Business
3:43 pm
Mon February 27, 2012

Washington University plans Loop project

 

The already booming University City Loop is about to get a big infusion of money — an $80 million project by nearby Washington University.

The St. Louis Post-Dispatch reports the plan calls for development of stores in a four- to six-story building, along with apartments for about 550 students. Design work will begin soon and construction could start as early as next January.

The housing units could be occupied starting in August 2014.

Most of the project is in University City, except for a small part in the city of St. Louis. Washington University already owns all the affected property, and no further acquisitions are planned.