Indianapolis Developer Plans 345-Unit Apartment Complex in Chesterfield
Date Posted: June 21, 2016
Posted In: Projects,
From St. Louis Post-Dispatch: A three-building, 345-unit apartment complex is being proposed on 13 acres west of the Chesterfield Mall and south of Central Park, at 16300 Lydia Hill Drive.
The project’s cost is still unknown. Justin Wyse, senior planner with the city of Chesterfield, said Watermark Residential, an apartment developer from Indianapolis, has the property under contract. Sachs Properties would be the seller. According to St. Louis County records, the property has an appraised value of $280,000.
Watermark owns and operates eight apartment complexes in Texas, Oklahoma, Indiana and Iowa with three additional projects in progress in Arkansas. The company typically uses Terre Haute, Indiana-based Thompson Thrift Construction as its general contractor.
Sara Lindsey, vice president of marketing for Watermark, did not respond to requests for comment.
Other features of the project include outdoor and underground parking, a fitness center and a swimming pool.