February 19, 2009 at 5:48 pm

Magnolia Place construction begins

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Details are still sketchy at this point, but construction on the Magnolia Place Condominium development at 4101 Magnolia, near the intersection at Thurman, is finally underway. As you can see from the pictures, the surrounding trees have been removed and demolition has begun. No word on a completion date, but this 24-unit project will turn one of  the biggest eyesores on either side of Tower Grove Park into a centerpiece for the area. This Shaw neighborhood project is one to watch. For more on the project, check out my previous article.


Matt Kastner is the owner/broker of Threshold Investment Properties in St. Louis, Missouri. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business for over four years. Email Matt


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