CRG is no longer moving forward with its 750,000-square-foot development in Creve Coeur.
The company said about four or five homeowners declined to extend agreements with CRG that would have given the company time to rezone the property. CRG had 38 residences that comprise the Balmoral subdivision under contract near Olive Boulevard and Interstate 270, north of DeSmet High School, for the project.
CRG, the private real estate investment arm of Clayco, had not detailed what the 750,000-square-foot…
