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Green rehab at 3500 Illinois progresses

Green rehab at 3500 Illinois progresses

Last December I featured a story about a large former LRA shell at 3500 Illinois getting a thumbs up on a complete green rehab. I finally got a chance to take a look at the progress at the project site, and I am happy to say the Marine Villa property has really come a long way in the last five months. In fact, from what I am told by Tiger Lily Development, the project should be finished by mid-May.

At this point, the geothermal system is in place along with almost all the exterior work and interior work up to the drywall. They were actually installing the hardwood floors while I was there so one would think they will be onto kitchen and bath work by next week. The change is really miraculous considering that the roof was half missing and the place was nearly caving in less than six months ago.

When completed, the building with hold an Energy Star designation for the green systems. It will also receive credentials from a new green program call Builders Challenge, which will actually be a first for the St. Louis area. So not only is this rehab really going to help the aesthetics of the block, its going to do it with minimum impact to the environment.

I took a bunch of pictures of the construction progress. You can see them below. I’ll come back with final pictures when the project is complete in May.

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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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