ERC Chief Investment Officer Justin VanLandschoot
ERC Companies has broken ground on the PURE St. Peters Apartments, a 143-unit luxury apartment community in St. Peters, Mo.
“ERC is known for providing cost effective housing options with a sense of place,” Justin VanLandschoot, ERC’s chief investment officer, told MHN.
Located at 100 Pure St., the PURE St. Peters Apartments will offer both one- and two-bedroom units, all with granite countertops, subway tile backsplashes, plank flooring and a washer/dryer. It will also offer corporate housing opportunities and flexible lease terms.
The property offers a smoke-free community, a pool with sundeck, a fitness center and professional onsite management through 2B Residential. The community is also pet-friendly.
It’s located close by the Barnes-Jewish St. Peters Hospital and the new Amazon fulfillment center.
“The appeal of this property is easy access to I-70, walkability to shops and restaurants and a convenient location to major employers such as BJC and Amazon,” Carla Powell 2B Residential’s vice president, told MHN.
An Up-and-Coming Area
According to Powell, St. Charles County is growing at an amazing pace but there is a lack of newer apartments for renters by choice.
“Most properties in St. Charles County are located in more of a suburban location,” Powell said. “This location allows for more of a suburban-urban feel which allows for amazing walkability to local restaurants and shopping venues. For those people who can afford to buy, but choose to rent, we hope to help fill that niche.”
PURE St. Peters will be leased and managed by 2B Residential and are projected to open this fall.
ERC also recently received approval to develop the Meadows in Lake, a 220-unit apartment community in St. Louis, which is expected to be completed next spring.