New Workforce Housing Development Approved in St. Peters
Date Posted: March 10, 2026
Posted In: Projects,
From Mid Rivers Newsmagazine: St. Peters Mayor Len Pagano broke two tie votes to approve a new workforce housing development during the Feb. 26 Board of Aldermen meeting.
The Prime Company project was initially voted down by city leadership in October, due to concerns regarding a lack of green space, resident opposition to new apartments and proper placement. The 460 Brown Road location is situated north of Interstate 70 and had been zoned as a light industrial property, which required board approval for rezoning before a planned urban development (PUD) could be passed.
The Prime Company owner Brian Elsey presented new updates for the project; he said another 1.4 acres is currently under contract to add more green space to the southwest corner of the development. In addition, 12 units were removed, as were previous open-air corridor designs.
“We’re going to make sure that we hire all local contractors here that are licensed here in the city of St. Peters,” Elsey said. He added that the project will make use of federal and state tax credits to offer affordable units priced at $1,100 per month for a single-bedroom, $1,332 per month for a two-bedroom and $1,535 per month for a three-bedroom.
The development would include 168 multifamily units across nine-three-story buildings, drawing in an estimated $175,000 in annual property tax revenue for the city. Elsey said about a third of the St. Peters workforce makes less than $60,000 a year and would qualify to live in these apartments based on that income level.
Elsey said a traffic study concluded the development would add fewer than 100 trips to the area during peak travel times during rush hour.