St. Louis
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.
Balke Brown Transwestern Plans 280-Unit Apartment Project at The Highlands
A new residential project is set to be added to the 26-acre Highlands mixed-use development,
Dominium Proposes $100M Mixed-Use Conversion of Landmark Arcade Building
Dominium Development is offering $6 million to the city’s Land Clearance For Redevelopment Authority (LCRA) for Arcade Building, one of the biggest vacant structures in downtown St. Louis that has not been occupied for decades.
Raven Purchases Foreclosed Northwest Plaza Mall, Plans $106M Redevelopment
The Northwest Plaza shopping mall in St. Ann is set to get a new lease on life as an entity formed by Raven Development closed on the purchase of the nearly vacant property,
St. Louis Design Alliance Starts New Construction, Renovation Project
Locally-based architecture and development firm St. Louis Design Alliance is renovating a 1920s apartment hotel and building a mixed-use building at the eastern end of the Delmar Loop,
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