St. Louis – Area Community Opens Doors
Date Posted: March 11, 2019
Posted In: Projects,
From Multi-Housing News: ZM Management has completed the final phase of the Villages at Lake Silvercote, a 381-unit development in the outer suburbs of St. Louis, according to Yardi Matrix. The developer financed the project, which broke ground in early 2013, with a $10 million construction loan from Great Southern Bank and a $11 million Fannie Mae mortgage originated by Hunt Real Estate Capital.
Located at 100 Dry Brook Road in Wentzville, Mo., the garden-style community’s 33 buildings are situated on approximately 37 acres alongside U.S. Highway 61, roughly 40 miles northwest of downtown St. Louis. The asset is a stone’s throw from a General Motors assembly plant, and within 3 miles of the Wentzville Parkway retail corridor, just north of Interstate 70.