Named Lumiere Place Saint Louis, Pinnacle announced that the downtown project will now cover 20 acres when it is complete, include a pair of underground walkways and have additional residential and retail units.
The initial phase of Lumiere Place is priced at more than $475 million and will feature two hotels and a casino with approximately 2,000 slots and 40 table games. This includes the existing 297-suite Embassy Suites, which is undergoing a multi-million dollar renovation.
The luxury hotel will include 200 rooms, a 10,000-square-foot spa, two fine-dining restaurants, and an expansive pool and garden area off the hotel lobby on the eighth floor, overlooking the Gateway Arch and the city skyline.
Rodney Crim, St. Louis Development Corp., director, said the city badly needs “a vital entertainment district,” and called Lumiere Place “a high-quality project that will help transform the city.”
He also said Pinnacle “values diversity among vendors and employees.”
“Even though this is a private project, Pinnacle is meeting the city’s minority participation goal (25 percent African-American and 5 percent women business enterprise inclusion) and is a great corporate partner.
Pinnacle Chairman and CEO Daniel R. Lee announced the project’s naming on Thursday at the firm’s Laclede’s Landing office. He said during a press conference that the company now owns or has an option to purchase all real estate in the Lumiere Place area, a redevelopment zone bounded by Third Street, Carr Street, Lenore K. Sullivan Drive and Dr. Martin Luther King Boulevard.