St. Peters' Highway 370 Development
370 LAKESIDE PARK UPDATE
370 Lakeside Park opened on May 19, 2011. Visit the park just north of Highway 370, and enjoy fishing and boating on the 140-acre recreational lake, biking and hiking on the trail, camping at the RV Park, and more.
GO TO THE 370 LAKESIDE PARK HOME PAGE.
GO TO THE RV PARK HOME PAGE.
370 LAKESIDE PARK AMENITIES NOW OPEN:
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PREMIER 370 BUSINESS PARK UPDATE
DESCRIPTION: Premier 370 Business Park is an 850-acre business
community located at Highway 370 near Interstate 70, with access to rail
and only 10 miles from Lambert International Airport. With more than 4
million total square feet of space of developable area,
Premier 370 accommodates a full spectrum of real estate business
solutions including build-to-suit, design build, and "GREEN"
environmentally conscious development.
PREMIER 370 DEVELOPMENT HEATS UP;
$31.5M RB Expansion Projects to Add 450 Jobs
February 2016 UpFront Newsletter Story
Reckitt Benckiser (RB) is making a significant new investment in St. Peters that signals great things to come for Premier 370 Business Park and our local economy.
A global leader in the manufacture of home, hygiene and health products, RB has a number of popular brands—Vanish, Calgon, Woolite, Finish, Lysol, Mucinex and much more. RB plans to expand in St. Peters with two projects: a new $31.5 million, 715,000-square-foot facility at Premier 370 Business Park; and a 27,000-square-foot expansion at the company’s current 425,000-square-foot location in the Arrowhead Industrial Park off Salt River Road near Highway 79.
RB says that these two new projects will eventually provide 450 new jobs.
Also in Premier 370 Business Park, Duke Realty has been approved to build a 500,000-square-foot office/warehouse building across the street from the RB expansion. This will be a “spec building”—built on speculation that the facility will draw a tenant to the site.
Mayor Len Pagano says that he’s excited that RB is expanding in St. Peters, and that development is heating up in Premier 370 Business Park. The 850-acre business community has more than 4 million total square feet of developable area for office, retail, light industrial, service center, warehouse and major distribution facilities—perfectly located in the center of the nation with easy access to rail, major interstates and an international airport.
“Premier 370 Business Park is a major catalyst for economic development growth in St. Peters and our entire county,” Mayor Pagano said. “The RB project only scratches the surface for the potential at Premier 370.”
RB’s project at Premier 370 will provide warehouses, custom manufacturing and repackaging operations on 48 acres owned by Duke Realty along the north side of Premier Parkway, south of Highway 370. The project is expected to be substantially complete by the end of the year.
“By the time Premier 370 builds out, it will provide thousands of local jobs, not to mention millions of man-hours of construction trades jobs on these projects. RB’s investment in our community is a great start to 2016, and we expect even greater things moving forward for Premier 370 and our community!” Mayor Pagano said.
Premier 370 Business Park, with commercial sites located both south and north of Highway 370, is located just north of I-70, 10 miles from Lambert International Airport, and includes rail access.
Property at Premier 370 first opened to potential development in 2009 during the midst of a global recession following the 2007-2008 financial crisis. Trucking company Dayton Freight, which opened a 51,000-square-foot distribution center in 2011, was the business park’s only occupant.
With the recession behind us, the City of St. Peters is getting more and more interest in Premier 370. RB’s expansion should mark the beginning of much more development in the 850-acre business park. There are still 688 acres of developable land available.
A 2004 independent study by an expert on site selection found that St. Charles County faced a shortage of sites for employers, and that St. Peters’ Lakeside 370 project (since renamed Premier 370 Business Park) could provide a solution to that issue.
Mayor Pagano said, “Now that the economy is heating up, I think that we’re seeing that this is going to come true. Not many locations can provide development for 48-acre sites with buildings bigger than 700,000 square feet—and have so much room to grow. To give you an idea of the size of these projects at Premier 370, the entire floor of the Scottrade Center is 36,000 square feet—multiply that by 20 to reach the total space in the new RB site. And that’s just one project.”
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UPDATE: Trucking company Dayton Freight opened a 51,000-square-foot distribution center at the corner of Premier Parkway and Executive Centre Parkway. This facility includes an office area, warehouse with 60 truck docks and maintenance building. Dayton Freight’s move to Premier 370 allows the company to expand. The company initially projected 60 jobs at the St. Peters location. Currently, there are 90 persons employed, and the company is hopeful that it will grow to 100 employees over the next year. See photos of Highway 370 development.
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