A few months ago, it was reported that a developer had purchased the Bee Hat building with plans to renovate it as lofts. Has anyone heard any updates? With Pyramid renovating all of the other buildings on the block, the 1000 block of Washington could quickly become one of St. Louis' best. It's one of the few on Washington that is entirely in tact.
DeBaliviere wrote:A few months ago, it was reported that a developer had purchased the Bee Hat building with plans to renovate it as lofts. Has anyone heard any updates? With Pyramid renovating all of the other buildings on the block, the 1000 block of Washington could quickly become one of St. Louis' best. It's one of the few on Washington that is entirely in tact.
He moved over to 1101 Lucas (the former Hadley-Dean Glass bldg) So I'm not sure what the plans are for the bee hat.
- 1,649
This was in the St. Louis Business Journal:
source:
http://stlouis.bizjournals.com/stlouis/ ... ocus2.html
Buildings without development under way near Tucker, a major thoroughfare, include the Lester Goldman building at 1201-1215 Washington, on the northwest corner of Washington and Tucker, formerly occupied by Gus's Fashions; 1221-1235 Washington; and the 1113-1129 Washington Cheerful House building. All of these buildings are owned by David Jump, president of American Milling in Cahokia. Cheerful House is co-owned by real estate investor Sam Glasser. Jump also owns the Bee Hat building on the northeast corner of 11th and Tucker, which also is sitting idle.
source:
http://stlouis.bizjournals.com/stlouis/ ... ocus2.html
- 10K
Looks like Jump is selling his buildings - great news. Hopefully, he'll sell the building at Tucker and Washington next!
Developers snap up two properties on Washington
Heather Cole
Developers grabbed two Washington Avenue properties and plan $32 million worth of redevelopment.
BHat Development LLC purchased the Bee Hat building at 1021 Washington Ave. from real estate investor David Jump and plans a $10 million renovation into a restaurant and apartments. Chasten Properties plans a $22 million loft/commercial redevelopment of three linked buildings comprising the Cheerful House, at 1113-1129 Washington Ave., co-owned by Jump with real estate investor Sam Glasser. Chasten, owned by Patrick Stanley, has the property under contract with a closing date of April 14. Terms of the deals were not disclosed.
The two buildings were among those featured in an article in the Feb. 18-24 edition of the St. Louis Business Journal on Washington Avenue properties that are sitting idle. The sale of the Bee Hat building, which has been vacant for several years, took place at about the time the newspaper was going to press.
BHat Development, formed for the purpose of developing the building, plans to convert the second through seventh floors into 36 one-bedroom or two-bedroom apartments, ranging in size from 900 to 1,300 square feet and renting from $990 to $1,430 a month, said real estate appraiser Matt Burghoff, one of two partners in BHat Development. Burghoff said his partner prefers to remain anonymous. There will be space for about 30 residents' cars in the basement.
A restaurant will occupy 7,500 square feet of the building's 9,000-square-foot first-floor commercial space, with a boutique retail store in 900 feet. The restaurant owner is a well-established and respected St. Louis restaurateur, Burghoff said, but he declined to name either of the tenants, who have signed letters of intent to occupy the space.
Eleven terra cotta lion heads on the outside of the building are a signature feature of the structure. The heads were attached to the gutters and drained water to the street. BHat wants to link them up to steam lines and have each lion roar every half-hour or so, Burghoff said.
BHat is seeking federal and state historic tax credits and tax increment financing for the project, and may try for New Markets Tax Credits as well. "Once we get those things put into place, we'd like to start (on construction) immediately," Burghoff said. Private financing was arranged through Sikeston, Mo.-based Montgomery First National's Crestwood office.
Financing is lined up for the conversion of Cheerful House, and construction can start immediately after the building's purchase closes, Stanley said. About 25 percent of the development cost will be from state historic and Brownfield tax credits. He declined to name the lender for the project.
Chasten will convert Cheerful House into loft condominiums on the second through seventh floors, a club on the seventh floor, a swimming pool on the roof, commercial space on the first floor, and basement parking with 108 spaces. The condominiums will range in size from 680 to 1,450 square feet and sell for $114,900 to $299,900. Construction would take about a year.
