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June 27, 2022

Arbutus to flip SLU triangle to life-science developer

Real Estate Editor

Renderings by Perkins Will [enlarge]
Looking southwest, as if from high over the freeway, the PMB project is left (east) of Stewart, with the Arbutus apartment tower at right.

Canadian developer Arbutus Properties will evidently walk away from its proposed office building at 1305 Stewart St. It's invested over $20 million to date for the land, just west of Interstate 5. Arbutus had planned to add the Funhouse/El Corazon parcel on Eastlake Avenue East. That's now off the table.

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