Greenstreet CEO Phil Hulse signed the permit application documents.
In addition to the $2.7 M owed in property taxes (2022-25) for #3728Market , Hulse owes 2025 taxes for the #ArmoryTIF building at #3660Market & on Greenstreet HQ at #4565McRee
Ask SLDC for the status of PACE loan payments on Armory.
Screen capture image from the video recording of the 6.28.2022 LCRA board meeting, which was conducted via Zoom. The recording was obtained in response to a Sunshine request to the St. Louis Development Corp. The meeting predates the launch of SLDC's YouTube channel in January 2023. Video recordings of the SLDC-staffed development boards held prior to 1.1.2023 are not posted on the Develop St. Louis YouTube channel. See link in bio for SLDC's YouTube channel.
Image showing an excerpt from the minutes of the 6.28.22 City of St. Louis LCRA board meeting, documenting the consideration of Res. 22-LCRA-10725 for GreenStreet's development at 4565 - 4591 McRee Ave. The minutes omit key details from the discussion prior to the vote. See pages 3 & 4. https://www.stlouis-mo.gov/government/departments/sldc/boards/documents/upload/Regular-Session-6-28-22-DAM-and-DR-edits.pdf
Photograph showing the GreenStreet development on McRee Avenue in St. Louis. Left: The building at 4565 McRee housed the Bar-K dog park/bar, which closed on 7.29.25. The building also houses GreenStreet's headquarters and the offices of Brado and the James S. McDonnell Foundation. Story on Bar-K's closure, posted on St. Louis Public Radio's website: https://www.stlpr.org/economy-business/2025-07-29/bar-k-dog-bar-closes-all-locations-citing-st-louis-rising-costs Right: Apartment building at 4591 McRee. "The Rail on McRee"
Photograph showing the sign at the entrance to the 4565 McRee property, with "The Rail" apartments in the background. (7.30.25)
Following Bar-K's closure, I'm rewatching the St. Louis #LCRAstl meeting held on 6.28.22.
LCRA voted 2 - 1 to authorize a $7M + increase in the value of tax abatement for the #4591McRee project, now dubbed "The Rail." No approval by the Board of Aldermen was required.
#BarkingIncentives #4565McRee
Calling St. Louis reporters☎️
Please mention the multiple tax breaks received by GreenStreet for the #4565McRee project (GS HQ/Bar-K) and Chroma/Hue projects in your coverage today.
Background: #BarkingIncentives
#4591McRee
#4001Chouteau
#DeadbeatDeveloper
#NightmareOnGreedStreet
#WhoBenefits ?
Runner up to Northside Regeneration in the #DeadbeatDeveloper category for the 2020s: Green Street & some affiliated LLCs.
4565 McRee The delinquent 2022 & 2023 property taxes were paid in Dec. 2024 ($330K+)
See #BarkingIncentives on X for saga of #4565McRee (GreenStreet HQ/ Bar-K) & #4591McRee Rail
Screenshot of City of St. Louis Assessor's property information for 4565 McRee. Link to webpage: https://tinyurl.com/ye84nvjk Images on the right depict the building which houses developer GreenStreet's head office and multiple tenants.
Assessment and real estate tax summary, as shown on the Assessor's property information webpage for 4565 McRee. Link in ALT text for first image.
Recent building permit records for 4565 McRee, as shown on the Assessor's property information webpage for 4565 McRee. Link in ALT text for first image.
Serial tax offender: GreenStreet owes over $332K for 2022-23 for its HQ at #4565McRee, which is also home to Bar-K & the James S. McDonnell Foundation.
If paying in-person is preferable, I can give GS a ride to City Hall.
Why does the City issue occupancy permits for 4565 McRee when taxes are owed?
The #PIEAstl meets today at 3 p.m. via Zoom.
Did SLDC notify Ald.Tyus?
Always ask: Who Benefits?
Bonds for tenant; no BOA approval needed.
Property owner is affiliate of GreenStreet.
Per City website, GS owe over $1.6 MILLION in real estate taxes on two properties: #4565McRee & #3728Market
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