Damn.
Is anyone here familiar with the KC Power and Light District Cordish is doing? I know it's supposed to have retail, residential, and office as well. How much has it changed from the original renderings? Is the residential component currently under construction?
If someone has legitimate information on this, we may get a better idea of what we can expect out of Cordish from the renderings provided.
If someone has legitimate information on this, we may get a better idea of what we can expect out of Cordish from the renderings provided.
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metzgda wrote:Is anyone here familiar with the KC Power and Light District Cordish is doing? I know it's supposed to have retail, residential, and office as well. How much has it changed from the original renderings? Is the residential component currently under construction?
I drove by it on Saturday, and it looks like the only buildings currently under construction so far are some low-rise retail buildings. My buddy in KC tells me that they're behind schedule. The new H&R Block HQ and Sprint Center look awesome - once Cordish's development is done, that is going to be a really cool district.
It seems like the demand for 20-25 story residential towers is real, but I don't know how big the demand is for new office towers in BPV.
Ha, too bad the developers don't seem to be keen on building the residential towers because they're not sure the market supports it. So that must mean Cordish can just build a place for restaurants and shops!keef227 wrote:It seems like the demand for 20-25 story residential towers is real, but I don't know how big the demand is for new office towers in BPV.
But really, it'd be nice if there was a Wiki for all this development stuff so we'd know exactly what was what without having to go through 150 pages to figure out what the official plans are for a given project.
innov8ion wrote:
But really, it'd be nice if there was a Wiki for all this development stuff so we'd know exactly what was what without having to go through 150 pages to figure out what the official plans are for a given project.
If only we knew what the official plans were. I mean for the first phase, we obviously know what the master plan is envisioned as.
Ballpark Village developer sees delay in Kansas City
ST. LOUIS POST-DISPATCH
08/05/2007
When the St. Louis Cardinals were looking two years ago for a firm to redevelop the long-neglected section of downtown around Busch Stadium, Cordish Co. was a slam dunk.
The company, based in Baltimore, had plenty of success revitalizing aging urban core areas and has won six Urban Land Institute awards for redevelopment projects. And it was impossible not to notice how efficiently and successfully Cordish was pulling together a $350 million renovation of downtown Kansas City called Power & Light District.
But the Kansas City project has had a recent setback. With seven blocks of the city's downtown shut down for 18 months and daily changing detours, Cordish said last month that the project would be delayed by six months.
The new opening date, March 2008, coincides with Kansas City's hosting of the Big 12 men's basketball tournament. Although Cordish said tenants preferred opening closer to the tournament, disappointed city leaders favored October because that's when a new adjacent arena is scheduled to open.
Kansas City officials still expect great things from the district, but the delay raises questions that extend to St. Louis and its $387 million Ballpark Village.
In some respects, Ballpark Village and the Power & Light District are strikingly similar.
They're close in size and scope — with a mix of restaurants, entertainment spots and residential components — and bring the promise of much-needed revitalization to the downtowns of the two cities. Both cities also have large financial commitments to the projects.
But while Kansas City officials are anxious about the delay and are working frantically to fast-track permits, write letters to tenants — whatever it takes to restore the original timeline — St. Louis city leaders do not seem too concerned about a similar delay for Ballpark Village.
"I wasn't aware the Kansas City project had been delayed," said Barbara Geisman, deputy mayor for development. "We are not watching it at all; we are watching our own project. Everything is proceeding the way it should be, and we believe that Ballpark Village will be done in time for the All-Star Game."
Continue Reading
ST. LOUIS POST-DISPATCH
08/05/2007
When the St. Louis Cardinals were looking two years ago for a firm to redevelop the long-neglected section of downtown around Busch Stadium, Cordish Co. was a slam dunk.
The company, based in Baltimore, had plenty of success revitalizing aging urban core areas and has won six Urban Land Institute awards for redevelopment projects. And it was impossible not to notice how efficiently and successfully Cordish was pulling together a $350 million renovation of downtown Kansas City called Power & Light District.
But the Kansas City project has had a recent setback. With seven blocks of the city's downtown shut down for 18 months and daily changing detours, Cordish said last month that the project would be delayed by six months.
The new opening date, March 2008, coincides with Kansas City's hosting of the Big 12 men's basketball tournament. Although Cordish said tenants preferred opening closer to the tournament, disappointed city leaders favored October because that's when a new adjacent arena is scheduled to open.
Kansas City officials still expect great things from the district, but the delay raises questions that extend to St. Louis and its $387 million Ballpark Village.
