St. Louis homebuilder Payne Family Homes has broken ground on The Streets of Caledonia, a new $400 million mixed-use project in O’Fallon at Interstate 64/Hwy. 40 and Route DD.
Payne will be building 657 single-family homes and townhomes on 153 acres. The project will also include 93 acres targeting a mix of retail development, entertainment, office, medical and hospitality space located to the north and east of the homes.
“We are very excited to break ground on this project,” said Ken Kruse, Payne Family Homes president. “This is a large project, and over the past two years, we have been working hard to get everything in place. This development will offer our home buyers a great location, top-quality home construction, green space, amenities adjacent to parks, and a quality school district.”
Home sales at The Streets of Caledonia will start in the fall of 2020. The development will offer traditional single-family homes featuring ranch, 1.5 story, and two-story homes with open floor plans and lots available that back to 7,000 acre Busch Wildlife Reserve and O’Day Park. The townhomes will feature two- and three-bedroom units and attached single-car garages. Lombardo Homes will join Payne in also building a section of the new home community.
The Streets of Caledonia will also offer 30 acres of common area, including several lakes with fountains, walking trails with benches and gazebos, a neighborhood pool with covered pavilion, playground, dedicated bocce ball area
Regional improvements include:
- $4 million for approximately one-half mile of DD, including additional right-of-way, a new traffic signal, a new roundabout, additional traffic lanes and additional off-ramps at the highway interchange.
- $5 million for between two and five lanes of connectivity between Hwy. N and Route DD. Caledonia Parkway, as it is named, will be finished late in 2020.
- $3 million in two to three lanes called Dalriada Boulevard.
The Streets of Caledonia will include 93 acres of mixed-use commercial development, which will be available in early 2021 and is targeting retail, entertainment, office, medical, and hospitality businesses. The retail space is being marketed by Evan Barnett and Patrick Willett from Pace Properties. Mark Palmer and Artie Kerckhoff of CBRE are marketing the office space.