FYI From our Blog.  http://www.shawhousing.org

Over the last few months real estate in Shaw has been especially busy.  Multiple rehabs have been sold within 30 days of listing and at over 95% to asking price.
In addition to the rehab sales, 4136-38 Flad has been approved by Cultural Resources and is currently being marketed on the MLS.  It is a 2200 sq. ft. 3/2.5 bath energy certified home located on two lots in the heart of the Shaw Neighborhood.  Developer, Jay Swoboda from EcoUrban homes, is excited about the opportunity and has seen some early interest.


4100 Detonty
The project at 4100 Detonty has financing in place and is days away from starting according to the developer, Courtney McCray.  This will be an affordable home priced in the $160s and will be about 2000 sq. ft 3/2.5.   Look for a dumpster on the site soon.  4100 is the burned out vacant building on the corner of Thurman and Detonty.  It’s renovation will be a positive sign for the drivers along hwy 44.


4012 Shenandoah
4012 Shenandoah (long vacant building) will be developed by Garcia Properties.  The building has a beautiful limestone facade.   Work is expected to start within 30 days.  The property is in the process of being transferred by LRA to the developer.  Plans have been approved and financing is in place.  Garcia properties recently developed 4059 Castleman  and completed the construction and sold the property within 5 months of starting.


4247-49 Russell
4247-49 Russell (another long vacant building)  will be developed by Dave Weitz and Joe Lengyl.  They will convert the 4 family building into two townhouse properties which will sell between $150-180000.  The units will be 2200 sq. ft and have 3 bedrooms/2.5 baths.

4048 Cleveland, Chad Murray from Frontier holdings, is renovating the building into 6 high end rental units.  The project will be completed in 3 months. I walked the space two weeks ago and the units will be beautiful.  They are large and have incredible historic details.  4048 Clevelnad is one of three buildings in a row on this block.  One has “Tower” above the front door.  The next has “Grove” and the last has “Park”.  Even the builders knew the importance of being close to the Park!

Will do.

I wanted to update the board about the level of investment activity in Shaw over the past 6 months. Our developers list has grown 2x and multiple developers are bidding on investment and rehab opportunities.

One developer mentioned he has told his investors they have about 5 years to buy up as much property in Shaw as possible. It was rumored that a four family on Botanical had 25 offers on it.

We are still seeing 2500 sq. ft shells rehabbed into 280,000-300,000 homes. Shells are priced well at 30,000-45,000.

Further, vacant and abandoned buildings are being sold or developed and the interest in Shaw from people in their 20's to 30's has never been greater. Rental rates for upgraded rehabs can get to .85-1 psf per month.

Our Housing Corp is starting to focus efforts on Shaw Blvd and I think once improvements are made (infrastructure upgrades, trees, Art (?)), more investment will follow.

If you look at the leadership in FPSE/Botanical Heights/Shaw I think our area is poised for additional growth which will eventually link all our neighborhoods to CWE and BJC.

The addition of City Garden and South City Prep will enhance our free education options. As long as we can keep crime levels down and continue to improve safety, I think our potential is limitless.

More good news from the Shaw Neighborhood

http://shawhousing.wordpress.com/2012/0 ... t-in-shaw/

New Construction and Rehabilitation Development Are Hot in Shaw

As you walk, bike and drive down our tree lined streets, please take notice of all the newly developed buildings in Shaw. Our neighborhood is blossoming and ranks as one of the most popular living destinations in the metro area.

The Shaw Neighborhood Housing Corporation http://www.shawhousing.org has facilitated these developments through tax abatement assistance, property acquisition and resale, connecting developers with opportunities, and educating developers on historic tax credit opportunities and market data information. In addition, SHNC helps promote and market the properties for resale. Thank you to all the developers who have taken risks and spent 100,000s of dollars on construction while creating 100s of jobs in Shaw.

