St. Louis
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.
NorthMarq Capital Arranges $20M for St. Louis Community
Hibernia Apartments, a 100-unit property, includes a 16,000-square-foot ground-floor retail space that will be filled by a grocery store.
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.
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.
PGIM Adds to St. Louis Office
Richard Orf will fill the deputy chief underwriter position, while Tiffany Baymiller will be the new closing manager for the firm’s Federal Housing Administration lending program.
Startup Scene Boosts St. Louis Rental Market
Following the path of other Midwestern metros, the city is slowly transforming from an industrial center into a modern city with solid job gains in the health-care, business and technology sectors.
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.
Campus Advantage Adds 2 in MO
The Lyfe and The Row add a total of 778 beds to the company’s portfolio. Both communities cater to students attending the University of Missouri in Columbia.
St. Louis Gears Up
Despite a slowly declining population, the city continues to see positive economic trends driven by job gains in education and health services, leisure and hospitality, and professional and business services.
Berkadia Leads Sale of 528-Unit St. Louis Community
Lipton Group sold the three-building Pheasant Run community, located near downtown St. Louis. The average rental rate was $882 as of May.