urbanSTL

aprice wrote: ↑

Oct 15, 2018

chriss752 wrote: ↑

Oct 15, 2018

That site deserves somehting better than a strip retail center but I'm not Greentstreet. Does the neighborhood have limits to stuff like this?

Has a strip mall been announced? I'm no overly familiar with FPSE's Form Based Code but it probably includes this land.
Also I though this was all Koman, not Greenstreet.

addxb2 wrote: - They own the U-haul wedge lot. Will be remodeling into more retail this winter.

EDIT: I was looking at the wrong land. I think the existing building could be saved. It would make for a cool restaurant / decent beer garden space. Of course, the big downside would be the traffic noise/pollution from that intersection.

From my conversation, the building will be maintained.
Also from my conversation, Chroma II will not resemble Chroma I.

addxb2 wrote: ↑

Oct 15, 2018

From my conversation, the building will be maintained.
Also from my conversation, Chroma II will not resemble Chroma I.

Well then I hope it has some height to it and a design that is great despite it being off on Sarah Street.

Just to clarify, will phase 2 be on the remaining lot of phase 1 or across the street on a separate lot?

cardinalstl wrote: ↑

Oct 16, 2018

Just to clarify, will phase 2 be on the remaining lot of phase 1 or across the street on a separate lot?

On the current Phase 1 lot would be my guess...

chriss752 wrote: ↑

Dec 17, 2018

Well, Kevin was wrong. The project sure has changed scope since he moved on. These posters would put up today advertising for it. Looks like a stumpy 1 or 2 floor building. And it's office space. But the angle of the silo is wrong in the background. Maybe they accidently put these posters up on this site instead of at Cortex K?

Rendering looks like Sarah and Clayton intersection - Why don't you just send them an email

beer city wrote: ↑

Dec 18, 2018

Rendering looks like Sarah and Clayton intersection - Why don't you just send them an email

I did and they confirmed to me that this is the project, "30,000SF of office and some retail space". But they said the rendering looks wrong so they'll look into it. Seems interesting.

Phase II renderings. Seems like they've scaled back from using the entire empty slot. So a Phase III will be in the works. More info at https://www.parkcentraldevelopment.org/ ... Packet.pdf

Is anything planned for the northwest corner of Sarah/Chouteau? Where the bank was?

If so, this corner has a chance to be pretty lively.

KansasCitian wrote: Is anything planned for the northwest corner of Sarah/Chouteau? Where the bank was?

If so, this corner has a chance to be pretty lively.

I think you mean the gas station lot? If so, nothing is planned there at this time. It recently became a parking lot so I don't see anything going on that site for a while.

Yes, sorry. I meant the gas station lot.

I wouldn't be surprised if that little plot of land receives news in the next year or two.

addxb2 wrote: Phase II renderings. Seems like they've scaled back from using the entire empty slot. So a Phase III will be in the works. More info at https://www.parkcentraldevelopment.org/ ... Packet.pdf

"Phase 3" will be office space and the design should be released soon. I think this is an ok design. It compliments Phase 1 well. 

addxb2 wrote: Phase II renderings. Seems like they've scaled back from using the entire empty slot. So a Phase III will be in the works. More info at https://www.parkcentraldevelopment.org/ ... Packet.pdf

Screen Shot 2019-04-17 at 2.05.57 PM.png
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Thanks Chris.  So I see brick on the first floor and a brick cornice, as well as corrugated steel on the side wrapping around  to the balconies.  But do we know what the material is on floors 2-4 facing Sarah? Faux stone?

-RBB

Steph at the Business Journal reported that Green Street and Koman are also doing an office building as part of Phase 2. It will be a small building at 25,000SF and two floors but the design will be different than Chroma Phase 1 and Phase 2 residential. It will have floor to ceiling glass and a rooftop deck. The building will be known as "Chroma II Office". Rents will be $29.50PSF. No word on if retail will be included but I highly doubt it. 

Steph says that she got the information from marketing materials but I haven't been able to find them. The DCM Group is marketing the property. 

Maybe this will be a good thing as Chroma II Office and Rock Spring School will attract smaller firms who want to be in the Grove but close to the Foundry, Armory, and Cortex. Combined, these two projects total 45,000SF of boutique office space. Can't wait to see the renderings and to see this large block built out. 

Behind the paywall here: https://www.bizjournals.com/stlouis/new ... grove.html

Chroma is about 220 of 235 leased (93%). 13 of the 15 left are all $2000 +. This is the same case at monogram in downtown that 90% leased but what’s left are $2000+. Seems like $2000 is the top price point for STL.

If that's the case, then 100 Kingshighway might need to be a little worried. 

But I'd like to ask... how many $2,000+ apartments have these buildings leased? 

Well of the 20 units that are $2200-2800 on floor 3 and 4 that’s facing Chouteau, 18 are leased. So they’re still leasing plenty of expansive ones but the cap on how many a building can support seems to be capped. So if your entire building is $2000-5000, could be an issue. Tho I will say that 100 will sell out quickly

I think the market is slowly but surely changing.

I'm not too terribly worried about a $2,000 limit on St. Louis City, though that's obviously a very high figure. 

I think 100 will shatter $2,000, as will One Cardinal Way. 

CWE is a different story. All CWE rents, especially new buildings, make my head spin. 

^ And FWIW, I doubt anyone has a better handle on what rents the CWE market will support than Mac Properties (100 Kingshighway manager), since they have been managing a good chunk of the older luxury apartment properties there for several years.

Evening rendering of Chroma 2 Residential. Rendering from VE Design Group.

Rendering of Chroma 2 Office.

Sorry; can you help me orient myself? Exactly where are these two buildings located? How do they relate to each other, and to the existing Chroma? 

This would be my guess