Rats. That was a pretty nice public service. Does he or she just not have the time anymore? Does NextSTL have the resources yet to take up the slack? 
Where did they pull their info from? Permits matching with Geo St. Louis?
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City issued 450 new construction multi-fam permits in May. There were only 464 all of last year. I believe the permits were issued for the 32 N Euclid project this month as well, so we should have a (post-recession) record breaking year.
http://www.stlhba.com/images/_HBASTL/PD ... p_5-16.pdf
Multifam rehab has cooled from last year's superhot levels but are still ahead of other years.
http://www.stlhba.com/images/_HBASTL/PD ... p_5-16.pdf
Multifam rehab has cooled from last year's superhot levels but are still ahead of other years.
^ While on the subject of new construction multifamily, there are a couple big projects that I'm not sure will get going this year or not, namely
-- 5510 Pershing, 165 units (application was submitted last fall)
-- Chouteau's Grove, 271 units (no building permits submitted yet)
-- 5510 Pershing, 165 units (application was submitted last fall)
-- Chouteau's Grove, 271 units (no building permits submitted yet)
Mutlifamily rehab has really slowed down.
http://www.stlhba.com/images/_HBASTL/PD ... p_6-16.pdf
Now (just) behind 2014 pace through June. However, with the 202 units issued for the Delmar Loop tower, new construction multi-family units already have surpassed 2015 and 2014 year-end totals. We need about 250 more to break 1,000 but I'm not sure what's out there in the pipeline to break that mark.
http://www.stlhba.com/images/_HBASTL/PD ... p_6-16.pdf
Now (just) behind 2014 pace through June. However, with the 202 units issued for the Delmar Loop tower, new construction multi-family units already have surpassed 2015 and 2014 year-end totals. We need about 250 more to break 1,000 but I'm not sure what's out there in the pipeline to break that mark.
The for the update stlrb. In terms of the pipeline and needing 250 more permits, the two proposals in Soulard just about do the trick. Victor & 7th is 118 units, Russell & 13th is 126 units, for a 244 total.
^ I believe you got the two apartment buildings on Pershing Ave but not sure on status or units counts. Still believe we got Green Street Grove's proposal out there.
Also, doesn't CORTEX/Wexford $140 million investment have both hotel and residential component. Someone noted on Nextstl weekly chat that fence was up and site prep looked to be underway. Alex responded that their should be an announcement soon. Alex. do I got that right?
Also, doesn't CORTEX/Wexford $140 million investment have both hotel and residential component. Someone noted on Nextstl weekly chat that fence was up and site prep looked to be underway. Alex responded that their should be an announcement soon. Alex. do I got that right?
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Hard to know what projects really are moving forward and how fast.... one of those 2 Pershing projects e.g. had the building permit application in 9 months ago so I wouldn't be surprised if the building permit is issued soon but otoh I also wouldn't be surprised if it's just dead. And even if say Wexford for Cortex or Green Street for Chouteau's Grove finally submits a building permit soon it still may take several months to approve. But sometimes things like 32 N Euclid come around that seem to be on comparative hyper-speed. But hopefully at least one biggie gets going with actual construction this fall.
July HBA report is out and it is Ah-May-Zing!
http://www.stlhba.com/images/_HBASTL/PD ... p_7-16.pdf
We've already surpassed the highest post-recession yearly total for new construction multi-family units and had 1,000 multi-family rehab permits issued for that previously lagging category... I'm not sure if all those rehab permits were really issued during the month or if there was an adjustment. Anyway, we're now well ahead of 2014 on rehab apts but still behind 2015 y.t.d.
http://www.stlhba.com/images/_HBASTL/PD ... p_7-16.pdf
We've already surpassed the highest post-recession yearly total for new construction multi-family units and had 1,000 multi-family rehab permits issued for that previously lagging category... I'm not sure if all those rehab permits were really issued during the month or if there was an adjustment. Anyway, we're now well ahead of 2014 on rehab apts but still behind 2015 y.t.d.
the 5510 Pershing permit was issued earlier in August so those units (165 or so, I believe) will be added to the July total of 764 and bringing us very close to 1,000. Prior yearly best was 673 in 2014.STLrainbow wrote: one of those 2 Pershing projects e.g. had the building permit application in 9 months ago so I wouldn't be surprised if the building permit is issued soon but otoh I also wouldn't be surprised if it's just dead.
August numbers are out and new multifam is at 921 for the year
http://www.stlhba.com/images/_HBASTL/PD ... p_8-16.pdf
the other categories continue to march along as well.
http://www.stlhba.com/images/_HBASTL/PD ... p_8-16.pdf
the other categories continue to march along as well.
