DESCO

South City Resident to Create Development in His Own Community

Facebooktwitterlinkedinmail

Hilliker Corporation helps developer purchase property for new apartments

Hilliker Corporation, a St. Louis owned and managed commercial real estate company, recently assisted its client buy a property to be developed in his own neighborhood.

Salviccio Properties’ owner and developer Matt Salviccio purchased a more than 14,000-square-foot two-story building at 4650 Hampton for $620,000.  The South City resident plans to renovate the property for approximately $1 million to convert the building into 15 modern loft apartments.  The site is the former home of American Eagle Credit Union.

The high-efficiency apartments, which will range in size from 650 to 800 square feet, will include a high-end kitchen with granite countertops and stainless steel appliances, a master bedroom and one-and-a-half baths.  There will be a full loft roof top deck featuring an outdoor kitchen, exterior seating, fire pits, and an expansive view of downtown.  The parking lot holds 44 cars, and rent will range from $750 to $950 per month per unit.

Hilliker Corporation’s agent Will Aschinger represented the buyer, SOHA Lofts, LLC and NAI DESCO’s agent Noel Fehr represented the seller, Anheuser-Busch Employee Credit Union. 

Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest locally owned independent commercial real estate company located at 1401 S. Brentwood Blvd. 

Facebooktwitterlinkedinmail