Central West End has seen a large influx of apartment projects over the past few years. In particular, 4 major projects have been announced, constructed or are under construction that have reshaped the neighborhood, especially along the Euclid stretch. Recently, Citizen Park, The Orion, and The Euclid have opened up and brought with them approximately 466 units. Currently, One Hundred will bring 305 units to the Central West End when the building opens it's doors in the summer of 2020. Of the 4 projects, The Euclid, a project by the Koman Group, leased out all of it's 71 units in record timing. This quick occupancy has apparently given the Koman Group the confidence to move forward with another project, 4545 Laclede.
Located halfway between Euclid and Taylor, the project will replace the existing 3-story Park East Apartments with 200 apartments, 230 parking spaces on 2 floors, and a 7-story structure. The project represents a turning point for the neighborhood as new construction begins to move into the streets off of Euclid or Lindell. It also represents the first instance of demolishing an existing residential building for a larger and denser version. Both are sings that the neighborhood's demand remains strong.
The new building will be a "U" shape with an amenities deck on the second floor facing West. The amenity deck will most likely include a pool. No retail space is planned to be included in the new building.
For the $50 Million project, The Koman Group has tapped Remiger Design and Chris Cedergreen to act as the architects on the project. The same team has worked together on Koman's Cortex K development in Cortex. No contractor has been selected at this time.
A construction timeline was not given for the project. Tax incentives will be sought by Koman for less than 10 years. However, the exact total of those incentives is still being worked out by the City and Koman.
Alderman Joe Roddy (17th Ward) is hosting a public meeting on the project on Wednesday, July 17th at 6:30PM. The event will be held in "The Euclid" on the second floor. Neighbors and interested individuals are encouraged to attend to hear more about the project and have their voices heard.
Location: 40 North Euclid Avenue
Date: Wednesday, July 17th
Hosted by: Alderman Joe Roddy and the Koman Group