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.
May 30, 2014
St. Louis is an attractive location for entrepreneurs seeking to develop their businesses, especially with the city's efforts to support start ups through the Arch Grants. In addition to supporting entrepreneurs, St. Louis is an ideal place to grow a business because those looking to make the move to the city can easily find affordable real estate in both commercial and residential sectors.
As a boutique St. Louis real estate firm that has been involved in the local market since 1936, Gladys Manion Real Estate is pleased that so many start ups are finding a home in St. Louis's welcoming business environment. The team at Gladys Manion has years of experience in assisting individuals and families relocate to the St. Louis area through our superior residential real estate services.
Browse Gladys Manion's St. Louis properties. Find affordable homes and condos in Rock Hill, University City, and the Central West End, and luxury residences in Webster Groves, Creve Coeur, and Warson Woods. No matter your price point, Gladys Manion is happy to assist you in locating and securing a home that matches your needs.
Along with affordable real estate, St. Louis has plenty to offer entrepreneurs and their families in terms of restaurants, museums, sports leagues, festivals, and music venues. It may not come as a surprise that in a recent survey of the most exciting Missouri cities, St. Louis took the number one spot, with Clayton making the list at number eight.
Learn more about what St. Louis has to offer in our Discover St. Louis section, which highlights the Saint Louis Symphony Orchestra, City Museum, St. Louis Cardinals, the Gateway Arch, and more.
For additional information on St. Louis residential real estate, contact Gladys Manion Real Estate by email, or by phone at 314.721.4755. We look forward to discussing your dream home with you!
Nov 26, 2013
Of course Saint Louis natives already know how great our city is but word is getting out. Not only is Saint Louis an amazing city to live and work in but it's also a wonderful place to visit and retire! In a recent article, Livability.com ranked Saint Louis #2 on their top ten list of places to retire! Click here to find out who else made the top 10 and why Saint Louis got the #2 spot.
Oct 13, 2013
Living in St. Louis is a truly rewarding experience, and the team of St. Louis residential real estate experts at Gladys Manion Real Estate can attest to this as members of the St. Louis community. With its many family-friendly and charming neighborhoods, among them Webster Groves, St. Louis is an ideal city for establishing roots in a luxury home. In addition to the tight-knit neighborhoods and beautiful homes, St. Louis also has a lively and fun events calendar.
The following is a snapshot of St. Louis events for October and November.
A new exhibition will be opening next week at the World Chess Hall of Fame called A Queen Within: Adorned Archetypes, Fashion and Class. The exhibition runs from October 19, 2013 – April 18, 2014. A fashion exhibit, A Queen Within explores the symbolic meaning of a queen in chess and in the world beyond the game. The exhibit will showcase the work of renowned fashion designers such as Alexander McQueen, Gucci, Jean Paul Gaultier, and many more.
Hosted by St. Louis Magazine, the Generation Now Launch Party will be held on Wednesday, October 23, 2013 from 7:00 pm – 10:00 pm at the Contemporary Art Museum St. Louis. The Launch Party is a celebration of the up-and-comers in St. Louis, the innovative entrepreneurs, imaginative artists and designers, and outstanding young leaders devoted to building a strong community. Enjoy a spread provided by Three Sixty, The Restaurant, Basso, and POPotions!, and live musical entertainment at this night of networking and connection. Tickets for the event are $25.
This year marks the eighth annual CUREiosity party for a cure event on November 1, 2013 from 7:00 pm – 9:30 pm with an after party running until 1:00 am. Proceeds for the CUREiosity party go to the Siteman Cancer Center and their many research initiatives. The event recognizes the “Rock Docs”, those St. Louis doctors and researchers whose work is dedicated to finding a cure. At this charitable event, party-goers can enjoy a DJ performance and cirque acts. Tickets for this year's CUREiosity party are $125. The CUREiosity party will be held at the Lumen Private Event Space in downtown St. Louis.
Another benefit, the Ollie Hinkle I Love Food & Wine Festival will be held on November 3, 2013 from 2:00 pm – 5:00 pm at The Cheshire. Proceeds benefit The Children's Heart Foundation, a non profit that funds congenital heart defect research. Meet other members of the community who are interested in supporting children's heart research, and enjoy food from Annie Gunn's, The Restaurant, Niche, Sidney Street Cafe, and more, with beverages provided by Perennial Artisan Ales, Civil Life, and Four Hands. Tickets for the Ollie Hinkle I Love Food & Wine Festival are $125.
Whether you and your family already live in St. Louis, or are considering a move, this events calendar is a clear indication that there is a lot to do in St. Louis, especially in regards to philanthropic engagements.
The premier St. Louis agency for fine homes, Gladys Manion invites you and your family to explore St. Louis neighborhoods and our luxury home listings. For more information about St. Louis residential real estate, contact Gladys Manion Real Estate at 314.721.4755.