$24.7M Downtown West Apartment Project Moves Forward
Date Posted: October 2, 2018
Posted In: Projects,
From St. Louis Business Journal: A $24.7 million apartment project planned for Downtown West moved forward Tuesday with the city of St. Louis’ Land Clearance for Redevelopment Authority’s approval of two five-year tax abatements.
Matthew Masiel’s Screaming Eagle Development LLC has plans to renovate an existing commercial building, at 1815 Locust St., into an apartment building. The developer’s plans call for building 67 apartment units in the former tire warehouse.
Tire Mart Realty LLC currently owns the property, according to city records, which say that Screaming Eagle Development is acquiring the property for $3.2 million and that construction will cost $21.5 million. Masiel could not be reached for comment.