Construction underway for $12M Kirkwood project

Construction has started on a $12 million, 14-unit condominium development in Kirkwood.

Savoy Investments, an entity affiliated with Savoy Properties, is developing The Barclay, a 40,000-square-foot, four-story structure with 14 luxury condos, underground parking and other amenities at 204 N. Clay St.

The units will have private terraces, open floor plans, 10-foot ceilings and custom finishes, according to a previous Business Journal story. Floor plans range from 1,750 square feet to 2,400 square feet, officials previously said.

Construction, which is led by Kadean Construction, is scheduled for completion in November 2020.

“Almost all the condominiums in these buildings were pre-sold prior to the start of construction, which speaks to their quality and desirability,” John Pennington, partner and owner of Savoy, said in a statement.

It’s the latest condominium project from Savoy. Last year, it developed The Madison, a 12-unit luxury condo project, just a few blocks away.

The Barclay is currently the only multifamily project planned or under construction in the Kirkwood area, according to the latest research from Berkadia.

Source: St. Louis Business Journal