2035 Lucas -- Intrada Lofts

roger wyoming II · PostMar 01, 2014#12014-03-01T13:56+00:00

Greg Johnson reports at nextstl that 2035 Lucas is set to become 57 units with a mix of studio thru 3 bedrooms:
http://nextstl.com/2014/02/57-unit-intr ... town-west/

This is the Downtown West building sharing a skybridge with the Adler. Yet more fantastic news; I also very much like the various offerings.... I don't think you see many three bedrooms. Its amazing to think what is in store.... is infill in the area far behind?

Gateway City · PostMar 01, 2014#22014-03-01T18:38+00:00

And hey, I was just recently looking for a 3 bedroom place!

roger wyoming II · PostNov 07, 2014#32014-11-07T02:25+00:00

Looks like this project may be off the table as the developers (the same cool folks from Springfield behind the Freedom's Place vets redevelopment on Delmar) are moving on to another location at a vacant school across Jefferson in Midtown.

At least according to a completely unreliable report from some shady character on nextstl.

PostNov 07, 2014#42014-11-07T15:55+00:00

Looking at my original post I realize how I was wearing rose-colored glasses earlier this year with respect to downtown residential. Since March we've only had the 5 unit project at 1214 Washington come into the picture as a completely new project (a likely full or partial conversion of 720 Market was already apparent by then).

Presbyterian · PostNov 07, 2014#52014-11-07T18:34+00:00

roger wyoming II wrote:At least according to a completely unreliable report from some shady character on nextstl.

Dang those Presbyterians.

PostMay 11, 2015#62015-05-11T01:58+00:00

Bump.

Unknown details (like developer, etc), but the project now includes the building adjacent to the north. The fact that the city is entertaining 20-year abatement indicates that this is a tricky project to finance... but that the city wants it to happen.

PostMay 11, 2015#72015-05-11T02:00+00:00

One building was listed for $625,000, the other for $1,250,000.

roger wyoming II · PostMay 11, 2015#82015-05-11T14:00+00:00

Presbyterian wrote:Bump.

Unknown details (like developer, etc), but the project now includes the building adjacent to the north. The fact that the city is entertaining 20-year abatement indicates that this is a tricky project to finance... but that the city wants it to happen.

I really, really hope this gets done as West Downtown West in particular needs a redevelopment boost. I don't have a problem with the 20 yr. abatement to get it done although I'd like to see something structured on the abatement side where schools benefit earlier. (Maybe 10 yr. 100% followed by 15 yr. 50%.)

stlien · PostMay 11, 2015#92015-05-11T15:09+00:00

Is that 10yr or 20 yr abatement for each building?

Presbyterian · PostMay 11, 2015#102015-05-11T23:55+00:00

The same abatement applies to both buildings. I think it is 100% for ten years followed by 50% for another ten years.

chaifetz10 · PostMay 12, 2015#112015-05-12T16:31+00:00

I'm 100% behind tax abatements if it means more residents downtown. Let's jump start downtown! If anything I'd like to see more to prime the pump on downtown reaidential. (Because with more residents will come better retail and some things were missing like a Walgreens, Target, etc...)

roger wyoming II · PostMay 12, 2015#122015-05-12T17:16+00:00

^ You may be interested in subscribing to my newsletter, sir! Also, more residents can't hurt chances for more corporations setting up shop.

imthewiz · PostMay 12, 2015#132015-05-12T22:48+00:00

^What's your newsletter?

roger wyoming II · PostMay 12, 2015#142015-05-12T23:14+00:00

^ Ha, just a joke.... I just have very similar beliefs on boosting subsidies for the time being. But maybe twitter?