The Lawrence Group’s name for the project at the Federal-Mogul site is City Foundry Saint Louis at Cortex. The site on Forest Park Avenue is between Vandeventer and Spring avenues on the north side of Highway 40 (Interstate 64) and east of the Cortex technology district.

Smith praised Swarj Paul, chairman of Bull Moose and founder of Caparo, for Bull Moose’s investment in City Foundry. Paul is an Indian-born entrepreneur who holds the aristocratic title Lord Paul of Marylebone.

Michael Blatz, chief executive of Bull Moose, said in a statement, “This new investment by Lord Paul represents our continued confidence in St. Louis as well as our belief in the exciting vision laid out by Steve Smith for the City Foundry development.”

Smith said the environmental cleanup, aided with $5.6 million in brownfields tax credits from the state, will take six months to complete. Elements of City Foundry’s first phase, scheduled to open in 2018, will include: