St. Louis
Owner of $8.2 Million Locust Street Lofts Files for Bankruptcy
Locust Street Lofts LP has filed for Chapter 11 bankruptcy and has listed between one and 49 creditors in the filing, with estimated assets and liabilities ranging from $1 million to $10 million.
Washington University Gets Approval for $80M Residential, Retail Project
Washington University in St. Louis has recently obtained final approval for an $80 million student apartment and retail project in the Delmar Loop in University City and the city of St. Louis.
Roberts Tower to Feature 132 Upscale Apartments; St. Louis Zoning Panel Green Lights Apartment Building in Dogtown
The St. Louis Land Clearance for Redevelopment Authority has nominated STL Tower Partners as the preferred developer of the vacant Roberts Tower in downtown St. Louis.
Retail Market Livens Up in St. Louis
Several retail market-related news made headlines in St. Louis recently, regarding both traditional and online retail. Representing traditional retail was the sale of the Bellemore Village Center located at 3202 Nameoki Road.
Village Green and L3C Capital Partners Expand Multifamily Partneship in Creve Coeur, Lake St. Louis Markets
Village Green and L3C Capital Partners LLC have recently announced a new multifamily housing partnership in the St. Louis area. New York-based investment company, L3C Capital Partners LLC recently acquired a portfolio which includes four St. Louis multifamily communities. The four luxury apartment communities located in the Creve Coeur and Lake St. Louis markets, Cross Creek, Cove West, Westchase and Cedar Lakes, will each undergo multi-million dollar renovations which will include individual apartment upgrades.
Dominium, U.S. Bank Open Affordable Artists’ Housing Financed by Tax Credits
Minneapolis-based Dominium has completed the newly renovated Metropolitan Artist Lofts. The grand opening ceremony for the property was attended by representatives from Dominium, financing partner U.S. Bank and the Grand Center neighborhood.
CORTEX Announces $186M Phase II in Biotech District
Phase II of CORTEX, midtown St. Louis’s bioscience and technology hub, will bring 384,000 square feet of additional lab and office space to the technology district. The total facilities space in the technology district will total over 1,000,000 square feet when the phase is complete.
Mills Properties Plans to Build $60M Apartment Community Featuring a 30,000-Sq.-Ft. Whole Foods Grocery
Locally-based Mills Properties recently announced plans to build a new apartment community in the Central West End neighborhood of St. Louis.
Drury Development Plans to Break Ground on 210-Room Hotel, Restaurant Project In Brentwood
Drury Development Corp. is set to break ground on a new hotel and restaurant project in the City of Brentwood, Bola Akande City Administrator revealed.
First Phase of Cardinals’ $700M Ballpark Village Obtains Approval
The Missouri Development Finance Board has voted in favor of awarding $17 million in state and local tax incentives to help fund the $100 million first phase of the Cardinal’s mixed-use Ballpark Village project. The state of Missouri is expected to contribute around 25 percent of the bonds.