ST. LOUIS - A potential new housing development in The Hill neighborhood of St. Louis may soon be replacing a dangerous abandoned building that has been vacant for decades.
The Sansone Group, a local real estate development company, and their partners, Draper & Kramer have been working for months with the Hill 2000 Neighborhood Association to tear down an abandoned warehouse in the 4900 block of Daggett Avenue.
They plan to turn the 11-acre site into a high end residential property featuring 292 apartments, 58 Towne homes and 15 single family homes.
Jeff Proctor, Vice President of the Hill association says that the group has been working with Sansone the past several months.
“We developed a sub-committee made up of Hill residents and business owners, and they exchanged ideas and thoughts and issues over the last several months and we've come to a solution that we're very excited about and all parties believe is in the best interest of the neighborhood,” said Proctor.
The project is expected to cost $40 million dollars, provide 800 construction jobs and take about two years to complete. The proposal now goes to the city for final approval. They hope to break ground in the Spring of 2017.