Feb 6, 2017
The site was previously expected to include several uses, including office, retail and multifamily. But now, according to multiple sources, the city appears close to advancing a plan that includes mostly multifamily.
An out-of-town developer is expected to receive approval on the plan, which would call for approximately 300 units with some retail on the ground floor.
Clayton Mayor Harold Sanger said the city is still working with developers who responded to a request for proposal for that site and that no decisions have been finalized. In May 2016, the Business Journal had reported four proposals were submitted for the property.
At least one proposal, from ElmTree Funds’ Jim Koman for a mixed-use project, was rejected. A hotel has also been rumored to be a potential fit for the site.
The property, owned by the city of Clayton, has a 2016 appraised value of $3.14 million.
Koman, through a business entity called 8027 Forsyth Acquisitions LLC, which lists ElmTree Funds’ General Counsel Stephen Schott as its registered agent, owns adjacent property to the parking lot that could eventually make up part of any development site.
8027 Forsyth Acquisitions, according to St. Louis County records, owns 8027 Forsyth, 8023 Forsyth and 8019 Forsyth. Combined, those properties have a 2016 appraised value of approximately $2 million.
Any new multifamily units on the site of the current parking lot would add to several new projects expected to be completed in that area over the next 12 to 18 months.
CA Ventures and White Oak Realty Partners, two Illinois developers, are nearing completion on a $75 million, 250-unit apartment tower at 212 S. Meramec Ave. Two other projects, a $41 million plan from Opus Development at 25 N. Central Ave. and Covington Realty Partners’ $55 million Vanguard apartment project, will add another 340 units combined.
The multifamily segment has been a darling among commercial real estate investors and brokers for the last couple of years, driven by more consumers renting by choice and attractive cap rates.
According to Matt Bukhshtaber, executive vice president of investment property sales at CBRE (NYSE: CBG), roughly $600 million in multifamily assets were sold in 2016, a record for St. Louis and up from $485 million in 2015.
According to Yardi Matrix research, which predicts the demand for multifamily assets (from investors and consumers looking to live in such developments) to remain strong for as long as a decade, St. Louis is expected to see some 1,800 new units be completed in 2017.
Bukhshtaber said he believes the St. Louis market could support another 1,500 apartment units before the market is saturated.
Dec 27, 2016
GLADYS MANION REAL ESTATE WELCOMES NEW AGENT LAUREN BLANCHARD
Clayton, MO (December 21, 2016) – Gladys Manion, Inc. is proud to announce the newest member to its team, Lauren Blanchard.
Blanchard attended high school in St. Louis at Westminster, and after attending college out of state, returned to St. Louis in 2002, where she has built a life and career in real estate, and is happy to call St. Louis home. Blanchard’s strengths lie in her commitment, loyalty and determination in assisting her clients throughout the entire home buying and selling process.
Blanchard is constantly seeking continuing education and market knowledge, and focuses primarily on the Central Corridor and West County areas.
About Gladys Manion Real Estate
Gladys Manion Real Estate was founded in 1936 by the late Gladys Manion. Now led by her grandson, Stafford H. Manion, the boutique agency located in Clayton celebrates 80 years as the leader in luxury residential real estate in the St. Louis market.
Oct 19, 2016
With the vast number of amenities now being featured in homes, luxury home buyers are looking for that unique feature to set a home apart from all the rest. From wine tasting rooms and resort-like pools to indoor basketball courts and private gyms, here are the top 10 must-have amenities that luxury home buyers are searching for in a home.
1. High-Tech Everything (Security and lighting controls, as well as temperature adjustments)
2. Home Theaters and Entertainment Centers
3. Wine and Tasting Rooms
4. Private Gyms and Spas
5. Garages as Showrooms
6. Killer Views
7. Indoor-Outdoor living
8. Resort-Style Pools
9. Land and Privacy
10. Sports Courts
Led by third-generation owner Stafford Manion, Gladys Manion, Inc. is a boutique agency in Clayton specializing in luxury St. Louis real estate along the central corridor.
Oct 14, 2016
GLADYS MANION WELCOMES NEW AGENTS ELISABETH THOMPSON & MOLLY RICHARDSON
Gladys Manion, Inc. is pleased to welcome two new real estate agents to its team: Elisabeth Thompson and Molly Richardson. Thompson and Richardson will be working together as the Thompson Richardson Team.
Thompson joins Gladys Manion with having a successful career in the sales industry. She currently resides in the central corridor, but has a broad knowledge of the entire St. Louis region and is eager to use her knowledge in servicing her clients.
Along with Thompson, Richardson grew up and still resides in the central corridor. With her background in marketing and sales, Richardson’s communication and negotiating skills will be a huge asset in assisting with her real estate clients. Before her transition into real estate, Richardson sold advertising helping her clients market their products and grow their businesses through advertising.
Both Thompson and Richardson are life-long St. Louisans and will be great additions to the Gladys Manion team.