Both Burghoff and Stanley have loft conversion projects under their belts. Burghoff's other projects included converting the former Kirkwood Cinema into loft condominiums and office space, and renovating a former power station at 15th Street and Washington Avenue downtown into new office space for Little Tikes Commercial Play Systems Inc. Stanley developed the 13-unit Sidney Street Lofts at Sidney and Interstate 55.
Developers snap up two properties on Washington
Heather Cole
Developers grabbed two Washington Avenue properties and plan $32 million worth of redevelopment.
BHat Development LLC purchased the Bee Hat building at 1021 Washington Ave. from real estate investor David Jump and plans a $10 million renovation into a restaurant and apartments. Chasten Properties plans a $22 million loft/commercial redevelopment of three linked buildings comprising the Cheerful House, at 1113-1129 Washington Ave., co-owned by Jump with real estate investor Sam Glasser. Chasten, owned by Patrick Stanley, has the property under contract with a closing date of April 14. Terms of the deals were not disclosed.
The two buildings were among those featured in an article in the Feb. 18-24 edition of the St. Louis Business Journal on Washington Avenue properties that are sitting idle. The sale of the Bee Hat building, which has been vacant for several years, took place at about the time the newspaper was going to press.
BHat Development, formed for the purpose of developing the building, plans to convert the second through seventh floors into 36 one-bedroom or two-bedroom apartments, ranging in size from 900 to 1,300 square feet and renting from $990 to $1,430 a month, said real estate appraiser Matt Burghoff, one of two partners in BHat Development. Burghoff said his partner prefers to remain anonymous. There will be space for about 30 residents' cars in the basement.
A restaurant will occupy 7,500 square feet of the building's 9,000-square-foot first-floor commercial space, with a boutique retail store in 900 feet. The restaurant owner is a well-established and respected St. Louis restaurateur, Burghoff said, but he declined to name either of the tenants, who have signed letters of intent to occupy the space.
Eleven terra cotta lion heads on the outside of the building are a signature feature of the structure. The heads were attached to the gutters and drained water to the street. BHat wants to link them up to steam lines and have each lion roar every half-hour or so, Burghoff said.
BHat is seeking federal and state historic tax credits and tax increment financing for the project, and may try for New Markets Tax Credits as well. "Once we get those things put into place, we'd like to start (on construction) immediately," Burghoff said. Private financing was arranged through Sikeston, Mo.-based Montgomery First National's Crestwood office.
Financing is lined up for the conversion of Cheerful House, and construction can start immediately after the building's purchase closes, Stanley said. About 25 percent of the development cost will be from state historic and Brownfield tax credits. He declined to name the lender for the project.
Chasten will convert Cheerful House into loft condominiums on the second through seventh floors, a club on the seventh floor, a swimming pool on the roof, commercial space on the first floor, and basement parking with 108 spaces. The condominiums will range in size from 680 to 1,450 square feet and sell for $114,900 to $299,900. Construction would take about a year.
Both Burghoff and Stanley have loft conversion projects under their belts. Burghoff's other projects included converting the former Kirkwood Cinema into loft condominiums and office space, and renovating a former power station at 15th Street and Washington Avenue downtown into new office space for Little Tikes Commercial Play Systems Inc. Stanley developed the 13-unit Sidney Street Lofts at Sidney and Interstate 55.
Bee Hat:
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Cheerful House:
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Cheerful House:
- 1,649
I was just down there today looking at both of these buildings. Great to hear! This should pretty much fill in the gaps on Washington Avenue from Tucker to Broadway (assuming the Days Inn and A.D. Brown Bldgs. are still moving foward).
"Eleven terra cotta lion heads on the outside of the building are a signature feature of the structure. The heads were attached to the gutters and drained water to the street. BHat wants to link them up to steam lines and have each lion roar every half-hour or so, Burghoff said."
I missed this. Lol, sounds great!
I missed this. Lol, sounds great!
- 10K
More info on Bee Hat from the Downtown St. Louis Partnership:
And just to the east, at the NE corner of 11th and Washington, the Bee Hat Lofts project continues to move forward. Look for a restaurant to go in on the ground floor. Other TIF requests getting a ?thumbs-up? this week were the Ely Walker Lofts (often referred to as the Gold?s Gym Building), West Town Lofts at 2201 Washington and the Packard Lofts at 2201 Locust.
