Plus: New North County apartments, data centers fall behind schedule, and more ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
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St. Louis Business

6.5.26

This newsletter is presented by

Feed My People Logo

A message from business editor Eric Schmid

I was serious a few weeks ago when I wrote that the Mississippi River was a big reason why I fell in love with St. Louis. The river and its majesty give me the same feeling of awe that I get when visiting the Colorado mountains with my parents. I think we can tap into that to get more people exploring our region, as you'll read below.

Our edition today also has details on new apartments coming to North County and why the nation's data center buildout is woefully behind schedule. Plus, St. Louis' most hated parking lot somehow got even worse, a downtown building won't see a forced sale, and why there's a rise of people working part-time.

 

Have feedback about this newsletter or story ideas for future editions? Do you know of any networking events we can share? Please don’t hesitate to drop me a line.

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Fast Forward STL

FAST FORWARD STL PODCAST

How Nine PBS CEO Amy Shaw is redefining public media

Tune in to hear from Nine PBS' president and CEO on what’s next for the organization and her hopes for the region. Watch on YouTube and listen on Apple Podcasts or Spotify »

View of the St. Louis skyline from Horseshoe Lake State Park in Illinois

The view of the St. Louis skyline from Horseshoe Lake in Illinois. Photography by Eric Schmid

DEEP DIVE

Investing in St. Louis’ riverfront is about much more than downtown

When Mike Weaver expressed to me that “we are a city that has unfortunately kind of turned its back on its river,” I found myself nodding in agreement. As a Laclede’s Landing Neighborhood Association board member, he’s among the chorus pushing for more focus on and investment into the portion of downtown St. Louis that hugs the Mississippi River.

 

But I’d take it a step further and suggest it’s about more than just downtown, but rather an opportunity to lean into the region’s identity as a historic river city.

 

St. Louis sits at one of the most special spots on the Mississippi River, just south of its confluences with the Missouri and Illinois rivers where it transforms from an already large waterway to the behemoth that empties out into the gulf.

 

There’s an opportunity for our downtown riverfront to emphasize this and act as an enticing gateway for the millions of people already visiting the Arch to explore some of the lesser known nearby parts of the watershed directly shaped by our river. Places like Illinois’ Horseshoe Lake, mere minutes east of the Arch Grounds, and a historic remnant of the path the Mississippi once carved through the region. Or the Columbia Bottoms Conservation Area in North St. Louis County. And, of course, the canoe trips offered by outfitter Big Muddy Adventures that put you right on the Mississippi.

 

Why It Matters: The global market for ecotourism is already valued over $200 billion, with the market research and consultancy Grand View Research projecting it to eclipse $650 billion by the end of the decade. Locally, outdoor recreation already pumps over $10 billion into Missouri’s economy each year.

 

St. Louis also sits in the middle of the Mississippi Flyway, the largest migratory pathway for birds in North America, creating a ripe opportunity to tap into a $100 billion industry that continues to grow.

 

The Bottom Line: The region’s natural assets are a result of the river it straddles. Turning attention back to the Mississippi River can be about much more than just laying the foundation for more activity in the center of St. Louis. It can be a way to capture people’s imaginations and pull them deeper into the region we call home. —Eric Schmid

Feed My People

A MESSAGE FROM FEED MY PEOPLE

Join Feed My People's 2026 Chef's Challenge

Join Feed My People at Orlando's to taste local chef’s creations, vote for your favorite, enter the auctions, and support Feed My People's pantries! Tickets start at $50.

Get Tickets Now »

Today's Top Stories

  • Businesses unfazed by sinkhole in Brentwood Promenade parking lot. 'Just one more thing.’ (stltoday): What’s another issue for one of St. Louis’ most notorious parking lots?

  • Judge rejects Oliver Properties' attempt to force $1.2M sale of Washington Avenue building (St. Louis Business Journal): The downtown developer wanted to compel the current owner of 1128 Washington Avenue to sell under what it said was a prior settlement agreement, but a judge ruled there wasn’t enough evidence to support the claim.

  • In this job market, more people are working "part time for economic reasons" (Marketplace): The term describes people who want full-time jobs but can't find them, or whose employers have cut their hours. The number of Americans in that category has risen 35 percent since hitting a recent low in 2022.

MATI Sweepstakes

Triton rendering

A rendering of the Triton Ponte apartment development under construction in North St. Louis County. Courtesy of Kittle Property Group

Watercooler

🏘️ NEW MULTI-FAMILY FACILITY COMING TO NORTH COUNTY

A new 192-unit apartment complex is coming to a 12.5-acre plot of land in north St. Louis County, replacing what had been deteriorating single-family homes. Dubbed Triton Pointe, the $45 million project from affordable multifamily housing developer Kittle Property Group, Inc. has already broken ground and is also the recipient of a $27 million bond from the St. Louis Economic Development Partnership. The developer expects the facility will be leased quickly given the growing number of households in the North County community just next to the University of Missouri-St. Louis campus. —E.S.

🛑 THE DATA CENTER BUILDOUT IS NOT AT ALL ON SCHEDULE

The ever-growing attempted buildout of data centers across the country is falling more and more behind schedule with each passing day. Reporting in The Wall Street Journal this week cites a JPMorgan analysis that finds more than 60 percent of the data center capacity that’s supposed to be finished next year hasn’t yet broken ground. Construction on another 7 percent is underway, but running behind schedule. The Journal cites “supply-chain backlogs, permitting fights, and availability of power supplies” as reasons for the construction setbacks, going particularly deep on the latter of the three culprits. Companies face challenges securing the green light from electric grid operators who must figure out how the massive developments may strain the system. One energy expert tells the Journal that the uncertainty around how many data center proposals can actually get across the finish line is gumming up the analysis. It’s why some companies are turning to on-site generation (from mostly gas turbines) or looking for ways to operate without needing connection to the energy grid. Left relatively unexplored in the story was the negative community sentiment toward data centers that’s spread across the country, prompting communities to hit the pause button on considering them or banning them outright. —E.S.

St. Louis Business 500 Live, presented by WashU Olin Business

EVENTS

St. Louis Business 500 Live: The Decisions Behind Growth

On June 9, hear from St. Louis Business 500 leaders on how they navigate the realities of growing a business. Presented by WashU Olin Business School. See panelists and get tickets.

St. Louis Business 500

SPOTLIGHT

If you could change one thing about your industry, what would it be and why?

 

“I’d love to see the public’s perception of 'tree people' expand. We’re not just guys in flannels with chainsaws or women in flowing dresses hugging redwoods. Everyone has a connection to trees and we all need to figure out how to share space with them.”

 

—Meridith McAvoy Perkins, Forest ReLeaf of Missouri Executive Director

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