Cornerstone Development is planning a $1,350,000 townhouse development on the parking lot at Alamo and St. Rita (6602 Alamo). The building will stand 3-stories tall and feature 4 units with space ranging in size from 3000sf to 3400sf. Floor plans show these as 2 bedroom units with a 2 car garage in the basement + a loft space (that could be another bedroom) and bonus space in the basement. Core10 Architects is the architect on the project. The Architectural Review Board will review the plans on December 21st.

I think it looks pretty good.





Here's a Map view of the general area.

I walked past that site the other day wondering. Nice to see. How do they build them for that price?
There's two plots on the either side of Seminary at San Bonita that could use something.

quincunx wrote: ↑

Dec 07, 2020

I walked past that site the other day wondering. Nice to see. How do they build them for that price?
There's two plots on the either side of Seminary at San Bonita that could use something.

My guess is that this would be wood framed construction, so that is cheaper right off the bat. But it does seem low. $337,500 for each unit's construction. 

Looking at the satellite image of the area, this little neighborhood area to the North of Clayton Road, East of Big Bend, South of the Seminary, and West of the WashU South Campus does not have many development sites left. Preferably, WashU would one day develop their parking lot there into a higher usage. 

~$100 per sf sounds unpossible. Is something not included in that number?

Looks very nice. 

A new townhome development is proposed for the corner of Alamo and St. Rita ave in the Hi-Point neighborhood. The lot is currently surface parking.

Marketing remarks: Alamo is Spanish for POPLAR (like the tree) and you'll be the most POPULAR person(s) in your circle living at Clayton's most chic and walkable location. It's been decades since a community of fee simple homes has been built in HiPoint-DeMun. These custom built row homes are transitional in their appeal and can be finished in a traditional or contemporary manner. Stunning brick exteriors with beautifully gabled roof lines. Attached 2 car garage. Oversized sky terraces overlooking the entire neighborhood. A cornucopia of opportunities just outside your front door with 3 municipal parks (Forest Park,Concordia and Oak Knoll) a stone's throw away and the Village of DeMun less than a half mile stroll/transport from your door. Well renowned developer is excited to work with you to create YOUR masterpiece. Lot reservations are available for a limited time only. The possibility of an elevator exists prior to construction being completed. Designed to capture a maximum of ambient natural light!

^Well, it'd be hard to argue with the location. And they look pretty decent.

Prices have been published...
6602 Alamo & 939 St. Rita: $1,199,000
931 & 935 St. Rita: $1,090,000

For a development that was previously said to cost $1,350,000 to build, this is a great return ($4,578,000 if all 4 townhomes sell for asking price). Listing link includes interior renderings
https://www.dielmannsothebysrealty.com/ ... n-mo-63105

Wowzers!

Some really good quality infill going up lately. 

The completed product...

^Nice! That really is a rather attractive little project.