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.
ABOUT MIA ROSE HOLDINGS, LLC
Mia Rose Holdings LLC (MRH) is a Chesterfield, MO-based commercial real estate development company that actively acquires and develops real estate to support the needs and vision of local communities. MRH provides comprehensive, first-class development services through partnerships with the best and brightest in commercial brokerage, engineering, architectural and construction services. MRH was formed in 2014 by Tom Kaiman who oversaw more than $1 billion in development during his previous 15 years of design and construction experience. In addition to multi-family and mixed-use developments, MRH has a strong niche developing and consulting for ice rinks and other athletic facilities. This expertise grew out of Tom Kaiman’s professional hockey career playing for the Arkansas Riverblades, Baton Rouge Kingfish and Lowell Lockmonsters. For more information about Mia Rose Holdings, visit www.miaroseholdings.org
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