Planned LOCAL on Delmar mixed use community in University City, MO |
ST. LOUIS, MO – Subtext, a nationwide real estate company, in partnership with Larson Capital Management, a St. Louis private equity firm, recently acquired 1.98 acres at 6650 Delmar Blvd. in University City, MO, for the construction of LOCAL on Delmar.
The five-story residential community is located in University City’s Delmar Loop entertainment district just north of Washington University in St. Louis. Construction will begin in September 2024 with completion expected in the summer of 2026.
LOCAL on Delmar is Subtext’s second project in University City’s Delmar Loop entertainment district just north of Washington University in St.Louis |
LOCAL
on Delmar is Subtext’s second project in the area, after delivering VERVE St.
Louis near Saint Louis University in 2021. Headquartered in St. Louis, Subtext
has a strong understanding of the local market.
The 259-unit, 398,225-square-foot apartment community
will offer a mix of studio, one-, two-, and three-bedroom layouts, including
townhomes.
The
building will also host 399 parking spaces in a secure, attached five-story
garage, and over 7,000 square feet of vibrant street level retail with an
outdoor dining patio, adding to the energy of the Delmar Loop.
Featuring
approximately 12,000 square feet of shared amenity spaces, LOCAL on Delmar is
designed to provide residents with an elevated living experience that will
support their holistic health, wellness, work, and social needs.
Brandt Stiles |
All
of these spaces are designed to engage residents through a hospitality focus
and a deep connection to local culture. Iconic architectural elements and
salvaged items will bring in the rich spirit of the neighborhood.
Located
at the corner of Delmar Blvd. and Leland Ave. in the Loop, LOCAL on Delmar
offers residents an unbeatable lifestyle and location just a 12-minute walk
away from Washington University and within a short drive to Downtown Clayton,
Forest Park, and Central West End St. Louis.
“This site has long awaited redevelopment, and we are
proud to have worked collaboratively with University City to design a project
that not only meets the housing needs of the community but also fits
authentically within the context of the Loop,” said Brandt Stiles,
Founding Partner, Subtext.
“That
is what our LOCAL brand is all about – putting residents first, creating spaces
where they can truly be a part of the neighborhood and immersed in the local
scene. We’re thrilled to be bringing this vision to life and contributing to
the vibrancy of U City and the WashU community.”
Brian Satterthwaite |
“We have enjoyed a long and fruitful partnership with
Subtext, as our firms share a common vision for how to bring exceptional value
to residents,” adds Brian Satterthwaite, CEO of Brinkmann
Constructors. “We have delivered premium projects across the country, but it’s
particularly rewarding to build together in our home market and add to the
development of the greater St. Louis area.”
CONTACT
David Ebeling
Ebeling
Communications
949.861.8351
949.278.7851
(Cell)
Member of the
National Association of Real Estate Editors (NAREE)
“PR Strategist for the Commercial Real Estate Industry: I do what
I love and love what I do.”
www.larson.com/services/alternatives/real-estate.
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