What A Luxury Loft Looks Like in St. Louis: 1121 Locust in Downtown
This 2-bedroom loft in the Alexander Lofts at 1121 Locust in downtown St. Louis came on the market in March 2019.
The Alexander Lofts were designed by John D. Paulus in 1906. It hosted a dozen companies over the years including General Motors Truck Company.
It was converted into 8 luxury lofts and a ground floor retail space in 2005.
The elevator opens directly into the unit.
This loft has 14 foot timber ceilings and exposed brick.
It has a high-end kitchen with custom cabinets, granite counter tops, stainless steel appliances and a gas range.
From the pictures, it appears that, in true loft fashion, at least one bedroom doesn’t have full walls or doors.
There’s a balcony off of one of the bedrooms, but no pictures of it.
There also isn’t any pictures of the bathrooms (for some reason.)
It has central air, washer/dryer in the unit and 2 car side-by-side garage parking.
Listed at $449,000, this is among the more expensive loft units in the downtown.
At the other end, you can get a studio loft in some buildings for as little as $70,000.
With this great housing stock, why isn’t the downtown booming?
Teresa Guempel at Coldwell Banker Gundaker has the listing. See the pictures here.
Unit #502: 2 bedrooms, 2 baths, 2429 square feet
- Sold in April 2014 for $388,500 (per Redfin)
- Originally listed in March 2019 for $449,000
- Still listed at $449,000
- Assessments of $629 a month
- Taxes of $5617
- Elevator opens directly into the unit
- 2 car side-by-side garage parking included
- 2 bedrooms (sizes not listed- as maybe they aren’t walled off so no sizes?)
surprisingly nice
but there are literally no jobs to support this… and if you could work remotely anywhere you sure as hell wouldn’t pick St. Louis as a place to live, its in a tough spot and is probably why such a nice place is so cheap
Nothing like a loft in the middle of a sea of parking, and across the street from a 6 story garage.
Also enjoy how 3 of the 13 pix are of an image of Central Park.
typo–2 of 13.
So this is just a couple blocks (.2 miles) from the Washington property but at twice the price? Why?
“but there are literally no jobs to support this”
No jobs?
There are 9 corporate headquarters there. Not to mention quite a few tech companies. There are major universities as well as hospitals. Somehow the vast majority of the over 2 million people living in metro St. Louis are working.
Don’t forget, the Federal Reserve Bank of St. Louis is there and it has some pretty solid government paying jobs.
There are enough jobs to support both a Four Seasons and a Ritz Carlton. Not many 2nd tier cities have even one of those hotels, let alone both of them.
“So this is just a couple blocks (.2 miles) from the Washington property but at twice the price? Why?”
Finishes. Exclusivity (just a few units in the building) and size (huge loft). Too bad they didn’t show us the bathrooms as I’d like to see what those look like for this money.