From the Business Journal:
14-home development slotted for Lafayette Square
https://www.bizjournals.com/stlouis/new ... s_headline
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14-home development slotted for Lafayette Square
https://www.bizjournals.com/stlouis/new ... s_headline
The redevelopment of the former Praxair site in Lafayette Square is moving forward with plans for a 14-home development. Universatile Development is the developer behind Lafayette Reserve, which will have 14 single-family homes ranging in size from 2,100 square feet to 2,500 square feet. All will feature detached, two-car garages and backyards or gardens. Prices will range from $500,000 to more than $700,000. Construction is slated to start later this year. The first few homes could be delivered this summer; the entire project is expected to wrap up in late 2021. The total investment cost is about $8 million, said Jeff Winzerling, president of Universatile Development.
“Lafayette Square has been booming in recent years, and there’s no question that the historic architecture is what gives the neighborhood its unique appeal," Winzerling said in a statement. "But not everyone wants to live in a 130-year-old house." Winzerling said the neighborhood has seen "steady development" of high-end homes and said the 2018 sale of 1212 Dolman for nearly $1.6 million shows market demand. Lafayette Reserve is the first project slated for Chouteau Avenue Partners' master planned, redevelopment of the former Praxair site, a 12-acre block of land along Chouteau and Jefferson avenues. (Praxair, an industrial gas company, moved its operations from the site following a massive fire in 2005.) Behind Chouteau Avenue Partners LLC is HOK architect Bill Odell and his wife, attorney Lisette Odell; Paul and Wendy Hamilton of Hamilton Hospitality, owners of nearby Vin de Set and other restaurants; and Tom Graddy, owner of the former Vanguard Trucking facility on the site. The total development was estimated to cost $160 million. “What Jeff and his team have put together for Lafayette Reserve will be the perfect bridge between the historic neighborhood and the higher-density, mixed-use district we’re creating along Chouteau," Odell said in a statement.









