I've also been rooting for its replacement. If they can do some significant alterations to the podium to more actively engage the streetscape, this could still be a win. Just a rehabbed and occupied building is much better than vacant, but the way this building meets the sidewalk and street level leaves me wanting so much more.
Upcoming review: 111 & 121 South Meramec Avenue - Conceptual Review – New Mixed-Use
Consideration of a request by Michael Knight of Revive Capital Development, Applicant, for
conceptual review of a proposed mixed-use residential and commercial development
The project will be a historic tax credit redevelopment of the former 7Up world headquarters into a class A mixed use residential high rise and be placed on the national registrar of historic places.
The project will be a historic tax credit redevelopment of the former 7Up world headquarters into a class A mixed use residential high rise and be placed on the national registrar of historic places.
jshank83 wrote: The project will be a historic tax credit redevelopment of the former 7Up world headquarters into a class A mixed use residential high rise and be placed on the national registrar of historic places.
Didn't even realize it has been vacant for 17 years. Looks like a good plan. Really close to MetroLink as well.
I do wonder what sort of rates they're looking to charge though, since they're not adding things like balconies and such. Outwardly, based on what they're describing, this is going to be more mid-range somewhat microunit. Could it possibly be an affordable-ish community??
Upcoming review: 111 & 121 South Meramec Avenue - Conceptual Review – New Mixed-Use
Consideration of a request by Michael Knight of Revive Capital Development, Applicant, for
conceptual review of a proposed mixed-use residential and commercial development
The project will be a historic tax credit redevelopment of the former 7Up world headquarters into a class A mixed use residential high rise and be placed on the national registrar of historic places.
Clayton city officials will review a plan from KC developer Michael McKnight to redevelop the former 7up headquarters building into “luxury” apartments. From the article, it sounds like retail will not be an aspect in this development.
I guess with the historic credits they won't be increasing the size of the windows which is tough. Also that front podium would make a fantastic brunch patio, it's a shame they aren't pursuing any retail.
I guess with the historic credits they won't be increasing the size of the windows which is tough. Also that front podium would make a fantastic brunch patio, it's a shame they aren't pursuing any retail.
That was my first thought on this project, not a lot of natural light for modern apartments.
Regardless, happy to see it reutilized for more housing.
"Redevelopment of former 7UP headquarters advances: A proposal for redeveloping the former 7UP headquarters cleared another hurdle this week. The Clayton City Council approved the first reading of an ordinance authorizing up to $60 million in taxable industrial revenue bonds to help finance the conversion of the building at 121 S. Meramec into 118 market-rate apartments with ground-floor office space. The bonds would be repaid through project revenues and would not constitute city debt or be backed by taxes. The financing structure would allow the project to receive temporary property tax abatement in exchange for negotiated payments in lieu of taxes to local taxing districts. “In the five years I’ve been on the council, we have considered but not moved forward with any tax incentives like this,” Ward I Councilmember Becky Patel said during the meeting. “I think that, as we reviewed this project [and] the opportunity that the developer is bringing, it’s actually a really great example of how we can work together to increase productive use of the city of Clayton. For me, the things that make this easy to say yes to are that we are reusing an existing building, which I think is wonderful. I would love to see that happen with a lot of our buildings going forward.” Clayton City Ventures LLC, an affiliate of Revive Capital Development, purchased the building and an adjacent lot from the St. Louis County Port Authority for $3.8 million in 2023. The ordinance received its first reading Tuesday and is expected to return to the council for final approval."
