According to a news release issued by the organization, they’ll be completing a historic renovation of the Walker Building to create 36 residential units. They’ll also begin new construction on the adjacent property, the North Walker Project, which is planned for another 55 residential units atop retail space.

Potential tenants for the retail area within these two developments include a high-end martini bar and a real estate brokerage.

On the opposite side of St. Helens, in a joint venture between Metropolitan Real Estate Development, Beaver Brinkman and Walt Sharp, a mixed-use development of approximately 526,000 square feet will be constructed. Known as the Sharp Project, this development has been planned to include more than 150 residential units and over 100,000 square feet of commercial space by 2008.

They're currently negotiating with potential tenants for the commercial space usage in the Sharp Project, including a hotel and three different grocery store chains.

The developers believe that all three projects in tandem will serve as a catalyst for economic growth and commercial influx for the St. Helens neighborhood.

For more information, and to view renderings of these projects, visit the Metropolitan Real Estate Development Web site.