The 152-device condominium building, identified as The James, will have 7,000 square ft of retail area on the floor floor.
KIRKWOOD, Mo. — A 5-tale condominium elaborate shortly to be created in Kirkwood is the initial big-scale condominium job permitted in the city’s downtown historic district in two many years.
Superior Avenue Household is scheduling its initially multifamily challenge in the St. Louis region on a 2.56-acre web site at 416 N. Kirkwood Highway. The 152-unit apartment creating, termed The James, will have 7,000 sq. feet of retail house on the floor floor. HSR is a subsidiary of Dallas-based Trammell Crow Co., the largest industrial developer in the United States by sq. footage.
Development really should finish by early 2024, the developer claimed in a information release. The charge of the development was not disclosed. The venture is currently being built without the need of tax incentives.
HSR acquired the home for an undisclosed value from UMB Financial institution, which owned the residence and operated a midcentury fashionable lender department there. For the duration of building, the lender will run from a non permanent setting up at 128 W. Washington, and when the project is concluded, UMB will move into the finished sophisticated as a ground-flooring retail tenant.
The last substantial apartment sophisticated to be crafted in downtown Kirkwood was Kirkwood Station, a blended-use undertaking across from the city’s educate station, with residences, eating places and a European-fashion plaza. The James will be found just one-3rd mile north of individuals web pages, concerning a gasoline station and the Alpine Store and south across Kirkwood Road from Global Sector. The walkable site close to downtown Kirkwood’s dining establishments and attractions was what attracted the developer to the task, said Josh Udelhofen, senior vice president with HSR’s Midwest place of work.
Study the total tale on the St. Louis Enterprise Journal’s website.