Joe Downs, Vice President
Years with Opus: 14 years
Project Credits: Clayton North Central Luxury Apartments, Citizen Park Luxury Apartments, 56 Commerce Center, District Flats, Park East Tower, Dardenne Town Square
Event: St. Louis Commercial Real Estate Summit - 3rd Annual Winter Classic
Key Points:
- We’re focused on urban core neighborhoods. People are already attracted to these neighborhoods, and we are looking to advance the neighborhood in a modern way. Our architecture, branding and common areas are all geared around this comprehensive approach to make people feel one with the neighborhood they want to be in.
- There are some natural market resistance points taking shape that can increase cost, including scarcity of labor to advance project schedules and construction lenders being required to preserve more capital driving down loan to cost.
- Midwest is a place for investors to procure more yield on their investments than the coasts without having to sacrifice location or quality of real estate.