The St. Louis Cardinals and The Cordish Companies recently broke ground on the $260 million second phase of Ballpark Village. The 700,000-square-foot expansion project hopes to further boost Clark Street tourism.

St. Louis Mayor Lyda Krewson and numerous civic, community and business leaders joined the celebration.

"This second phase is more than seven times the scale of the first phase of Ballpark Village, bringing our total investment in new construction downtown to well over $750 million since 2005," said Bill DeWitt III, president of the St. Louis Cardinals. "By developing new housing, Class A office space, an upscale hotel and high quality street level retail, we are truly putting the ‘Village’ into Ballpark Village."

New buildings will be built on both the east and west sides of the existing Phase 1 development. A new street will emerge, running from 8th Street to Broadway, and be called Cardinal Way. On the east end of Cardinal Way will be a 29-story luxury residential tower called One Cardinal Way.

On the west end will be the first new construction Class A-Office Building in downtown in over a generation, anchored by PricewaterhouseCoopers, and an upscale convention hotel, Live! By Loews – St. Louis, MO. In addition, a three-story retail pavilion just north of the Busch II Infield and Event Plaza will connect it all.

The first phase of Ballpark Village created more than 1,000 construction jobs and 1,700 new permanent jobs when it opened. The second phase of Ballpark Village stands to create 1,500 construction jobs and more than 1,000 new permanent jobs, according to the St. Louis Cardinals and The Cordish Companies.

The construction of Ballpark Village's expansion is the next step in the Cardinals' vision for downtown St. Louis that began with the opening of the $411 million privately-financed Busch Stadium in 2006.

The expansion project is targeted to begin opening in 2019 and will be completed by 2020.