4020 Castleman- Developer Grand Home Solutions http://www.grandhomesolutionsinc.com Scott and Christy Vogel have developed many houses in Shaw and also own Shaw rental property. They believe in Shaw and have constantly pushed for the top resale price per sq. ft. in the neighborhood. They demand high prices based on their attention to detail and beautiful finish products. They pay attention to historic features and provide buyers with typical amenities like large master suites, large closets, 2nd floor laundry, and large carports. The home at 4020 Castleman is priced at 245,000. 3 bedroom/2.5 bath

4063 Castleman- Developer Garcia Properties- http://www.gpstl.com/ Garcia Properties has also completed many properties in Shaw and always do a fantastic job. They are developers who start and finish the job in a timely manner and at an ultra high level. They recently sold 4012 Shenandoah for $296,000 and it was one of the first energy star rated homes built using an existing shell. They are in the final stages of completing this 3 bedroom/3.5 bath home. Pricing to be determined.

4136-38 Flad David and Amanda Baca with construction services from UIC design/construction http://www.uicstl.com The Baca’s will be moving from another street in the neighborhood to build a 2200 sq. ft bungalow style home on two vacant lots. The home will be energy efficient and add to the character of the street. Amanda and Dave are passionate about the home and the neighborhood. UIC is repsonsible for the City Garden School http://www.citygardenschool.org design and construction on Tower Grove Ave and for the renovations and new construction on 4200 Mcree in Botanical Heightswww.botanicalheightshomes.com. I look forward to the ground breaking.

4274-76 Flad Kyle Miller from Paramount Property Development for Kate and Andrew Toussaint Yes, another new construction home in Shaw! The foundation will be poured next week. This one will be slightly larger and a more traditional design which blends well with the other homes on the block. Andrew, Kate and Kyle have been very patient as this development opportunity has unfolded. Andrew and Kate love Shaw and are moving from the Washington DC area. They searched all over Shaw for quite some time before deciding to build a new home on Flad. Kyle Miller has an excellent track record for property development in Shaw and all around the City of St. Louis. He is responsible for the Magnolia condo project at Thurman and Magnolia.

4152 Shenandoah- Andrew Cummings flies a little under the radar but always creates a top notch product. He recently completed and sold a property on Cleveland and just finished the Botanical property. 4152 Botanical is simply gorgeous. It has hard wood floors, tall ceilings, open kitchen and dining room, master bedroom and master bath. The home has great closet space and a large second floor laundry room. Each project he does gets a little better than the previous. The home is around 2800-3000 sq. ft. It should be on the market shortly. Craig Sheilds from Resitect,www.resitect.com/, provided all the Tax Credit consulting and is a great resource for working with this incredible incentive program.

4006 Shenandoah- Samir Niksik from FoCa Construction will handle the development of this large and beautiful shell. He was recently approved by the city to purchase the property and complete the renovation. Samir is already working on three other renovations in Shaw. From the looks of previous projects, Samir will add another beautiful home to an already fantastic block. It is about 2200 sq. ft and will likely be a 3 bedroom 2.5 bath home. Walking distance to Tower Grove Park and Thurman Grill make this a highly desirable location. Samir believes the home will be constructed within 4-6 months.

4217 Russell- Novus Development with construction services provided by Grand Home Solutions will develop this long vacant home into an attractive, attached single family residence. I reviewed the plans and the developer/designer have included it all! The master bath has a soaking tub along with a stand up shower. They will have top of the line finishes and expect the construction to take 4 months. Thanks to the neighbors for their patience as SNHC, St. Louis City Development, and the developers worked to make this renovation a reality. The developers are set to close within a week and construction will start soon after.

4008 Castleman Hank Hart Hank and I have worked on this project since August of 2010. At the time, Hank had never stepped foot inside the building, although he owned it along with multiple other properties in the City of Saint Louis. He received the property through foreclosure proceedings related to the DHP bank/mortgage fraud case. We met at the property and as we walked through the front door, we were surprised to see a completely gutted, partially framed interior. It was just waiting for someone with a little time, creative thinking and money to finish it. The building is massive. It is almost 3600 sq. ft on three levels. It is also located a few doors down from the Blue Ribbon award winning school, St. Margaret’s on Scotland http://www.smos-school.org/. According to Craig Shields, the building has been approved for the tax credits and a building permit is being reviewed. The start date is any day!

