David Garfinkel, senior vice president/managing director of Northmarq’s St. Louis-based regional office, completed the $46 million construction loan for The Flats at Wildhorse Village. The 266-unit class A luxury apartment property will be located at 350 Wildhorse Lake Blvd. in Chesterfield, Missouri.
Northmarq arranged financing for the borrower, Pier Property Group, through its relationship with UMB Bank. Construction is slated for completion in summer 2023.
The property is located in the high-end suburb of Chesterfield and offers access to Interstate 64. It is a part of Wildhorse Village, an 80-acre mixed use development which includes apartments, townhomes, office and retail uses.
The project is being positioned as the new ‘Downtown’ of Chesterfield and is centered around a large lake surrounded by boardwalks, trails, a floating garden, amphitheater, public art installations, and gathering spaces such as picnic lawns, and terraced plazas. A “main street” lined with pedestrian-friendly buildings will wrap around the lakefront, with multiple restaurants offering lakefront dining.
Other nearby attractions and points of interest include: TopGolf, Spirit of Saint Louis Airport, St. Luke’s Hospital, Maryville University, Chesterfield Amphitheater and numerous parks and recreational activities.
The Flats will contain 266 luxury apartment units and a 405-space parking garage on four floors surrounding an oversized resort style pool and activity deck. Other amenities include: fitness center with yoga/cycling room, dog park, dog spa, business center, and bike storage. Units will possess oversized balconies, unobstructed lake views, fiber wireless internet, and high-end finishes, such as quartz countertops, stainless steel appliances, tile shower surrounds, and custom flooring.
