LOCAL News :: Housing and Development
Arsonist burns down overpriced condo's
Condos on south grand destroyed by arsonist, asshole developers, hipsters and yuppies delayed in their quest to gentrify the area.
I caught this in the paper the other day. I don't know much about the housing situation in the South Grand but I do know the area is becoming gentrified. It looks like someone got sick of all of the hipsters and empty nesters moving in to these $200,000-$300,000 condos and jacking up the property tax. Good for them.
Anyone know more?
(Repost from KSDK)
(KSDK) - Arson has not been ruled out in Thursday's early morning fire that destroyed two condominium complexes that were still under construction on South Grand Avenue.
St. Louis City bomb and arson crews returned to the scene Friday morning, along with officers from St. Louis County and the Bureau of Alcohol, Tobacco and Firearms and Explosives.
They say a gasoline can was recovered from the debris and such an accelerant is suspected, since the fire burned so fast. Evidence was taken to the scene and sent off to a lab for testing. Results should be back next week.
It's estimated that the fire caused $3 million in damage at the St. Louis project.
The Compton Gate development had 30 condominiums and six multistory townhouses and was set to be finished this fall. None of the units were sold, but eight were reserved.
The developer is promising to rebuild.