^$40k in 1989 would be about $75k in 2013 dollars.
Here's a map I made or building permits Jan 2014 through some of June 2015. It isn't quite all of them. The Ikea is obviously missing. I think it's because the parcel shapes I joined the permit data to didn't have the newly made parcel for Ikea. There may be others missing for that or other reasons.
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Skinker-DeBaliviere is seeing tons of rehabs, from Skinker all the way to Union. I suspect most of it is Wash U.DogtownBnR wrote:I just wonder where there rehabs are going on because I don't see them all over the place, like I did 10 or so years ago.
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It would be nice if we saw stories like this more in the local news. It is good there is no drop off in this the past year or two due to all the news and whatnot.
WashU rehabbed 11 apt buildings this year in SD. 5188 McPherson before those. Even better they are under a for-profit entity so the rehabs could get HTCs thus they are on the tax roles.
Looks like STLHBA was holding on to monthly release until they completed a website redesign; anyway, October's #'s were released finally:
http://www.stlhba.com/images/_HBASTL/PD ... _10-15.pdf
Multi-family rehab permits issued have now passed 6,000 through October, blowing past the 4,000 recorded for all of last year. But new construction multi-family is down. On the single-family front, but new and rehab are modestly ahead of last year's numbers.
http://www.stlhba.com/images/_HBASTL/PD ... _10-15.pdf
Multi-family rehab permits issued have now passed 6,000 through October, blowing past the 4,000 recorded for all of last year. But new construction multi-family is down. On the single-family front, but new and rehab are modestly ahead of last year's numbers.
Wow, great news. Hope stadium construction doesn't crowd out this activity.
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^ And NGA, SLU hospital, BJC hospital, Clayton tower construction, WashU east campus expansion, etc., etc.
Oh, and IKEA Chesterfield!
Oh, and IKEA Chesterfield!
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Don't say it too loud, or they'll hear you and think it's true!
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Another 500 multi-family rehab units were added in November, so the city is now up 61% ytd in that category over last year. We're also up slightly on single family rehab, and last year was a record year for such permits. But it looks like we'll fall short of last year's numbers on new construction.
http://www.stlhba.com/images/_HBASTL/PD ... _11-15.pdf
It's also interesting that the report is showing that 2015 has been below last year's activity in St. Charles County, which is interesting.
http://www.stlhba.com/images/_HBASTL/PD ... _11-15.pdf
It's also interesting that the report is showing that 2015 has been below last year's activity in St. Charles County, which is interesting.
There are two important caveats to this rehab number. They define significant rehab as projects with a construction value of a minimum of $30,000. And all the units of a building are counted. So if a 12-unit building has >$30,000 in masonry work, 12 units are counted.
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^ yeah, it would be great to have a hard count on new units available for lease brought to the market, but we'll take what we can get!
2015 totals are now in with December report released:
http://www.stlhba.com/images/_HBASTL/PD ... _12-15.pdf
Multifamily rehab crushed prior years with a 75% increase over 2014 and 136% increase over 2013. Single family rehab also was up, but new construction was down a bit. I think though with the number of new projects announced we should beat 2014 on that account as well.
http://www.stlhba.com/images/_HBASTL/PD ... _12-15.pdf
Multifamily rehab crushed prior years with a 75% increase over 2014 and 136% increase over 2013. Single family rehab also was up, but new construction was down a bit. I think though with the number of new projects announced we should beat 2014 on that account as well.
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^ ooof! maybe permit office had a little too much egg nog over the holidays and was hung over through January. But at least we got one permit!
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I look at the permit approvals every Monday, and I can say that the numbers are wrong for St. Louis City. I suspect someone didn't get the information, and left the default at zero.quincunx wrote:Not quick out of the gate this year.
http://www.stlhba.com/images/_HBASTL/PD ... p_1-16.pdf
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^ Looks like the January numbers were revised but still very low. And February was slow as well. If these numbers are correct and aren't a temporary blip, we'll wind up much lower on the multifamily rehab front. Maybe last year's pace just wasn't sustainable. Maybe we're running out of good stock to rehab!
http://www.stlhba.com/images/_HBASTL/PD ... p_2-16.pdf
Last year wasn't particularly great with new construction multifam, though, and I wouldn't doubt we pass 478 inits if the various projects in the pipeline advance reasonably well.
http://www.stlhba.com/images/_HBASTL/PD ... p_2-16.pdf
Last year wasn't particularly great with new construction multifam, though, and I wouldn't doubt we pass 478 inits if the various projects in the pipeline advance reasonably well.
^ Looking at the pipeline more closely, we may break 1,000 new construction multi-family units this year if things move forward nicely. These all seem like real possibilities:
East Loop: 200 units
32 N. Euclid: 60-70
Pershing/"Ranier": 165
Green Street/Chouteau: 271
Encore/Highlands: 246
Can't recall if the North Sarah III permits have been issued. And I believe a couple subsidized senior projects are in the mix as well. I'd be quite happy with a solid rehab year and record new construction year.
East Loop: 200 units
32 N. Euclid: 60-70
Pershing/"Ranier": 165
Green Street/Chouteau: 271
Encore/Highlands: 246
Can't recall if the North Sarah III permits have been issued. And I believe a couple subsidized senior projects are in the mix as well. I'd be quite happy with a solid rehab year and record new construction year.
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^ looks like it'll be tough to catch up with last year's multi-fam rehab bonanza, but at least we're ahead of a good 2014; and new construction multi-fam should make a big jump soon... at least 244 units were added in May (for The Highlands project plus any others) and another 275 or so should be issued shortly for the 32 N Euclid and East Loop projects.
^ You might have a strong second half year for downtown if Gils close on Chemical & Turkish developer closes on Jeff Arms. Not too mention some CORTEX/Wexford stirrings and maybe some movement on Green Street's Grove among other things.
Speaking of this, I used to follow the stlnabedev tumblr. It had a lot of encouraging updates on some of the smaller rehabs, etc. Seems like it has gone dormant over the last year.
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^ Yes. The person who maintained that has changed jobs and it's not updated regularly any longer.