urbanSTL

Anyone with access to biz journals article able to reference any good tidbits and or any new information.  

https://www.bizjournals.com/stlouis/new ... -plan.html

The developer who last year purchased the AT&T Tower Wednesday disclosed plans for a $350 million redevelopment of the massive, vacant downtown St. Louis skyscraper, saying new subsidies being weighed by state lawmakers are critical to the project’s completion.

Here's what stood out to me:

-They want 25-30% of the cost covered in state tax credits.
-Their proposed amenities include a rooftop pool, rooftop bar and restaurant, indoor pool, fitness center, cigar lounge, movie theater, athletic courts, and panoramic views of the city.
-Mentioned grocery and pharmacy.
-Missouri Chamber of Commerce supports the bill.
-St. Charles County Executive Steve Ehlman says he supports the bill.
-No one testified in opposition.

Full plan.
“The building will be unlike anything St. Louis has ever experienced,” Goldman said. “Imagine walking into a grand atrium lobby, featuring a 30-foot floor to ceiling waterfall and watch as cars are transported in glass elevator shafts as you shop at the grocery or pharmacy.”

As normal DB one ups the Business Journal lmao.

Do they have any idea what retailers they will pursue? And what is their idea in demand for this? Seems like they're going for pretty high luxary.

Auggie wrote:As normal DB one ups the Business Journal lmao.

Do they have any idea what retailers they will pursue? And what is their idea in demand for this? Seems like they're going for pretty high luxary.

He always one up the business journal & along with a few others. I find the business journal to be negative about anything in the city I stopped my subscription with them years ago.


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Wait a minute..if the state legislature and the Kehoe administration come through with this enormous tax credit package to allow this project to proceed, will the anti-Jefferson City/"they're a bunch of fascists"/"Jeff City hates STL" faction, here on this site, change their tune at all?

I assure you, Mike Kehoe (born and raised in north STL), has been through much more personally in his life than 95% of the posters here.  He loves STL.  

But because he's white and made his fortune through hard work, he'll never get a fair shake here....

"50 stories"? I guess they're including the additional parking levels or something? 

Is it just me, or is the top of the building ill-suited for a rooftop pool?

Wait a minute..if the state legislature and the Kehoe administration come through with this enormous tax credit package to allow this project to proceed, will the anti-Jefferson City/"they're a bunch of fascists"/"Jeff City hates STL" faction, here on this site, change their tune at all?

I assure you, Mike Kehoe (born and raised in north STL), has been through much more personally in his life than 95% of the posters here.  He loves STL.  

But because he's white and made his fortune through hard work, he'll never get a fair shake here.

So Emo. Answer is no, I'll still think Jeff City is mostly bad or missing from Missouri Urban Policy

This is what jumped out to me from the article...

St. Charles County Executive Steve Elhmann also voiced his support for the legislation. Ehlmann, a Republican, said he generally doesn’t favor tax credits but believed the legislation will give a needed boost for the St. Louis region, saying that the population growth of St. Charles will fall off if the region continues to lose residents.

“Our prosperity is not going to last forever if we don’t get the rest of the region growing. Eventually everybody who wants to move to St. Charles will do that and then we’ll all be no growth,” said Ehlmann.

So, the St. Charles Count Exec. shows up to testify for a bill mainly benefiting Downtown St. Louis (and KC), saying very rational things, but neither Mayor Jones or Downtown Ald. Spencer appear to testify?  I'm guessing these absences were planned by the proponents of the bill, so only a local Republican can appeal to his brethren in Jeff City, and be the face of the bill.  Either way, good to see some regional thinking for Elhmann, this change of tone could be really beneficial for the region.

rheights wrote: ↑

Feb 06, 2025

Wait a minute..if the state legislature and the Kehoe administration come through with this enormous tax credit package to allow this project to proceed, will the anti-Jefferson City/"they're a bunch of fascists"/"Jeff City hates STL" faction, here on this site, change their tune at all?

I assure you, Mike Kehoe (born and raised in north STL), has been through much more personally in his life than 95% of the posters here.  He loves STL.  

But because he's white and made his fortune through hard work, he'll never get a fair shake here.

So Emo. Answer is no, I'll still think Jeff City is mostly bad or missing from Missouri Urban Policy

That’s what I figured.

whitherSTL wrote:

rheights wrote: ↑

Feb 06, 2025

Wait a minute..if the state legislature and the Kehoe administration come through with this enormous tax credit package to allow this project to proceed, will the anti-Jefferson City/"they're a bunch of fascists"/"Jeff City hates STL" faction, here on this site, change their tune at all?

I assure you, Mike Kehoe (born and raised in north STL), has been through much more personally in his life than 95% of the posters here.  He loves STL.  

But because he's white and made his fortune through hard work, he'll never get a fair shake here.

So Emo. Answer is no, I'll still think Jeff City is mostly bad or missing from Missouri Urban Policy

That’s what I figured.

Why would anyone give credit to Missouri legislature for passing a commonsense bill that was proposed, drafted, and advocated by Greater St. Louis Inc?

Sure. I’ll give them a point.

I’ll give them more points if they stop targeting voter approved initiatives like abortion, minimum wage, city police, weed, Medicaid, etc.

I’ll give them 200 points if they drop the alt-right social issues that are parallel to nazis.

Bet they can’t do it, because guess why…

addxb2 wrote: ↑

Feb 06, 2025

whitherSTL wrote:

rheights wrote: ↑

Feb 06, 2025

So Emo. Answer is no, I'll still think Jeff City is mostly bad or missing from Missouri Urban Policy

That’s what I figured.

