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Olivette manager reports redevelopment progress; Aldi targets February opening
Summary
City Manager Yackley updated the council Tuesday on redevelopment progress and community programs, saying the apartment complex is 86% leased, Aldi aims to open in February and Lot 3 has two named tenants.
City Manager Yackley updated the Olivette City Council on redevelopment and community events Tuesday, saying the city’s downtown parcels continue to move forward and several community programs are starting this spring.
“The apartment complex continues to do well. It is 86% leased and 83% occupied,” City Manager Yackley said, reporting steady lease and occupancy rates at the new residential project.
Yackley said Lot 1 and Lot 2 — the site where an Aldi grocery is under construction — are “targeting a February” 2025 opening. He described Lot…
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