KP Development under contract to redevelop former Chryser assembly plant site

9:54 PM, Sep 25, 2013   |    comments
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FENTON, Mo. (KSDK) - A St. Louis-based developer announced Wednesday it is under contract to create a plan for the redevelopment of the 294 acre former Chrysler assembly plant site in Fenton, Mo.

KP Development, formerly Koman Properties, is a build-to-suit developer for office, industrial, and specialty projects. Chrysler has not operated in that location since 2009.

"The proposed transformation of the former Chrysler Plant will be largely focused on strong end users and developments that emphasis job creation and long-term stable growth for the region," said KP Development's senior vice president Scott Haley. "Over the past four years, we have co-managed and developed over 2.5M SF of office/industrial buildings for Fortune 500 companies in over 13 states with an investment over $275M and hope to utilize these corporate relationships to make St. Louis their next new location or home. KP Development further believes that these relationships and partnerships will ultimately create a viable and successful development that will satisfy St. Louis' pent up industrial demand."

Mayor Mike Polizzi is excited about the redevelopment of the site, and believes it is a crucial piece of revitalizing Fenton.

"The City of Fenton looks forward to working with KP Development, St. Louis County and the State of Missouri in bringing this strategically important piece of our city back to life," said Mayor Polizzi.

There's no word on when construction could begin.

As far as rumors that a new stadium for the St. Louis Rams could go in this space, the KP Development says that will not happen. This space will be constructed for industrial use.

KSDK

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