The Euclid: A mixed-use urban development with fries on the side
We all know the three things that matter most in real estate: Location. Location. Location.
But if you ask The Koman Group, developers of a premier mixed-use development in St. Louis’ Central West End, they might suggest a fourth: Location. Location. Milkshakes. Location.
The Euclid, a six-story residential and retail development, is not only surrounded by a nationally ranked university and medical center, a vibrant technology district and one of the nation’s largest urban parks, it is also home to St. Louis’ first Shake Shack, the wildly popular, New York-based burger joint founded by St. Louis-native Danny Meyer.
The project was conceived after The Koman Group purchased the nondescript single-story retail building that formerly sat at the corner of North Euclid and West Pine in the historic city neighborhood.
Known for the development of prime commercial and residential assets, The Koman Group undertook the project with a simple, but ambitious vision: to create a residential development that would address the needs and lifestyle interests of young professionals.
That meant a walkable, urban location that was close to jobs on the nearby Washington University Medical Campus or at the Cortex Innovation Community, as well as to the dining, entertainment and recreational activities in the immediate neighborhood and nearby Forest Park. An appealing restaurant tenant wouldn’t hurt.
Commerce joined the team to provide a construction loan, the City of St. Louis stepped in with tax increment financing and the transformative project was a go.
Following the demolition of the original Class C building, Tarlton, the general contractor, began work on the new modern replacement structure in early 2016. Shake Shack signed on as the first tenant in the first floor retail space, opening its doors the following November. The first apartments became available in March 2018.
Today, four floors of studio, one- and two-bedroom luxury apartments are almost completely leased, and residents have access to underground parking, a fitness center and common entertaining spaces. Another floor of apartments is now under construction, which will bring the total number of apartments in the building to 86.
Down at the street level, Shake Shack has been joined by Kaldi’s Coffee, a St. Louis-based specialty coffee shop, and ‘ZZA Pizza + Salad, a fast-casual pizzeria. A new Commerce Bank Connect™ concept will be joining them on the first floor later this summer. Like the Koman Group, we know a good location when we see one.
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