Other upcoming developments are 4052 Botanical, 3951 Cleveland, 3825 Cleveland, 4218 Shenandoah, 4014 Russell and the Cleveland Arms (12 800 sq. ft fully renovated condos starting at 99,000).

As you can see from all the activity, the neighborhood continues to grow through responsible developers and beautiful renovations which only complement the surrounding homes and businesses.

Thanks to Alderman Conway for his support and guidance on many of these development projects.

Anyone want a nice place in lindenwood park... so I can move to shaw?

I've been dying to move to shaw but with the market the way it is, we're stuck till prices start moving up

Someday I'll be within walking distance of the garden and my favorite park in the city! Save me a spot!

Me and the Mrs. recently moved into the 3600 block of Russell and are rehabbing our home bit by bit. The more rehab and upkeep for the neighborhood the better as it's a great section of town.

Does City Garden Montessori share space w/ an existing church? I'm curious if their current space will be vacant when they move to Botanical Heights.

4274-76 Flad can't begin construction until approval is received to combine the two lots. When's the hearing? How does everyone feel about the combining of city lots?

stlgasm wrote:Thanks for the updates! Does anyone know what's up with the vacant apartment building at the corner of Lafayette & 39th Street? Here it is: https://maps.google.com/maps?q=shaw+%26 ... bF0nrPEvDg

It seems like a prime candidate for rehab, but it's been abandoned for at least several years.

I wasn't able to find any news about rehab, but I did find more (not terribly useful but interesting) info on the property itself:

According to Geo St. Louis, that building is owned by an individual named Sun Min Choe from Mission Viejo, CA. He's owned it since 10/03/2007. It was "Condemned for Occupancy; Can't Demolish" a few months after he bought it.

Here's some info from the Tiffany Neighborhood Nomination of Historic Places Inventory from 1982:

3867 Lafayette (1650 39th Street) (City Block 5437) At the southwest corner of the District is a three-story apartment building designed by owner/architect Lawrence Ewald, FAIA. It was built in 1913 for $20,000. (Photo #23) Broad relieving arches at the first and second stories link windows of the sun rooms on the projecting bays. A stringcourse between the second and third stories wraps the front and side elevations of varicolored, textured face brick. Above the entrances on Lafayette and 39th, roundheaded French doors are tucked under false shed roofs with exposed rafter ends.

There's a picture of the property as it looked at the time on page 85 of the nomination, if any are interested.

-RBB

I know that this was a bit of a "problem property" before it was vacated. I had some friends living in Botanical Heights and the neighborhood association encouraged residents to call in on the criminal behavior that seemed to be prevalent on the corner. This may have let to the property being "condemned for occupancy".

I did notice that the owner is delinquent on taxes, as they missed their 2010 and 2011 payments.

Nice report on development in Shaw

The Tower Grove Neighborhoods CDC announced plans to build five new homes on city-owned lots - one in Shaw, four in Tower Grove South:

http://towergrovecdc.org/tgncdc-awarded ... new-homes/

Rubicon does awesome work. Jerry is a great guy.

4112 Castleman

4112 Castleman building permit just issued and the lot staked.  Three other single-fam infills in Shaw are further along. Not many vacant lots left in the neighborhood (not including side lots) .... my guesstimate is under a dozen overall and just a few with strong multi-fam potential. 

$250k building permit issued for rehab of 4230 Castleman

I love that! I just noticed the garden across the street when I looked at GMaps. Didn't know that was happening, but I hope other areas along highways can be utilized like that.

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$1.5M zoning-only building permit application submitted to convert 4242-46 Shaw into 20 apartments. Are Shaw NIMBYs as powerful as TGS NIMBYs?