Originally planned for the Central West End and then another building on Tower Grove Avenue, Smale said the team was excited to finally find a space, especially one put together by Poremba. Work should be starting soon, he said.

"Our goal is still to get it open by the end of the year," said Smale, who left Strange Donuts to focus on the Good Fortune venture.

Also planned for the 7,400-square-foot building are a bicycle shop, a salon and office space for a tech startup. Some 40 workers are expected to be employed on the site.

Remaking the industrial building, empty since Hoffman Brothers moved to the Hanley Industrial Park in Brentwood last year, into a retail and office space should bring “a lot of life to the street,” said Doug Rasmussen, a consultant for the building's owners.

The city’s Enhanced Enterprise Zone board advanced a measure Tuesday that would allow five years of property tax abatement on improvements to the building.

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