Developer to Break Ground on $4.1M Soulard Mixed-Use Development
Date Posted: July 6, 2018
Posted In: Projects,
From St. Louis Business Journal: A $4.1 million mixed-use development in Soulard is moving forward, with plans to break ground on the project in the next month or two.
The Land Clearance for Redevelopment Authority on Tuesday approved entering into a redevelopment agreement with 1001 Russell LLC (Simpson Closser) for the development of the mixed-use building at 1001-03 Russell Blvd.
Simpson Closser is led by President and CFO John Simpson Jr. and Charlie Closser, vice president and CEO.
The project will include construction of a three-story mixed-use building that will include 4,000 square feet of commercial space and 20 residential units, according to LCRA documents. Residential rents will range from $1,500 to $1,700 per month and the commercial units will have rents ranging from $1,500 to $2,450 per month.