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Two new developments on 2500 block of S Jefferson

Looks like a busy week for the 2500 block of South Jefferson.  Word is going around about two new commercial ventures on the block known for housing Trader Bob’s Tattoo Shop and The Way Out Club, among others. These developments are at 2501 and 2533 S Jefferson, which happen to be at the north and south boundaries of  this block in the Fox Park neighborhood of Saint Louis.

The building at 2533 S Jefferson is the long-vacant three-story mix-use structure, which formerly housed the 3-D Apparel store, at the corner of Sidney and Jefferson. A sign went up on the building earlier this week that says “Coming Soon – Internet Cafe and Copy Center.” Nobody I have spoken with at the City or with the Neighborhood seems to know anything about this project, but I saw people cleaning the commercial unit out this week so something is clearly going on. The big question is whether this is place is going to be opening sans food or if it is going to be a legit cafe.

On the northern end of the block, the building at 2501 S Jefferson is slated to be converted into an art gallery and frame shop. Unlike 2533, this building doesn’t really have much of a street presence at this point, so it seems likely that the building will see a fair amount of rehab. The owners are already working with local officials on getting the business up and running so this one seems to be a bit further along.

With these to additions to the the 2500 block of Jefferson, the western side of the block will be nearly fully occupied. And the area could certainly use a bit more foot traffic. If only the lower-level of the Jefferson Underground could find tenant, and someone would do something with the old boarded up Burger King, the block could really be something. One step at a time I guess. Check out the pictures of the buildings below for a refresher on the buildings in question.

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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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