In some respects, Ballpark Village and the Power & Light District are strikingly similar.
They're close in size and scope — with a mix of restaurants, entertainment spots and residential components — and bring the promise of much-needed revitalization to the downtowns of the two cities. Both cities also have large financial commitments to the projects.
But while Kansas City officials are anxious about the delay and are working frantically to fast-track permits, write letters to tenants — whatever it takes to restore the original timeline — St. Louis city leaders do not seem too concerned about a similar delay for Ballpark Village.
"I wasn't aware the Kansas City project had been delayed," said Barbara Geisman, deputy mayor for development. "We are not watching it at all; we are watching our own project. Everything is proceeding the way it should be, and we believe that Ballpark Village will be done in time for the All-Star Game."
Continue Reading
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Sounds like Cordish is over extended. Any business has a maximum capacity of work it can handle with the number of people that they employ. Once you get near the capacity, all work actually slows down. Between ballpark village, KC power and light and whatever else they are doing, they probably bit off more than they can chew. I will not be surprised if ballpark village is further delayed until they finish KC power and light problems.
This is just a shame. At this pace we won't have anything built in downtown st louis by 2010, because every project seems to be on hold for one reason or another outside of the pinnacle.
keef227 wrote:This is just a shame. At this pace we won't have anything built in downtown st louis by 2010, because every project seems to be on hold for one reason or another outside of the pinnacle.
Come on... If you are referring specifically to large scale projects like Ballpark Village, The Bottle District, or Chouteau's Landing, then please say so. There are many great projects being developed in downtown right now in pre-sales, under construction, and nearly completion including residential and retail. Yes, we'd all like to see Ballpark Village get started, but don't discount all the activity that is taking place.
AvantStL wrote:keef227 wrote:This is just a shame. At this pace we won't have anything built in downtown st louis by 2010, because every project seems to be on hold for one reason or another outside of the pinnacle.
Come on... If you are referring specifically to large scale projects like Ballpark Village, The Bottle District, or Chouteau's Landing, then please say so. There are many great projects being developed in downtown right now in pre-sales, under construction, and nearly completion including residential and retail. Yes, we'd all like to see Ballpark Village get started, but don't discount all the activity that is taking place.
What activity? I've seen zero actual movement at BPV, BD and CL.
dweebe wrote:AvantStL wrote:keef227 wrote:This is just a shame. At this pace we won't have anything built in downtown st louis by 2010, because every project seems to be on hold for one reason or another outside of the pinnacle.
Come on... If you are referring specifically to large scale projects like Ballpark Village, The Bottle District, or Chouteau's Landing, then please say so. There are many great projects being developed in downtown right now in pre-sales, under construction, and nearly completion including residential and retail. Yes, we'd all like to see Ballpark Village get started, but don't discount all the activity that is taking place.
What activity? I've seen zero actual movement at BPV, BD and CL.
Regarding Keef's quote: "At this pace we won't have anything built in downtown st louis by 2010" I was saying not to discount the development activity going on outside these projects.
dweebe wrote:AvantStL wrote:
Come on... If you are referring specifically to large scale projects like Ballpark Village, The Bottle District, or Chouteau's Landing, then please say so. There are many great projects being developed in downtown right now in pre-sales, under construction, and nearly completion including residential and retail. Yes, we'd all like to see Ballpark Village get started, but don't discount all the activity that is taking place.
What activity? I've seen zero actual movement at BPV, BD and CL.
Like AvantStL said don't discount all the activity that is taking place elsewhere. Sure it's frustrating to see/hear nothing on the BD, hear about no residential and chances of delays while still getting basically nothing started in BPV, and only 4th street redevelopment with latter phases of CL merely an attractive idea at this point, but there's quite a bit to be excited about.
AvantStL wrote:dweebe wrote:AvantStL wrote:
Come on... If you are referring specifically to large scale projects like Ballpark Village, The Bottle District, or Chouteau's Landing, then please say so. There are many great projects being developed in downtown right now in pre-sales, under construction, and nearly completion including residential and retail. Yes, we'd all like to see Ballpark Village get started, but don't discount all the activity that is taking place.
What activity? I've seen zero actual movement at BPV, BD and CL.
Regarding Keef's quote: "At this pace we won't have anything built in downtown st louis by 2010" I was saying not to discount the development activity going on outside these projects.
Sorry: case of the Monday's.
Yes, outside of these projects, a lot going on. But these big-ticket large-scale projects: nothing. Call me when there's cranes, dumptrucks, workers, construction trailers and other signs of work going on at these locations.
