I wouldn't mind if that gas station stuck around for a while (assuming the surrounding lots were still developed). I used to frequent the ZX - it's actually pretty pedestrian friendly and serves well as a convenience store. I know there are way too many gas stations in the area, but would prefer to build on empty land first - like that surface parking lot proposed for the rear facing grocery store.
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Some speculating on my part due to this article where the following groceries are listed as "entering the market or eyeing locations for new stores in metro St. Louis." I've added standard store sizes.
Lucky's Market ~30k sq ft
Ruler Foods ~20k sq ft
Fresh Thyme 25-30k sq ft
Fresh Market ~20k sq ft
Trader Joe's 8-15k sq ft
Aldi 8-15k sq ft
The site plan lists 30,804 sq ft for the grocery building, not sure if it's planned to be all single use. If so, my bet is on Fresh Thyme as their website also mentions plans to add 6-8 St. Louis stores.
Lucky's Market ~30k sq ft
Ruler Foods ~20k sq ft
Fresh Thyme 25-30k sq ft
Fresh Market ~20k sq ft
Trader Joe's 8-15k sq ft
Aldi 8-15k sq ft
The site plan lists 30,804 sq ft for the grocery building, not sure if it's planned to be all single use. If so, my bet is on Fresh Thyme as their website also mentions plans to add 6-8 St. Louis stores.
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I would put my money on it being one of the more upscale options like Fresh Market or Fresh Thyme, since they'd presumably want to piggyback off of the Whole Foods up the street. The Memphis Whole Foods has a Fresh Market about a half mile away from it.
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One name to watch is Ruler Foods. This is Kroger's "new" small footprint brand and they have quietly opened 4 stores in the metro east. An article in today's BJ states "Ruler stores generally run betwteen 10k and 20k square feet, carry 2.5k products, mostly Kroger brand, and focus on low prices for customers." Main competition is Aldi. The Kroger contact described St. Louis as an area "we can grow in." They plan to have 10 location by 2017.
Not going to happen. Ruler does NOT pay half the rent they'd need to pay for new construction developments unless Kroger buys the dirt themselves and builds.
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IIRC, Green Street hoped to close on the property around this time and begin construction in summer so hopefully we'll hear more news soon. I'm also excited see what retail may be announced for the new mixed-use construction further down the street. I've offered to open a donut shop if my patriotic duty is required.
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Did I hear that Ruler was going in at 2700 S. Grand ... or maybe half that space?
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^ yes; next to the Family Dollar already in the building.
I'm anxious to know when we may hear more details on the project. And as far as a rumored grocer goes, it looks like Whole Foods will be unveiling a lower-cost concept targeting millennials... probably not in the works for this project but I wonder if they'd look at Saint Louis.
With grass planted, this site looks a little too clean for me! The project is a few months behind schedule; hopefully it will move forward but I'm not full of confidence.
Biz Journal article on closing of property for Green Streets. Not sure if any highlights in the subscription based article to note. The teaser line notes that the project will be underway shortly if I understand the comment
http://www.bizjournals.com/stlouis/prin ... in-the.htm
Green Street Development recently closed on a $4.5 million deal to buy the former Commerce Bank branch property in The Grove and will soon begin work on a scaled-down mixed-use development on Chouteau Avenue.
http://www.bizjournals.com/stlouis/prin ... in-the.htm
Green Street Development recently closed on a $4.5 million deal to buy the former Commerce Bank branch property in The Grove and will soon begin work on a scaled-down mixed-use development on Chouteau Avenue.
I see Koman has taken this over and has a Planet Fitness as a tennet. Hopefully that means it is close to the buildings stage.
http://www.komangroup.com/koman-group-chouteaus-grove/
http://www.komangroup.com/koman-group-chouteaus-grove/
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This project remains a moving target, but I think we'll hear something more definite soon.
I guess this is something
GREEN STREET 4001 INVESTORS LLC Building 08/11/2016 MULTI FAM/OFF $0.00 CONSTRUCT A MIX USE BUILDING (ZONING ONLY)
GREEN STREET 4001 INVESTORS LLC Building 08/11/2016 MULTI FAM/OFF $0.00 CONSTRUCT A MIX USE BUILDING (ZONING ONLY)
Permit issued
GREEN STREET 4001 INVESTORS LLC Building 09/16/2016 11/08/2016 PARKING GARAGE $3,800,000.00 CONSTRUCT PARKING GARAGE PER PLANS
GREEN STREET 4001 INVESTORS LLC Building 09/16/2016 11/08/2016 PARKING GARAGE $3,800,000.00 CONSTRUCT PARKING GARAGE PER PLANS
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In some ways the project will look like what we expect, but if you care about details, a whole has changed:
https://nextstl.com/2016/12/big-changes ... on-starts/
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https://nextstl.com/2016/12/big-changes ... on-starts/
I'm pretty happy with it overall. I wish it was taller but that will fill in nicely there
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FWIW, I think the perspective of the rendering minimizes the building's impact. At four stories, it's going to fill in that lot nicely, and with the seven-story building on the wedge lot across the street, this corner should feel quite dense.joelo wrote:I'm pretty happy with it overall. I wish it was taller but that will fill in nicely there
Oh yea the perspective is definitely throwing me off then because 4 stories is a good height for a building that size.
Good point, four stories is taller than almost everything on that stretch of Manchester.
(Looks like three and a 1/4 in the rendering.)
(Looks like three and a 1/4 in the rendering.)
I'm glad they're toning down the palette; looks much classier and not as trendy. I also like the giant hand in the courtyard.
What does this mean?
CHOUTEAU AVE. / SARAH ST. / PAPIN ST. AREA
Alderman Joseph Roddy / 17th Ward
RESOLUTION NO. 16-LCRA-10150 - RESOLUTION AUTHORIZING THE ISSUANCE OF
TAXABLE INDUSTRIAL REVENUE BONDS (4001 INVESTORS, LLC PROJECT),
SERIES 2016, IN THE MAXIMUM PRINCIPAL AMOUNT OF $55,000,000 AND
AUTHORIZING CERTAIN DOCUMENTS AND ACTIONS RELATED THERETO, ALL IN
CONNECTION WITH A PROJECT IN THE CHOUTEAU AVE./SARAH ST./PAPIN ST.
REDEVELOPMENT AREA (David Meyer)
CHOUTEAU AVE. / SARAH ST. / PAPIN ST. AREA
Alderman Joseph Roddy / 17th Ward
RESOLUTION NO. 16-LCRA-10150 - RESOLUTION AUTHORIZING THE ISSUANCE OF
TAXABLE INDUSTRIAL REVENUE BONDS (4001 INVESTORS, LLC PROJECT),
SERIES 2016, IN THE MAXIMUM PRINCIPAL AMOUNT OF $55,000,000 AND
AUTHORIZING CERTAIN DOCUMENTS AND ACTIONS RELATED THERETO, ALL IN
CONNECTION WITH A PROJECT IN THE CHOUTEAU AVE./SARAH ST./PAPIN ST.
REDEVELOPMENT AREA (David Meyer)
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^Wow. They applied for an increase in tax abatement (which passed), scaled back the development significantly after it was placed on the consent calendar at the BoA, and now they want $55M in city-issued bonds?
Why?
Why?