Even though construction began a couple of weeks ago, a groundbreaking ceremony was held today for a six-story apartment building just off Union Boulevard.

The 82-unit building, scheduled for completion late next year, will be part of the Central West End City Apartments on Union just north of Forest Park in the DeBaliviere Place neighborhood. Combined, the four buildings will have 400 apartments. Included in the complex are the St. Louis Workout gym and new restaurants Kitchen Sink and 2Schae.

While the new building is under construction, renovations to the older buildings will include expansion of the swimming pool and a new community entrance, according to the owner, Village Green, of Farmington Hills, Mich.

Because it is a private company, Village Green does not disclose development or acquisition costs, a spokeswoman said.

Village Green has owned the Union Boulevard complex for a decade. The company first planned the new project before housing markets collapsed in 2008. Village Green officials have said residents of the new building's south-facing apartments will have views of Forest Park.

Union Labor Life Insurance Co., known as Ullico, provided the construction, renovation and permanent loan for the project. Ullico's chairman, Joe Hunt, and chief executive, Edward Smith, were among those who attended the groundbreaking today.

The ceremony included the flipping of a few shovelfuls of dirt piled on the walk outside Village Green's Westmoreland apartment building, at 245 Union. Construction is going on behind the building, where the new structure will rise on what had been a parking lot.

Tim Bryant covers commercial real estate, development and other business stories for the Post-Dispatch. He blogs at Building Blocks, the Post-Dispatch development blog.

See the original post here:
Apartment building going up near Forest Park

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December 17, 2013 at 11:56 am by Mr HomeBuilder
Category: Apartment Building Construction