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McRee-Tower Grove intersection

While the controversial subdivision development in the eastern half of the Botanical Heights neighborhood (formerly McRee Town) has received more fanfare, the commercial corridor along Tower Grove has been quietly gaining momentum.

At McRee and Tower Grove, which is visible from Interstate 44, Hoffman Brothers Heating and Air Conditioning and Urban Improvement Construction (UIC) have each rehabbed a building on the corners of this intersection in the past few years. Earlier this year, UIC also began to work on the mixed-use building on the NE corner. In the past few months, this shell of a building has been completely rehabbed. The pics in the photo gallery below will give you an idea of what it looks like as the UIC offices.

There is no word on potential occupants at this point, but there are “For Lease” signs in the windows, so hopefully they will find somebody soon. With this project, the corner is really starting to have a good vibe, and one would hope this energy will continue to spread north and south along the commercial corridor on Tower Grove. With Forest Park Southeast (aka The Grove) continuing it’s rapid improvements directly to the north, and Shaw doing the same to the south,  such development in Botanical Heights could prove to be a great bridge between the areas. If only the residential sections between the new subdivison and Tower Grove would see more improvements, this neighborhood could really be something.

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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.

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2 thoughts on “McRee-Tower Grove intersection”

  • Brian S.

    September 22, 2009 at 2:11 pm

    They did a really nice job. It’s great to see rehab activity in this area – hopefully it will spread to Vandeventer as well. There’s a little strip of buildings on Vandeventer at Tower Grove that I really like, although one of the buildings – the center one – has been torn down.

    Reply
    • Matt Kastner

      September 22, 2009 at 4:23 pm

      I think the street is called Racecourse. I actually think the building that was wrecked down had caught fire. I like that section too though. I actually thought about buying the building on the far right for my office, but they just wanted too much for the condition it was in.

      Reply

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