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ST. LOUIS — Urban Development Fund, an affiliate of Aries Capital, has provided $17.5 million in financing to fund the redevelopment of St. Louis Centre in St. Louis. Located at 515 N. Sixth St., the 540,000-square-foot shopping center is scheduled to undergo a $35 million renovation this year. The redevelopment project will include 60,000 square feet of first-floor retail space, a movie theater and banquet hall on the second floor and a 750-vehicle parking garage on the remaining two floors. The redevelopment project is intended to serve as a catalyst for the redevelopment of St. Louis' Mercantile Exchange District, which will feature the renovation of One City Centre, St. Louis Centre and the Dillard/Laurel building.