As a growing market, St. Louis is delivering steady real estate results.
St. Louis is a development gem where delivery of new well-located quality product against modest competitive supply decreases investment risk and often delivers above average returns. We compete at the highest level in some of the country’s most developed and competitive markets. Those experiences allow us to capitalize on ripe opportunities in more underserved markets, like St. Louis.
Multifamily is on the Rise
St. Louis’ steady growth is especially evident in multifamily. In January 2015, we started construction on a 12-story, 217-unit luxury development in St. Louis’ historic Central West End neighborhood. This fall, our team broke ground on a similar project in Clayton, Mo., a six-story, 120-unit development in the town’s cultural hub. Both projects are located in the heart of the metro’s two strongest submarkets, benefiting from multiple demand drivers and thriving urban neighborhoods.
The success of these projects hinged on collaboration with Central West End and Clayton neighbors and community leaders, including city staff residents and historical preservationists. Attention to form and function went into these projects with elements that complement each neighborhood’s charm and demographics. Below street level parking will allow for active, pedestrian-friendly sidewalks.
Our team also recently completed a student housing project adjacent to the University of Missouri in downtown Columbia.
Continuing the theme of well-located national product in urban cores, District Flats fully immerses residents in downtown’s cultural environment and provides walkability to campus. We see the potential for growth and development in St. Louis across many sectors, and we’re prepared to deliver the right product at the right time, using our national experience to inform local decisions.