The owners just don't want to play ball. Not much you can do if they turn down requests.
The silos were actually projected on as a temporary display about 3-4 years ago. There was some talk of a permanent display, but it never came to be.
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Right - article here: https://nextstl.com/2017/12/video-proje ... rain-silo/
And fwiw, we have a dedicated thread for Silo lighting that goes back to 2011: cwe-grain-silo-lighting-project-t8419.html
As well as a similar discussion about what could be done to the silos just a few pages back in this thread (look at page 78). In fact, this is an idea that pops up every few months here. But the reality is that the owners just aren't interested in partnering with any organization to light them or have them painted.
And fwiw, we have a dedicated thread for Silo lighting that goes back to 2011: cwe-grain-silo-lighting-project-t8419.html
As well as a similar discussion about what could be done to the silos just a few pages back in this thread (look at page 78). In fact, this is an idea that pops up every few months here. But the reality is that the owners just aren't interested in partnering with any organization to light them or have them painted.
$32M building permit application submitted for floors 3-7 of Cortex MXquincunx wrote: ↑Sep 14, 2021$5.8M building permit application submitted for Cortex MX Apartments.
I'm glad to see Cortex MX get going. While it would be nice to get the office component going as well, I'd prefer to see the Sandcrawler resume first.
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STL Biz Journal: St. Louis real estate startup raises $8M in Series B funding
Clever Real Estate, a St. Louis-based startup whose software platform connects sellers with local real estate agents, plans to expand its workforce and its reach in the mortgage sector after raising $8 million in Series B funding round.
St. Louis-based Cultivation Capital led the financing, which included strategic investment from The Mortgage Collaborative Emerging Technology Fund of San Diego.
Clever’s platform connects sellers with local real estate agents who then list the seller’s home for a flat fee of $3,000, or 1% for homes over $350,000. The company reached $4 billion in total real estate sold through its platform this year and is on pace to sell over 6,000 homes in 2021, officials said.
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Realtors Association cant be happy with this.gone corporate wrote: ↑Dec 01, 2021STL Biz Journal: St. Louis real estate startup raises $8M in Series B funding
Clever Real Estate, a St. Louis-based startup whose software platform connects sellers with local real estate agents, plans to expand its workforce and its reach in the mortgage sector after raising $8 million in Series B funding round.
St. Louis-based Cultivation Capital led the financing, which included strategic investment from The Mortgage Collaborative Emerging Technology Fund of San Diego.
Clever’s platform connects sellers with local real estate agents who then list the seller’s home for a flat fee of $3,000, or 1% for homes over $350,000. The company reached $4 billion in total real estate sold through its platform this year and is on pace to sell over 6,000 homes in 2021, officials said.
unless you are really bad as an agent, i dont know why you would take a $6,400 shave on a sale of a $350,000 houses....especially in a hot market
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Redfins been undercutting the industry with their agents for a while nowdbInSouthCity wrote:Realtors Association cant be happy with this.gone corporate wrote: ↑Dec 01, 2021STL Biz Journal: St. Louis real estate startup raises $8M in Series B funding
Clever Real Estate, a St. Louis-based startup whose software platform connects sellers with local real estate agents, plans to expand its workforce and its reach in the mortgage sector after raising $8 million in Series B funding round.
St. Louis-based Cultivation Capital led the financing, which included strategic investment from The Mortgage Collaborative Emerging Technology Fund of San Diego.
Clever’s platform connects sellers with local real estate agents who then list the seller’s home for a flat fee of $3,000, or 1% for homes over $350,000. The company reached $4 billion in total real estate sold through its platform this year and is on pace to sell over 6,000 homes in 2021, officials said.
unless you are really bad as an agent, i dont know why you would take a $6,400 shave on a sale of a $350,000 houses....especially in a hot market
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More on GDIT, which was mentioned in the geospatial thread, along with another new tenant for Cortex.
https://www.stltoday.com/business/local ... d74ce.htmlVirginia-based General Dynamics Information Technology has opened its 11,000-square-foot office in the @4240 Building on Duncan Avenue, where 50 employees work to develop new software in high-performance computing, cloud, artificial intelligence and machine learning. San Francisco-based Vir Biotechnology will open laboratory and office space in the same building.
More from the BJ about Vir:
https://www.bizjournals.com/stlouis/new ... C3dymsDffgFounded in 2016, Vir is advancing a portfolio of drug candidates for several infectious diseases, including Covid-19, hepatitis B, influenza A and HIV. The company last month said it inked $1 billion in contracts with the U.S. government for doses of a Covid-19 monoclonal antibody treatment it has developed in partnership with GlaxoSmithKline plc.
