Multifamily news in Development - St. Louis
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Top 5 St. Louis Completions in 2019
Steady demand is shaping the metro’s development pipeline, as some 1,100 units came online in the first months of 2019, while another 3,550 units were underway as of May.
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St. Louis-Area Community Opens Doors
ZM Management broke ground on the 381-unit development in 2013. The owner financed construction with two loans totaling $21 million.
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St. Louis-Area Community Breaks Ground
Located roughly 2 miles from Southern Illinois University Edwardsville’s campus, the 153-unit development is now underway, with an expected completion date in early 2020.
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Tarlton Renovates 2 Historic St. Louis Properties
The $28 million project transformed the former Shriners Hospital for Children and Central Institute for the Deaf into The Core Apartment Residences, which includes 160 units.
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ERC to Build St. Louis-Area Luxury Apartments
The developer plans to break ground on the 220-unit high-end community in May this year and complete construction by early 2019.
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Top 10 St. Louis Apartment Owners
Several local investors have emerged as the city’s top community buyers, due to the city's emerging startup scene and business-friendly environment.
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Draper and Kramer Opens St. Louis Apartments
The Flats at EVO include 46 townhomes in Richmond Heights, Mo. This marks the second phase of EVO, which features an adjacent four-story, 281-unit community that opened last year.
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Opus Completes 2nd Missouri Luxury Community
The 120-unit Ceylon Luxury Apartments is located in Clayton and joins the recently completed Citizen Park. Smoothie King will be the community’s first retail tenant.
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Opus Completes 217-Unit Luxury Community
Together with AIG Global Real Estate, the company recently completed Citizen Park, a 10-story luxury community situated in the heart of the historic Central West End neighborhood of St. Louis. The firm also landed its first tenant for the retail component.
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Berkadia Sells, Finances Upcoming St. Louis Community
The company secured a $52 million, five-year construction loan on behalf of Watermark Residential.
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TriStar Brings Luxury Apartments to St. Louis Market
Alinea Town & Country is reportedly the first community of its kind to be built in the West County Market.
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UnitedHealthcare Invests in Missouri Senior Housing Project
The new 42-unit affordable development will give local seniors access to quality housing and onsite support services.
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AFL-CIO BIT JV Back to Work in St. Louis
The two entities teamed up again for a $51 million apartment development.
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Mills Properties, KU Development Plan Apartments in Chesterfield
Once complete, the seven-building community will be among the first multifamily developments the second-ring suburb has seen since the 1980s.
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Village Green Breaks Ground on 82-Unit Addition to Historic Apartments
West End City Apartments recently broke ground on a luxury 82-apartment mid-rise building, an addition to the existing 318 apartments in three historic high-rises.