If you frequent the area around Tower Grove Park in the Tower Grove South Neighborhood of St. Louis, there is a good chance you have seen this property. With its prominent location at the SW corner of Arsenal and Bent, facing Tower Grove Park, its hard to miss. Especially since it was boarded up begging to be rehabbed for almost ten years. As the neighborhood has improved, this property became one of the biggest eyesores in an otherwise excellent area. Thankfully, that is in the process of changing.The property changed hands in May 2010 and new owner and developer, Rainier LLC, is currently in the middle of rehabbing the property. The 4,200 square foot building will be made into four 2-bed, 1 bath apartments when complete. Exterior work is nearing completion with the new windows, tuck-pointing, paint and doors all in place. The interior still has quite a ways to go, but the exterior improvements have already made the curb appeal leaps-and-bounds over where it was before.
I represented Rainier on this closing and have had the chance to see the inside the transformation process first hand. Although the outside was clearly in need of work, the state of the interior was even worse. It is totally uninhabitable. The amount of work needed is quite significant, but with a few tweaks in the layout, new systems and a lot of plaster-patch and drywall, the place will really look great. Hopefully be back with a look at the interior in the early fall. In the meantime, you can see before and after pictures of the exterior in the gallery below.