urbanSTL

No developer would turn down more money even if they were concerned that they may be stretched thin. They probably think they can "staff up" to meet the demand or something like that.



Based purely on the discussions in this forum, it sounds like Cordish is overextended. I will not be surprised to see construction delays.



Hopefully the Cardinals put escalating contract penalties if the project lasts longer than X amount of days so that Cordish has an incentive to get done on time.

So, is early September still the target date(for whatever thats worth) or is it early '08?

Downtown STL Fan wrote:

Why creepy? Do you think Cordish gets involved in projects it thinks will flop? Lets wait a year and see what's going on there. I hope it's everything he says it will be because Cordish is our best hope for success in St. Louis, too.

Creepy... as in self-serving article. The whole article is nothing more than a self-serving "quote" from Cordish themselves.



As far as you comment "Cordish is our best hope for success in St. Louis, too." Have you been downtown STL (I would think by your name - you have)... but with or without Ballpark Village and Cordish - downtown STL is moving on quite nicely and quickly. With or without them, downtown is booming.

matguy70 wrote: but with or without Ballpark Village and Cordish - downtown STL is moving on quite nicely and quickly. With or without them, downtown is booming.

And how cool is that?!?!? :hyper:

matguy70 wrote:Downtown STL Fan wrote:

Why creepy? Do you think Cordish gets involved in projects it thinks will flop? Lets wait a year and see what's going on there. I hope it's everything he says it will be because Cordish is our best hope for success in St. Louis, too.

Creepy... as in self-serving article. The whole article is nothing more than a self-serving "quote" from Cordish themselves.



As far as you comment "Cordish is our best hope for success in St. Louis, too." Have you been downtown STL (I would think by your name - you have)... but with or without Ballpark Village and Cordish - downtown STL is moving on quite nicely and quickly. With or without them, downtown is booming.

Have I been downtown? I LIVE downtown and work here too. Yes, there are many other projects going on here, but judging by the number of posts to this particular blog and the interest generated by Ballpark Village, I'd say this is one of, if not the top defining project downtown. It's the one everyone has been waiting for and if it's successful, I think everything else will fall in line.



As for the Cordish article being self serving, like I said, give them a year. If they're blowing smoke we'll know about it, and if what they say comes to fruition, everyone will be praising them for their vision. I just hate the negativism when the result isn't known yet.

Here is some good news





http://stlouis.bizjournals.com/stlouis/ ... st=b_ln_hl

From the article

The new plan calls for an additional 36,000 square feet of retail and restaurant space -- for a total of 360,000 square feet of development in Ballpark Village -- said Kinder, who is chairman of the MDFB. In addition, developer Cordish Co. will include 250 condos in the project. Ballpark Village will encompass six blocks immediately north of Busch Stadium.

I wonder if they'll get more money from the state now as part of the deal. We'l find out later today I guess. I'm ready to go out there with a shovel myself to get this thing going.

Good to here. Sounds like the plans have actually gotten better. Hopefully they are now ready to break ground. I guess we should find that out soon as well.

Just heard on KMOX that the BV plan has been approved/finalized. Because Cordish has agreed to include 250 condos the state has allowed another 2.7 million in tax incentives. I was really hoping for more than 250 condos in this project. Sounds like things are ready to get moving on this finally.

Niiiiiiicccceeee...



Looks like Slay and co. were able to spring for more Residential in the eleventh hour.

ntbpo wrote:Just heard on KMOX that the BV plan has been approved/finalized. Because Cordish has agreed to include 250 condos the state has allowed another 2.7 million in tax incentives. I was really hoping for more than 250 condos in this project. Sounds like things are ready to get moving on this finally.

I'm guessing that 250 is probably the minimum number of condos required. If they sell well, and most of us seem to think that they will, I would think that they would build more. The same goes for the amount of office space Cordish is committed to.

Excellent news.



Glad to hear they committed to the condos. Hopefully phases II and/or III will include even more residential.



-RBB

how many floors will 250 condos fit in? Hopefully the building is going to be taller than 15 floors.



Its good they will include condos, who wouldn't want to have a view of the game!

I'm fine with starting with only 250 condos, more can be added in the next phases if these sell out. Better to leave 'em wanting more than to have folks b**** and moan if they didn't fill to capacity.

Ballpark Village --with condos -- wins state financing

By Matthew Franck

POST-DISPATCH JEFFERSON CITY BUREAU

08/21/2007



JEFFERSON CITY -- The Missouri Department Finance Board voted today to pitch in about $29.6 million for the development of Ballpark Village, after securing guarantees that the project would include 250 condominium units.



With the approval, city officials as well as St. Louis Cardinals leaders say groundbreaking for the $387 million retail, business and residential complex should occur late this fall or early winter. That timeline should allow for a large portion of the project to be completed by the time St. Louis hosts the Major League All-Star game in 2009.



Link to story

The Central Scrutinizer wrote:

10-intuition wrote:how many floors will 250 condos fit in?

1 floor, if the footprint is big enough.

I was actually thinking most of these will be the upper floors of the retail/restaurants that were discussed on 131 and the subsequent pages.



As for the news of both a bigger village with some residential, and financing, I'm ready to get a shovel out and head down to get this thing started. If we've gotta wait until winter to start seeing movement, I'm going to go nuts.

southsidepride wrote:I'm fine with starting with only 250 condos, more can be added in the next phases if these sell out. Better to leave 'em wanting more than to have folks b**** and moan if they didn't fill to capacity.

Enthusiasm is one thing, flooding the loft market is another. One has to be careful and build out downtown residential in a measured manner. Otherwise, home prices may to take a hit. Think about that one, oh wise urbanists. Perhaps 250 is ok, but something tells me it wasn't the greatest idea if their arms were twisted to do it.

innov8ion wrote:Enthusiasm is one thing, flooding the loft market is another. One has to be careful and build out the downtown in a measured manner. Otherwise, home prices downtown may to take a hit. Think about that one, oh wise urbanists.

This is just pure speculation, but I think that BPV condos will appeal to many people who otherwise would not consider downtown living at all. Lots of "second homes" as we've discussed before.

DeBaliviere, why do you think this? Why are the condos in the project appealing?.....seems like you have just about every kind of urban living space imaginable. Raw loft spaces and finished condo type units throughout the DT area, OPO, Wash ave, new Concord/Laurel(higher end) along w/ cityside/parkpacific, ballpark lofts next to the new stadium..roberts tower highrise-also higher end condos, skyhouse, and the list continues.



what more do people need to come live in DT STL?

^

I just think that the proximity to the ballpark, and the opportunity to watch a Cards game from your balcony will give BPV a major edge and a much broader appeal than other developments. I think it will open the eyes of a lot of suburbanites who think that the only housing options downtown are renovated lofts.



Of course, I could easily be wrong.

no..good point, I like where you are going which is why I asked the question...out of curiosity how much does everybody think these bad boys will sell for...(I mean if you can watch a game from your balcony....NICE) Let me be the first to guess these will start somewhere in the million dollar range if that kind of view is an option