Why would anyone give credit to Missouri legislature for passing a commonsense bill that was proposed, drafted, and advocated by Greater St. Louis Inc?

Sure. I’ll give them a point.

I’ll give them more points if they stop targeting voter approved initiatives like abortion, minimum wage, city police, weed, Medicaid, etc.

I’ll give them 200 points if they drop the alt-right social issues that are parallel to nazis.

Bet they can’t do it, because guess why…

I figured…predictable

dbInSouthCity wrote:Full plan.
“The building will be unlike anything St. Louis has ever experienced,” Goldman said. “Imagine walking into a grand atrium lobby, featuring a 30-foot floor to ceiling waterfall and watch as cars are transported in glass elevator shafts as you shop at the grocery or pharmacy.”

Ironically, this much detail didn’t convince me that they can get it done. Just makes it seem like even more of a challenge.


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whitherSTL wrote: ↑

Feb 06, 2025

Wait a minute..if the state legislature and the Kehoe administration come through with this enormous tax credit package to allow this project to proceed, will the anti-Jefferson City/"they're a bunch of fascists"/"Jeff City hates STL" faction, here on this site, change their tune at all?

I assure you, Mike Kehoe (born and raised in north STL), has been through much more personally in his life than 95% of the posters here.  He loves STL.  

But because he's white and made his fortune through hard work, he'll never get a fair shake here....

If he loves St. Louis, he will follow in Parson's footsteps and ask the state legislature to up the state transit funding and also ask them to provide some money for MetroLink expansion.

I don't think Kehoe is a fascist lmao. He was the normal Republican option in this past election. He is still a more business minded Republican, just like the state House's leadership is. The "Freedom Caucus" or whatever they call themselves are fascists.

With that being said, he did endorse a takeover of the police department with no evidence to support that position.

They'd also be pretty stupid to not pass tax credits for large vacant buildings. So if they want credit for doing the obviously correct thing (if they do), then I guess I'll give them a pat on the back? But it's a very low bar.

Kehoe endorses taxpayer funded private schools vouchers which is pretty fascist. He would turn over education to the church if he could - a hallmark of western fascism.

Vouchers are bad policy, but not facist. Best to save a word like that for when we really need it with this new administration. As for the project, it seems like more than what downtown can support but I guess there is no harm in trying. I would feel better about all these downtown projects if there was any kind of office job growth.

Shdks wrote: ↑

Feb 06, 2025

Vouchers are bad policy, but not facist. Best to save a word like that for when we really need it with this new administration. As for the project, it seems like more than what downtown can support but I guess there is no harm in trying. I would feel better about all these downtown projects if there was any kind of office job growth.

I think it's better to go all-in on residential conversions. The hope would be to attract residents to Downtown, perhaps by a combination of lower rents than other places or amenities not really because today there's enough people living in Downtown. I believe that's a better strategy that hoping for more office use. 

JaneJacobsGhost wrote: ↑

Feb 06, 2025

Kehoe endorses taxpayer funded private schools vouchers which is pretty fascist. He would turn over education to the church if he could - a hallmark of western fascism.

lol

I'm all in for residential conversion.  WFH = where you live is your office, meaning you don't leave an actual office and vacate DT at 5:01pm.

Shdks wrote: ↑

Feb 06, 2025

Vouchers are bad policy, but not facist. Best to save a word like that for when we really need it with this new administration. As for the project, it seems like more than what downtown can support but I guess there is no harm in trying. I would feel better about all these downtown projects if there was any kind of office job growth.

I think the point is less to rely on downtown "supporting" it and more to make it a pillar that downtown stands on. Quite frankly, I absolutely would live in this building if these are the amenities offered and I had the money. It's not likena generic apartment building that rely on other downtown amenities to attract people, it has the A+ amenities to attract people. Could theoretically be anywhere and still attract people.

I think that's more the goal. And probably is more viable than trying to rely on downtown itself.

Shdks wrote: ↑

Feb 06, 2025

Vouchers are bad policy, but not facist. Best to save a word like that for when we really need it with this new administration. As for the project, it seems like more than what downtown can support but I guess there is no harm in trying. I would feel better about all these downtown projects if there was any kind of office job growth.

Why save it? Half of Americans are fascist because they like fascism, for now.

addxb2 wrote: ↑

Feb 06, 2025

dbInSouthCity wrote:Full plan.
“The building will be unlike anything St. Louis has ever experienced,” Goldman said. “Imagine walking into a grand atrium lobby, featuring a 30-foot floor to ceiling waterfall and watch as cars are transported in glass elevator shafts as you shop at the grocery or pharmacy.”

Ironically, this much detail didn’t convince me that they can get it done. Just makes it seem like even more of a challenge.


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There is absolutely zero chance that this project is completed at the current scale they have proposed. Will either be significantly pared back or return to market in five years.

Jallen26 wrote:

addxb2 wrote: ↑

Feb 06, 2025

dbInSouthCity wrote:Full plan.
“The building will be unlike anything St. Louis has ever experienced,” Goldman said. “Imagine walking into a grand atrium lobby, featuring a 30-foot floor to ceiling waterfall and watch as cars are transported in glass elevator shafts as you shop at the grocery or pharmacy.”

Ironically, this much detail didn’t convince me that they can get it done. Just makes it seem like even more of a challenge.


Sent from my iPhone using Tapatalk

There is absolutely zero chance that this project is completed at the current scale they have proposed. Will either be significantly pared back or return to market in five years.

What is this developers track record? As I recall, nothing similar but do they have partners now?. It’s hard to have faith when bigger well funded developers couldn’t make it work.