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The 152-device apartment creating, known as The James, will have 7,000 square toes of retail place on the ground floor.
KIRKWOOD, Mo. — A 5-story condominium complex soon to be constructed in Kirkwood is the initially big-scale condominium project permitted in the city’s downtown historic district in two decades.
Higher Road Residential is preparing its initially multifamily venture in the St. Louis area on a 2.56-acre site at 416 N. Kirkwood Highway. The 152-device condominium constructing, referred to as The James, will have 7,000 sq. toes of retail area on the ground floor. HSR is a subsidiary of Dallas-primarily based Trammell Crow Co., the biggest commercial developer in the United States by square footage.
Building ought to end by early 2024, the developer claimed in a news release. The charge of the enhancement was not disclosed. The venture is being crafted devoid of tax incentives.
HSR acquired the home for an undisclosed rate from UMB Financial institution, which owned the home and operated a midcentury fashionable bank department there. All through design, the financial institution will function from a short-term developing at 128 W. Washington, and when the project is concluded, UMB will transfer into the concluded sophisticated as a ground-ground retail tenant.
The very last large condominium elaborate to be constructed in downtown Kirkwood was Kirkwood Station, a blended-use job across from the city’s teach station, with residences, restaurants and a European-fashion plaza. The James will be situated a single-3rd mile north of these websites, concerning a fuel station and the Alpine Shop and south throughout Kirkwood Road from International Sector. The walkable location in close proximity to downtown Kirkwood’s dining establishments and points of interest was what captivated the developer to the venture, claimed Josh Udelhofen, senior vice president with HSR’s Midwest office.
Browse the full tale on the St. Louis Small business Journal’s web site.
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