By. Chris Stritzel
After knowing about this project since since February, nothing beats seeing what will happen here than seeing a rendering. The old remaining large city hospital buildings will be restored into 74 luxury market rate apartments. Behind the project is the Pearl Companies of Indianapolis. That company is also working on the Hibernia project in Dogtown.
The company purchased the buildings back around Valentines Day of this year according to Jeff T and have since tapped Trivers to be the Architecture firm to lead the design process of the project. "There are two buildings" he said, "Both are quite large. These structures will be divided into Buildings A and B during the construction process but will remain one building to residents. They will be completed at the same time". Due to extensive damage to the Southern facade of the main building, they opted to make it more modern by adding in glass, a nice modern twist for a historic structure.
Jeff expects it to become one more piece to the puzzle in restoring the historic City Hospital Complex. However, there still are two remaining buildings on the site that have no plans available yet. These two are a single floor structure and a 3 floor strucure. The 3 floor structure sets up well for apartments while the single floor one sets up nicely for a restaurant. The Pearl Companies have plans for those buildings as well. Those will be restored at the same time as the other two.
The Pearl Companies hope to begin on this project in the early summer of this year and wrap up around July 2019. This will be their second project in St. Louis and will bring their total amount of money invested into the City up to $40.5 Million and, when all is said and done, an additional 175 apartments into the St. Louis Real Estate Market. This complex will include Gated and Secured Parking, a business center, commons areas, studio, 1 and 2 bedroom apartments, a fitness center and pet wash among other things like a rooftop deck.
Pricing for the units is as follows...
1. 4 Studio Units at $985 per month
2. 63 One Bedroom Units at $1100-$1300 per month
3. 7 Two Bedroom Units at $1600 per month.
This Story was updated on Friday, May 18th, 2018 to include a rendering, updated timeline and more information.