Construction continues on the $80 million Wildhorse development located at the southwest corner of Chesterfield Parkway and Wild Horse Creek Road in Chesterfield, Mo.
General contractor, Brinkmann Constructors, kicked off Phase One of the 22-acre, mixed-use development in August 2019, breaking ground on The Pearl at Wild Horse Creek apartment complex and the first retail component, Ruth’s Chris Steak House, an upscale steakhouse chain.
Steel is erected and over half-way complete on wood for level one of the apartment complex, according to Brinkmann Constructors.
The 4-level, 200-unit apartment complex includes 24,500 SF of retail and restaurant space above structured parking. One- and two-bedroom units range from 650 SF to 1,244 SF. Amenities include a dog park, swimming pool, fitness center, two courtyards, clubhouse, library and Wi-Fi. On-site parking includes 418 combined spaces of structured and surface-lot parking.
Phase Two is set to begin later this year and includes AC Hotel by Marriott, a 128-room luxury hotel and conference center, along with 12,500 SF of retail space, leased by Pace Properties.
The Pearl at Wild Horse Creek apartment complex is projected to open in January 2021, with the hotel and restaurant to follow.
NorthMarq arranged $54.5 million in debt and joint venture equity financing for project developers, Tegethoff Development (formerly Pearl Companies) and Great Lakes Capital.
Other project partners include architect, TR,i Architects and investment firm, Reinsurance Group.