Markets at Olive Development

The Markets and Olive development is located on the western edge of University City at the intersection of Olive Boulevard and I-170. The entire development consists of approximately 50-acres along both the south and north sides of Olive Boulevard, bordered by I-170 on the west and McKnight/Woodson Road on the east. The estimated $211-million Markets at Olive development is designed to accommodate a potential mix of retail, restaurants, apartments, offices and hospitality. 

The first phase of the Markets at Olive will include development of an anchor, a 160,430-sq.-ft. Costco Wholesale store, on the north side of Olive Boulevard, east of I-170. Demolition of the site will begin in late June with site work and grading beginning in August. A detailed schedule of Costco site-related work is provided below. 

This development does include the use of tax increment financing (TIF) to help pay project costs including land acquisition, site work, and infrastructure improvements to improve the quality of housing, streets, landscaping, lighting, safety and enhance the overall quality of life in the designated area. More information about the TIF process is available by visiting the Olive and 170 TIF webpage. 

Costco Site-Related Work Timeline
Award Abatement WorkMay 14, 2021
Notices to St. Louis County for Abatement BeginningMay 17, 2021
Commencement of Abatement WorkMay 31, 2021
Completion of AbatementJuly 26, 2021
Commencement of DemolitionJune 24, 2021
Completion of all DemolitionAugust 31, 2021
Commencement of Site Work & GradingAugust 5, 2021
Commencement of Cut and Hall to South StockpileSeptember 15, 2021
All Weather Access Roads and Temp. UtilitiesOctober 1, 2021
Costco Access RoadsDecember 31, 2021
Completion of South StockpileJanuary 10, 2022
Site Utilities: Storm and Sanitary SewersJanuary 18, 2022
Completion of Costco PadJanuary 10, 2022
Inspect and Adjust Costco Pad for Final AcceptanceFebruary 10, 2022
All On-Site Work CompleteFebruary 10, 2022
U-City and Other Approvals as NeededFebruary 25, 2022
Turn Over Pad to CostcoFebruary 15, 2022

Once the pad is turned over to Costco, construction of the building will begin. 

In the video below, Director of Planning and Development Clifford Cross explains the anticipated timeline for the project as chronicled in the table above via an interview with City Manager Gregory Rose. He describes what the public can expect to see and experience. As details such as traffic control measures become more define, they will be shared with the community.