SNHC and CDA Searches for New Developers for the 4100 Block Of Detonty

 

Detonty Commons- 4100 Detonty

There have been many proposals over the years for the 4100 block of Detonty, which included one vacant building and 14 vacate lots, but little progress.  However, recently, the long time vacant property at 4100 Detonty was renovated and sold after one day on the market. Speculative building financing has become more difficult to find over the last 5 years and is the main reason why this block of Detonty remains vacant. Renovated housing in Shaw continues to sell at around $110-115 per square foot and days on market for renovated homes hover around 30-60 days.  Shaw continues to be one of the most popular neighborhoods to live and there are already two new construction homes under construction at 4136 Flad and 4274 Flad. Both homes were sold prior to construction starting.   As we move toward 2013, Shaw Neighborhood Housing Corporation in partnership with Community Development Corporation of St. Louis City is accepting proposals to complete 14 new homes on the 4100 Block of Detonty. Please follow this link to the Request for Proposal.

http://www.stlouis-mo.gov/government/departments/community-development/residential-development/documents/4104-4154-DeTonty-RFP.cfm

Experience in construction, building in a historic neighborhood and financing are key qualities for the selected developer. Please contact Sean Spencer at seanspencersnhc@att.net or Maggie Grady at gradym@stlouis-mo.gov with any questions.

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About Shaw Neighborhood Housing Corporation

Shaw Neighborhood Housing Corporation is a not-for-profit organization that promotes responsible development, affordable housing and diverse character and vibrancy in the Shaw neighborhood located in St. Louis, MO. Through its local development and community progress expertise, the organization serves as a resource to developers, real estate agents, neighborhood residents and business owners.
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One Response to SNHC and CDA Searches for New Developers for the 4100 Block Of Detonty

  1. Dmitriy Kabargin says:

    This is a great news!!! If they plant some trees or bamboo line or something to block the view and noise from the hwy it will help the development.

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