St. Louis the “Gateway to the West” is one of America’s most historic cities and ranks among the best places to live in the U.S., coming in at number 81 of 125 cities. If you’re interested in investing in rental properties for long-term appreciation and income potential, then you’ll find what you’re looking for in the St. Louis. The city is in the middle of a makeover and there are nine new projects underway which are bringing this city right into the 21st Century.Armory DistrictThe Armory District is located in St. Louis' hot Midtown, the plans involve the renovation of the historic Armory building, a greenway path and 250,000 square feet of office space. With close proximity to the Cortex District, City Foundry STL, the Grand Avenue Metro Station, Iron Hill Development, and St.
Louis University – The Armory District is a key piece of the City’s Midtown renewal.Ballpark Village Phase 2The 700,000-square-foot project includes a hotel, office building, retail space, restaurants and a high-rise luxury residential tower with views of the stadium. The $260 million project promises to "bring the village to Ballpark Village" and is projected to add more than a thousand permanent new jobs to downtown.Chouteau GreenwayPlans are a foot for a fee accessible trail throughout the city, a place where people can exercise and explore, organisers are looking to build a path that stretches from Forest Park to Gateway Arch National Park and Tower Grove to Fairground Parks through twenty city neighborhoods.Major League Soccer StadiumThe 30-acre proposed stadium development site is just northwest of Union Station in the Downtown West neighborhood.
Plans for the open-air arena include canopy shading and a seating capacity of 22,500, with each seat within 120 feet of the pitch.NGA West CampusThe National Geospatial-Intelligence Agency is planning to build a new 97-acre campus in the historic St. Louis Place neighborhood at the intersection of Jefferson and Cass avenues, is it expected to be the largest federal investment project in the history of St. Louis.St. Louis AquariumThis 120,000 square feet aquarium is located in Union Station and is fast becoming one of the best attractions in Saint Louis.39 NorthThis is a 600-acre development in Creve Coeur and includes proposals to build a mixed retail, office and residential area connected by green space and biking trails, it will be located at the intersection of Olive and Lindbergh boulevards.HyperloopPlans are still under review for a high-speed transportation route between St.
Louis and Kansas City, the total journey time would only be 30 minutes. This would bring huge employment and opportunity to Saint Louis.Demand for St. Louis real estate will continue to grow as more and more development takes place in the city, this will have an impact on pushing prices upwards, low inventory is also putting upward pressure on prices.St. Louis housing market is now one of the top investment locations in the Mid West as prices still remain very affordable. Saint Louis is a market with tremendous, long-term potential for increasing rental and property appreciation, if you would like to see our current Saint Louis properties please email invest@globalinvestmentsincorporated.com
