Elmwood Park-based Aptitude Development is set to develop the Marshall St. Louis, a 508- bed development across from Saint Louis University.
Aptitude is the brainchild between the principals of BLVD Equities, Rosen Property Group and Westerleigh Property Group. The real estate development firm builds ground-up student housing in strategically selected cities throughout the country.
The Marshall St. Louis will be the 10th ground-up development for Aptitude since its inception in 2014 and the seventh iteration of its Marshall brand.
Construction will begin this spring and be completed for fall 2025. Amenities at the property will include an expansive hot tub, best-in-market fitness facility, gaming lounge, collaborative and individual study lounges, café areas and fire pits. The Marshall will have two-story, five-bedroom townhouses on its top floors, offering some of the most unique living opportunities in the market.
“We are excited to expand our brand and bring this exciting project to the Saint Louis University market. SLU has seen strong growth of its enrollment and the supply of quality off-campus student housing has not kept pace,” Jared Hutter, founder of Aptitude Development, said. “The proximity to campus and to the adjacent City Foundry development make this an incredible opportunity for both Aptitude and, ultimately, the students who will live there.”
The City Foundry, located right next door, is a neighborhood-transforming mixed-use development with retail, restaurants, office space and residential units that locally brings much needed offerings to the SLU area as well as the adjacent Cortex Innovation District.
Aptitude has an expansive pipeline of more than 10,000 beds planned from coast to coast and is currently adding to its internal staffing to accelerate its development pipeline. Aptitude uniquely offers investors the opportunity to invest directly into its deal rather than having to go through a fund model.
