11/05/2008 (7:59 am)
Developer to scale back project
CLAYTON — The developers of a proposed $568 million mixed-use project that would include a new Brown Shoe Co. global headquarters said Monday they are scaling back the project.
Bob Clark, chairman and CEO of Clayco and one of the co-developers, informed city officials that the Clayton School District appeared no longer to want school property included in the project. The developers have been negotiating to build on district-owned property adjacent to the Brown Shoe property along Maryland Avenue.
USECH — a joint venture of Clayco, U.S. Equities and Hutkin Properties Group — is developing the retail, commercial, office and residential project.
Chris Tennill, spokesman for the Clayton School District, said Monday night that district officials had expressed some concerns but were surprised by the announcement. He said the district officials had signed a confidentiality agreement with the developers not to discuss details of the negotiations.
"We really support the project and the impact it will have on the Clayton community and the jobs it will bring to the area," Tennill said bad credit cash loan. "We always felt there was a way to collaborate."
The developers made their announcement 1
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