The Downtown Master Plan vision is now closer to reality. Clayton officials negotiated a $1.1 million sale with Indianapolis-based developer Flaherty & Collins Properties to sell the city-owned parking lot at 8049 Forsyth to make way for a proposed top-of-the-market luxury building at the corners of Brentwood Boulevard and Forsyth Avenue. The project will receive no tax incentives and is fully taxable.
The location was one of the top areas for redevelopment identified by Clayton residents during the 2010 Downtown Master Plan process. Currently, the parking lot does not contribute any revenue to our school district or city services. The project contributes $1.1 million to fund other city needs and as proposed replaces or expands retail and restaurant parking, brings in a luxury residential tower and retail, and adds dramatically to the city and school tax base.
The proposed project’s conceptual plan shows it will include an approximately 24-story building with 250 luxury apartment homes with penthouse suites and 10,000 square feet of street-level retail. Amenities include a rooftop saltwater pool, Sky Bar, outdoor courtyard with grilling stations, balcony views, yoga studios, fitness center, bike repair and storage, pet wash, and other attractive full-service options for active park-side living in downtown Clayton. A preliminary traffic study conducted by a third party engineer suggests that the project will not have any significant impact to roadway infrastructure or drive times.
Flaherty & Collins Properties have similar projects in Indianapolis, Cincinnati and Tulsa, in addition to luxury mixed-use developments in Minneapolis/St. Paul, Kansas City and Chicago regions.
A conceptual plan for the development review process was presented to the Planning Commission/Architectural Review Board on Tuesday, February 21. For more information and to stay updated on the project, please visit our Planning & Development Department's Pending Applications page. Please submit your comments to email@example.com.