Speculative construction will stay to a trickle throughout 2004, rebounding only when market confidence is more solid later in the year. This allows them to offset risk by obtaining tax credits and including the healthier retail and multi housing segments of the market. One example is the nearly complete 75,000-square- foot Meridian at Brentwood.

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This is anchored by Best Buy and located along the prime Highway 40 and Eager Road corridor. Construction also began on Boulevard I, a 10-story office building with retail, restaurants and apartment space.

It is located across the street from the successful Saint Louis Galleria Mall. Other projects include the planned 250-room Renaissance Towers hotel and 16-story office building in Clayton. Nearby, THF Realty, Inc. is pushing forward on its plans to build two buildings that will house 1.2 million square feet of office space, 17,790 square feet of retail space, and a 250-room hotel.