SAINT LOUIS, MO – January 19, 2024 – Keeley Properties and KEAT Properties are excited to announce the addition of ALDI and Smoothie King to Olive Crossing. ALDI is set to break ground this summer, taking over a 2.55 acre parcel of the 14.8 acre mixed use development. The new ALDI store will provide approximately 12,000 square feet of retail space within an approximately 22,000 square foot building and a unique shopping experience that will save the residents of Olivette and surrounding communities both time and money.
“We are proud to partner with ALDI at Olive Crossing and bring their unique model to Olivette,” said Greg Yawitz, CEO of KEAT Properties. “As one of the fastest growing retailers in the U.S., ALDI is a staple in so many people’s lives and will provide the city with its first grocery store in over 20 years.”
ALDI and Smoothie King join Paris Baguette as the first retail tenants fronting Olive Crossing. Paris Baguette, a neighborhood bakery café, and Smoothie King will anchor the west storefronts of the retail building at the corner of Olive Boulevard and I-170, while the ALDI building will anchor the corner of Olive and Price Road.
“The design of the buildings will complement the aesthetic of The Clover, our luxury apartment residence that opened over the summer,” said Jason Braidwood, President of Keeley Properties. “We’ve been very deliberate about the architectural experience across the development to create an elevated, yet authentic atmosphere.”
Keeley and KEAT are actively negotiating with multiple tenants to lease the approximately 6,000 square feet remaining in the retail building, which will deliver in 2024.
“Olive Crossing is dedicated to culture, community, and connectivity, and each retail tenant really aligns with these values. The ALDI grocery store is a perfect addition in cultivating this corner of culture and convenience,” said Rusty Keeley, CEO of Keeley Companies. “For our residents at The Clover and our neighbors in Olivette, U-City, and Ladue, we can’t wait to bring a line-up of premier retailers and restaurants to your everyday lives.”
About Keeley Properties
Keeley Properties is a real estate investment, development, and management firm focused on the multifamily, mixed use, and self storage sectors. Our integrated platform activates communities through the built environment, and then sustains world class deliveries through an unwavering focus on customer experience. Keeley Properties is powered by Keeley Companies, a family-owned enterprise of companies building communities across the country. One single source for investment, development, management, construction, and restoration.
About KEAT Properties
KEAT Properties was founded on family. Driven by our mission of enhancing communities with a collaborative spirit, our firm has experience on all sides of the table. Our world-class team not only understands how to negotiate, but we also know how location, costs, access, site feasibility, zoning, politics, and all facets of real estate interplay for your success.
About Olive Crossing
Olive Crossing is Keeley and KEAT’s redevelopment of the southwest corner of Olive and I-170, a mile from the downtown Clayton business district, redefining the pathway from the airport to St. Louis’ urban core. The dynamic 14.8-acre mixed use center includes class A multifamily residential, office, retail, and a Courtyard by Marriott, all featuring distinctive architecture, water features, greenery, and artwork.