Gladys Manion Real Estate was founded in 1936 by the late Gladys Manion. Now led by her grandson, Stafford H. Manion, the boutique agency located in Clayton is celebrating their 80th anniversary as the leader in luxury residential real estate in the St. Louis market.
Feb 24, 2015
At Gladys Manion Real Estate, when we talk about selling homes with clients, professional staging comes up. Here’s some insight into the staging process.
Your home is attractive and suits your lifestyle. However, when buyers look at your home, they don’t want to see how it suits you. They want to see how it suits them. This is where professional staging enters the picture. Professional stagers understand the mindset of prospective buyers and are able to show homes in a neutral light. This neutrality allows the buyers to easily envision the property as their own.
Detaching from that overflowing china cabinet or zebra striped ottoman is necessary so that your home can be transformed into a place that’s easy to sell. It may be difficult to put your emotions aside; however, if home selling is one of your top priorities, allow the professionals to do their work.
Your treasured scrimshaw collection of ancient fossil walrus ivory speaks to you and is a precious reminder of your Alaskan Cruise. The trouble is, this collection speaks to the buyer as well, and distracts them from the primary purpose: seeing the house as their home.
Clutter is another distraction. Buyers may think that there’s not enough storage in your home to stash all of your belongings.
It can be easy to view this staging process is an insult to your style and taste. Don’t travel that road. Rather, see it as an opportunity to move on with your life, free to make your next promising choices.
Often times staging involves some of your furniture and possessions. It’s simply a matter of reallocating and rearranging that allows your home to shine in the eyes of the buyers. A third party professional brings objectivity to the task of “clearing the slate” and preparing your home for sale.
There’s no sugarcoating it: professional staging can be an inconvenience. The home that you know and love will be rearranged for the benefit of others. However, if selling your home quickly, for the maximum amount of money is important, then this inconvenience makes it all worthwhile.
Thinking of selling your St. Louis home? Gladys Manion can help with professional staging and other tasks so that you successfully reach your real estate goals. Call us at 314-721-4755 or send an email and we’ll happily provide our personal attention and professionalism every step of the way.
Nov 20, 2014
If you are serious about selling your St. Louis home, the team of real estate experts at Gladys Manion Real Estate is happy to work closely with you throughout the entire process. Part of this process is attractively showcasing your home to potential buyers in the right places, whether that be in the local newspaper, on a St. Louis real estate website, or on a mobile app.
With most everyone walking around these days with a mobile device in hand or pocket, the finding that 92% of home buyers researched homes for sale on the web is not all that surprising. Additionally, 50% of home buyers gathered information via a mobile app or a mobile website.
From these statistics, which were recently published in the 2014 Profile of Home Buyers and Sellers, a report compiled by the National Association of Realtors, it is clear that mobile advertising is a major component in the successful sale of a home.
As a home seller with Gladys Manion working for you, our effective, up-to-date real estate strategies that we use to effect a successful transaction are proven tactics upon which you can depend.
If you are interested in selling your home with Gladys Manion Real Estate, contact one of our brokers by phone at 314.721.4755, or send us a message using our contact form.
We look forward to helping you achieve your goals!
Oct 27, 2014
In February, Gladys Manion Real Estate reported on jumbo mortgages, and the news that their interest rates had reached a low unseen in the past two decades. A jumbo mortgage is an excellent home loan option, especially for anyone interested in buying luxury St. Louis real estate. Still, the jumbo mortgage is just one of many types of home loans available to homebuyers. Additional types include the popular 30-year fixed-rate mortgage, the 20-year fixed-rate mortgage, the 15-year fixed-rate mortgage, and the 5/1 adjustable-rate mortgage (ARM).
The go-to home loan for the majority of homebuyers is the 30-year fixed-rate mortgage. With this kind of mortgage, homebuyers have 30 years to pay off their loan, and over that time period, they will accrue interest at a fixed rate. With this type of home loan, homebuyers can be more flexible with their financial decisions knowing that their loan is free of interest rate fluctuations.
The 20-year and 15-year fixed-rate home loans are just like the 30-year fixed-rate mortgage, with the only difference being the loan duration. With a 20-year and a 15-year fixed-rate home loan, homebuyers will make higher monthly mortgage payments than with a 30-year loan. Though, with these higher payments comes the benefit of paying off the loan sooner.
Another type of home loan is the 5/1 adjustable-rate mortgage, or the 5/1 ARM. This type of mortgage has its benefits and potential disadvantages.
Homebuyers who choose the 5/1 ARM will see low monthly payments during the first 5 years of the loan. Once those 5 years are up, the home loan's interest rate is no longer fixed at a low percentage. It is then based on the prime rate, which can change every year. In addition, the interest rate for the 5/1 ARM can be subject to a 5% margin after the first 5 years. So, even if the prime rate is a certain number, the 5/1 ARM interest rate could be the prime rate plus 5 more percentage points, making for unpredictable interest accrual.
