Issuedquincunx wrote: ↑Sep 22, 2024$720k building permit application submitted for an arcade.
Biz Journal has nice pic for article on Foundry's apartment tower opening. Hopefully it will be a nice segway for next phase announcement by end of year.
https://www.bizjournals.com/stlouis/new ... undry.html
https://www.bizjournals.com/stlouis/new ... undry.html
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deletechris fuller wrote: ↑Jan 09, 2025The Foundry Art Centre Inaugural Fire Arts Fest | January 24th
http://foundryartcentre.org/fire-arts-fest
The place was killing it today.
I see that the coffee shop just inside the main doors pivoted to candy and ice cream. Smart as I don't think you could even move in there.
- parking was difficult (I know, I know)
- the whole dining hall was packed. Tables were jammed.
- Puttshack was a 30+ minute wait to golf
- the expensive VR place was an hour wait with all of the bays going
- shops were all busy
I see that the coffee shop just inside the main doors pivoted to candy and ice cream. Smart as I don't think you could even move in there.
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Had a 6% growth in sales in Q1 2025 vs 2024. Which is really good because there is a overall decline in spending in Q1 in the city and county and really a national trend
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You don’t even need the data to know consumer sentiment is way down. It’s palpable
So anyone on thoughts when next residential phase might be announced? Seems like most likely avenue the project will move forward in the near term..
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Probably depends on how leasing is going at the newly opened tower. With crude analysis based what’s publicly available on Apartments.com, 93 of the 270 units are leased. It opened in December.
I'd be skeptical of anything in the near future... mostly, because how the hell could you plan any investment in the current (self-imposed) economic climate. But also, and this could be purely anecdotal based on driving past it frequently, it doesn't appear that the first building is leasing all that quickly.
You certainly don't see many lights on in there in the evening.jtlq53 wrote: ↑Jun 23, 2025I'd be skeptical of anything in the near future... mostly, because how the hell could you plan any investment in the current (self-imposed) economic climate. But also, and this could be purely anecdotal based on driving past it frequently, it doesn't appear that the first building is leasing all that quickly.
Let's solve the NW corner of FPP & Vandeventer problem first before jamming something else onto the Foundry property.
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The Foundry was crazy busy Sat afternoon. Went to a 3:30 showing of Superman at the Alamo and the whole place was hopping.
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Yeah, I have seen the same. It is a shame all of this foot traffic and the area could not also sustain the Armory.
Still a few more years before that bridge is put in? 2027/28?STLCityMike wrote: ↑Jul 20, 2025Yeah, I have seen the same. It is a shame all of this foot traffic and the area could not also sustain the Armory.
I don't think attendance specifically at the Armory is why it closed. I was under the impression some of the other ventures there (clubs, office space, etc.) that were slated to happen before Covid fell through, and that's why the initial financing fell through too? That said... the foot bridge should've been prioritized.
Anyway, had lunch at the Foundry around 11:30 on Thursday and couldn't believe how many people were there! Love to see it.
Anyway, had lunch at the Foundry around 11:30 on Thursday and couldn't believe how many people were there! Love to see it.
The Armory closed not because of lack of business but because of how Green Street did other business ventures and structured their debt.STLCityMike wrote: ↑Jul 20, 2025Yeah, I have seen the same. It is a shame all of this foot traffic and the area could not also sustain the Armory.
But sure if you want to tell people the Armory closed because of lack of business: go right ahead.
Correct. 2027 construction.jshank83 wrote:Still a few more years before that bridge is put in? 2027/28?STLCityMike wrote: ↑Jul 20, 2025Yeah, I have seen the same. It is a shame all of this foot traffic and the area could not also sustain the Armory.
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Foot traffic at the Foundry had virtually no impact on the Armory because they are separated by a 4 lane highway.STLCityMike wrote: ↑Jul 20, 2025Yeah, I have seen the same. It is a shame all of this foot traffic and the area could not also sustain the Armory.
Armory lost their HTCs and that basically blew up the overall concept of the place. The business plan was un-sustainable.jtlq53 wrote: ↑Jul 20, 2025I don't think attendance specifically at the Armory is why it closed. I was under the impression some of the other ventures there (clubs, office space, etc.) that were slated to happen before Covid fell through, and that's why the initial financing fell through too? That said... the foot bridge should've been prioritized.
HTCs?stlnative wrote: ↑Jul 21, 2025Armory lost their HTCs and that basically blew up the overall concept of the place. The business plan was un-sustainable.jtlq53 wrote: ↑Jul 20, 2025I don't think attendance specifically at the Armory is why it closed. I was under the impression some of the other ventures there (clubs, office space, etc.) that were slated to happen before Covid fell through, and that's why the initial financing fell through too? That said... the foot bridge should've been prioritized.
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Historic Tax Creditsdweebe wrote: ↑Jul 21, 2025HTCs?stlnative wrote: ↑Jul 21, 2025Armory lost their HTCs and that basically blew up the overall concept of the place. The business plan was un-sustainable.jtlq53 wrote: ↑Jul 20, 2025I don't think attendance specifically at the Armory is why it closed. I was under the impression some of the other ventures there (clubs, office space, etc.) that were slated to happen before Covid fell through, and that's why the initial financing fell through too? That said... the foot bridge should've been prioritized.