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Benton Park projects

As a followup to my post about Koronaz, the proposed (but probably dead) bar/restaurant in Benton Park, I drove through the rest of the Benton Park neighborhood and took pictures of a few prominent rehab projects currently going on in the neighborhood. Anyone who has written off this area as dead is missing out on some great opportunities. Here are a few projects that i thought were noteworthy:

  • 1814 Sidney – You might have seen this project from Highway 55. I am told that this former mixed-use building next to Trueman’s Bar is a Red Brick condo project.
  • 1819 Lynch – I don’t know much about this mixed-use building at the corner of Lemp and Lynch. It appears to be a gut rehab. The loft project across the street has taken a long time to fill up so its great to see someone else taking on the location.
  • 2900 Indiana – This project, being developed by Kanich Development, appears to be nearing completion. No official word on this one at the moment, but the 12,000 sq ft building at the corner of Indiana and Pestalozzi seems a likely target for condos. I’ve always loved this building. It’s got a lot of character. I’m really curious to see if they use that too their advantage in the project or just go with basic interiors.
  • 2901 & 2907 McNair – The development on the corner building at 2901 McNair was finished in the early summer. The existing structure had some really unique features and the developers incorparting those features in their layouts nicely. Three of the four condos in the original project have sold. The developers have used the adjoining lot for a similarly styled infill project. It would great great if it were all brick, but the quality looks pretty good.

You can sift through all the photos below or scroll the slideshow to see the pics of this projects. Of course, these and the Koronaz are just some of the projects going on in the neighborhood currently. Benton Park is still alive and well.

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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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