7 Alby Street
Alton, IL 62002
St. Louis Post Dispatch
January 16, 2009
By Terry Hillig
It's an unlikely time and some might say an unlikely place, but downtown Alton is on a roll.
Bucking one of the toughest economic climates in decades, the business district has new loft developments, new shops, new restaurants, a busy nightlife and reasons to be optimistic about the future.
Downtown Alton's "front yard" is redeveloped Riverfront Park. A $4.4 million, 4,000-seat amphitheater is scheduled to open in the park this year and a $2.5 million overpass will span Landmarks Boulevard and make it easy for pedestrians to walk to the park.
Penny Schmidt and her business partner, Duane Randall, developed 10 upscale condos in the former Mississippi Lime Co., at 7 Alby Street. It overlooks Riverfront Park, the river and the Clark Bridge. Six shop and office spaces have been created at street level.
Schmidt said an art gallery has opened in one of the spaces, a hair salon in another and an artisan bakery will open in March.
"We're delighted," Schmidt said. "People are jumping on these spaces before they're even finished, just as they did with the condos. People really value the location, the river views, the interior parking, the proximity to St. Louis."
Read the entire article on www.STLtoday.com
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