St. Louis has a rich history, beautiful real estate and architecture from the turn of the 20th century that is second to none. It’s a great place to invest for local, out of state and international investors.
St. Louis is also in the midst of one of the largest periods of growth in terms of new construction and renovation in its history.
$1.232B worth of building permits were issued by the city of St. Louis in 2018. This beats the previous high in recent memory of an inflation-adjusted $1.113B in 2006. 117 permits were over $1M totaling just over $1B.1
More than $7.9 billion in projects from the Gateway Arch to Washington University recently completed or underway. Those projects include more than $300 million at Washington University’s Danforth Campus, $500 million in Forest Park Southeast and the Central West End, $1 billion at Saint Louis University and $1.3 billion at Cortex and the surrounding neighborhood. Downtown projects include the $380 million Gateway Arch renovation, which was completed in July.
Also downtown, the $260 million Ballpark Village Phase II, the $45 million St. Louis Aquarium at Union Station and the $100 million Jefferson Arms renovation.4
We aren’t the only ones that think it’s a great time to invest in St. Louis. Here’s what other people are saying:
1 Data from nextstl.com January 1, 2019
2 According to BusinessInsider.com
3 From the St. Louis Business Journal
4 Via the Riverfronttimes.com
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