Work to level a former steel mill in Hazelwood is expected to be done by the end of August, clearing the way for contractors to build a 1½-mile road and run utility lines through the 178-acre property, a developer said on Friday.
“Once the infrastructure work is under way, I think it will unlock tremendous interest in the site” from prospective tenants, said Donald F. Smith Jr., president of the Downtown-based Regional Industrial Development Corp.
RIDC is partnering with four foundations under the name Almono to transform the former LTV Steel Co. site. They bought the riverfront property in 2002 and envision more than $1 billion in development happening there during the next two decades, including 1,400 housing units, 1.3 million square feet of office space and nearly 950,000 square feet of industrial space.
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