(Update: 09-11-2023) Yesterday I noticed the new Hilltop West development: My YouTube video when I walked by yesterday am, the Olivette City Website, and a Zillow link (and developer website, not much info there, by the way). Again I saw quite a few torn down and rebuilt in that neighborhood. The new house in the school district went up probably 50% in the last 3 years. For average wage earners, the salary didn’t go up that much. I recall in the good old days the rule of thumb was that we buy houses about 3 times our before-tax income. So in order to buy a $ 750k home, we need to earn about $ 250k (which is still quite a bit of money for the average worker salary in the St. Louis area)
(Update: 06-22-2022) Besides new apartments below (again The Oliver which is almost done as of June 2022, and The Opus Group Multifamily Redevelopment Project at Irvington and Reyem Courts which I assume will take some time / years or months), there are also two townhouses complex. Hilltop West-attached home redevelopment project and Olivette Townhouse Redevelopment (this is the 35 new townhomes below).
(Update: 12-30-2021) I heard about this one, but the new 35 townhomes at Dielman and Olive Road are official. Here is the developer’s website. I took a short video here. As of 04-16-2023, I saw earth-moving equipment flattened the surface when I was driving by Olive Road passing the Dielman.
(Original) We can see a lots of new developments, both residential and commercials, at Olivette along the Olive road in last year or so.
Some of the bigger development projects I am aware of: are the Oliver (apartments and some retail), Olive Crossing at Olive and 170(apartments now opened as the Clover luxury apartment, hotels, retail and dining), and the Opus group olivette project. , one of the new neighbors in my neighborhood moved from the last project site (a single-family home sold to a developer and bought a new home in my neighborhood). We briefly discussed the trend of apartments over single-family houses (SFH) in the younger generation. I think it’s also a desire from the city and the developer as well. Maybe the apartments are more environmentally friendly compared to SFH. (Update 09-06-2023) It seems the apartment behind the Chevy Restaurant didn’t take off: all I can see right now is weeds and bushes in that empty lot 🙂