Newspaper article St Louis Post-Dispatch (MO)

Best of Building Blocks

Newspaper article St Louis Post-Dispatch (MO)

Best of Building Blocks

Article excerpt

Highlights from our real estate and development blog:

Oxford Hills gets new owner * Covenant Capital Group and Bell Partners Inc. have sold their jointly owned Oxford Hills apartment complex near Creve Coeur to Aragon Holdings LLC.

Holliday Fenoglio Fowler, the company that marketed the 480-unit complex for the joint venture, did not disclose the sale price. The complex of 36 buildings is at 10304 Oxford Hill Drive, just off North Lindbergh Boulevard.

Covenant Capital Group is a real estate private equity firm based in Nashville, Tenn. Bell Partners, based in Greensboro, N.C., is a privately held apartment investment and management company.

Aragon Holdings, based in Los Angeles, owns more than 10,000 apartments in 10 U.S. metro areas. (07.13)

Althoff new head of ULI St. Louis * Ann Althoff, a project executive at Clayco Corp., is the new chair of the Urban Land Institute chapter in St. Louis.

Althoff, who lives in Glendale, has been active in ULI matters in St. Louis and nationally for eight years. She co-founded the Women's Leadership Initiative and represented ULI St. Louis nationally as chair for mission advancement.

Althoff worked previously at HOK, Pace Properties and Cushman & Wakefield. She has a master's degree in urban affairs from St. Louis University and a business administration degree from Fontbonne University. (07.13)

Indigo coming to downtown St. Louis * By late next year, two empty buildings at a downtown St. Louis street corner will be redone as Hotel Indigo St. Louis at the Arch, the project's developer said.

"We're full speed ahead," said Neil Kapadia, principal of ViaNova Development, of Chattanooga, Tenn.

ViaNova plans an 86-room Hotel Indigo in the LaSalle building, at 501 Olive Street, and the adjoining building, at 303 North Broadway, formerly occupied by Paradowski Creative. …

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