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300 New Apartments for Carondelet

300 New Apartments for Carondelet

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PostJul 02, 2008#1

Developer planning $52 million apartment project in Carondelet

$5.5 million in TIFs sought to build or renovate nearly 300 apartments



By Jim Merkel

Friday, June 27, 2008 10:52 AM CDT



After developing 88 apartments on the far southern end of the city, a real estate and development company is seeking more than $5 million in tax increment financing to renovate and build nearly 300 apartments in the Carondelet neighborhood.



The project would cost $52 million, said Benjamin Simms of Steins Broadway, Inc., the developer.



“We think south Carondelet is the next hot spot,” Simms said.The company plans to build or renovate 292 apartments at five locations.


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PostJul 03, 2008#2

Pretty ambitious plans. I hope they can work the financing so that they can develop it a bit at a time. I doubt that Carondelet can support that many new units at once.

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PostJul 07, 2008#3

Just what we need more problems with parking here and more problem with crime.

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PostJul 07, 2008#4

Tonystl wrote:Just what we need more problems with parking here and more problem with crime.


Where are there problems with parking in Carondelet/The Patch?



Is new development synonymous with crime to you?



Edit: sarcasm?

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PostJul 08, 2008#5

Sorry Matt but have you tried to park on 7600 block of Virginia,,,Its almost impossible,,,especially when you have jerks that live next to you that have 3 or 4 vehicles and only 2 people that drive and also think they own the front of there house and pop peoples tires that try to park in front of there house.Maybe where you live you don't have that kinda problems but here we do.and far as housing i have no problem,,,as long as they are houses,,,i'm just saying if they are apartments,,,that would suck for parking unless they have a parking lot on premises.I have no problems with housing that is great for st louis we want that.big apartment complexes heck no!

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PostJul 08, 2008#6

This isn't a big apartment complex. It's a scattered site development mostly consisting of rehabs.

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PostJul 08, 2008#7

Tonystl wrote:Sorry Matt but have you tried to park on 7600 block of Virginia,,,Its almost impossible,,,especially when you have jerks that live next to you that have 3 or 4 vehicles and only 2 people that drive and also think they own the front of there house and pop peoples tires that try to park in front of there house.Maybe where you live you don't have that kinda problems but here we do.and far as housing i have no problem,,,as long as they are houses,,,i'm just saying if they are apartments,,,that would suck for parking unless they have a parking lot on premises.I have no problems with housing that is great for st louis we want that.big apartment complexes heck no!


Sorry, but I don't understand the whole parking-space colonization complex that goes on in St. Louis. It's a public street. People have visitors. Walking is good for you. That goes for your tire-popping neighbors and you.



If you're handicapped and require the out-front space, you should designate the spot as such with the city.



Where my parents lived in Bevo, the bar down the street made it impossible to park on weekends. I'd have to either park far down the street or on the next one---or consider not taking the car at all.



In New Orleans, I live in the French Quarter. I don't own or have access to a car anymore. I carry groceries eight blocks. But I love city living. It may just be me.



Now, if you're constantly harassed walking from your parking space to your house, that's a different issue. But if you're an able-bodied male with an at least neutral relationship with the neighbors, you should be fine parking down the block and walking, right?

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PostJul 11, 2008#8

Steins-Broadway seems to be a great addition to the neighborhood. My roommate and I checked out their properties all along Broadway and throughout the Carondelet neighborhood. They are doing some quality work with the units on Broadway, and also have commercial space available at street level. They also own about 95% of the empty lots along Broadway in the neighborhood, and were planning to build townhouses, and they also mentioned a pool area for residents. I was also informed that a couple people have moved out since those plans never materialized. So, could go either way.

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PostJul 11, 2008#9

All of this uncertainty in our economy makes me cautiously optimistic about every new development announcement. I really hope this goes through, though, because I believe there's a lot of untapped potential in Carondelet.

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PostJul 12, 2008#10

Apartments are much easier to develop in a market like this. I think they can pull it off. May take a while, but it should happen.