What is the price of a Maltese house today? $ 2.8 million if a deal expires on Friday. Generation development completed the acquisition of the American Malting Company Malthouse inside the Silo City complex by Rick Smith. The developer is moving forward with plans for a reusable project that will create a commercial and residential space.
Silo City was built in the early 1900s and consists of six historic buildings. Malthaus was built in 1906 on the 139 Buffalo River and served as the American Flour Mill and Warehouse Company.
Generation Development, based in Miami, has 158 one-bedroom apartments on the first floor and on the upper floors. Carmina Wood Morris designed the project. Since the American Elevator Complex is already registered in the National Register, the Department of Homeland Security is committed to the application of historic tax credits.
In the long run, the developer plans to revitalize much of the Silo City site to create 400 homes, offices, shops, exhibitions and galleries.