What Pier Property Group does

Pier Property Group (PPG) is a privately held, St. Louis-based real estate development company founded in 2016 by Michael Hamburg, with a single corporate office in St. Louis (1034 S Brentwood Blvd) and a headcount reported at 1-10 employees. The firm acquires, develops, rehabilitates, and manages multifamily residential and commercial properties, with a specialty in adaptive reuse of historically significant structures alongside luxury new construction.

PPG's active portfolio includes ten documented projects: Woodward Lofts (164 units), Steelcote Lofts (33 units), Steelcote Crossing (15 micro lofts), Steelcote Flats (105 units), The Flats at Dorsett Ridge (214 units), The Flats at Wildhorse Village (266 units), The Terraces at Wildhorse Village (70 townhomes), The Edwin on Grand (a 196-199 unit mixed-use building anchored by a 70,000 sq ft Target store), The Flats at Forest Park (144 units), and the Rock Spring School commercial office conversion. Total disclosed project capitalization exceeds $155 million across the four largest builds (The Edwin on Grand at $60M, Flats at Dorsett Ridge at $45M, Woodward Lofts at $40M), with The Flats at Wildhorse Village involving an 80-acre master development.

The business model centers on long-duration real estate development and management: the company purchases or contracts for underutilized and historic structures, deploys Federal Historic Tax Credit equity alongside conventional and creative financing structures, and monetizes completed assets through rental income. Residential units generate recurring rent; commercial components (ground-floor retail bays, the Target anchor, the Rock Spring School office) contribute additional lease revenue. Distribution is direct: on-site property management teams lease units via property-specific websites, with major announcements amplified through St. Louis Post-Dispatch and St. Louis Business Journal earned media. PPG has no public revenue disclosure, no disclosed funding rounds, and operates as an independent private entity controlled by its founder.

Name

Pier Property Group

Legal name

Pier Property Group

Website

https://pierpropertygroup.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Pier Property Group is a private St. Louis real estate developer founded in 2016 that acquires, develops, rehabilitates, and manages luxury multifamily and commercial properties, specializing in adaptive reuse of historic structures using Federal Historic Tax Credits.

Ownership category

akta.pro rank

Headquarters

HQ city

Rochester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development: Development of multifamily residential apartments and commercial properties for lease. Revenue generated through rental income from residential units and commercial tenants, including anchor stores like Target.
2. Property Management: Ongoing management of developed properties generating recurring rental revenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Pier Property Group acquires, develops, renovates, and manages multifamily residential apartment buildings and commercial properties, with a specialization in adaptive reuse of historic structures and luxury new construction. The company generates revenue primarily through long-term rental income from its owned portfolio of approximately ten distinct properties in the St. Louis metropolitan area, financed in part via Federal Historic Tax Credits and public/private partnerships.

Product overview

Pier Property Group (PPG) is a private real estate development company that focuses on the acquisition, development, renovation, and management of commercial buildings. The portfolio consists of multiple distinct residential and commercial properties: Woodward Lofts (164 units historic loft conversion), Steelcote Lofts (33 units), Steelcote Crossing (15 micro lofts), Steelcote Flats (105 new construction units), The Flats at Dorsett Ridge (214 units), The Flats at Wildhorse Village (266 units), The Terraces at Wildhorse Village (70 townhomes), The Edwin on Grand (199 units with Target anchor), The Flats at Forest Park (144 units), and Rock Spring School (commercial office conversion). The company specializes in adaptive reuse of historical structures and new construction luxury apartments, operating primarily in St. Louis, MO and Chesterfield, MO.