Numbers through October out now...
http://www.stlhba.com/images/_HBASTL/PD ... _10-16.pdf
New multi-fam was shut out for Sept & Oct so still sitting at 921 units... but I believe the 4400 Manchester project was permitted in November, so reaching the 1,000 mark may be just one modest project away.
http://www.stlhba.com/images/_HBASTL/PD ... _10-16.pdf
New multi-fam was shut out for Sept & Oct so still sitting at 921 units... but I believe the 4400 Manchester project was permitted in November, so reaching the 1,000 mark may be just one modest project away.
^ new multi-fam reached 975 thru November. Not sure if 25 were issued in December. I'm on the edge of my seat!
http://www.stlhba.com/images/_HBASTL/PD ... _11-16.pdf
http://www.stlhba.com/images/_HBASTL/PD ... _11-16.pdf
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^ It's not possible to tick off just one multi-fam unit, silly! Also, I think yours is a multi-fam rehab, no?
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^ awesome you're gonna get started in earnest on that castle of yours!
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Hope so - new structure is supposed to be done in a week or so.
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December's numbers out...
http://www.stlhba.com/images/_HBASTL/PD ... _12-16.pdf
Wound up with 975 new construction multi-fam units for the year; no 1,000 mark but still crushed previous years.
http://www.stlhba.com/images/_HBASTL/PD ... _12-16.pdf
Wound up with 975 new construction multi-fam units for the year; no 1,000 mark but still crushed previous years.
2017 off to a strong start on all fronts - ahead of 2016 on all city categories
http://www.kchba.org/wp-content/uploads ... 2017-1.pdf
http://www.kchba.org/wp-content/uploads ... 2017-1.pdf
June report -
Rehabs (Multi and Single) up over last year -
Single families holding steady
New multis down - but above 2015 at this point
Shaping up to be 3 good year in a row - of course still making up for the first 3 poor years of the decade
http://www.stlhba.com/images/_HBASTL/PD ... p_6-17.pdf
Rehabs (Multi and Single) up over last year -
Single families holding steady
New multis down - but above 2015 at this point
Shaping up to be 3 good year in a row - of course still making up for the first 3 poor years of the decade
http://www.stlhba.com/images/_HBASTL/PD ... p_6-17.pdf
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Permits for the year were up for rehabs and down for new construction...
http://www.stlhba.com/images/_HBASTL/PD ... _12-17.pdf
However, this year should be a (post-recession) record-breaker for multi-family new construction when all these permits for big projects like BPV & 300, etc. get issued.
http://www.stlhba.com/images/_HBASTL/PD ... _12-17.pdf
However, this year should be a (post-recession) record-breaker for multi-family new construction when all these permits for big projects like BPV & 300, etc. get issued.
I thought I would take a look at building permit numbers from the Census Bureau to see how we stack up to other Midwest peer metros. These are the 2017 numbers through November (December not available yet). Metro totals (I don't think they have it by city):
![]()
Some thoughts about these numbers:
Our total numbers look pretty decent, although skewed more towards single family than multifamily.
Columbus was probably the biggest surprise for me, especially their 5+ unit numbers.
Pittsburgh is still struggling with growth, despite their well publicized growing "it" factor
It is becoming increasingly clear the MSP is no longer a true peer and is leaving us in their dust.
Full numbers:
https://www.census.gov/construction/bps ... 201612.txt
Some thoughts about these numbers:
Our total numbers look pretty decent, although skewed more towards single family than multifamily.
Columbus was probably the biggest surprise for me, especially their 5+ unit numbers.
Pittsburgh is still struggling with growth, despite their well publicized growing "it" factor
It is becoming increasingly clear the MSP is no longer a true peer and is leaving us in their dust.
Full numbers:
https://www.census.gov/construction/bps ... 201612.txt
KC: 454 - 3-4 unit structures.
Milwaukee: 0 - 3-4 unit structures.
Not really sure what the cause or significance of that is, but what a random contrast.
So the Cleve and Pittsburgh struggling; Minne, Columbus and KC ripping; And everyone else plodding along.
Milwaukee: 0 - 3-4 unit structures.
Not really sure what the cause or significance of that is, but what a random contrast.
So the Cleve and Pittsburgh struggling; Minne, Columbus and KC ripping; And everyone else plodding along.
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Not to hijack the building permit thread, but I was looking at Midwest venture capital investment numbers a while back and was surprised to see Minneapolis so far out front of other seemingly peer cities, and approximately double what STL was getting.
A few sources:
https://www.citylab.com/life/2013/06/am ... ital/3284/
https://techcrunch.com/2017/08/02/here- ... e-midwest/
http://eqstl.com/2016s-best-cities-midw ... l-funding/