Search

St. Charles County sets major development record for third straight year

Image source - Pexels.com

ST. CHARLES COUNTY, Mo. – Officials say that St. Charles County has set a new record in major development projects for a third straight year.

According to the Economic Development Council of St. Charles County, crews began or continued construction for nearly 7.2 million square feet of major developments in the county last year.


Hostage situation at downtown Drury Hotel

The EDC says it’s a 12% increase from 6.4 million square feet of development in 2022 and a 40% increase from 4.8 million in 2021, the two previous records. Prior to then, annual totals typically hovered in the 3-4 million square foot range.

Officials say that St. Charles County’s population surge has largely driven the new development. A recent analysis from St. Charles County projects its population could grow to roughly half a million residents by 2030.

“Growth is in St. Charles County’s DNA,” remarked EDC President and CEO Scott J. Drachnik. “And with growth comes talent availability, which is driving companies making decisions about where to invest or expand. St. Charles County is ideally situated to capitalize on that need.”

Among the largest projects under development last year were the 1.6 million-square-foot Lakeside Logistics Center, a nearly 423,000-square-foot Trane Technologies facility, and expansion in the Francis Howell North School District.

The EDC says warehouse, institutional and medical projects generated the most development in 2023.

Headline

Never Miss A Story

Get our Weekly recap with the latest news, articles and resources.
Cookie policy
We use our own and third party cookies to allow us to understand how the site is used and to support our marketing campaigns.

Hot daily news right into your inbox.