News Summary
Olivette, Missouri is experiencing significant local developments, including the opening of a new section of the Centennial Greenway, expansions in restaurants, retail, and cannabis businesses, and a major recycling center initiative. These projects aim to enhance community engagement and economic growth, with new facilities and improved access to essential services and recreational spaces. While local businesses thrive, some companies face challenges amid financial hardships.
Olivette, Missouri: Local Developments and Expansions Shape Community Landscape
The City of Olivette recently celebrated the opening of a new 1.3-mile section of the Centennial Greenway, developed in partnership with Great Rivers Greenway. This addition connects Warson Park, Indian Meadows Park, and nearby neighborhoods to the Five Oaks on Warson community center, enhancing access to outdoor recreational spaces and promoting community engagement.
In St. Louis, a modern Asian restaurant named Indo has expanded its seating capacity by adding a four-seasons sunroom that accommodates 30 guests, as well as an adjoining outdoor patio that seats 12. Indo, located at 1641 Tower Grove Ave., specializes in a unique blend of Thai and pan-Asian flavors prepared using Japanese culinary techniques.
SWADE Cannabis is among notable local businesses making significant progress. The company, which currently operates six locations within the St. Louis area, has expanded its retail reach by establishing operations in five additional BesaMe Wellness locations in the Kansas City metropolitan area, nearly doubling its footprint across Missouri. The expansion reinforces SWADE’s commitment to providing accessible cannabis products to consumers.
IMPACT Strategies, a construction management and general contracting firm based in Fairview Heights, Illinois, has successfully completed a new U-Haul facility located at the intersection of I-70 and David Hoekel Parkway in Wentzville, Missouri. The facility spans 124,056 square feet and marks IMPACT’s third project collaboration with U-Haul, signifying the company’s growing portfolio in the area.
In financial news, the Illinois Housing Development Authority has recognized First Mid Bank & Trust as one of the top five mortgage producers in the Northwest Illinois Region. The bank has reported over $5 million in loan production, underscoring its influential presence in the housing market during these challenging economic times.
On the culinary scene, John DiGregorio, owner of DiGregorio’s Italian Market situated on the Hill, has acquired the former John Viviano & Sons store located at 5139 Shaw Avenue. This move is expected to enhance local food retail options and strengthen the community’s connection to its Italian heritage.
A major development initiative is underway in Bridgeton, St. Louis County, where Republic Services Inc. has announced plans to build a new recycling center. This facility will encompass 105,000 square feet and will be designed with advanced technology to improve overall recycling rates. Expected to serve approximately 3 million people in the greater St. Louis area, construction plans are set to begin in the first quarter of 2026, pending necessary permits.
In an effort to promote tourism, St. Louis will host the Vex Robotics World Championship in 2026 and 2027. The event is projected to generate over 25,000 hotel room night bookings and direct spending between $16 million and $17 million annually, providing a significant boost to the local economy. The 2026 championship is scheduled for April 20-30, with the following year’s event on April 26-May 6.
In St. Charles, a new 100,000-square-foot retail development is on the horizon, featuring a new Dierbergs Markets location on New Town Boulevard, strategically positioned near the Missouri Route 370 interchange. This project will include a 73,000-square-foot Dierbergs store along with two adjacent retail buildings and an outlot building that will add an additional 25,000 square feet of space for retail, restaurant, and services.
In contrast to these positive expansions, Lee Enterprises, the parent company of the St. Louis Post-Dispatch, faces financial hardships after experiencing a cyberattack. The company has delayed monthly interest payments for the third consecutive month and has adjusted its debt agreement with Berkshire Hathaway Finance to include conditions for asset sales and debt assignment. Lee Enterprises reported a net loss of $12 million on $137.4 million in revenue in the first quarter, with digital subscription and advertising revenue surpassing print revenue.
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Additional Resources
- KSDK: Republic Services to build new recycling center
- Wikipedia: Recycling
- KSDK: St. Louis secures robotics convention
- Google Search: Robotics Convention St. Louis
- St. Louis Post-Dispatch: Local business news
- Google Scholar: Local Business News St. Louis
- St. Louis Post-Dispatch: Financial news updates
- Encyclopedia Britannica: Financial News
- St. Louis Magazine: Business Developments
- Google News: St. Louis Business Developments
