HISTORIC ST. LOUIS MUNICIPAL COURTS BUILDING SELECTED FOR REDEVELOPMENT

Heisman Properties, LLC announced today a City of St. Louis selection committee selected the Company to redevelop the historic Municipal Courts Building (to be renamed 1300 Market) in downtown St. Louis, Missouri.

Heisman is working closely with EVS Realty, Friedman Group, REALTORS and the City of St. Louis to redevelop the century old building. Rosemann & Associates, P.C. will provide architectural design and BSI Contractors are providing construction costs.

St. Louis Comptroller, Darlene Green said, “We are very excited about the development of the Municipal Courts Building and its prospects as part of St. Louis' downtown’s revitalization."

The 160,000 sq. ft. renowned courthouse is located at 1300 Market Street and was constructed in 1911. Heisman Properties will spend $40 million to redevelop the building. Plans include ground floor restaurant, retail and office space, first floor cultural/gallery and office space with second and third floor office space. In addition to the interior, Rosemann's design calls for several walkways, courtyards, plazas and terraces to surround the building.

“Once completed, this project will tie recent downtown developments together," says Senior Vice President of Acquisitions with Heisman Properties Chad Forrest. "It will be the centerpiece of a destination area featuring the Scottrade Center, soon-to-be-redeveloped Kiel Opera House, Sheraton City Center Hotel and Condos, MetroLink, the Gateway Multimodal Transportation Center and the revitalized mall.”

With a projected completed date set for 2010, the building will not only house office tenants, but will act as a conduit between both the civic and cultural communities. “Being in such a desirable location we anticipate not only servicing our core tenants, but will offer the ability to provide locations for cultural events and meeting places with those who want to share in this extraordinary redevelopment,” notes Heisman Properties Principal Curt Schroeder.

Plans are also underway development for a 600 car parking garage directly adjacent to the property. To service the area, plans call for retail tenants and one or more restaurants to be added along 14th Street catering to daytime users and community events at the neighboring Scottrade Center and the soon coming Kiel Opera House.

LEED certification and green efforts will be a cornerstone in Rosemann's design and construction efforts. “Ample parking, great transportation and freeway access is key,” notes Forrest. “But let’s not forget the fact that we will be adjacent to the MetroLink and City’s Multimodal Transportation Center. Rider-ship will increase as a result of this convenience, which is better for all of us."

For more information visit www.1300marketstl.com.