Differentiator

Problem solved

Functional benefit

Products and services

• Woodward Lofts Historic rehabilitation of the Woodward and Tiernan Printing Company building at 1519 Tower Grove Avenue in St. Louis. The 250,000 square foot building accommodates 164 apartment units, 175 indoor tempered parking spaces, and two retail bays. Amenities include oversized window bays, terrazzo floors, quartz countertops, private courtyards, tall ceilings, two-story loft units, rooftop deck with pool and grilling station, fitness center, dog park and dog washing station.
• Steelcote Lofts Historic rehabilitation of the Steelcote Manufacturing Paint Factory building at 801 Edwin Street in St. Louis. The 42,000 square foot building accommodates 33 units and 15 indoor tempered parking spaces. Amenities include oversized window bays, polished concrete floors, stone countertops, two-story loft units, rooftop deck with panoramic views and grilling station, and lobby lounge.
• Steelcote Crossing Historic rehabilitation of the Columbia Oil Company Building at 7 Steelcote Square in St. Louis. The 17,000 square foot building accommodates 15 micro loft units and ground floor microbrewery or distillery space. Amenities include oversized floor-to-ceiling window bays, polished concrete floors, stone countertops, unobstructed views of downtown St. Louis and immediate access to Saint Louis University.
• Steelcote Flats Five and six story building containing 105 new construction apartment units with retail and structured parking below. Amenities include rooftop pool deck, fitness center, dog park, business center, skyline viewing deck, bike storage, and expansive balconies. Units feature efficient floor plans, unobstructed views of downtown, and high-end finishes such as stone countertops, tile shower surrounds, and custom flooring.
• The Flats at Dorsett Ridge New construction mid-rise building with 214 units and four-stories of structured parking. Located 0.5 miles west of the Dorsett/I-270 intersection in Maryland Heights near Creve Coeur Lake. Class A luxury amenities include resort style pool, outdoor game surface, grilling stations, state-of-the-art fitness center with yoga/cycling room, dog park, dog spa, business center, bike storage, and expansive balconies. Units feature efficient floor plans, unobstructed views, fiber wireless internet, and high-end finishes such as stone countertops, stainless steel appliances, tile shower surrounds, and custom flooring.
• The Flats at Wildhorse Village Multifamily portion of the Wildhorse Village 80-acre master development in Chesterfield, MO. Contains 266 luxury apartment units on four floors surrounding an oversized resort style pool and activity deck. Building amenities include fitness center with yoga/cycling room, dog park, pet spa, business center, and bike storage. Units feature oversized balconies, unobstructed lake views, fiber wireless internet, and high-end finishes such as quartz countertops, stainless steel appliances, tile shower surrounds, and custom flooring. Building wraps a 400-space parking structure. Completed in fall 2023.
• The Terraces at Wildhorse Village Phase II of the multifamily portion of the Wildhorse Village 80-acre master development in Chesterfield, MO. Contains 70 luxury rental brownstone/townhomes with three stories of spacious living, three bedrooms, three and a half bathrooms, and two-car private tuck under garages. Residents have access to Phase I amenities including fitness center with yoga/cycling room, dog park, dog spa, business center, and bike storage. Units feature oversized balconies, unobstructed lake views, fiber wireless internet, and high-end finishes such as quartz countertops, stainless steel appliances, tile shower surrounds, and custom flooring. Construction completed in early 2024.
• The Edwin on Grand Mixed-use building in Midtown St. Louis anchored by a 70,000 square foot Target store with 199 luxury apartments above. Features rooftop pool with unobstructed views of downtown St. Louis, fitness center, lounge, pet spa, and fully amenitized high-end living spaces. Building connects the Steelcote Square District to Grand Boulevard by extending Papin Street. Completed in early 2024.
• The Flats at Forest Park Located at corner of N Kingshighway Boulevard and McPherson Avenue in St. Louis, part of the Holy Corners Historic District. Project entails expanding the existing two-story concrete structure to the east and building a new five-story residential building above. Building will boast 144 luxury apartment units with 152 tempered garage spaces below. Building amenities include fitness center with yoga/cycling room, dog spa, business center, and bike storage. Units feature oversized balconies, skyline and Forest Park views, fiber wireless internet, and high-end finishes such as quartz countertops, stainless steel appliances, tile shower surrounds, and custom flooring.
• Rock Spring School (Commercial Office) Historic rehabilitation of the Rock Spring School Building at 3974 Sarpy Avenue in St. Louis into commercial office space. The approximate 20,000 square foot building was designed by William B. Ittner and originally constructed in 1898. Unique design provides four classrooms on each of four floors, all with at least two walls of window exposure. Provides flexible office space with restored original terrazzo and wood flooring, common conference and gathering space, unobstructed views of downtown, unique highway exposure, and secure parking.

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• TargetcoreStrategic or Co-development Partner · 1 July 2023Target Corp serves as anchor tenant for The Edwin on Grand development. Target plans to open a 70,000 sq ft store in July 2023 at Pier's new development The Edwin, a proposed 196-unit apartment project. This marks Target's second location in St. Louis and its 21st in the metro area. Target anchoring the $60 million development provides major credibility and foot traffic for the mixed-use project.

Scale indicators13 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Koman Group: St. Louis-based real estate developer focused on multifamily, mixed-use, and historic-rehabilitation projects in the urban core. Closest geographic and product-market peer to Pier Property Group, including adaptive reuse and Class A multifamily.
• McCormack Baron Salazar: National urban-infill developer specializing in mixed-income and market-rate multifamily, frequently converting historic and obsolete structures. Comparable to PPG's combination of historic rehabilitation and new-construction luxury product.
• DG Real Estate Partners: St. Louis-focused multifamily developer and investor active in adaptive reuse and Class A urban infill. Strong geographic and product overlap with PPG's St. Louis portfolio.

Broad incumbents

• Alliance Residential: Large national multifamily developer focused on Class A urban and suburban apartment communities. Comparable product positioning in luxury apartments but at institutional scale.
• Mill Creek Residential: National multifamily developer building Class A apartment communities across U.S. markets. Comparable in delivering amenity-rich luxury apartments but with broader geographic footprint and far larger team.
• RangeWater Real Estate: National multifamily developer and operator with a portfolio of Class A garden-style and mid-rise apartments. Comparable Class A product offering and amenity strategy, though at larger scale.
• JLB Partners: Multifamily developer focused on Class A luxury apartments in Sunbelt and Midwest metros. Comparable luxury product positioning, particularly around amenity packages and unit finishes.
• Trammell Crow Residential: National multifamily developer (subsidiary of Crow Holdings) delivering Class A apartments across major U.S. metros. Comparable amenity-rich luxury product and mixed-use capabilities, much larger scale.
• Wood Partners: Large national multifamily developer delivering Class A apartments across multiple U.S. metros. Comparable on luxury new-construction product and amenitized living, though at meaningfully greater scale than PPG.
• Toll Brothers Apartment Living: Multifamily arm of Toll Brothers developing Class A luxury apartments in urban and suburban locations. Comparable luxury positioning and amenity-rich product strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pier-property-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pier Property Group