Maryland Heights

Maryland Heights Establishes New Economic Development Program, Names Jim Carver Program Manager

/

The City of Maryland Heights has established a new economic development program to enhance the City’s vibrant business base and has named Jim Carver as Economic Development Program Manager to lead the initiative.  Carver has served as Chairman of the Maryland Heights Economic Development Commission since its inception in 2011.  The new Economic Development Program is a formalized and assertive approach to build upon the City’s efforts in business development, business attraction and business retention under its Economic Development Commission.

The new program seeks to:

–        Develop and make recommendations to the City Council and staff regarding economic development policies, regulations, marketing, strategies and activities;

–        Retain current businesses and attract new ones to the City;

–        Evaluate and recommend economic development opportunities as well as the use of appropriate incentives to encourage development and redevelopment within the City; and

–        Articulate a vision of economic development with clearly defined goals and objectives for the City over a five-year rolling timeframe.

Carver will be responsible for implementation of the new program with assistance from City staff and will report to City Administrator Jim Krischke.  He has been a member of the Maryland Heights City Council since 2010 and served two terms as Council President Pro-Tem.  Carver will resign his seat on the City Council immediately to assume his new position as a full-time employee of the City.

“Councilman Carver has been a leader in economic development for the City for the past eight years and has worked closely with the Economic Development Commission, City Council, Community Development Department, Chamber of Commerce and local developers on numerous development proposals and opportunities,” said Mayor Mike Moeller.  “His knowledge of local businesses and his distinct understanding of the City’s long-term vision and goals make Jim the ideal choice to lead this new program.”

Funding for the new economic development program is included in the 2018 General Fund budget. More than 1,700 companies are currently located in the Maryland Heights business community, employing more than 75,000 people.  The City has experienced substantial growth in recent years, particularly in hospitality, corporate office, medical, entertainment and recreation sectors.

For more information, visit www.marylandheights.com.

Residence Inn and Fairfield Inn & Suites Opens in Maryland Heights, Mo.

/

Midas Hospitality to manage St. Louis’ first dual-branded hotel by Marriott

Residence Inn and Fairfield Inn & Suites by Marriott recently opened at 11918 Westline Industrial Dr. in Maryland Heights, Mo.  The 119,000-square-foot hotel, which was the previous home of Clayton Engineering, cost $25 million.  This is Marriott’s first dual-branded hotel in the St. Louis area.

The hotel includes 96 suites for the Residence Inn and 88 rooms for the Fairfield Inn & Suites.  The property features a state-of-the-art fitness center, indoor pool, meetings rooms, guest laundry facilities, and backyard seating areas with a grill and pergola.  Located on Page Rd. east of I-270, the hotel is adjacent to Westport Plaza, Worldwide Technology headquarters, and Edward Jones headquarters, as well as 15 minutes from Lambert International Airport.

Midas Hospitality, a premier hotel management group, will manage the hotel built by sister company MC Hotel Construction, a general contractor specializing in new hotel construction and renovations.

“This dual-branded hotel – one of the Marriott Hotels & Resorts’ finest – truly complements the growing Maryland Heights’ area,” said Rob Willard, President and Principal.  “We look forward to being a part of this community, as well as catering to both extended stay and transient customers.”.

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 33 hotels in 14 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

MC Hotel Construction, which is also located at 1804 Borman Circle Dr. in Maryland Heights, MO, specializes in hotel construction and renovations with projects currently underway in six states.  MC Hotel Construction builds for leading brands such as Hilton, Marriott, IHG, Starwood and Legacy Suites.  For more information, call (314) 339-6600 or visit http://www.mchotelconstruction.com.

City to Negotiate Final Terms of Partnership Agreement with St. Louis Legacy Ice Foundation to Build Ice Sports Complex near Hollywood Casino & Hotel in Maryland Heights

The City of Maryland Heights has approved the preliminary terms of a partnership agreement with the St. Louis Legacy Ice Foundation to develop a multi-purpose ice sports complex at a 25-acre site on Casino Center Drive owned by GLP Capital, LP near the Hollywood Casino & Hotel in Maryland Heights. The state-of-the-art indoor/outdoor ice complex will provide a practice, competition and event destination for a wide variety of ice sports and provide new recreational opportunities for the residents of the City and throughout the region.

City staff is now authorized to enter into negotiations with the Foundation that could lead to a final agreement.  Summit Development Group would provide development services on behalf of the Foundation for the project.

Under the preliminary partnership agreement, the City would own the ice sports complex and assist with the project’s financing, including an upfront investment of at least $6.5 million and the issuance of $39 million in bond financing.  The Foundation would operate the facility and provide more than $24 million in funding and private contributions to the project. The City would purchase the site and lease it to the Foundation for 30 years, with options to extend the lease another 25 years. The City and the Foundation have applied for a total of $4 million in Missouri economic development tax credits to be used in the financing package.

The new location is approximately one mile to the north of a site in Creve Coeur Lake Memorial Park that the Foundation originally proposed for the ice sports complex. The new site lies between the Hollywood Casino & Hotel and Hollywood Casino Ampetheater.

“The City recognizes the tremendous importance of this regional economic development opportunity for our community, and we have created a solution to keep this investment here for many years to come that benefits all parties involved, including our residents,” said Maryland Heights Mayor Mike Moeller.  “This public-private partnership will anchor our vision to transform this area into a valuable regional sports, entertainment, specialty retail and recreational attraction.  This is a win-win situation, and we are excited to enter into the next phase of negotiations. ”

“We appreciate how Mayor Moeller and the City of Maryland Heights have stepped up to keep our project in the same general area as our previous site,” said Patrick Quinn, Chairman of the Foundation, a local not-for-profit dedicated to championing the values inherent in ice sports, including commitment, good sportsmanship, teamwork, personal integrity and respect for others and self.  “Their leadership has created a viable solution to our needs while keeping this new development in St. Louis County.”

The new site lies within an area protected by a system of levees, pumping stations and a storm water management system constructed in 1994 by Hollywood Casino and the Howard Bend Levee District.  This area has not experienced a flood event since it was opened.

The four-sheet, regional recreation center will be home for a variety of ice sports, amateur and college ice hockey uses, youth tournaments and the practice facility for the St. Louis Blues.  If the City reaches a final partnership agreement with the Foundation, the timeline calls for construction of the project to be completed in late September 2019.

Staybridge Suites Opens in Maryland Heights, Mo.

/

Midas Hospitality to manage new property

A $16 million Staybridge Suites recently opened at 25 Progress Parkway in Maryland Heights, Mo.  The 122-room all-suites hotel will be managed by Midas Hospitality, a premier hotel management group.  The hotel was built by Midas Hospitality’s sister company MC Hotel Construction, a general contractor specializing in new hotel construction and renovations.

Staybridge Suites offers both one and two bedroom suites for its guests.  The hotel provides fully equipped kitchens, state-of-the-art fitness center, an indoor swimming pool and plenty of amenities including free laundry facilities and complimentary breakfast.

“With the full kitchens and all-suites layout, the Staybridge Suites-Maryland Heights is perfect for the extended stay and transient guest visiting the Maryland Heights/Westport Plaza area,” said Kurt Furlong, Midas Hospitality’s Principal and Executive Vice President of Sales and Marketing.  “The hotel is the epitome of convenience with easy access to Interstates 70 and 270.  The hotel’s location sits proximate to the many nearby corporations including the expansive Edward Jones’ North Campus.”

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 27 hotels in 11 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.