And just to the east, at the NE corner of 11th and Washington, the Bee Hat Lofts project continues to move forward. Look for a restaurant to go in on the ground floor. Other TIF requests getting a ?thumbs-up? this week were the Ely Walker Lofts (often referred to as the Gold?s Gym Building), West Town Lofts at 2201 Washington and the Packard Lofts at 2201 Locust.
I was there today and I must say its a great building in a great location. Strange how its been months since we've heard any news on its progress. I know there's quite a few projects on Washington Ave that will be competing with eachother over the next twelve months or so, and you'd think the developers would want to get their product on the street.
- 2,005
Found this on the PD website today...
[snip]
Burghoff intends to start construction this month on the $11.5 million renovation project. The cost includes $2.3 million he paid for the ornate brick and terra cotta building, designed by noted architect Isaac Taylor and built in the late 1890s.
Montgomery Bank and Great Southern Bank are financing the project. Burghoff, managing partner of Mambo Development LLC and owner of an appraisal company, also is using city tax increment financing, state and federal historic tax credits and state brownfields tax credits.
What's coming, within a year, are 36 one- and two-bedroom apartments on the second through seventh floors. An Irish bistro owned by restaurateur Eddie Neill, a women's clothing store and another retail space will open on the first floor.
Above the first floor, on the building's exterior, Burghoff plans to turn 11 ornamental terra cotta lions' heads into a feature passersby won't miss.
"They were part of the building's gutter system," he said. "The gutters would drain into the lions' heads, and water would go out through the lions' mouths when it rained. We're going to replace the water with the steam system in the building and hook the steam up to a clock or timer, so that every half-hour or whatever, the lions' heads will 'roar,' shooting steam out of their mouths."
Apartments there, designed by Rosemann & Associates P.C., will range from 900 square feet to 1,350 square feet and rent from nearly $1,000 to $1,400 or so a month.
Link to Rest of Article
It's hats off to developer of Washington Avenue site
[snip]
Burghoff intends to start construction this month on the $11.5 million renovation project. The cost includes $2.3 million he paid for the ornate brick and terra cotta building, designed by noted architect Isaac Taylor and built in the late 1890s.
Montgomery Bank and Great Southern Bank are financing the project. Burghoff, managing partner of Mambo Development LLC and owner of an appraisal company, also is using city tax increment financing, state and federal historic tax credits and state brownfields tax credits.
What's coming, within a year, are 36 one- and two-bedroom apartments on the second through seventh floors. An Irish bistro owned by restaurateur Eddie Neill, a women's clothing store and another retail space will open on the first floor.
Above the first floor, on the building's exterior, Burghoff plans to turn 11 ornamental terra cotta lions' heads into a feature passersby won't miss.
"They were part of the building's gutter system," he said. "The gutters would drain into the lions' heads, and water would go out through the lions' mouths when it rained. We're going to replace the water with the steam system in the building and hook the steam up to a clock or timer, so that every half-hour or whatever, the lions' heads will 'roar,' shooting steam out of their mouths."
Apartments there, designed by Rosemann & Associates P.C., will range from 900 square feet to 1,350 square feet and rent from nearly $1,000 to $1,400 or so a month.
Link to Rest of Article
It's hats off to developer of Washington Avenue site
The smoke idea should be a fun addition to the street. Also good to see that Washington will be adding another resturant to its list. As i said before people: Eat St. That should be Washington Ave: Eat. St.
- 10K
^
Definitely. Eddie Neill is a good person to have on board - his restaurants are usually pretty good.
This is one of my favorite buildings downtown, and I'm so glad that the plans are moving forward!
Definitely. Eddie Neill is a good person to have on board - his restaurants are usually pretty good.
This is one of my favorite buildings downtown, and I'm so glad that the plans are moving forward!
- 1,649
LATEST NEWS
September 16, 2005
<A HREF="http://www.bizjournals.com/stlouis/stor ... ">Downtown projects get $3 million in state tax credits</A>
The State of Missouri approved a total of more than $3 million in state tax credits for three downtown St. Louis redevelopment projects, said Missouri Gov. Matt Blunt Friday.
The Bee Hat Building, Ely-Walker Building and Southside National Bank projects all received Brownfield redevelopment tax credits, which provide incentives to redevelop publicly owned commercial or industrial sites that were abandoned because of contamination by hazardous substances.
