Real Estate

It would be a marked change for the prominent and iconic hotel site between the Gateway Arch grounds and Busch Stadium, which has sat vacant since 2014.

St. Louis ranked in the top 15 U.S. metros with the highest increase in home prices from December 2023 to 2024, according to Redfin.

Following a slow year in the housing market, experts expect first-time Missouri homebuyers to have better prospects in 2025.

The development by AHM Group aims to transform 12 acres north of CityPark into more than 450 apartment units and tens of thousands of square feet of offices and retail.

The 28-story, 780-room hotel closed in 2014. The foundation plans to work with the city, Greater St. Louis Inc. and the St. Louis Development Corporation on a plan to redevelop the site.

The Wainwright Building in downtown St. Louis was sold last week to Arch to Park Equity Fund LLC for an $8.25 million bid, according to a government auction website. The Missouri Board of Public Buildings approved the sale of the 234,600-square-foot building on July 2.

The small district tucked directly north of the Gateway Arch National Park has quietly undergone a massive redevelopment in the past half-dozen years.

Last month, the Land Clearance for Redevelopment Authority Board first brought up the possibility of a blighting study and redevelopment plan, but the board voted to table that item as the draft of the study wasn’t complete.

As state and federal lawmakers propose measures to curb how firms like VineBrook operate, tenants continue to grapple with poor maintenance and customer service.

The university said it sees the transaction as a way to preserve and support the vitality of the Loop and also to secure space for a few administrative offices close to the university’s main campus.