The white 1967 Ford Mustang Shelby Super Snake III with a blue racing stripe is one of 105 cars for sale parked inside a showroom in Fairmont City that are soon coming to a new home in the metro-east.
Gateway Classic Cars is not releasing the terms of the deal but has announced that its 16 employees and any of the 105 classic cars in stock that range from a 1917 Model T to others that are at least 20 years old that are not sold within the next few weeks are expected to be relocated and parked in a new showroom in O'Fallon.
Gateway Classic Cars has been selling collectible automobiles on consignment at its 105,000-square-foot building at 5401 Collinsville Road in Fairmont City since 1999. By mid-March, the business will relocate to 1237 Central Park Drive, which was initially built for American TV & Appliance. The 127,735-square-foot building has been vacant since July 2011.
Like the Fairmont City building, the new O'Fallon location will serve as Gateway Classic Cars' national headquarters. The company has other showrooms in Chicago, Detroit, Indianapolis, Louisville and Tampa.
Marketing manager Adam Larkin, whose desk currently sits next to the '67 Mustang that can be yours for $650,000, said the new location will be more visible for the business and in an area where many other new businesses have been established in the metro-east.
"O'Fallon is a great area and it's growing every day and we just want to be a part of such a great growth," Larkin said. "It's going to be a lot better for our clients with all of the restaurants, bars, hotels and also the other businesses around there."
Tindall Construction Inc. in Pontoon Beach has been renovating the O'Fallon building for the past three weeks. Company president Bill Tindall said a new floor plan is being developed.
"We're currently in the process of demolishing out part of the interior inside and basically building new walls and interior to create a floor plan that works for the Gateway Classic Cars," Tindall said.
O'Fallon City Developer Ted Shekell said the city is pleased to have a new business that is as unique as Gateway Classic Cars reoccupy this space.
"We're thrilled to have these guys and it will be a nice fit out there," Shekell said. "It's good for them and good for the city. It's nice seeing that building being reused. We think it's a good thing all the way around."
Larkin said the showroom will only occupy a portion of the building and Gateway Classic Cars is talking to other potential businesses interested in leasing space. The company plans to use 50,000 square feet of 80,000-square-foot showroom and is currently looking for a tenant to take the remaining 30,000 square feet.
Gateway Classic Cars is projected to earn $24 million in sales this year.
Contact reporter Will Buss at firstname.lastname@example.org or 239-2526.