Land catty-corner from IKEA site sells for $3 million
Clayton-based Sangita and two other firms together spent $3 million on 1.97 acres for their 164-unit student housing development near Saint Louis University.
Sangita, Ga.-based Landmark Properties and Chicago-based Harrison Street Real Estate Capital are partnering on the development, which will be located at 853 Forest Park Ave., catty-corner from the land IKEA is building on.
The deal on the land purchase closed at the end of February, demolition has been completed and construction has begun,…
How Schlafly gets 35,000 oysters for its festival (Video)
Southwest Airlines has launched a new video on its blog featuring Schlafly Beer, the Schlafly Tap Room and Schlafly Bottleworks. The video showcases the efforts Southwest Cargo goes through to help Schlafly get the thousands of oysters it needs for the annual Oyster and Stout Festival in St. Louis, which took place in March.
Southwest traveled to outside of Seattle to see how Penn Cove Shellfish harvests fresh oysters and followed them from the sea to St. Louis, where they were enjoyed at the festival.
BJC HealthCare changes charity care policy
BJC HealthCare is cutting back on the amount of charity care it provides and is introducing a new co-pay model for uninsured patients.
Starting Jan. 1, BJC reduced the pool of patients eligible for financial assistance (also referred to as charity care) to those earning up to 300 percent of the federal poverty level, according to June Fowler, spokeswoman for BJC. Previously, BJC provided assistance to patients who earned up to 400 percent of the federal poverty level.
The 2014 federal poverty…
N.W. Holding trucking company files bankruptcy
N.W. Holding Co., a truck leasing company based in north St. Louis, has filed Chapter 11 bankruptcy.
The company, which also repairs and refuels trucks and is owned by the Costello family, filed bankruptcy Friday along with several related companies: Nu-Way Service Station Inc., Nu-Way Repair Co., Nu-Way Fuel Distributors Co., Costello Terminal No. 4 LLC and Rent-Me Trailer Leasing Inc.
All are based at 7450 Hall St.
Together, the companies list assets of $1.7 million to $11.7 million and debts…
Chocolate shop coming to downtown Clayton
Kakao Chocolate is planning to open its third area location this summer, according to Gary Carter, economic developer for the city of Clayton.
The 1,162-square-foot chocolate shop will open in retail space located at Centene Plaza, at 7700 Forsyth Blvd. in downtown Clayton.
Brian Pelletier is the owner and chief chocolatier at Kakao Chocolate, which has locations at 7272 Manchester Road in Maplewood and 2301 S. Jefferson Ave. in St. Louis, which opened in 2008.
Pelletier’s second location opened…