in the St. Louis Post-Dispatch—drew reaction on Twitter and Facebook.

After learning Saturday that Pace Properties has withdrawn its plan for a $125 million retail development in the Hadley Township neighborhood of Richmond Heights, people used Twitter and Facebook to share their reaction. The St. Louis Post-Dispatch first reported the news. The following is a sampling of online commentary. From Twitter @nextSTL: "This means no IKEA there." @tjdunnigan: "Drats!" (re: IKEA) @Central_Realty: "although this is a great site maybe its time to give up?" @sierramike320: "92yr refuses to SELL" (in reference to this Post-Dispatch profile) From Facebook.com/ClaytonRichmondHeightsPatch Pat Wilken Maloney: "I am a little surprised....especially with the amount of money, the homeowners have been offered. I feel sorry for…

Pace Properties Abandons Hadley Township Retail Development

The company was unable to reach buyout agreements with some Richmond Heights homeowners, the St. Louis Post-Dispatch reported.

Pace Properties will not continue to pursue its $125 million retail development just south of The Heights community center, the St. Louis Post-Dispatch reported Saturday. The Menards project just north of Maplewood Commons still is moving forward. Quoting from the Post-Dispatch: "Rick Randall, Pace Properties Inc. senior vice president, said the company would not try to use eminent domain to force the reluctant property owners to sell." Read reaction from city officials and hear more from the developer about the challenges posed in Hadley in the complete Post-Dispatch article. More about Hadley Township development on Patch:

Tuesday, August 21, 2012

Pace Properties: Commercial Contracts in Works for Hadley

The development company made a presentation to City Council on Monday night in St. Louis.

Representatives with Pace Properties updated the Richmond Heights City Council on Monday about the status of its discussions with Hadley Township property owners. The company is planning a $125 million retail development just south of The Heights community center. "You have some tremendous residents in that area," said Rick Randall, senior vice president of Pace. "They really are some awesome people, and they've got some big decisions to make, and I appreciate the fact that some of them are taking longer than I had hoped." Randall said there are 68 properties in the area that his company has been working with. While the company does not have signed contracts for commercial properties, "we basically have come to an agreement in principle …

Lancee Kurcab, Institute for Justice

1:09 pm on Wednesday, August 22, 2012

Councilman Ed Notter continues to maintain that eminent domain will not be used to force homeowners out of their homes. Is this because the city is only using the threat of eminent domain to pressure homeowners to sell against their will? Either way, their plans have wreaked havoc on the lives of homeowners like JoAnn Bailey and Alice McGee, elderly ladies who originally purchased their lovely …   more ›

Monday, August 20, 2012

Hadley Township: Pace Properties to Update City on Buyout Talks

The developer is planning a $125 million retail project just south of The Heights community center. Richmond Heights City Council will hear an update at its Monday night meeting.

Representatives from Pace Properties are expected to update the Richmond Heights City Council on Monday night about their buyout discussions with Hadley Township property owners. The company has proposed a $125 million retail development just south of The Heights community center. It has set up an office on Hanley Road in conjunction with Menards, which plans to develop the section of Hadley just north of Walmart and other Maplewood Commons stores. The two companies are using the space to discuss buyout offers with property owners. Earlier this month, a Menards representative told City Council that the hardware chain was as much as two months behind schedule. The Monday meeting begins at 7:30 p.m. at City Hall. More about Hadley Township …

RDBet

10:41 am on Monday, August 20, 2012

My oh my, what nice large rectangles in that picture. And when that big ole Menard's sign is up, it will only look better.   more ›

Thursday, August 9, 2012

Hadley Casts Shadow on Eminent Domain, Blogger Says

It’s a curious twist that the City Council now blames the blighting on its own citizens, James Trout writes.

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