http://www.stltoday.com/business/local/ ... c7cff.htmlST. LOUIS • The scaled-back vision of Ballpark Village that the Cardinals will unveil on Wednesday includes 100,000 square feet of stores and restaurants and a new corporate headquarters for St. Louis-based Stifel Financial Corp., ready to open by the summer of 2013.
goat314 wrote:Ballpark Village, 2011 plan
Ballpark Village, Take 5
The latest version of the long-awaited development plan north of Busch Stadium.
Phase one: 225,000 square feet of office space, 100,000 square feet of retail and entertainment. Cost: $146.1 million
All phases: 750,000 square feet of office space, 360,000 square feet of retail and entertainment, 250 condominiums. Cost: $555 million
link: http://www.stltoday.com/business/local/ ... 57390.html
I agree, but the number seems low to me, most likely (at least this is my guess) because they will be decent sized and high priced.RobbyD wrote:^Doesn't the blue print for downtown calls for an additional 6K or 8K residents in the next decade? They're gonna have to live somewhere, so why not?
I'm just hoping (if they get built) they're not all priced at $350K and up. I'd like to be able to buy something across the street from the stadium and retire in it. Then have it paid off by the time I need to find somewhere to play "walker tag" and "I remember when...."
Just an FYI ADM bought new office space in Downtown Decatur, IL back in December. They are set for a while...see my post in the Illinois Section for more details.quincunx wrote:Think we could lure a corp HQ from Illinois for BPV given they are freaking out about the tax increase there? ADM? CME?
But even this smaller project isn't certain. The lead tenant - widely believed to be Stifel - has not yet fully committed, DeWitt said. And the sale of bonds this summer - expected to be $35 million but potentially as much as $45 million - is still dependent on "market conditions."
Were there no plans provided?While they would restore the street grid north of Busch into eight square blocks, only two of the blocks would be developed in the project's $146 million first phase. The other six would become surface parking lots until demand emerged for building on them, at which point a combination of office buildings, retail space, garages, condominiums and possibly a hotel are planned.
I say make the Cards pay the fines they are supposed to and then consider TIF funding. Even then, TIFs should not be such a large percentage of the project cost.ST. LOUIS - The new plan for Ballpark Village received its first blessing from a public agency Wednesday morning.
A city agency gave its OK to up to $47 million in tax revenue bonds to help build a first phase of the long-awaited project, which would include a a retail complex and 13-story office building likely to house financial services firm Stifel Financial Corp. across from Busch Stadium.
Cardinals President Bill DeWitt III and Chase Martin, of the team's development partner Cordish Co., laid out their plans for the site, which they say would be the "premier" office development in the region, and the first new office tower built downtown in a quarter century.
"This will be a marquee development that will be seen all over the world every time the Cardinals play," said Martin. "It's a very attractive site."
But their vision is significantly smaller than earlier versions that have been pitched in the six years the Cardinals have been trying to build Ballpark Village.
I am about the making the urban fabric more traditional and allowing subsequent development, but at what cost?metzgda wrote:There are a couple positives to take out of this if it becomes a reality.
- A street grid is being put into place and money is being used to provide utilities for the additional blocks created. This makes it much easier and attractive for building on these additional blocks. Perhaps the Cardinals would be willing to sell these plots to other developers and then we might see a more organic, diverse end product that gets built in a quicker timeframe.
- No mention of the "urban plaza". Hopefully this gets scrapped since we have an urban plaza a block away.
We've just go to hope that the next few phases happen quickly.downtown2007 wrote:No, please no surface parking. I don't care if Dewitt lake forms again, it's much better than a surface lot. Hopefully they stick to their word building the utilities for the remainder. I can honestly see this phase getting developed and the surface lot being present 10 years from now.
How many renderings will there eventually beAlex Ihnen wrote:Not new today, but the latest rendering I'm aware of:
Is the green area on the screen an urban plaza?metzgda wrote:No mention of the "urban plaza".
or Phase 1?
