The Marigold (Waterman and Clara)
Real Estate Wholesale Investor LLC
City of St. Louis, Missouri
4th Street is the Master Developer
4th Street Partners is working on a plan for a 4-story, 54-unit apartment building at Waterman and Clara (5612 Waterman) in the DeBaliviere Place neighborhood of St. Louis. This proposal is the 4th proposal in recent history for this parcel. 4th Street believes that the latest proposal will add to the neighborhood and city through increased density and increased property values. Additionally, the project will not seek tax incentives, contributing money to the City's tax rolls for services such as the schools, public safety, and roads.
The schematic design architect is Duncan Architecture of South St. Louis City.
Learn more about the project below.
The Marigold was designed with the DeBaliviere Place neighborhood in mind.
From the color of the brick to the height and to the planned landscaping, the Marigold pulls from examples in the neighborhood to create a modern take on classic apartment building design.
The Marigold consists of 54 apartment units with all units consisting of either a studio or one-bedroom configuration. The formal breakdown of the units is set at 31 studios and 23 one-bedroom units. The average unit size will be 523sf for studios and 604sf for one-bedroom units. All Waterman facing one-bedroom units will have access to a balcony while studios on the backside of the building include Juliet balconies. Only 3 units, all studios, will not have access to an outdoor space and those units face Waterman. The first floor will consist of 12 apartments while the upper floors will consist of 14 apartments each. Rents at the Marigold will be market-rate.
The main level of the building features a mailroom accessed as soon as you walk through the Marigold's front door.
The Marigold includes a 55-space underground parking garage accessed from Waterman with 10 bike parking spaces available in the garage. Due to no alley on site, the garage will be accessed from a new curb cut. This parking garage also includes the trash room. Parking will be available for residents only.
As for in-building amenities, like a fitness center or resident lounge, the Marigold will not feature any due to the site's limited size as a result of setback and height regulations.
Note to our neighbors: This page will be updated pending project approval. Additionally, a timeline will be provided via email so that everyone knows what to expect from construction.