Covering the Land of Lincoln

New apartments on the streets of St. Charles

Chapter at The Streets offers contemporary one- and two-bedroom floor plans with what CRG calls “thoughtful work from home” rentals starting at $ 1,400 per month.

ST CHARLES, Missouri – Developer CRG is building a mid-range apartment complex in the Streets of St. Charles, as part of its $ 1 billion statewide multi-family investment plan, that will build homes for middle-income professionals in high-growth markets.

The building, named Chapter at The Streets, will consist of 245 units on 2.2 acres at 333 Mulholland Drive in the mixed-use development The Streets of St. Charles with ground level parking. The construction work should be completed by the second quarter of 2023, the first units should be occupied in the same quarter. Development costs were not specified.

CRG, the St. Louis-based real estate development and investment arm of Chicago-based Clayco, said the urban location and accessibility of St. Charles’s 27-acre streets are attractive to an apartment complex aimed at young professionals seeking the want pedestrian-friendly options and recreation nearby. Cullinan Properties, based in Peoria, Illinois, developed the larger project, which includes more than 1 million square feet of retail space, restaurants, a movie theater, and an existing upscale apartment complex called Residences at Streets of St. Charles. The development is adjacent to the Katy Trail, a recreational trail that follows Lewis and Clark’s route along the Missouri River.

“Walkable suburban communities like Chapter at The Streets, which combine living with retail services, along with easy access to nature and recreation, will be immensely attractive to tenants. You hear a lot about 15-minute cities – this is a 5-minute city, “CRG managing partner and group leader JJ Smith said in a press release.

Chapter at The Streets will feature contemporary one- and two-bedroom floor plans, which CRG called “thoughtful work from home,” and rents starting at $ 1,400 per month, the developer said. According to a study by Cushman & Wakefield, the average rent in the St. Charles County submarket was $ 1,166 for the third quarter of this year.

Read the full story on the St. Louis Business Journal website.

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