Happened to be driving by this one today:
+2
Siding going on the west side - most of the back seems to be close to topping out too.
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I really think this is just the beginning for McRee and where it connects with Kingshighway and Vandeventer.
This is one of the reasons projects use LLC structures. Once the financing closes, all the money is in place and committed to the project. The Rail LLC (or whatever it is called), is a separate entity from Green Street. Green Street might stlll have someone on board or someone might have stepped in to execute the project as "developer", but real estate project and ownership entity is its own thing.
Typically, you think of the LLC structure sheltering the development company from individual project failure, but in this case it worked the other way around.
Typically, you think of the LLC structure sheltering the development company from individual project failure, but in this case it worked the other way around.
Sounds like Bar K is way behind on their rent. Anyone know what's up? Are they still open?
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Was just there last Saturday (9/1). Still open. Hot and stagnant day and still well attended, people buying lots of drinks. Can’t imagine it’s a money loser, but it is frickin HUGE.
Had a friend at a local dog park (not BarK), who was an experienced bartender and signed up to work there day one. Said the atmosphere was great, but it was so poorly managed from a food and beverage point of view that he had a two page list of things they were doing wrong, but not necessarily stuff the average customer would see. Place was leaking money (or leaving it on the table). Could chalk it up to early growing pains, but he left after 6 months or so when no changes were being made. He said the upper management was only really interested in the dog part, marketing and brand building (eg. the fun stuff), and the food and beverage (and the business in general) was an after-thought. Given the news, I'd assume a bunch of those problems still exist. I have gone a bunch and really enjoy it, so I hope they get things sorted out. Its pretty unique and a nice asset for the area.
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Yeah, of the dozen or so people we went with 6 had never been and were really impressed.
But that also speaks to their marketing and brand development not really getting out there locally.
But that also speaks to their marketing and brand development not really getting out there locally.
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Swung by and got some photos of this big one - looks to be leasing already also:
Nice that they did something there. It would have been nice if it faced the street. And there was less of a setback. Another drive-to island fortress I guess.
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Agreed with quincunx. I guess I’m left hoping that this development catalyzes more, better development in the future like happened around the Standard.
It's such an industrial area and so traffic heavy that I wonder how successful it'll be but I wish them well.quincunx wrote: ↑Nov 05, 2024Nice that they did something there. It would have been nice if it faced the street. And there was less of a setback. Another drive-to island fortress I guess.
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^yeah they really need to connect it to FPSE via Taylor and hopefully we see a shift similar to the Steelcote area... also desperately needs more and larger trees
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That sucks. I am surprised they weren't able to find a buyer from that other similar concepts operating around the country. Perhaps one of them will slide in to the space.
They also closed the Kansas City location. So I assume the KCRag forum will blame us.
I know someone that worked there for about 3 weeks. She described it as one of the worst managed places she's seen.
I know someone that worked there for about 3 weeks. She described it as one of the worst managed places she's seen.
https://www.bizjournals.com/stlouis/new ... space.html
Bar K to be replaced by a "pet emporium and sports bar". Tenants of The Rail apartments will get free membership.
There is no timeline for when it may open.
Bar K to be replaced by a "pet emporium and sports bar". Tenants of The Rail apartments will get free membership.
There is no timeline for when it may open.