ST. LOUIS – Residents of Peper Lofts on Laclede’s Landing celebrated Independence Day with a rooftop view of the fireworks display from Fair St.
The old Bi-State building is one of several investments made by the Advantes Group. The developer, general contractor, and property management firm are optimistic about the future of Laclede’s Landing. https://www.advantesgrp.com/
Jacob Suratt, a spokesman for the Advantes Group stood on the roof of the patio at Peper Lofts gazing at the view.
“It’s the best view of St. Louis in my mind because behind us is literally every building in St. Louis,” Surratt said. “You can look here and just see the skyline.”
He said Peper Lofts is 100% occupied. Surratt said when the investment was first made, there were many skeptics who doubted whether the development would be successful.
“We took that myth and completely destroyed it, and we had waiting lists for our units to be built,” Surratt said.
There are several future developments that will bring more apartments and retail space to the area, including the Old Judge Coffee building, Hoffmann, Greely, and Paincourt Lofts.
“We have 78 apartment units built within this few block radius,” Surratt said. “By the end of next year, we will be investing $ 60 million here in apartments, offices, and commercial across the street.”
He said a new deli-style restaurant will open in the old Bi-State building around Labor Day. Surratt believes Laclede’s Landing has experienced a resurrection.
“I’m happy to see the brick buildings in St. Louis. Louis alive again, ”Surratt said.