BHAT Development LLC will receive up to $480,000 in tax credits to help remove asbestos and lead-based paint at the Bee Hat Building at 1021 Washington Ave. It will be redeveloped into 36 residential units, a restaurant and retail space.
<A HREF="http://www.bizjournals.com/stlouis/stor ... ily76.html">>>> read more</A>
September 16, 2005
<A HREF="http://www.bizjournals.com/stlouis/stor ... ">Downtown projects get $3 million in state tax credits</A>
The State of Missouri approved a total of more than $3 million in state tax credits for three downtown St. Louis redevelopment projects, said Missouri Gov. Matt Blunt Friday.
The Bee Hat Building, Ely-Walker Building and Southside National Bank projects all received Brownfield redevelopment tax credits, which provide incentives to redevelop publicly owned commercial or industrial sites that were abandoned because of contamination by hazardous substances.
BHAT Development LLC will receive up to $480,000 in tax credits to help remove asbestos and lead-based paint at the Bee Hat Building at 1021 Washington Ave. It will be redeveloped into 36 residential units, a restaurant and retail space.
<A HREF="http://www.bizjournals.com/stlouis/stor ... ily76.html">>>> read more</A>
From the Downtown Now Newsletter October/November:
From 1944 to the year 2000, the Bee Hat Company used 1021 Washington Avenue for office space and hat storage. Now a complete renovation of the 63,000 square foot building into a single mixed-use property containing a combination of residential units, commercial space and parking is underway.
The first floor of the seven-story project will include a 9,000 square foot restaurant with a 2,500 square foot mezzanine, and a boutique for women's clothing. Floors two thru seven (54,000 gross square feet) will be converted to thirty-six 1 - 2 bedroom loft apartments. The residences will range from 900 to 1,300 square feet with pricing going from $990 to $1,430.
A feature of the building will be terra cotta lion heads on the exterior of the building that will "roar" every hour once the project is completed. Laundry facilities and storage units on each floor, stainless steel appliance packages in each of the apartments, and basement parking are among the amenities.
The $10 million project is being developed by Matt Burghoff, Tom Howard of BHAT Development, LLC, financed by Great Southern Bank and supported by historic preservation tax credits. The projected completion date is Spring 2006.
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From 1944 to the year 2000, the Bee Hat Company used 1021 Washington Avenue for office space and hat storage. Now a complete renovation of the 63,000 square foot building into a single mixed-use property containing a combination of residential units, commercial space and parking is underway.
The first floor of the seven-story project will include a 9,000 square foot restaurant with a 2,500 square foot mezzanine, and a boutique for women's clothing. Floors two thru seven (54,000 gross square feet) will be converted to thirty-six 1 - 2 bedroom loft apartments. The residences will range from 900 to 1,300 square feet with pricing going from $990 to $1,430.
A feature of the building will be terra cotta lion heads on the exterior of the building that will "roar" every hour once the project is completed. Laundry facilities and storage units on each floor, stainless steel appliance packages in each of the apartments, and basement parking are among the amenities.
The $10 million project is being developed by Matt Burghoff, Tom Howard of BHAT Development, LLC, financed by Great Southern Bank and supported by historic preservation tax credits. The projected completion date is Spring 2006.
- 5
- 10K
Nice - I drove by the building last night, and you can see into the first floor space where work is being done. Nice HIGH ceilings and cool pillars. Should be great retail space.
They actually did it! The lion gargoyles on the first floor cornice were "roaring" jets of steam this morning. Quite dramatic.
Cool! I'll have to stop by and check it out. Do they go off on a regular schedule, or do they just kinda hiss constantly?
- 1,768
THat may have been a test, but I was under the impression that they went off every hour on the hour...
- 1,649
phobia wrote:They actually did it! The lion gargoyles on the first floor cornice were "roaring" jets of steam this morning. Quite dramatic.
This months issue of St. Louis Magazine had a photo of one of the lion heads "roaring" steam in an ad for the Bee Hat Apartments. Looks pretty cool.
I have some pics of the lions "roaring", so if someone that knows how to post a pic can shoot me an email, I'll get the pics to you.
Thanks,
Adam
apickett@rosemann.com
Thanks,
Adam
apickett@rosemann.com
Here are the pics
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