KMOV.com – A block of vacant and dilapidated buildings could soon be the latest apartment complex in the Grove.
Restoration St. Louis hopes to turn the 4200 block of Arco into a 95 unit apartment complex featuring studios up to three bedrooms.
“We’re most excited about what we can do to combine the historic nature of the neighborhood into the façade,” said Chris Caskey-Dougherty, Vice President of Development.
The Arbor on Arco will have the appearance of brownstones with a mansard roof. There will be a hidden parking garage in the building with 101 spots.
Restoration St. Louis has been redeveloping and renovating properties for more than a decade.
There are several new apartment complexes under construction in The Grove, including Restoration St. Louis’ own project on the 4400 block of Manchester that is set to be complete this April.
Caskey-Dougherty says The Grove is hot right now.
“This is a place people want to live, we want to supply them with great housing,” he said.
They are seeking tax abatement for the $18 million dollar project, either at 100 percent for eight years or 80 percent for 10 years.
The next step is getting the project in front of the park Central Development committee, but they believe they could start working as soon as May.