Construction Timeline

Depending on how our land acquisition goes this next month, I would like to work out a plan to get our construction documents to the manufacturer by January 15, 2006, with hopes of getting our prototype on foundation by March 15th.

Marine Villa Environment

E-mail from Craig Schmid on 11/8/05:

Basically, we are looking for excellent quality housing (mostly rehab), single-family detached homes (unless converting four families to two families), homeowner occupied, three-sides of brick with masonry rear, basement, compatible with the historic architecture (no modernism, cubism, etc.), meeting the urban model of garages in rear, and selling for a minimum price range of $150,000 to $200,000.

In the 20th Ward (other than in Benton Park West) you should be talking with Sam Green, CDA housing analyst, at (314) 622-3400 (ext. 232) or greens@stlouiscity.com. Sam and JoAnn work very well together.

Thanks.

Craig Schmid

Infill Development Details

Who are the Buyer’s:
College educated couples (married, unmarried living together) transitioning from first or second jobs out of college into a more permanent position or having successfully launched their own business. Also, could be an empty-nester couple looking for good city living or divorced professional looking to start over. Emphasis on young architects and design professionals. The big issue is someone who wants a yard and doesn’t want a condo fee and likes the idea of working in a community garden and volunteering at the senior center across the street.

Price Range:
$169900 @ 1258 sq. feet without a garage and $189900 with garage and $189900 @ 1440 sq. feet (involves stretching house approx. 6 more feet) without a garage and $209,900 with garage. We would like to push this upward by at least $10,000 through our marketing and promotion of the area, which will not only get everyone on our side in the neighborhood but will lead prospective homeowners to our development(s) by directing a significant portion of our efforts to pumping up Benton Park West.

Size of Home:
1258 up to 1440 square feet

Check out http://www.mayorslay.com/polls/090805squarefeetresults.asp which provides data on a group of participants who responded to a survery about home size and city living.