Advantes Group News Today

The developer behind a renewed revitalization of Lacledes Landing is facing a legal battle from a business partner who alleges hes owed over $1 million.

The vacant, former AT&T tower in downtown St. Louis has sold again, nearly a year after a prior effort fell through.

The long-vacant, 44-story property will be auctioned off from Dec. 11-13 on the online auction site Ten-X, marking the second time in two years.

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The company did not respond to multiple requests for comments about how it was still pursuing a redevelopment without having the building under contract.

Advantes Development Group had a $300 million plan to turn the vacant downtown property into a hotel and apartments.

Yitzchak Simon, who worked for St. Patrick Center, filed a federal lawsuit this week seeking damages.

Yitzy Simon alleges he was fired from St. Patrick Center after the mayor threatened the loss of public grant money over his advocacy work

Brian Minges of development firm Advantes Group and his development partners bought properties in Laclede's Landing with a goal to turn them in residential lofts.

The plan would be a $300 million investment slated to bring some $13 million in revenue to the city and more than $2 million to city schools.