New data reveal a significant increase in business activities at some of St. Louis’s largest mixed-use developments last year. These developments have experienced heightened foot traffic and retail activity, contributing positively to the city’s economy. The sales and use tax data indicate that strategic investments and innovative urban planning in these areas are yielding promising results. Key developments such as Ballpark Village and The Foundry have been at the forefront, attracting both local and national businesses, which bolsters community engagement and economic growth. Experts attribute this growth to the vibrant blend of commercial, residential, and entertainment spaces that cater to diverse consumer needs. This upward trend not only showcases the success of mixed-use developments in adapting to changing market demands but also highlights their role in shaping St. Louis’s urban landscape. The continued investment in these areas is expected to further increase business activities and enhance the city’s economic vitality.
The Business JournalsNew data shows smarter solutions to change-of-mind returns as retailers crack down
In a bid to address the rising costs associated with change-of-mind returns, many retailers are implementing stricter policies. However, recent data suggests that a more