BELOW: An artist’s rendering of the planned apartment complex.
From Illinois Business Journal news services
RICHMOND HEIGHTS, MO – Holland Construction Services, Inc. joined real estate services firm, Draper and Kramer, Inc. Wednesday morning for a groundbreaking ceremony to launch construction on Evo, a new luxury apartment community in Richmond Heights, Mo.
The $54 million, four-story complex will include 281 one- and two- bedroom apartment units. Among the many featured amenities will be: an outdoor skydeck located on the fourth floor, a four-story parking garage, a saltwater pool within a spacious courtyard, fire pits, an outdoor kitchen area, and a dog park.
The complex is located off Interstate 64 (Highway 40) and Brentwood Boulvard at the intersection of Eager and McCutcheon Roads.
The development division of Draper and Kramer, headquartered in Chicago, has a long-term relationship with the site and the city of Richmond Heights. The previous apartment complex, Manhassett Village, was torn down in 2005 with a vision of this new development taking its place. The project received $42 million in financing from the AFL-CIO Housing Investment Trust and is being built with union labor.
Evo Apartments is the first of four phases of development. The second phase will include four two-story buildings with apartment units ranging from 762-1,465 square feet and 1-3 bedrooms. Both Phase 1 and Phase 2 are expected to be complete by the end of 2016 with the additional phases planned for 2019-2022.
Humphreys & Partners Architects, based in Dallas, Texas, is serving as the architect on the project. Holland also worked with Humphreys on two other apartment projects, Cortona at Forest Park in St. Louis and Parkway Lakeside Apartment Homes in O’Fallon, Ill.
About Draper and Kramer, Inc.
Draper and Kramer is a national integrated property and financial services firm led by President and Chief Executive Officer, Forrest D. Bailey, and headquartered in Chicago, Illinois. Primary services offered include management of multi-family residential, both rental and condominium, and commercial properties including, office, industrial and retail property types, arranging debt and equity financing for commercial property, residential mortgage banking dba 1st Advantage Mortgage, acquisitions and development. Draper and Kramer provides a single source of real estate-related counsel to a diverse group of investors in real estate across the U.S.
Holland Construction Services is a construction management, general contracting, and design/build firm based in Swansea. It was founded in 1986 by CEO Bruce Holland. Holland offers pre-construction, construction and building information modeling services to retail, office, health-care, educational, multi-family, recreational, institutional, and light industrial clients.