Backed by solid demographics, the growing popularity of the remote work lifestyle and a diversifying economy, multifamily development across St. Louis is gathering momentum. As of March, upscale projects accounted for roughly two-thirds of the construction pipeline, according to Yardi Matrix data, with developers especially active west of the Mississippi River.
Mia Rose Holdings has several high-end developments underway in the metro, targeting both young professionals and retirees. One such project is The Prairie, an upcoming 180-unit community in Dardenne Prairie, Mo. The property is set to include outdoor gathering spaces and extensive green areas, which are some of the most sought-after amenities post-pandemic.
To understand what is fueling the metro’s development market, Multi-Housing News asked Mia Rose Holdings Founder & President Tom Kaiman to share his thoughts.