https://www.bizjournals.com/st…
Jan 15, 2019, 3:27pm EST
Missouri’s largest homebuilder has plans for a $27 million development on The Hill, the city of St. Louis’ Italian neighborhood, as part of a larger residential project.
McBride Homes is under contract for the the planned development, called The Manors at La Collina. The property is located off Bischoff Avenue and Hereford Street, just west of Kingshighway Boulevard.
McBride is partnering with the site’s developer, Chicago-based Draper and Kramer, on The Manors at La Collina, which is part of a larger residential development at the property. Draper and Kramer is building an apartment complex at 5006-5030 Daggett Ave., adjacent to where McBride has plans for its new homes. Draper and Kramer, through a spokesperson, said the plan for the apartment project is still being finalized, with the timing of construction still to be determined. Draper and Kramer and partner Sansone Group previously planned for single-family homes at the site and indicated they were working toward selecting a homebuilder for the project.
The homes McBride plans to build as part of the development will be priced from the upper $200,000s to low $300,000s. Sales and construction are expected to begin this spring. The homes will include brick fronts and rear-entry one- and two-car detached garages.
“We are thrilled to be a part of such an exciting development with the pent-up demand in the area,” McBride Chairman and CEO John Eilermann Jr. said
McBride described construction of the 58 homes as the first phase of the development, saying an additional phase could add 18 more homes.
With the possibility of more than 70 homes, The Manors at La Collina will be among the largest single-family home developments in the city limits in recent years. Through November last year, only 150 permits were issued for new single-family homes, according to data from the Home Builders Association of St. Louis and Eastern Missouri. That figure is up from the totals for 2016 and 2017, when 96 and 94 permits were issued, respectively, for new single-family home construction in the city.
While McBride does most of its home development in St. Louis and St. Charles counties and the Metro East, it’s not a new player to city construction. The company was the builder for Botanical Heights, a project in south St. Louis that included 175 homes. That project finished in 2007.
