Compare Listings

Commercial district forms in Tower Grove South. Or should I call it “Skinnytown?”

*NOTE – This article was originally written in October of 2006 for the newsletter.

The Tower Grove South neighborhood is an area in transition. Two years ago, a drive down Morganford Road between Arsenal & Chippewa, would take you through a corridor of boarded-up and run-down buildings. That same trip, today, will take you through an area of rehab projects and startup businesses.

These changes have happened, seemingly overnight, due in a large part to the influx of residential development projects in the area. Increasing population and housing values began to draw the attention of developers and business owners to the need for neighborhood business activity.

Enter the Tin Can Tavern & Grille at 3157 Morganford Road. The owners opened the bar’s doors in early 2005, with an adventurous spirit. Their gamble has paid off with better than anticipated business. This success has provided a new energy to the area, leading to a rash of new developments and businesses.

With the Vintage Haberdashery, Grove Furnishings and Stella Blues Bar recently setting up shop, the future looks bright. According to St. Louis mayor, Francis Slay, the area will also see an art gallery, day spa and another new restaurant in the near future.

There has been enough new business activity in recent years, that another positive movement has begun: the search for a nickname. Thus far, my favorite choice is “Skinnytown.” It really stands out to me. Time will tell if that sticks.

For investors, this movement offers a variety of investment opportunities. Whether you are looking for a location for your new business, for rental properties or rehab opportunities, the Tower Grove South neighborhood should be on your radar.

*UPDATE – In addition to the businesses listed above a new grocery store has popped up in the district along with a new restaurant called the Three Monkeys. There are a few other projects under construction, but their end-use has still not been revealed. Check back for updates.

img

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.

Related posts

St. Louis Microbreweries: Perennial Artisan Ales

With St. Louis' new love affair with microbreweries, it is nice to see the far south-side of the...

Continue reading
Matt Kastner
by Matt Kastner

St. Louis Microbreweries: Civil Life Brewing

Originally started in late-summer 2010, Civil Life Brewing Co. is now officially open for business...

Continue reading
Matt Kastner
by Matt Kastner

Climbing wall, gym and two restaurants coming to the Georgian

While much of the construction at the Georgian (formerly City Hospital) has been complete for...

Continue reading
Matt Kastner
by Matt Kastner

Join The Discussion