3800 Shenandoah rehab progresses

Please see the post below from Matt Kastner regarding the rehab of 3800 Shenandoah.  This project is very important because it will certainly introduce more people to Shaw.  Further, it completes the rehabilitiation of a long vacant building.  Thanks for visiting. From Matt Kastner:

Construction at the long-vacant apartment complex at 3800 Shenandoah is moving along on pace for an Spring 2011 completion. Developer T & E Development, LLC is utlizing Federal and Missouri State historic tax credits on this rehab of this apartment complex in the Shaw Neighborhood of South St. Louis.  Originally 24-units, the building will be converted to 18-units in the finished project due to the smaller size of some of the apartments. Of these. the six units on the east wing of the property are the farthest along, with floors and kitchens going in within the next couple of weeks. These oversized 1 bed, 1 bath units should be available in early March.

The final project is targeted for an April 2011 finish and will feature six smaller 1 bed, 1 bath units ($625); six oversized 1 bed, 1 bath units ($695); and six large 2 bed, 1 bath units ($850). The oversized lot will also allow for generous parking at the site for tenants. As for construction progress outside the east wing, all the demo is done throughout the building, roof and tuckpointing work has been completed, all the rear balconies have been re-welded and painted, all of the framing is up, most of the electric and plumbing is complete, 25% of the drywall has been hung, half of the original windows have been refurbished, and the 6-bay garage in the rear of the property has been completely redone.

The property had been gutted for conversion to condos a few years ago, but with the shift in climate for the housing market, the project was put on hiatus. With their acquisition of the property, T & E Development scaled back some of the more elaborate upgrades in the original condo plans, but the apartments are still being completely redone from top to bottom.

This project is really going to do a lot of good for this section of Shaw. It is the single largest idle property within many blocks and it’s revival could have a lot of spillover affect. Matt Kastner of Threshold Properties (314-865-0405 or info@thresholdstl.com) will be handling leasing of the units upon completion, so if you are looking for a quality apartment near Tower Grove South this spring, it’s never to early to start looking.