Green Street

Green Street Begins Construction of Mixed-Use ‘Terra At The Grove’

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By KERRY SMITH, EDITOR, ST. LOUIS CONSTRUCTION NEWS AND REVIEW MAGAZINE

A $42.5 million workforce housing, mixed-use development in The Grove has broken ground.

Terra At The Grove, a four-story, six-multifamily-building development structured by Los Angeles-based George Smith Partners, is projected to reach completion by early 2022.

Planned are a total of 307 living units, a percentage of which will be available at rent rates that are below market rates yet above what the U.S. Dept. of Housing and Urban Development defines as affordable housing. Workforce housing, as defined by developers and community planners, includes households with incomes between 80 percent to 120 percent of the area median income (AMI).

The development’s location is in the 4500 block of Swan Avenue, one block south of Manchester Avenue, within walking distance of the BJC/Washington University in St. Louis medical campus and Cortex.

Project partners say they’re aiming at a target population of St. Louisans seeking a walkable, workable commute and a quality of life as embodied by The Grove and the Central West End and Forest Park area.

In addition to residential units, Terra At The Grove will feature a 1,415-square foot retail suite on the ground floor.

Green Street Development Founder and CEO Phil Hulse said financing complicated real estate developments is never easy but is even more complex amidst a prolonged pandemic.

“We were fortunate to have George Smith Partners Senior Vice president Kyle Howerton work with us to source the debt with CIT Bank and guide us through a creative and successful financial close,” said Hulse.

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Green Street, SoLiS Building First Electrical Vehicle Charging Locations Along Market Street

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FacebooktwitterlinkedinmailBy KERRY SMITH, EDITOR, ST. LOUIS CONSTRUCTION NEWS AND REVIEW MAGAZINE

St. Louis-based SoLiS Mobility LLC and Green Street Construction broke ground this month on the company’s first electric vehicle (EV) charge-sharing locations near the intersection of Market Street and Jefferson Avenue.

SoLiS President Luke Schuette said the $3.2 million, 5,411-square-foot project, being built by Green Street Construction, will include 24 EV stalls, a Kaldi’s coffee station, healthy grab-and-go food, a lounge and ride sharing and ride hailing areas.

The vehicle charging infrastructure on Market Street will accommodate eight 24-kilowatt AC-level II chargers, eight 80-amp AC-level II chargers, four 175-kilowatt chargers with eight distribution posts and four 160-kilowatt chargers with eight distribution posts.

“We are excited SoLiS chose St. Louis as its inaugural location,” said Phil Hulse, CEO and managing principal of Green Street St. Louis. “This forward-thinking solution is a great addition to our advancing region and our city’s sustainability initiatives.”

Luke Schuette, president and founder of SoLiS Mobility, said the pilot site at 2320 Market Street was selected due to its proximity to Downtown West and the Central Business District, offering connectivity to surrounding developments such as the next NGA West, the MLS stadium, St. Louis Aquarium and other destinations.

“We’re extremely excited to be positioning our pilot site in such an ideal location where there is already so much energy,” Schuette said.

The project is expected to be completed in May.Facebooktwitterlinkedinmail