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Clayco Launches $100M St. Louis Redevelopment

Clayco, in partnership with subsidiaries CRG and Lamar Johnson Collaborative, is launching Delmar Divine, a $100-million redevelopment project in St. Louis.

Set to debut in fall 2021, the project seeks to transform nearly 500,000 square feet of long-vacated hospital campus in the 5500 block of Delmar Boulevard into a hub for innovation and enterprise.

Its name is an update of “Delmar Divide,” the negative nickname for the area due to the racial and income stratifications on the north and south sides of the street.

“We want to enhance growth and investment in this neighborhood,” said Bob Clark, Clayco executive chairman and founder. “At the same time, we want to do it responsibly so we’re not displacing people or relocating anyone, but bringing prosperity, jobs and the type of development we think will bridge that divide.”

The project will welcome a myriad of nonprofits, foundations and community support organizations, Clayco says.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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