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First Large-Scale Multi-Family Residential Development on Laclede's Landing
Historic timbers throughout the historic six-story, 106,000 square foot Christian Peper building at 701 N. 1st Street are being preserved and will be a focal point in the individual units themselves as well as in the common areas. (Image courtesy Nehring Design)
ST. LOUIS, MO, (slfp.com), May 6, 2018 - Advantes Development acquired the historic six-story, 106,000 square foot Christian Peper building at 701 N. 1st Street last August and is now in the midst of $12 million renovation project. Upon completion later this year, the repurposed 120-year-old building will deliver 49 incredible apartment homes with dramatic views of the recently completed Gateway Arch grounds, the Mississippi River and the downtown St. Louis skyline. A key highlight of the redevelopment is a rooftop sundeck with clear glass safety railings, which will offer almost 360 degrees of unobstructed views.
"The Landing has long been known as a great place to dine and play, and over the years it has become home to a diverse mix of businesses, but this latest addition is adding a whole new dimension to St. Louis' only riverfront entertainment/dining destination," said John Clark, president of the Laclede's Landing Community Improvement District. "Now, for the first time ever, The Landing will be a place to live, work and play, offering a truly unique lifestyle experience."
The apartments will be located on floors three through six and feature impressive ceiling heights ranging from 10.5 feet to 18 feet, depending on the floor. Historic timbers throughout the building are being preserved and will be a focal point in the individual units themselves as well as in the common areas. Open concept floor plans will facilitate easy flow within the apartments and ensure maximum exposure to the premium views. Residents will appreciate custom concrete floors, designer cabinetry, Quartz countertops, high end appliance packages, remote thermostatic controls and the in-unit washer and drier.
The rooftop sundeck will offer multiple areas for lounging and gathering, grill stations, and even incorporates a designated area just for residents' dogs. Additional amenities include keyless security and controlled access parking, while the building's first floor will feature a coffee bar, fireplace lounge, professional workout facility and a business center. The building itself is just steps away from the new north entrance to the renovated Gateway Arch Grounds, the St. Louis Riverfront Bike Trail, Lumiere Casino, the MetroLink Station and more than half a dozen existing local eateries, with more set to open over the next few months.
Ranging in size from 650 to 1,100 square feet, the building will feature a mix of 23 two-bedroom, one-bath units and 26 one-bedroom, one baths. In all, there will be 13 different floor plan options available. Rents will initially range from $900-$1,450 based on unit type, floor level and specific views. Pre-sales are set to begin by the end of April. The first display units should be available for viewing by July 3rd, right in time for the Arch grounds and Landing to welcome tens of thousands of people as the renovated Gateway Arch Museum opens and the popular Fair St. Louis returns to the Riverfront.
"The Peper Lofts will be the perfect combination of modern living and rich history and will contribute to the overall revitalization of Laclede's Landing that appears to be well underway," said Brian Minges, president of Advantes Development. "While our project may be the first large-scale residential development on The Landing, we're confident that it will be the first of many as other developers recognize what an incredible riverfront location this is and join us in making this nine-block area one of the city's most sought after residential communities."
Nvsted Offers New Opportunity for Startups in the St. Louis Region
ST. LOUIS, MO, (SLFP.com), April 22, 2018 - St. Louis County Executive Steve Stenger has joined with area business leaders and representatives of the St. Louis Economic Development Partnership to announce the launch of Nvsted (pronounced "N-vested"), an innovative, new funding source that provides a way for small investors to help fund area start-ups.
The St. Louis-centric crowdfunding marketplace has received federal Financial Industry Regulatory Authority (FINRA) approval and is now open to St. Louis-based businesses and investors from around the United States. Nvsted provides a unique platform connecting startups and business owners with like-minded investors.
"Nvsted will propel the growth of entrepreneurs, support the expansion of St. Louis area-based jobs, and strengthen the foundation of regional businesses," said St. Louis County Executive Steve Stenger. "The timing is certainly right for introduction of this innovative tech tool for funding startups. Nvsted will contribute to the economic momentum underway in St. Louis County since 2015, a boom marked by more than $5 billion in corporate expansions and capital improvements, the creation of 5,700 jobs and the retention of over 30,000 more."
Crowdfunding and kick-starter platforms are a familiar concept in the St. Louis area and throughout the nation, as well as among local venture capital firms. Nvsted is the only regulation crowdfunding marketplace specific to the St. Louis region and the first in the nation organized by an economic development agency. It allows people to invest in companies for as little at $100. The online portal www.nvstedwithus.com seeks to connect the region's thriving community of startups to a wider range of capital, including investment opportunities for everyday investors who might be customers or other business and civic supporters. Businesses must be located in the St. Louis region, though investors may be from anywhere in the United States.
A technology platform with a hyper-local focus, Nvsted is an online marketplace for companies to reach investors for their fundraising needs. Designed to build and grow St. Louis companies, Nvsted is a viable complement and alternative to other methods of raising capital.
"The St. Louis business ecosystem continues to be exceptional for startups and business expansion," said Jamey Edgerton, CEO of Nvsted. "Recent approval by FINRA for Nvsted's launch further strengthens the St. Louis region's position as one of the top areas to start and grow a business. Nvsted is innovation that will strengthen St. Louis region's business environment - it's innovative, unique and supports our business community."
WellBeing Brewing Company is the first company to participate in this innovative new fundraising platform. The company seeks to raise between $125,000 to $200,000 for start-up of the firm, which is a brewer of non-alcoholic beer. To learn more about Nvsted, or to invest in a St. Louis company, please visit www.nvstedwithus.com.
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