Proposal Would Add 800 Apartment Units to Richmond Heights By 2022

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Manhassett Village_Brentwood

From 40 South News:

The owners of the land near McCutcheon and Eager roads, where Manhassett Village apartments once stood, are planning to build a new Manhassett Village, to be completed in four phases between 2015 to 2022.

Phases 1 and 2 are be completed by 2016, and would total 321 units. Phase 3 consists of 240 units to be completed in 2019. Phase 1 is estimated to cost $50 million.

Phase 4 is planned to be an approximately 240-unit, 12-story building, estimated to be completed in 2022. These would be considered high-end. Project details are at Richmond Heights City Hall.

Draper & Kramer requested 100 percent tax abatement for the first 10 years from each phase’s completion and 50 percent for the next 15.

Images via 40 South News.

Manhassett Village_Brentwood2

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  • John R

    The Post-Displeasure is reporting the AFL-CIO is investing bigtime in this project for the first phase… $42 million. Too bad it wasn’t utilized for a more transformative project downtown where I think the need is greater for financing, but it is a great fund.

  • Randy

    This site has a similar relationship to I-64 compared to Aventura in FPSE. However, the design is much better, but there is basically no public transit here and there’s nowhere to which you could walk.

    Why is this post not on the main page?

    • Alex Ihnen

      This is a cross-post from the St. Louis Neighborhood Development Blog. The updates appear in the slider on the front page – far right column. They’re meant to just be quick updates. The page for these updates can be found here: https://nextstl.com/category/devticker/