Development in The Grove (St. Louis City’s Forest Park Southeast neighborhood) continues its fine-grained progress. The larger the project, the more attention it generally attracts, but neighborhoods, and cities, are built by slower, methodical investment. This is what makes plans for 1041-43 and 1045 S. Taylor Avenue, just south of Gibson Avenue, important.
Developer Harinder Singh is requesting tax abatement be granted to two adjacent projects. The first, at 1041-43 S. Taylor would convert a 1907 four-family flat into two townhomes with a newly constructed garage behind. The units will be approximately 2,000 sf each. City records show the four-family building was purchased in December 2015 for $100,000.
Singh is also proposing new construction single family infill on the vacant lot immediately to the south at 1045 S. Taylor. Total investment for the two projects is estimated at $685,000 and is planned for summer 2016 occupancy. Killeen Studio Architects, well known for its residential infill in the city’s Benton Park area, and elsewhere, designed the residences.
The current real estate tax paid for 1041-43 S. Taylor is listed as $1,407.83. Annual real estate tax on the vacant lot is just $49.33. Estimated real estate tax estimates after project completion are $4,400 and $2,100 respectively.