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1115 Tower Grove getting apartment conversion

This 2,944 square foot 4-family at 1115 Tower Grove has been boarded up for almost ten years. As you can see, it is a bit of an eyesore. Considering it’s prominent location just southeast of the intersection of Manchester Avenue and Tower Grove Avenues in the Grove Neighborhood (Forest Park Southeast) of St. Louis, this neglect has been pretty high-profile. Thankfully, the property is now undergoing full restoration.

The developer, Alley Grove LLC, is converting the current cramped 4-family layout to a more spacious 2-family orientation, with 2 bed and 1.5 bath in each unit. Guy Slay of Alley Grove LLC was recently awarded a Landmarks Association “2010 Most Enhanced Award” for the work he did restoring 4260 Manchester, so one would assume that 1115 Tower Grove is in good hands. Design and general contracting are being handled by Urban Improvement Construction (UIC), who are located nearby at 4301 McRee, at the intersection of McRee and Tower Grove.

Completion date and other details are unknown at this point, but expect updates as work progresses

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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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