South City Resident to Create Development in His Own Community

Hilliker Corporation, a St. Louis owned and managed commercial real estate company, recently assisted its client buy a property to be developed in his own neighborhood.

Salviccio Properties’ owner and developer Matt Salviccio purchased a more than 14,000-square-foot two-story building at 4650 Hampton for $620,000. The South City resident plans to renovate the property for approximately $1 million to convert the building into 15 modern loft apartments. The site is the former home of American Eagle Credit Union.

The high-efficiency apartments, which will range in size from 650 to 800 square feet, will include a high-end kitchen with granite countertops and stainless steel appliances, a master bedroom and one-and-a-half baths. There will be a full loft roof top deck featuring an outdoor kitchen, exterior seating, fire pits, and an expansive view of downtown. The parking lot holds 44 cars, and rent will range from $750 to $950 per month per unit.

Hilliker Corporation’s agent Will Aschinger represented the buyer, SOHA Lofts, LLC and NAI DESCO’s agent Noel Fehr represented the seller, Anheuser-Busch Employee Credit Union.

Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest locally owned independent commercial real estate company located at 1401 S. Brentwood Blvd. The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 sales and leases for industrial, office, retail and institutional clients since its inception in 1985. For more information, contact Will Aschinger at (314) 781-0001.

St Louis University – NextSTL

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