Compare Listings

Magnolia Place construction stall?

It has been over five months since construction started on the highly visible condo project at 4101 Magnolia, but in that time it does not seem like much has been completed.In February, when construction first began, progress seemed to be pretty rapid with the property being demoed in a matter of weeks. Looking through the window openings it also appears that quite a bit of interior stud work has been completed. They even started putting windows in.

The trouble is, this rebuilding process has been restricted only to the far west wing of the building. For the rest of the project, they tore out the windows, opened the building up to the elements and then quit. Although the old windows weren’t going to win an awards for aesthetics, at least they protected the building from the weather and gave it some curb appeal.

On a quick drive-by this afternoon, there didn’t seem to be much activity on the site either. The development website has also remained untouched since it was originally put up last year. Hopefully, whatever issues have been holding the project up are soon remedied as this project is really important for the Shaw neighborhood. We’ll see what the rest of the Summer brings.

[nggallery id=98]

img

Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

Related posts

Rams proposal for Edward Jones Dome revealed

The Ram's proposal for the Edward Jones Dome in Downtown St. Louis has finally been revealed to the...

Continue reading
Matt Kastner
by Matt Kastner

St. Louis Zoo to buy Forest Park Hospital site

Think the St. Louis Zoo is too small and that it doesn't have enough parking? Apparently the Zoo...

Continue reading
Matt Kastner
by Matt Kastner

The Temtor Building transforming the Patch Neighborhood

The recent real estate development most people associate with the far-southern reaches of St....

Continue reading
Matt Kastner
by Matt Kastner

Join The Discussion