SLU Area Student Housing Hits Market, Owners Pivot to Tex-Mex

The St. Louis business landscape is buzzing with activity, including a significant real estate development near Saint Louis University. The McGowan Brothers are placing their student housing complex, formerly the Ramsey Manufacturing building, on the market as they strategically shift their focus toward expanding their Tex-Mex restaurant ventures.

Key Details of the Student Housing Sale

The student housing complex, which was originally the Ramsey Manufacturing building, underwent a conversion to apartments in 2009. Located conveniently near Saint Louis University, it has served as student accommodation for over a decade. The McGowan Brothers’ decision to sell marks a notable pivot in their business strategy, as they aim to dedicate more resources to their growing restaurant operations.

This move highlights the dynamic nature of real estate investment and entrepreneurship in St. Louis, where businesses continually evaluate and adapt their portfolios. Potential buyers will be looking at a well-established student living facility with a proven track record, offering an immediate opportunity in the university housing market.

St. Louis Business Scene: A Snapshot

Beyond this significant real estate listing, St. Louis continues to demonstrate a vibrant and evolving business environment across multiple sectors. From high-stakes corporate maneuvers to local events shaping the city’s future, there’s a lot happening:

The investment by Edward Jones into tech startups, for instance, underscores St. Louis’s growing prominence as a hub for innovation and entrepreneurship. Meanwhile, the expansion of a major law firm and the corporate leadership changes in public companies reflect ongoing professional and executive movement within the region.

Engage with St. Louis’s Future: Downtown – The Path Forward

Looking ahead, the “Downtown – The Path Forward” event on Tuesday, December 9, 2025, offers a prime opportunity for local stakeholders to connect and discuss the trajectory of downtown St. Louis. This gathering will feature leaders charting the course for the city’s urban core, providing valuable insights into upcoming developments and strategies for growth. Registering for this event is a great way to stay informed and involved in shaping the future of our community.

Frequently Asked Questions About St. Louis Business

• What is the main news regarding commercial real estate in St. Louis?
  The McGowan Brothers are selling their student housing complex near Saint Louis University, formerly the Ramsey Manufacturing building.
• Why are the owners selling this student housing property?
  The McGowan Brothers are shifting their business focus to expand their Tex-Mex restaurant operations.
• Where can I find regular updates on St. Louis business news?
  The St. Louis Business Journal provides comprehensive coverage, including an “Arch City Report Podcast” for weekly insights into major stories.
• Are there significant upcoming business events in St. Louis?
  Yes, the “Downtown – The Path Forward” event on December 9, 2025, will feature discussions with leaders guiding downtown St. Louis’s development.
• What does the recent news indicate about the St. Louis tech scene?
  News of a bidding war for a pharma firm and a financial giant like Edward Jones investing in tech startups suggests a robust and growing technology and innovation sector in the region.

As St. Louis continues to evolve, keeping an eye on these varied business developments, from student housing sales to tech investments and critical community events, offers valuable insight into the city’s economic health and future direction.

SLU Area Student Housing Hits Market Owners Pivot To TexMex