Construction is about to begin on a five-story apartment building that will further solidify the Grove as more than a St. Louis neighborhood to eat and drink.
Amy Gill, president and chairman of Restoration St. Louis—the developer—said Monday construction will begin immediately after financing is completed this week. The developer applied last week for building permits.
Gateway Lofts is the name of the $10.8 million project, which is scheduled for completion late next summer. The building will go up at 4400 Manchester Avenue, across the street from Urban Chestnut's bierhall.
Gill said Gateway Lofts of a continuation of the Grove's evolution. Restoration St. Louis recently moved its office to a building it rehabbed on Manchester and has long owned property in the neighborhood.
Gateway Lofts, with 56 apartments and ground-floor commercial space, will follow a 20-unit apartment project that opened this year at 4321 Manchester. That project by Paramount Property Development also has commercial space that already is occupied. One more such project is under consideration in the area.
In August, the Forest Park Southeast Development Committee approved Restoration St. Louis' parking-related requests for Gateway Lofts. One request approved is for a curb cut on Newstead Avenue to allow apartment residents to drive into the building's garage behind the street-level storefronts. The committee also approve the request to put parking on a vacant lot at Newstead and Swan avenues.