urbanSTL

STLight wrote: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

Correct me if I'm wrong, but I heard about $400/sq ft.

innov8ion wrote:

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.

The downtown area is made up of many multi-block areas that eventaully will fuse into one. BPV will be one more multi-block area added and with only 250 condos in the 6 block area I don't think you will have to worry about over flooding the market. There will be those who will pay top dollar for these units and there will be others who will want to live close, so they can walk in but not have to live among the hassles of game day congestion. Kind of like Wash Avenue. Some want to live right on the strip but others would rather avoid the noise and live just off but be within walking distance.

Encouraging, but notice that they have pushed it back again. Now they are saying late fall or early winter.

Are there any obstacles left to stand in BPV's way? It's about time already. I thought my unborn children would have pubes before this thing ever got built.



And I thought Bi-State was slow!

JivecitySTL wrote:I thought my unborn children would have pubes before this thing ever got built.

Another one for the Urban St. Louis Hall of fame!

JivecitySTL wrote:Are there any obstacles left to stand in BPV's way? It's about time already. I thought my unborn children would have pubes before this thing ever got built.



And I thought Bi-State was slow!

We still haven't heard any agreement come from the Bowling Hall of Fame and Museum, other than that, how much money is still needed? The post's article the other day said they were still looking for 115, which would include the ~30 from the state. Does that mean they still have to find sources for the remaining 85 million?

JivecitySTL wrote:Are there any obstacles left to stand in BPV's way? It's about time already. I thought my unborn children would have pubes before this thing ever got built.



And I thought Bi-State was slow!

They still have to finance the project, which, I might add, would have been much easier, not to mention cheaper, 2 years ago.

TheWayoftheArch wrote:

Jrathert wrote:

JivecitySTL wrote:Are there any obstacles left to stand in BPV's way? It's about time already. I thought my unborn children would have pubes before this thing ever got built.



And I thought Bi-State was slow!

We still haven't heard any agreement come from the Bowling Hall of Fame and Museum, other than that, how much money is still needed? The post's article the other day said they were still looking for 115, which would include the ~30 from the state. Does that mean they still have to find sources for the remaining 85 million?

City TIF.

The $115mm is the total city and state subsidy. The project cost is $387mm. $272mm has to come from elsewhere.

I'm glad we got 250 condos, because for awhile it was looking like we weren't going to get any.

Do we know how many condos the plan called for? I just think that 250 is not that many based on the original plan and renderings.

Depends on how you define "original." The 2001 McCormack Baron proposal called for 1,000 (condos and apartments). 250 is the number that shows up in the stories about Cordish from the past 18 months or so.

^Cordish's own website still says 1200 residential units.



Ballpark Village

I wish they'd hurry up and release those final plans already...

Final plans would be terrific right about now...or a few months ago when they proposed the project for local and state financing. A final rendering, including floor plans, etc, means that a sales center can concievably start running, which hopefully means great pre-sale numbers, which means a MUCH easier time getting financing for the 272 mil. However, I'm going to put my 2 cents in and state my personal beliefs that condos will sell well in bpv if they are put on top of smaller residential buildings, but there is no chance we are going to see these fly off the shelves if they are 4-5 stories up spread out across the project. Towers looking into the ballpark with 30-50 stories I personally believe would sell at a never before seen rate for downtown, but 4-5 stories without views of the field....

When i heard about these residential units going up, i had a dream to one day buy one and see every home game from the comfort of my couch

newstl2020 wrote:Final plans would be terrific right about now...or a few months ago when they proposed the project for local and state financing. A final rendering, including floor plans, etc, means that a sales center can concievably start running, which hopefully means great pre-sale numbers, which means a MUCH easier time getting financing for the 272 mil. However, I'm going to put my 2 cents in and state my personal beliefs that condos will sell well in bpv if they are put on top of smaller residential buildings, but there is no chance we are going to see these fly off the shelves if they are 4-5 stories up spread out across the project. Towers looking into the ballpark with 30-50 stories I personally believe would sell at a never before seen rate for downtown, but 4-5 stories without views of the field....

I went to a Cordish meeting last winter when they rolled out the 3-D model of the project. At that time, a proposed residential/commercial tower would go in right across from the stadium, but they didn't know at that time whether that would happen in Phase I. Regardless, they were building the pads for that and other towers on top of the Phase I project during Phase I so they could add towers later if/when needed.



Based on that, I'd think the residential portion could be a combined residential commercial tower with the residentail on the top floors. If they created a combined residential/commercial tower in Phase I, I'd think it could be impressive and would command, as you suggested, prices previously unheard of in downtown St. Louis.

I lurk a lot - I don't post a lot, or often either. But I read almost every post regardless.



But this news requires me to.



I am in Indiana right now, and stltoday.com is one of my first stops when I get home from work to see what's going on back in STL.



I almost pissed myself when I saw this headline - "Ballpark Village --with condos -- wins state financing."







Thank god. thank god. thank god. thank god thank god thank god thank god!!!



now - can we break ground before "fall or winter?" jeez.



that is all.

Everybody talks about condos with a view of the field. But what about the units on the other side of the building...you know, the ones that don't face the field? Of course, they should have a pretty cool view of Downtown and the Arch, but let's face it; they won't be nearly as popular as those facing the stadium.

Framer wrote:Everybody talks about condos with a view of the field. But what about the units on the other side of the building...you know, the ones that don't face the field? Of course, they should have a pretty cool view of Downtown and the Arch, but let's face it; they won't be nearly as popular as those facing the stadium.

If the retail portion of this development is successful these condos should be in demand as well. This is assuming there's a market/grocery, pharmacy, theatre, eating options, dry cleaner . . .