A St. Louis city board has designated a developer to lead efforts to build 300 new homes in north city.
The Land Clearance for Redevelopment Authority on Tuesday approved Fleur De Lis Development Corp. as the developer of a $80 million residential project in The Ville neighborhood in north St. Louis that would entail renovating 20 homes and building 300 new homes at north Newstead, Lexington and Kennerly avenues and Whittier Street.
The new homes will be marketed for sale between $180,000 to $250,000. Fleur De Lis is expected to work with other developers on the residential project, city officials said. A 15-year tax abatement is pending approval by the Board of Aldermen.
Source/Story continues – St. Louis Business Journal