^ Happy Holidays to you, too, Scrooge.
Updated to take off the 2035 Lucas/2030 Delmar plan. Having just 2 projects with 67 units planned is pretty depressing.... hopefully something exciting pops up soon
Approximately 807 units are under construction or planned for downtown
Recently Completed
Arcade-Wright - 800 Olive (282 units + Webster U Gateway Campus))
1115 Pine (6 units)
1500 Olive (CityView renovation of Plaza Square #40 Building; 156 units)
Approx. 444 units recently completed
Under Construction
Marquette Building - 304 N. Broadway (10 condos converted from old Y space)
720 Olive (111 units)
1900 Pine - Station Plaza (87 units)
2000 Washington (5 units)
Alverne Building- 1014 Locust (81 units)
Approx. 294 units under construction
Planned
1133 Pine (~ 12 units)
1701 Locust - Dragon Trading (57 units)
Approx. 69 units planned
Keep an Eye On - Potential Projects Bandied About
Possible partial residential conversion of Crowne Plaza Hotel (300 units)
Possible BPV residential tower
Possible residential tower by Drury at Washington and Third
Possible residential conversion of old Millennium Hotel
[/quote]
Approximately 807 units are under construction or planned for downtown
Recently Completed
Arcade-Wright - 800 Olive (282 units + Webster U Gateway Campus))
1115 Pine (6 units)
1500 Olive (CityView renovation of Plaza Square #40 Building; 156 units)
Approx. 444 units recently completed
Under Construction
Marquette Building - 304 N. Broadway (10 condos converted from old Y space)
720 Olive (111 units)
1900 Pine - Station Plaza (87 units)
2000 Washington (5 units)
Alverne Building- 1014 Locust (81 units)
Approx. 294 units under construction
Planned
1133 Pine (~ 12 units)
1701 Locust - Dragon Trading (57 units)
Approx. 69 units planned
Keep an Eye On - Potential Projects Bandied About
Possible partial residential conversion of Crowne Plaza Hotel (300 units)
Possible BPV residential tower
Possible residential tower by Drury at Washington and Third
Possible residential conversion of old Millennium Hotel
[/quote]
^I think the Chemical and/or Union Trust will get done before any of those projects to"keep an eye on." But that's not based on any hard evidence or even rumor.
- 8,155
Curious if anyone knows how prevalent Section 8 housing may be in all the various developments downtown. Not the affordable housing programs subsidizing artists in Arcade, etc. but through the actual Section 8 program.
I thought I'd also post the recent 2015 Housing Occupancy Report from Downtown STL that true-dope posted on the State of Downtown thread:
http://downtownstl.webtestdev.com/wp-co ... -Final.pdf
The data is supposed to be from March, so we've added another 500 units or so since, which is much more than typical. If things lease up decently, I think we could definitely climb from the March count of 8,300 DT/DTW residents to 9.000 by the end of the year.
http://downtownstl.webtestdev.com/wp-co ... -Final.pdf
The data is supposed to be from March, so we've added another 500 units or so since, which is much more than typical. If things lease up decently, I think we could definitely climb from the March count of 8,300 DT/DTW residents to 9.000 by the end of the year.
My mind is mushy on specific dates, but I think these larger projects have all come online since the 2010 census bringing new units to the Downtown neighborhood (east of Tucker):
Gallery 400
Laurel
Tower OPOP
Arcade
Millennium Center
720 Olive
And Alverne soon. There's been some smaller ones as well but am I missing any significant ones of size in downtown proper since 2010?
Gallery 400
Laurel
Tower OPOP
Arcade
Millennium Center
720 Olive
And Alverne soon. There's been some smaller ones as well but am I missing any significant ones of size in downtown proper since 2010?
Leather Trades is a pretty good sized renovation was finished in 2011 or 2012roger wyoming II wrote:My mind is mushy on specific dates, but I think these larger projects have all come online since the 2010 census bringing new units to the Downtown neighborhood (east of Tucker):
Gallery 400
Laurel
Tower OPOP
Arcade
Millennium Center
720 Olive
And Alverne soon. There's been some smaller ones as well but am I missing any significant ones of size in downtown proper since 2010?
