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Olivette City manager says Olive Crossing tenants moving forward; financing, openings expected in 2025
Summary
City Manager Miss Shaklee told the Olivette City Council the Olive Crossing hotel is about one year old and nearly 90% leased, retail Lot 3 has letters of interest and appraisals are complete, and financing is expected in December with potential construction starting in January 2025.
City Manager Miss Shaklee told the Olivette City Council on Oct. 8 that the Olive Crossing development is progressing, with the on-site hotel marking its first year in operation and reporting roughly 89% of units leased and about 83% occupied. “They are doing well, for being only open for a year,” she said.
Shaklee said the multi-tenant retail building on Lot 3 — where Paris Baguette is slated to locate — has two additional tenants with letters of interest…
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