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.