$54M apartment project from Mills Properties is latest proposed for Maryland Heights
A developer is planning to build luxury apartments in Maryland Heights, Missouri. The development would include office buildings and would cost $54 million.
In Maryland Heights, a developer is planning to build hundreds luxury apartments as part of a mixed-use development worth $54 million. The site was originally intended for office buildings.
Mills Properties is based in Brentwood, and its new apartment development, Boulder Springs Elite, would be led by Bruce Mills, founder and chairman, and Kirk Mills as president and CEO.
The project will be located on 19,4 acres between 12401 Boulder Springs Parkway (12400 Bennett Springs Court) and 12401 Boulder Springs Parkway. The project would be built next to the Boulder Springs apartment complex.
According to filings by the city and state, Vantage Pointe Office Center LLC of Washington Missouri is the current property owner. It has ties to Bank of Washington president Louis B. Eckelkamp III.
The city reported that half of the site was vacant. The city said that the half of the site where the apartments will be located was previously approved in 2009 for two office buildings with a total area up to 420,000 sq. ft. On the other side of the site, the existing Boulder Springs complex can be found.
Mills plans to build 269 apartment units in the new complex. A parking garage will also be built, according to the news report. Unit mix would consist of 128 units with one bedroom, 131 units with two bedrooms and 10 units with three bedrooms.
In a letter sent to the city, Mills stated that each floor would have direct access the the covered garage. The company said that the outdoor construction material for the complex would be stone to match the surrounding apartments. It will also include some board and stucco.
The company stated that the apartments will have granite countertops and 42-inch cabinets in the kitchen, crown moldings, washers, dryers, and wood look flooring. Residents would also have access to the dog park. The complex will have a fitness center of 5,000 square feet and a swimming pool.
According to the letter, Mills Properties is the owner of 26 apartment complexes located in St. Louis, Missouri and Columbia, Missouri.
Developers have proposed more than 1,200 new apartment units in Maryland Heights, which are in various stages for approval. KBG Inc., a developer in St. Louis, plans to build more than 800 apartment units next to Creve Coeur Lake. Lux Living of St. Louis plans 200 apartments on the former site of Motel 6 near Interstate 270. The St. Louis County Housing Authority also plans to rebuild the Arbor Hill public housing and convert it into affordable apartments. A new owner of an extended-stay hotels wants to turn it into affordable apartments.
Mills Properties' latest project would require a change in zoning for the undeveloped portion of the site. The use would be changed from offices to multifamily. The city of Maryland Heights staff recommends approval of the project due to its location and accessibility, which makes it unlikely that the site will be developed commercially.
Lochmueller Group conducted a traffic analysis for the apartments.