In early 2023, the Hugo-Stritzel Company was founded by Chris Stritzel and Anthony Hugo with the goal of redefining what’s possible in real estate development. Coming from different backgrounds, our experience allows us to collaborate with one another to create memorable products and experiences while reflecting each community we invest in. To learn more about the both of us, and our backgrounds, click the “Team” button below.

We’re focused on investing in often overlooked markets across Missouri and Kansas. Within these areas, we see opportunities to invest in creating the next generation of quintessential American communities. Focusing on preserving what currently exists, and building new structures that enhance the future, we believe in transforming these secondary and tertiary markets into something that’s highly desirable and well-loved by everyone.

Right now, our 5-year plan contemplates a series of project types ranging from rental multi-family apartments to for-sale single-family houses, boutique hotels, and small-format office and retail buildings. We believe that our offering will enhance the communities we invest in without ever pushing anyone out.

In regards to rental housing, when we say “market-rate”, we mean rental housing for the middle-class. We don’t foresee developing any “luxury” product for the foreseeable future.

For-sale homes will be offered at market prices in their respective neighborhoods and communities. Our homes will offer buyers the finishes they’ll come to expect from our products.

Both the rental apartments and for-sale housing options will be offered simultaneously beginning in year 2 (2025) and continuing onward from there.

Our first new-construction projects will revolve around mixed-use housing and small commercial spaces. Think along the lines of Oklahoma City’s Wheeler District “shop homes”. Our working concept calls for small retail bays offered at more affordable rates topped by two-stories of housing (all rental apartments) and clad in brick. Parking would be included in the rear or on the street. The goal is for these buildings to be lovable and enhance their neighborhoods for generations to come with more housing and places for new businesses to start up, stand out, and stay.

Hotel and commercial developments will occur towards the end of the initial 5-year plan and their scope will be determined based on market demand, potential for partnerships, and potential build-to-suit requests.

Unfortunately, the cost to build residential units is the same whether you build a market-rate apartment or an affordable apartment. In larger-scale developments, where the costs of building affordable apartments can be spread across the other market-rate apartments, we will consider it. Including such apartments will more likely than not result in a tax incentive request to help balance our finances.

It all depends on the project’s type, scope and location. Numerous factors play into the tax incentive/subsidy request and it all comes down to making finances work. Because we’re a small firm with no backside revenue, most of our early projects will seek a tax abatement, historic tax credit, or a Brownfield tax credit (or a combination of the three) to make financially viable. Later down the line, different types of incentives will be on the table that’ll help us deliver a product that benefits the community.

At the end of the day, it all comes down to economics and our ability to deliver the standard of projects we will be known for.

At this time, this isn’t possible as we don’t have any properties in our portfolio to house your business. However, it is in our 5-year plan to deliver properties with space for your business and we look forward to offering those spaces. In the meantime, we’d be more than happy to send you in the direction of our trusted friends to fulfill your request. Simply contact us and we’ll be in touch.

Absolutely! Our unique experiences are available as services to other developers looking to invest in Kansas City, St. Louis, or any of the overlooked markets we choose to invest in. We offer site selection, entitlement, design, and marketing services to other developers. Whether you’re just starting out, or are a well-established firm looking to invest in a new market, we’re happy to help you achieve your goals.

For inquiries, please email Chris@HugoStritzel.co.

We believe that the development process should be as transparent as possible. This involves engaging with our neighbors early on and working with them throughout the design and pre-development process to deliver a product that they can be proud of after we complete it. We value any ounce of feedback that’s provided and we encourage it during public meetings.

There are some aspects of the development process that we have to keep under wraps for obvious reasons, but there are some aspects that we’re willing to let the public see. Such aspects that will be open and transparent include project design (if new-construction), parking situations, building size, usage, and pro-formas (typically will be shared if we seek an incentive for a project).

We’ll also notify the public about public hearings and meetings regarding our projects so that everyone has the opportunity to see what’s planned. If a neighbor is unable to make the meeting, we will happily provide the presentation/packet presented at the meeting and will answer any questions you may have.

We promise to build trust and unity with our communities, not sow division.

Yes. In fact, you can expect us to push for the reintroduction of single-stair flats (think old-fashioned first-floor commercial + 2nd and 3rd floor residential), looser zoning laws (allow 2-6 family buildings in popular, and predominantly, single-family zoned neighborhoods), lower parking minimums (or the outright elimination of parking minimums in the densest, most walkable parts of our cities where nearby parking is plentiful), and minimum street frontage requirements (more commercial space where logical - or the introduction of walk-up units).

In more suburban environments, we won’t put for such drastic changes and will instead work around the current situation to deliver a great product.

Our intent is to preserve every historic building that we can and only use demolition as an absolute last resort. In new-construction developments that feature historic buildings on the property, we will do our best to weave around them and integrate them into something better. In the event we cannot maintain the historic structures themselves, we will preserve the facades and integrate them into the new building.

When possible, we’ll try to get our historic buildings listed on the National Register of Historic Places, or the State equivalent, in order to seek Historic Tax Credits (HTCs) and preserve them for decades to come.

Yes, and we’re happy to discuss more. Investors may contact Chris@HugoStritzel.co or Anthony@HugoStritzel.co to inquire about investing in our upcoming developments, or being placed on a wait list.

As for targeted returns, they vary depending on the market the development is planned in. We hope to deliver a minimum 8%-10% return on investments compounded over a set period of no more than 6 total years.