Clayton on the Park is a 213-unit multifamily development in Clayton, St. Louis County, Missouri. An affiliate of Koman Group purchased the asset in December, 2011, intending a conversion to 100% market rate rental apartments. The building was constructed in 1998, originally conceived as a hotel/apartment building. A partnership backed by Sunrise Senior Living acquired and converted the asset in 2008. The building was foreclosed upon in 2010 by Sovereign Bank (Santander). Koman Group completed the renovation in five months, moving in its first resident in July, 2012. The building stabilized in September, 2013 and has continued stabilized occupancy since. In 2017, Koman Group completed a common area and commercial rehab program in a continued effort to maintain the asset’s position as a premier rental residential building in St. Louis.
// CLAYTON, MISSOURI
// MULTIFAMILY REHAB
// 213 UNITS, 206,942 RSF, OFFICE: 3,000 RSF, RETAIL: 4,500 RSF
// COMPLETED 2012, RENOVATED 2017
// ADJACENT CITY-OWNED PARKING STURCTURE WITH LONG TERM-LEASE