Apartment Advisors of America

02/11/2025

Apartment Advisors of America is pleased to announce Fairview Manor, a 16 unit apartment building is now under contract! Please contact Michael Zangara if you are looking to buy, sell or for general market information. You can find us at www.apartmentadvisorsofamerica.com

02/07/2024

Apartment Advisors is pleased to announce their latest listing known as Forest Grove Apartments. Please contact Michael Zangara for additional information or if you would like to set up a showing.

05/25/2022

“ST. LOUIS — City development officials are eyeing the use of eminent domain in order to jump-start redevelopment of the massive Railway Exchange building downtown, the former home of Famous-Barr’s flagship store.

The St. Louis Land Clearance for Redevelopment Authority is considering a measure authorizing the use of eminent domain on both the unoccupied Railway Exchange building at 615 Olive Street and the parking garage connected to the building via a skybridge across Olive Street.

Plans by a group of Florida developers to convert the 1913 structure into hundreds of apartments have stalled for more than four years, mired for the last several in litigation between creditors who have tried to foreclose on the building that takes up an entire city block downtown.”

Redevelopment plans for the Railway Exchange building have stalled for years because of litigation, but the city could wipe the slate clean.

04/24/2022

“With construction starting on the Crestwood mall mixed-use redevelopment, officials said they believe the project will spur even more development activity along the busy Watson Road corridor in south St. Louis County.

Crews have been working for about a month on grading the land at the former site of the 1-million-square-foot mall at 1 Crestwood Plaza, which was demolished in 2017 after closing in 2013. The official groundbreaking for the redevelopment was held Tuesday.” St. Louis Business Journal

03/19/2022

“The Clayton-based developer behind Steelcote Square, Woodward Lofts, and the Flats at Dorsett Ridge is planning to add 5 floors to the current Reliance Automotive building at 490 North Kingshighway. The proposed addition will include 120 high-end apartment units while the existing 2-story building would be turned into the development's parking facility. The present-day roof of the current structure will include a pool deck. The new addition will be a "L" shape and will expand the 2-story portion on McPherson.” CityScene STL

The 2-story brick building at the southeast corner of the Kingshighway and McPherson could have a new look if plans by Pier Property Group are approved by the city. The Clayton-based developer behind Steelcote Square, Woodward Lofts, and the Flats at Dorsett Ridge is planning to add 5 floors to the....

03/10/2022

“If plans move forward, the days are numbered for the building that once housed Mike Shannon's restaurant at 620 Market Street.” CityScene STL

If plans move forward, the days are numbered for the building that once housed Mike Shannon's restaurant at 620 Market Street. The Garrison and MW Companies, a development firm based in Kansas City and behind the proposed 41Lindell development in the Central West End, is eyeing a plan that would tea...

03/08/2022

“Planned is a 25-story mixed-use tower with 180 hotel rooms, 75 condos, and 400 parking spaces in a 5-story parking podium. A ground floor restaurant, bar, and retail space will be included as well as a 300 person event space, and rooftop terrace and bar, offering views of Clayton and the St. Louis region to visitors and residents. Green Street will be partnering up with Midas on this $100 Million project. A hotel brand has was not announced in the press release.” CityScene STL

Several weeks after news broke that Green Street acquired the World News site in Clayton, we now have a look at what they're planning there. Planned is a 25-story mixed-use tower with 180 hotel rooms, 75 condos, and 400 parking spaces in a 5-story parking podium. A ground floor restaurant, bar, and....

02/20/2022

“An $8M building permit application has been submitted for multi-family conversion of 2528 Texas at Sidney in the Fox Park neighborhood. Blackline Design+Construction has the building under contract and plans to convert it into 78 apartments. They are seeking historic tax credits.” NextSTL

An $8M building permit application has been submitted for multi-family conversion of 2528 Texas at Sidney in the Fox Park neighborhood. Blackline has the building under contract and plans to convert it into 78 apartments. They are seeking historic tax credits. The building is in the Koken Barbers Su...

02/03/2022

“The six-story building at 700 Market St. leased by natural gas utility Spire Inc. was sold by owner Koman Group to a venture between New York-based Arch Street Capital Advisors and Phoenix-based Orion Office REIT Inc. (NYSE: ONL). The price was $30.5 million, according to Cushman & Wakefield. Koman Group merged in 2019 with Keeley Development Group.” St. Louis Business Journal

The deal, the latest in a string of transactions involving downtown St. Louis office buildings, is part of the buyers' strategy to target buildings with only one tenant.

01/28/2022

“Dierbergs Markets and McBride Homes closed Wednesday on the purchase of the former Crestwood Plaza mall site in south St. Louis County.
The city of Crestwood in November rezoned the 46-acre site at 1 Crestwood Plaza for the mixed-use Crestwood Crossing development. Dierbergs and McBride separately purchased halves of the property, at Watson and Sappington roads, but will develop the site together, a McBride spokeswoman said. Financial terms of the deals were not disclosed.” KSDK News

Part of the property will be turned into a new subdivision with 81 homes.

10/28/2021

“Pier Property Group, the developer behind the redevelopment of the Steelcote building into Steelcote Lofts, redevelopment of the Columbia Oil Building into Steelcote Crossing, and the development of the presently under construction Mill Creek Flats is planning a 4th building in the area to the northeast of the Grand and Chouteau intersection. A 6-story building, with major retail tenant Target, is planned along Grand Boulevard at Papin Street.”

Story updated to include new renderings, quotes, and information. Pier Property Group, the developer behind the redevelopment of the Steelcote building into Steelcote Lofts, redevelopment of the Columbia Oil Building into Steelcote Crossing, and the development of the presently under construction Mi...

07/01/2021

Apartment Advisors of America is pleased to announce our latest pre-MLS listing known as Olian Drive Apartments. Please contact Michael Zangara with any questions or tour inquires at 314.716.2213 or [email protected].

Property Highlights:
• 20 Units
• 12 two-bedrooms / 8 one-bedrooms
• New Roof
• New Windows
• New HVAC
• PVC Plumbing
• Updated Kitchens & Bathrooms
• 100% Occupied
• Cash Flow $34k per year
• Offered at 10% Cash on Cash Return
• Asking $1,700,000

*Proof of funds or pre-approval required to tour*