Lisa Purcell, Vir’s vice president of microbiology and virology and St. Louis site lead, said the company’s decision to base its local operations at Cortex places it among collaborators that could help advance its product portfolio.
“Our close proximity to distinguished academic and scientific institutions, as well as leading medical centers, will be an important addition to our ongoing efforts to prevent and treat the world’s most serious infectious diseases,” Purcell said.
^ More on Vir's investment in Cortex...
https://ded.mo.gov/content/vir-biotechn ... 6-new-jobs
The Cortex Innovation Community and Washington University in St. Louis announced today that Vir Biotechnology, a San Francisco-based immunology research company, is expanding its presence in St. Louis. Vir will invest more than $41 million and create 36 new jobs.
https://ded.mo.gov/content/vir-biotechn ... 6-new-jobs
The Cortex Innovation Community and Washington University in St. Louis announced today that Vir Biotechnology, a San Francisco-based immunology research company, is expanding its presence in St. Louis. Vir will invest more than $41 million and create 36 new jobs.
Post Dispatch reporting on Cortex MX if I got it right.
https://www.stltoday.com/business/local ... 0d93b.html
^ Yep:
Nice to see.The addition of 30 units of “workforce housing” — apartments with some measure of rent control — to a 161-unit apartment building planned as part of part of the project appears to be one of the main changes since the project went quiet seven months ago.
Glad to see another win for the area, as well as what appears to be another semi-reasonable negotiation of incentives.
That being said, and I know this has been mentioned elsewhere many times before, but it's still shocking to me that an "affordable" 1-bedroom apartment for someone making 80% of the AMI is still almost $1,200 a month.
"Pihl said the project will include about 30 units of “workforce housing,” deemed affordable to someone making 80% of the area’s median income, or $47,550 for a household of one. Affordable annual rent is calculated based on 30% of that figure."
Another interesting but unrelated tidbit, the article states that the 550- to 650-space parking garage would be sold to Cortex.
That being said, and I know this has been mentioned elsewhere many times before, but it's still shocking to me that an "affordable" 1-bedroom apartment for someone making 80% of the AMI is still almost $1,200 a month.
"Pihl said the project will include about 30 units of “workforce housing,” deemed affordable to someone making 80% of the area’s median income, or $47,550 for a household of one. Affordable annual rent is calculated based on 30% of that figure."
Another interesting but unrelated tidbit, the article states that the 550- to 650-space parking garage would be sold to Cortex.
^Yeah, and those units will be restricted to people at that income. I don't foresee a lot of people making $48k lining up to pay $1,200/month.
Works out to 30% of income going to rent. Typical.PeterXCV wrote: ↑Jan 19, 2022^Yeah, and those units will be restricted to people at that income. I don't foresee a lot of people making $48k lining up to pay $1,200/month.
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But 30% of $48k isn’t going to rent. It’s 30% of $38.4K (after state, federal, local etc taxes). So it’s $38.4x .30% = $960 but to qualify for one of these a person making 48 would really be paying 38%. That’s steep. My household pays about 12% of net right now
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Seems they use a similar calculation as banks do to estimate how much home loan you can afford. 30-35% gross income for your monthly payment is the standard.
Back in 2000s when I lived in loft district affordable DT units were 700-850$ (IIRC), and I think adjust for inflation factor 1.29 since 2008 and 1000-1200$ is close to the mark.
Back in 2000s when I lived in loft district affordable DT units were 700-850$ (IIRC), and I think adjust for inflation factor 1.29 since 2008 and 1000-1200$ is close to the mark.
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The 30% is just an arbitrary number congressmen thought sounded good 40 years when the FHA was amended (up from 25%). It’s useless and should replaced with a nuanced calculation. Will never happen though. Landlords and developers would lobby like hell against It.
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Interesting perspective. Never said it was a good metric, only that it’s the standard.
Could be mistaken but this article seems to be related to the stalled Sandcrawler but could be easily mistaken. Behind paywall so going off first few sentences. Anyone with good insight?
https://www.stltoday.com/news/local/gov ... f7a7f.html
https://www.stltoday.com/news/local/gov ... f7a7f.html
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^ no it’s about the same residential project. Apartment the 30 affordable housing units request wasn’t from the Mayor or Alderwoman but from Greater St.Louis Inc as a condition of their $6.4m gap financing for the project. Developer and alderwoman are still negotiating what she’s expecting. So take a seat, this one may go a bit longer