On a good note: even though BPV and CL is stagnate (for this brief moment), at least we have Lumiere Place to open this fall to accomodate the soon to come BD...that is a big project, or is it?
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As of right now the BD is no project. There has been no movement on any front in the Bottle District for what has to be over a year and a half. The only thing that has happened since then has been Clayco dropping the BPV contract in order to move over to the BD, but nothing has happened since then (2 odd months ago.)
^That's something I don't understand. Why would they drop something that's basically guaranteed to happen in some fashion in the not too distant future (BPV) for something that could unfortunately never pan out in any form (BD). I'm incredibly hopeful that Clayco's move was based on some knowledge that we aren't privy to about BD, but it just seems like a no-brainer to me to stick with the one that gets fined until something does get built.
But Clayco never was the General Contractor for BPV. They just pulled their bid. Now they are co-developer's of the BD.
Chouteau's Landing was never an announced project that had a definite construction date, or season for that matter. It was always a phased development, starting with the redevelopment of 4th street south of the stadium. They are still working on that. So, I wouldn't lump in BPV and BD with CL, which are completely different kinds of projects. CL is something that was relying on rehabbing many buildings, and some new construction, the other two are ALL new construction.
This is what Matt Bernstine at mhb@thebottledistrict.com sent me.
(We appreciate your interest in the project. New renderings, floor plans and press releases will be launched the first week of September. Stay tuned...)
Does this mean Clayco is drawing up new plans for BD. Hopefully this will be the final rendering and things can get started.
(We appreciate your interest in the project. New renderings, floor plans and press releases will be launched the first week of September. Stay tuned...)
Does this mean Clayco is drawing up new plans for BD. Hopefully this will be the final rendering and things can get started.
They've had new renderings for awhile now. For some reason or another they have not uploaded them to their website as of yet.
Perhaps they were waiting to make a big splash with Clayco as a co-developer.
Thanks for sharing the email.
Perhaps they were waiting to make a big splash with Clayco as a co-developer.
Thanks for sharing the email.
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I guess we'll see then huh. Maybe they can pull a rabbit out of the hat and manage to regroup with Liebskind again. I always liked that the best (and it never hurts to grab a little name recognition in the process).
From Joe Whittington's column on STLToday...
http://www.stltoday.com/stltoday/busine ... enDocumentBALLPARK VILLAGE NORTH: As the Cordish Group looks for a contractor for its Ballpark Village next to Busch Stadium, the Baltimore-based developer inched forward on a Toronto project.
The Toronto City Council has approved the plan and zoning amendments for the 25-acre retail-entertainment district adjacent to the famed Woodbine Racetrack unveiled almost two years ago.
The cost originally was announced as $310 million, but the "scope has grown significantly," said Nick Eaves, president and chief executive of the Woodbine Entertainment Group.
Interesting. Maybe Cordish is using the residential component of BPV as a bargaining chip with the city for some other aspect of the project that has not been announced? Or maybe they are trying to get the city to agree to ALL above-grade parking.
Ballpark Village developer sees delay in Kansas City
ST. LOUIS POST-DISPATCH
08/05/2007
<snip>
City leaders have been told the space is 99 percent leased, but Cordish has announced only a quarter of the tenants, some of which are partly owned by the developer. And though Cordish officials claim the opening is being delayed because of the tenants' preference, others aren't so sure. "If they wanted to, they could have made the tenants open in the fall, at least the ones they have an ownership stake in," Cauthen said.
<snip>
The delay may have to do with how many tenants Cordish has signed. "If all the leases aren't in place, they may not want to open and show large vacancies," Klein said. Several tenants may have clauses allowing them to open later if a certain percentage of the remaining businesses are not open, Klein said.
<snip>
There also is speculation that the delay may not have anything to do with tenancy, but rather is being used by Cordish as a bargaining chip with the city. The company wants to include a 300-room boutique hotel, which was not part of the plan. City leaders have been planning separately for a new 1,000-room convention hotel to capitalize on business from a convention center that recently opened downtown. Cauthen fears that the boutique hotel may jeopardize the prospects for a larger one. If Cordish is trying to force the issue by delaying the opening, it wouldn't be a surprise, said O'Byrne, a former commercial real estate broker. "Cordish is a good developer but also tough," O'Byrne said. "The city and Cordish are separated on the point of the hotels, and negotiations are what negotiations are. If they need a hotel to make their numbers work, they will do what works best for their company and the project."