Driving through St. Louis City’s central corridor one will see construction cranes throughout the area as new buildings rise, bringing thousands of new apartments and condos to the city. Near the Forest Park – DeBaliviere Metrolink Station the Expo at Forest Park is nearing completion, bringing with it 287 market-rate luxury apartments. Just across DeBaliviere is The Hudson, another market rate apartment building which will house 155 units.
Near the Grand Metrolink Station Pier Property Groups is building 105 units at Steelcote Flats and 196 units with a Target store closer to Grand. Additional developments are occurring off of Kingshighway, Grand and Jefferson, near Chouteau. One of the primary things that all of these developments have in common is their location in walkable neighborhoods with easy access to public transit.
Despite the news of St. Louis’ population loss developers continue to state that they are filling the new buildings as fast as they are built. Demand is actually growing as excitement builds over the MLS Stadium, growth downtown and the NGA bringing new people into the city.
The St. Louis Development Corporation’s 2020 Vision plan outlines a “framework is intended to link other related economic development plans, thereby creating a unified approach to equitable economic growth in the city.”