HRI is set to begin conversion of two Cupples Station warehouse buildings into apartment lofts. The St. Louis TIF commission voted to allow up to $2.7 million in tax increment financing for 190 apartments and a new restaurant, possibly a two-story 6,000-square-foot, Syberg's. 60 percent of the units will rent at market rate, 40 percent will be for low-to-moderate income renters. The buildings are bounded by Clark, Spruce, 10th and 11th streets. HRI is also negotiating with Bank of America to acquire two more Cupples warehouse buildings, which it would begin converting to residential lofts after the market absorbs the first two buildings.

The Cupples Station project would be the second residential development in St. Louis for HRI. The company had also redeveloped the Merchandise Mart building and was the developer for the Renaissance Grand Hotel complex.
 
UPDATE | March 01 2006 -- Pre-Leasing begins today for Cupples Station Loft Apartments
Pre-Leasing for the Cupples Station Loft Apartments begins March 1 with a planned opening date of April 1. Be the first to live just two blocks from the new Busch Stadium!
 
 

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Related Links:

• Cupples Station Loft Apartments
• HRI closes on $42 million Cupples Station deal
• HRI, Conrad closing in on Cupples Station projects
• HRI adding more affordable housing to Cupples mix
• HRI plans $37 million Cupples project