Bianco Properties Improves Olivette Center With Major Painting Overhaul

Olivette Shopping Center was built in 1957 and purchased by Bianco Properties in 1978.  The 80,118 square foot complex is the largest shopping center in Olivette.  It is currently at 88 percent occupancy with 24 tenants, including Party City, Tuesday Morning, the Artery, the Olivette License Center, Ray's Doughnuts and the Olivette Diner.

The last major remodeling project took place in 1996, however all of Bianco's retail centers are updated every few years to keep up with changing trends and maintain a fresh look for tenants.

Most recently, the Olivette Shopping Center has undergone updates in 2005 and 2011 and included new storefront and paint.

The property is leased by Bianco's Director of Leasing, Donita Rachell and is managed by Assistant Property Manager Lisa Sanders.

Bianco Properties is a long-term investment company made up of more than 75 employees throughout the United States.  In business for nearly half a century, it has successfully acquired properties for its real estate portfolio valued at over $275,000,000.

With holdings totaling 3 million square feet of space in St. Louis, Seattle, Indianapolis, Dallas and Tulsa, Bianco Properties and its investors own 28 properties, including 16 shopping centers, 3 industrial campuses and nearly 1,500 apartment units in seven residential complexes.

Bianco is currently working with the City of Olivette's Planning and Zoning Department, as well as other government officials, to gain support and approval for an electronic message board along side Olive Street for the shopping center. This has been an on and off issue for several years.