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Kroenke partner looks to buy 200 acres in Maryland Heights

Brian Feldt

Alan Bornstein, the longtime attorney and partner of St. Louis Rams owner and real estate mogul Stan Kroenke, is looking to buy 200 acres in Maryland Heights near the intersection of Page Avenue and Highway 141.

Bornstein, who represents UTW Realty LLC, told the Maryland Heights City Council this month that UTW has contracted with the Knobbe Family to purchase the property in the Howard Bend District and would be interested in developing a retail project in the area. Bornstein told the Maryland Heights City Council nothing has been finalized, but he plans to have discussions with them about what types of projects they would like to see in the area.

Speaking to Rolla, Missouri, officials in 2014, Bornstein said Kroenke, along with Jeffery Otto, are his partners in UTW Realty.

Bornstein did not return multiple requests for comment.

Mike Zeek, city planner with Maryland Heights, said no plans or designs have yet been submitted to city officials.

With the completion of Page Avenue construction and the 500-year levee nearby, Maryland Heights officials have identified significant development potential in the Howard Bend district.

Mostly farmland, the Maryland Heights district was long rumored to be a potential site for a future NFL stadium.

Today, St. Louis officials are working to keep the Rams in St. Louis with a proposed $1 billion stadium along St. Louis’ north Mississippi riverfront, while Kroenke has announced plans to build his own $2 billion stadium in Inglewood, California. He bought that property in 2014.

Dave Peacock, co-leader of the St. Louis stadium task force, said he previously heard of a potential Kroenke real estate deal in Maryland Heights.
Peacock said the development wouldn’t be unusual. Kroenke is, after all, a real estate developer who specializes in retail projects, including Wal-Marts.

“But (Kroenke) said the same thing about Inglewood, however, so who knows,” Peacock said. “If he’s planning on building a stadium out there and keeping the team in St. Louis, that’s great. But I don’t know any of the facts as it relates to that project.”

What same thing did Kroenke say about Inglewood?

When Kroenke bought the land in Inglewood he notified the NFL that he had purchased land which could be used to build a stadium...

I've said from the beginning that the Riverfront stadium won't be built. Neither will Carson for that matter.

Elvis wrote:What same thing did Kroenke say about Inglewood?

When Kroenke bought the land in Inglewood he notified the NFL that he had purchased land which could be used to build a stadium...

One of the thoughts was that this is the fallback site should the riverfront not work. So if that's the case they now have to come to property owner Stan. A shot in the back and a negotiating tool.

OldSchool wrote:

Elvis wrote:What same thing did Kroenke say about Inglewood?

When Kroenke bought the land in Inglewood he notified the NFL that he had purchased land which could be used to build a stadium...

One of the thoughts was that this is the fallback site should the riverfront not work. So if that's the case they now have to come to property owner Stan. A shot in the back and a negotiating tool.

yeah OldSchool, this is a very interesting strategic development. High stakes poker, baby.

This thing gets wackier and wackier by the day.

At first when he bought the land in Inglewood, there was no talk initially about a stadium. At least publicly. When it was announced and the wheels came off in StL Oak and SD, Goodell said that Kroenke had notified the league about the land purchase and the stadium. There was interim silence, which could be what is happening now.
At first blush, other factors have made Maryland Heights a good investment at this time. ESK /partners can buy low and develop. As time goes by, the price of real estate and rentals premiums will rise so they can sell high.

If this has anything to do with the Rams, it would bear credence to the notion that ESK won't go rogue and that it is possible that he could be denied his bid for LA. Then this land would be the fall back site,, 2nd choice alternative.

That would suck for us.
It will also be interesting to see how those in StL suddenly begin care less (again) about that blighted part of the city anymore,,, as long as they can keep the Rams.

The land has yet to even be purchased. The story, right now, is:

"Alan Bornstein, the longtime attorney and partner of St. Louis Rams owner and real estate mogul Stan Kroenke, is looking to buy 200 acres in Maryland Heights near the intersection of Page Avenue and Highway 141."

Elvis wrote:The land has yet to even be purchased. The story, right now, is:

"Alan Bornstein, the longtime attorney and partner of St. Louis Rams owner and real estate mogul Stan Kroenke, is looking to buy 200 acres in Maryland Heights near the intersection of Page Avenue and Highway 141."

In other words,,, warning. I am creating an alternative. The Aldermen might be under slightly less pressure to approve if they feel there could be an alternative. Derails Peacocks efforts.. So much for his MLS team. It could stall the corporate sponsorship agreement process' as well.
A lot of uncertainty is created in that one little sentence..

Maryland?

Oh, I get it, Maryland Heights MO

Interesting