Thought we could kick-off a specific Fountain Park Neighborhood thread.

Does anyone know the story behind 22 lots sold for $39,000 in mid-August?
Here is one of the 22: https://dynamic.stlouis-mo.gov/citydata ... 3763050490

I may have a little information to lead you in the right direction. In the last few months I have been trying to gain as much information about the Fountain Park neighborhood as I can: past, present, and future. It's a wonderful neighborhood in what is possibly the best location of any north city neighborhood. A short walk to all that the CWE has to offer, proximity to the major employers of Cortex and BJC, and beautiful (remaining) housing stock. It also is served well by transit since it borders Delmar and Kingshighway and is within walking distance of the CWE Metrolink station. All of this is to say that with just an inkling of investment, this neighborhood could boom like the grove has over the last several years (yes, perhaps not quite with the same magnitude for a variety of factors).

In the past couple years, the community in Fountain Park (residents and business owners alike) has begun creating a vision for the neighborhood. Spearheaded by Kevin Bryant of Kingsway Development, there are plans for rehabbing many of the existing vacant homes (with at least 4-5 that I can think of already underway...), rehabbing the Euclid School to become artist lofts, and infill throughout the neighborhood. Bryant is also trying to rebuild the business vibrancy of the stretch of Delmar in Fountain Park. Bryant seems ambitious and this appears to have momentum. I believe that Fountain Park will look radically different in ten years than it does today. They, and some of their partners (I have heard they are working with Park Central) have bought up a number of properties in the neighborhood and this appears to be a part of the effort.

You can find more about Kingsway Development's plan here. https://www.kozone.net/

Thanks! Also noticed this is very similar to the Jefferson Arms developer story from 2018.

https://www.stltoday.com/business/local ... cab88.html

SeattleNative wrote:I may have a little information to lead you in the right direction....

All great points about a neighborhood with a lot of appeal and promise.

In addition to everything you pointed out that it has going for it, last year Wash. U. added Fountain Park to its Live Where You Work forgivable loan program. Which helped FPSE/The Grove get some it’s early interest and investment.

addxb2 wrote: ↑

Oct 27, 2019

Thought we could kick-off a specific Fountain Park Neighborhood thread.

Does anyone know the story behind 22 lots sold for $39,000 in mid-August?
Here is one of the 22: https://dynamic.stlouis-mo.gov/citydata ... 3763050490

The recent buyer of the property in that listing is a non-profit company headed by Jim Dwyer, CWE resident, developer, chairman on the Central West End Association planning committee, and occasional development partner of Pete Rothschild.

IMO the most pressing need Fountain Park has is to fix up the historic retail buildings at NE corner of the park. No way they last another five years in their present condition.

The retail buildings have supposedly been stabilized. I know they don't look it, but that's the word. 

That is wonderful to hear

Stltoday - Rents are soaring in parts of St. Louis, driving out lower-income residents

Bryant is negotiating with a developer to build an apartment complex with more than 100 units in the nearby neighborhood of Fountain Park. The apartments will be small spaces, Bryant said, but the building itself will be “the coolest apartment in the area that you can afford,” with amenities such as a rooftop pool, an atrium and community work spaces.

https://www.stltoday.com/business/local ... 11866.html

Two-fam to single-fam conversion

quincunx wrote:Interesting bits regarding Fountain Park in this piece about airport privatization.

StlToday- Messenger: Key goal in airport privatization effort? Getting consultants paid millions in extra fees.

https://www.stltoday.com/news/local/col ... 1abd0.html

The last thing Fountain Park needs is someone trying to impede rehab efforts there.


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So close to the iconic building that needs to be saved.
$175k building permit application submitted for rehab of 4845 FOUNTAIN AV

https://missouri-metro.com/2020/11/08/b ... -promises/

New article I put up on Missouri Metro covering Kingsway Development's $84 million proposal and the impact on Fountain Park. Some great commentary from Alderman Boyd as well.

GoHarvOrGoHome wrote:

I think this at least 5x a week.


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Same. Taylor to Skinker south of Page seems like a good by low investment rn

Mods: Can we rename this thread to "Gentrification Alerts".... 

OnTheEdge wrote:Mods: Can we rename this thread to "Gentrification Alerts".... 

What if I buy a 2 fam but keep it a 2 fam?


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^Is that even allowed anymore?