- 8,155
^ thanks... I was thinking east of Tucker; of course west of Tucker we also have Park Pacific and Station Plaza among others. (Can't remember the name of the one by Tap Room, but I think it had 40 or so apts., decent size.)
Anyway, we've averaged at least one decent-sized apartment project in the Downtown neighborhood since 2010 and maybe slightly less than that in Downtown West. That's pretty good I think and hopefully we'll see some more solid announcements to keep the momentum going.
Anyway, we've averaged at least one decent-sized apartment project in the Downtown neighborhood since 2010 and maybe slightly less than that in Downtown West. That's pretty good I think and hopefully we'll see some more solid announcements to keep the momentum going.
whoops! did not read your full post - But considering that we didn't reach recovery till 2014 we have had an OK run. If Jeff Arms and Chemical building go it will just about clear up all the obvious big residential conversionsroger wyoming II wrote:^ thanks... I was thinking east of Tucker; of course west of Tucker we also have Park Pacific and Station Plaza among others. (Can't remember the name of the one by Tap Room, but I think it had 40 or so apts., decent size.)
Anyway, we've averaged at least one decent-sized apartment project in the Downtown neighborhood since 2010 and maybe slightly less than that in Downtown West. That's pretty good I think and hopefully we'll see some more solid announcements to keep the momentum going.
- 8,155
^ Yup. Of course there is the RR/X but that is kind of a whole other level of beast. Mercantile hopefully gets tackled, too. LaSalle is a great building but I don't think would have too many units. So it looks like the rehab energy necessarily will move back to Downtown West (and possibly into the Landing and maybe those near north Riverfront warehouses) unless things like the Crowne Plaza and Millennium towers get converted.
^Don't forget about Butler Brothers. That's a HUGE beautiful building with mixed use written all over it.
In regard to the population, I would also take into account that most of the City View towers were empty or being vacated prior to 2010 and they are active and presumably near capacity now.
In regard to the population, I would also take into account that most of the City View towers were empty or being vacated prior to 2010 and they are active and presumably near capacity now.
- 8,155
^ yeah, I can't recall exactly what the state of City View towers were in 2010 -- were 2 completely empty? -- but we should see some growth there for sure.
Also, I came across this from St. Louis Construction News & Real Estate:
Largest Apartment Projects 2015
http://www.stlouiscnr.com/features/arti ... ects_2015/
3 of the 9, were downtown. Not bad!
#8 Station Plaza
#6 Gallery 720
#1 Arcade Apartments
(#4 & #2 were the Standard & West Pine Lofts, respectively)
Also, I came across this from St. Louis Construction News & Real Estate:
Largest Apartment Projects 2015
http://www.stlouiscnr.com/features/arti ... ects_2015/
3 of the 9, were downtown. Not bad!
#8 Station Plaza
#6 Gallery 720
#1 Arcade Apartments
(#4 & #2 were the Standard & West Pine Lofts, respectively)
- 2,430
With the Alverne wrapping up, it sort of is the culmination of a pretty impressive slew of new apartments that came online in the past 18 months or so.... there's the project at 18th & Washington and a few more floors at the 720 Olive tower are still being converted, but that's about it right now.
And unless the 1706 Washington (old CPI building) proceeds soon, it'll be awhile before any other apartment projects get under construction.
And unless the 1706 Washington (old CPI building) proceeds soon, it'll be awhile before any other apartment projects get under construction.
For More U.S. Cities, Downtown Is a Center of Economic Strength
http://www.wsj.com/articles/for-more-ci ... 1470389405
http://www.wsj.com/articles/for-more-ci ... 1470389405
You have to love this quote from a developer who is adding downtown units without tax incentives or abatements. However, I would qualify his quote that buying building stock on the cheap and converting has to be a lot cheaper than new build. The question, is it strong enough to get Railway or Jeff Arms going forward?
http://www.stltoday.com/business/local/ ... 9efaa.html
Hayden said the downtown residential market is strong enough to continue absorbing apartments. Retail will follow, he said.
“Our goal is to generate foot traffic in downtown St. Louis,” he added.
http://www.stltoday.com/business/local/ ... 9efaa.html
Hayden said the downtown residential market is strong enough to continue absorbing apartments. Retail will follow, he said.
