Royalty wrote:
Views may sell residential property, but not office. Not in the same way anyways. Location, cost, amenities, practicality sells office space.
Views can definitely sell office space; if it makes sense for the particular tenant and timing is right.
Royalty wrote:
The only way new office space is being built in STL (not rehabbed - built) is if a major company wants their own building downtown.
Yesterday I heard KMOX is giving away a Cardinals package with parking in "Ballpark Village" ... really? Is Ballpark Village REALLY a place yet... I thnk not. Stop calling it Ballpark Village until it is something.
^No question. I am starting to wonder why "Eminent Domain" isn't coming into play here. (Not really, just making a point.)
Seattle has just had this proposed directly adjacent to the Seahawks stadium downtown.
Not saying it is the best design I have ever seen, but something along these lines would sure make for nice contrast if it was built into Cupples Station.
vil·lage (vlj)
n.
1. A small group of dwellings in a rural area, usually ranking in size between a hamlet and a town.
2. In some U.S. states, an incorporated community smaller in population than a town.
3. The inhabitants of a village; villagers.
4. A group of bird or animal habitations suggesting a village.
vil·lage (vlj)
n.
1. A small group of dwellings in a rural area, usually ranking in size between a hamlet and a town.
2. In some U.S. states, an incorporated community smaller in population than a town.
3. The inhabitants of a village; villagers.
4. A group of bird or animal habitations suggesting a village.
Bird = Cardinals = Village.
Vision fulfilled.
-RBB
Brilliant. DeWitt should give you six-figures and put you in front of a microphone.
Looks like the newest version of Ballpark Village is ready for public viewing.
The Cardinals this afternoon are set to provide an update on their development plan for the long-awaited project to the city board that oversees its incentives. A public hearing will be set for July 5 for the development.
"Likely will not include any office or residential component."
What's the point? At least change the name to Ballpark Mall. Or maybe Ballpark Bar and Grill. Or Ballpark Garden. Just compete directly with other public installations already in existance. Great use of $$.
"We have an amazing free already built space that serves the exact same purposes."
^Yeah I was expecting worse. Glad they are doing the infrastructure for the whole site right off the bat. Although it appears as though we are going to get even more parking.
It appears as though this version re-connects the street grid better than the last plan. The only break in the grid in this plan appears to be the rotunda in front of the "live" portion of the project. That is definitely a plus I guess.
This is laughably embarrassing. If what is currently planned happens, we're looking at another Power & Light district. I mean, these are the same exact retail tenants/partners from what, 2006? This may be the saddest proposal I've ever seen.
I still can't comprehend why DeWitt/Cardinals don't do a condo tower mock up for the south east corner overlooking the ballfied, some floor plans and renderings of the view, flyers and have a couple gals in Cardinal Jerseys at every single home game pushing the idea (yes, I know it is sexist). How many developers would love to have a sales office with the potential of 3 million buyers coming through its doors
Might be cheesey, might be small ball for Cordish, might be confused for a Branson time share from time to time but it will probably meant enough pre-lease sales to get one of the residential towers financed by now.
While its not the same situation, I'd imagine they're a little weary about starting with residential after seeing what has happened with Roberts Tower.
^ Eh, I think the Roberts Tower failed because of mismanagement more than the economy; look at other residential developments in or near downtown that have switched to rentals and are thriving.
Short of the original plan with multiple 20+ story towers, isn't this pretty much what everyone was wanting? They're building all the infrastructure and a couple of low-rise buildings to kickstart development, then offering the rest of the land over to private investors to come in and build organically (with much of the site prep-work already done, no less).
I see this as a much more preferable plan than a canned vacation-destination-in-a-box approach that may or may not relate to its surroundings. The Cardinals have deservedly taken flack for years over their approach to Ballpark Village. While this plan is not perfect, it's a pretty good start and I personally think they deserve credit for the change in direction.
As a downtown resident, I assure you there is tons upon tons of vacant apartments and loft space downtown, and commercial office occupancy is not anywhere near up to full either. There simply is no demand for the mass tenancy of residential and commercial that a lot of you seem to envision. Building a building for that sort of thing in this era would be akin to dumping bags of their money into the Mississippi. I must admit, I have to chuckle a little to myself every time I see people throw around the term "mixed-use residential/commercial" calling for more of it like it would solve all of downtown's woes.
Frankly, they seem to be well on their way to getting tenants, they're apparently financing it all almost entirely by themselves, and it will be more stuff to do downtown, which I am always in favor of because it makes me want to live in St. Louis (see, why I also want them to update the convention center, keep the Rams, etc.). I am in favor of it for all three of those reasons. Glad to see it happening.
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