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St. Louis-based multi-family developer, Mia Rose Holdings, has completed the sale of The Solstice, a 156-unit Class A multi-family community in Lake Saint Louis, Missouri. The sale to Minneapolis-based Timberland Partners marks the third real estate transaction between the firms. In 2021, Timberland purchased Mia Rose Holdings-developed Grand Central at the Junction in Wentzville, Missouri and earlier in 2023 Timberland purchased Mia Rose Holdings-developed Pure Springdale in Northwest Arkansas.
Mia Rose has delivered or is developing more than 2,000 units of luxury, Class A, suburban multi-family and mixed-use development communities throughout the St. Louis region, primarily in St. Charles County. In total, the developer has over 3,000 total units in development across its St. Louis, Northwest Arkansas, Indianapolis and North Texas markets.
The Solstice development, in highly sought-after Lake Saint Louis, features 48 two-bedroom units and 108 one-bedroom units spread across five, three-story buildings consisting of 131,424 total square feet. The community added an amenity-rich, high-end housing option and community greenspace with numerous walking paths and trails. The high-profile location off Highway 40 and across from the Meadows at Lake Saint Louis shopping center supports local retailers. Construction broke ground in the Fall of 2021 and was completed in the Spring of 2023.
“We identified the rapidly growing St. Charles County market back in 2015 when we formed the company. We saw a lack of supply and high demand for new Class A rental housing options in strategic locations. The lease-up at The Solstice has exceeded all of our expectations, and we are pleased to complete another successful transaction to Timberland in such a challenging real estate market,” said Tom Kaiman, founding Principal of Mia Rose Holdings, LLC. Mia Rose’s other St. Charles County developments are in Dardenne Prairie, St. Peters, Wentzville and an additional 144-unit development, The Sullivan, nearby in Lake Saint Louis.
ABOUT MIA ROSE HOLDINGS, LLC
Mia Rose Holdings LLC (MRH) is a St. Louis, Missouri-based commercial real estate development company that actively acquires and develops real estate to support the needs and vision of local communities. The MRH portfolio consists of mixed-use and luxury multi-family developments including over 3,000 units in four major markets of St. Louis, Northwest Arkansas, Indianapolis, and North Texas. In addition to multi-family and mixed-use developments, MRH has a strong niche developing and consulting for ice rinks and other youth athletic facilities, including Maryville University Hockey Center, Pacific Ice Rink and Chesterfield Sports Complex. For more information about Mia Rose Holdings, visit www.miaroseholdings.com.
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