Whether to choose a fixed-rate or adjustable mortgage is entirely dependent upon the homebuyer's financial situation and future plans. Gladys Manion Real Estate is happy to provide you with reputable lenders to discuss mortgages with you to help you decide which type home loan is best for you.
Are you ready to become a homeowner in St. Louis? Are you ready to sell your St. Louis home?
The team at Gladys Manion Real Estate invites to find the home of your dreams. When you work with a Gladys Manion broker, we offer the added advantage of using our years of experience and deep knowledge of the St. Louis real estate market to help you buy or sell a home.
Gladys Manion is a name you can trust.
Contact Gladys Manion today to learn more about our real estate services. Reach us by phone at 314.721.4755, or submit our contact form.
We look forward to hearing from you.
Nov 12, 2013
New real estate listings from Gladys Manion Real Estate, the local expert in St. Louis residential real estate, comprise luxury homes in exclusive neighborhoods. Conveniently located near schools, services, restaurants, and shopping, these four new real estate listings from Gladys Manion reflect the ideal places in which to live. Each St. Louis home has its own unique and attractive design aesthetic with high quality finishes, spacious living quarters, gourmet kitchens, and more.
Nestled in a quiet and private cul-de-sac is a Creve Coeur home at 108 Wexler Manor priced at $1,149,000. Featuring traditional architecture, the five bedroom, six bathroom luxury home is 4,697 square feet situated on a one acre lot. With wood floors in the living room, dining room, and kitchen, built-in bookshelves, and a basement, the Wexler Manor home is perfectly appointed. The kitchen includes a center island, breakfast bar, breakfast room, granite counter tops, and custom made cabinets. The Wexler Manor home is near it all, including stores, hospitals, and major highways, and is located in the Parkway School District.
Adjacent to the picturesque and quiet Babler State Park, the St. Louis residence on 18720 Doctors Pass Lane in Wildwood is beautifully designed in the Cape Cod architectural style. This St. Louis home is perfect for someone looking to relocate to the St. Louis area, or to move west of downtown St. Louis. On the market for $969,000, the Doctors Pass Lane home sits on a lot that is just over an acre at 1.08, and includes four bedrooms, five full baths, one half bath and a recreation room in the basement. The home also has a wet bar, game room, theater room, sauna, and inground pool.
A spacious and luxurious St. Louis home located at 9 Pillsbury Place in Ladue is on the market for $1,575,000. 5,280 square feet on a 1.07 acre lot, the Pillsbury Place home has four bedrooms, three full baths, and two half baths. With traditional architecture, the home is appointed with beautiful coffered ceilings and high quality finishes. The kitchen has a breakfast bar, breakfast room, center island, granite counters, sub zero refrigerators, and a walk-in pantry. The Pillsbury Place home is located in the Ladue School District, and is close to shopping and fine dining in Clayton and Ladue.
A luxury family residence in Frontenac at 10420 Litzsinger Road is currently on the market for $1,895,000. Also part of the Ladue School District, this 5,585 square foot home is situated on a one acre lot, and has six bedrooms, five full baths, and three half baths. There is also a 1,500 square foot freestanding carriage house for guests as part of this property. The Litzsinger Road home has a beautiful Great Room with a wood burning fireplace, and in the backyard, an inground pool and a pergola with a resort-like atmosphere. Situated in a gated neighborhood, the luxury St. Louis home lies adjacent to a picturesque and private forested area.
These four beautiful St. Louis homes exhibit the best of luxury living. For assistance with discovering the perfect St. Louis home, rely upon the team of St. Louis residential real estate experts at Gladys Manion. We invite you to explore St. Louis neighborhoods and our wide selection of luxury home listings. Contact Gladys Manion Real Estate at 314.721.4755.
Nov 1, 2013
With the numerous ups and downs the housing market has experienced this year, it is hard to gauge how the rest of 2013 is shaping up and where the next couple years will lead the U.S. housing market. In a recent U.S. economic and housing market outlook report, Freddie Mac gave some insights into what they are anticipating to see. To get an overview of these keypoints check out the article Freddie Mac: Slower Housing Market, Steady Rates Till 2014.
Oct 21, 2013
So the Government is shutdown, now what? This is a common question being asked by many hopeful home owners. If you plan on getting a mortgage backed by Fannie Mae or Freddie Mac, then your income must be verified with the IRS first. According to the article Shutdown could slow mortgage lending, this could possess major complications and cause serious delays when it comes to securing a mortgage.
Fortunately, Fannie Mae and Freddie Mac have given banks the green light to relax the rules regarding the approval of mortgages, as mentioned in the article Fannie, Freddie ease lending crunch during shutdown. All borrowers still need to have their income verified but lenders are allowed to utilize others avenues for verification or they are able to wait to verify income until the shutdown has ended. Even with the ease up on the mortgage lending rules, some banks may decide that lending without verification is too risky and will wait until the shutdown has concluded before finalizing any mortgages.