ST. LOUIS – The Opus Group
(Opus), along with
AIG Global Real Estate, announced today plans for a six-story high end apartment and retail building in Clayton, Missouri’s downtown business district.
“Joining the Clayton community is an exciting opportunity for Opus as we continue to expand our ties to the greater St. Louis market,” said Joe Downs, vice president, real estate development, Opus Development Company, L.L.C. “Downtown Clayton is a highly sought after location, known for its thriving employment hub, access to transit, and nearby dining and entertainment options. We’re pleased to move forward with this prime example of high density, urban core re-development, bringing an in-demand mix of luxury housing and retail to the area.”
The project will feature five stories of luxury residential units, including 120 residences in a variety of studio, alcove, one- and two-bedroom configurations, as well as two levels of underground parking. On the ground level, approximately 13,000 square feet of retail space will support the area’s thriving commerce activity.
“Clayton is one of the most desirable communities in the St. Louis area and Opus’ project truly supports our goal to create a phenomenal place for people to live, work, shop and dine,” said Clayton Mayor Harold J. Sanger. “The project builds on the success of our vibrant city, providing new and exciting downtown residential and retail options for our citizens.”
The project’s elegant, modern and sustainable design will complement the city’s downtown business district and highly-trafficked “Restaurant Row” – a hub for dining and pedestrian activity. Adjacent to a variety of public transit options, including bus and rail, the development will also feature amenities fit for an active, urban lifestyle, such as a Fitness On Demand studio, secure bike storage and a rooftop terrace overlooking Central Avenue complete with fire pit, grill, club and game rooms and a kitchenette.
This project expands on Opus’ activities in the markets’ multifamily sector; construction started earlier this year on a luxury multifamily project in St. Louis’ Central West End neighborhood.
Opus Development Company, L.L.C. will be the developer and Opus Design Build, L.L.C. will be the design-builder. Opus AE Group, L.L.C. will be the architect and structural engineer of record. Construction will begin in late 2015 and is slated for completion in March 2017.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in healthcare, residential, office, institutional, industrial and retail projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.