“Our goal is to generate foot traffic in downtown St. Louis,” he added.
- 103
I just read that article and was trying to understand what his next apartment project was going to be. I could not exactly figure it out. Can anyone elaborate on what the article was saying?
- 2,430
^ I'll give it a stab... he already has been issued a permit for parking garage ramps for the building at 512 Locust, which is mid-block.... residents will enter there and be able to drive up to their apartment on higher floors in the buildings on either side (the one to the east at the corner of Locust and Broadway is the Mercantile Library Building, which had an unfortunate mid-century re-cladding).
Should be interesting... good thing is that block is so messed up as it is so it's the type of place well-suited for something a bit different.
Should be interesting... good thing is that block is so messed up as it is so it's the type of place well-suited for something a bit different.
Current residential pipeline... although some of these still have a long way to go to imo. There are a couple smaller projects (under 25 units) that I haven't included.
Under Construction:
The Alverne/Gallery 1014 - 81 units
1900 Washington - 36 units
117 units under construction
Planned
The Monogram - 168 units
The Chemical - 125 units
913-921 Locust - 88 units
Jefferson Arms - 239 units
Railway Exchange - 550 units
Mercantile Library - 100+ units (guesstimate)
Ballpark Village - 200+ units (guesstimate)
1470+ units planned
Under Construction:
The Alverne/Gallery 1014 - 81 units
1900 Washington - 36 units
117 units under construction
Planned
The Monogram - 168 units
The Chemical - 125 units
913-921 Locust - 88 units
Jefferson Arms - 239 units
Railway Exchange - 550 units
Mercantile Library - 100+ units (guesstimate)
Ballpark Village - 200+ units (guesstimate)
1470+ units planned
Hopefully we can get some more under construction soon by early next year during spring
Is The Monogram (1706 Wash) still not under construction? It was supposed to start in September.
- 2,430
^ I don't believe so... not sure if it's too early to be worried about but no permits have been applied for yet and I think it has all the city incentives in place. So we'll see.
Also, I fixed some of the unit counts for a couple of the proposed projects.
Also, I fixed some of the unit counts for a couple of the proposed projects.
Mercantile Library is underway with some work and Monogram finally got a building permit submitted so hopefully that will get going soon but I think that will be about it for the first half of the year.... maybe something along the lines of this in terms of hopeful timeline
Under Construction:
The Alverne/Gallery 1014 - 81 units
1900 Washington - 36 units
Mercantile Library - 100+ units (guesstimate)
117 units + Mercantile under construction
Planned
Likely to start soon
The Monogram - 168 units
Slated to start Second Half 2017
Jefferson Arms - 239 units
Ballpark Village - 300 units (guesstimate)
913-921 Locust - 88 units
Not firm
The Chemical - 125 units
Railway Exchange - 550 units
Crowne Plaza Partial Conversion - 300 units
A few changes to update recent activity,,, Monogram construction underway and the Landing project should start soon. Also, I'm not sure if all the units are finished with Gallery 1014 but I think its pretty much complete. Overall, not too shabby if things go well:
81 units recently completed
204 units under construction plus whatever is going on with Mercantile Library project
600+ units in the pipeline for possible 2017 starts
675-1000+ units in more speculative pipeline
Recently Completed
Gallery 1014 (Alverne) 1014 Locust - 81 units
Under Construction:
The Monogram 1700 Washington - 168 units
1900 Washington - 36 units
Mercantile Library - 100+ units (guesstimate)
Planned
Projected to start First Half 2017
701 N 1rst - 26 units
Hotel Saint Louis - 12-18 units
Projected to start Second Half 2017
Jefferson Arms - 239 units
Ballpark Village - 300 units
913-921 Locust - 88 units
Not firm
The Chemical - 125 units
Railway Exchange - 550 units
1133 Pine - a few units
Henschel Hat Building (1706 Olive) - unknown # units
Crowne Plaza Partial Conversion - 300 units (Not sure if this is still the plan for owners)
81 units recently completed
204 units under construction plus whatever is going on with Mercantile Library project
600+ units in the pipeline for possible 2017 starts
675-1000+ units in more speculative pipeline
Recently Completed
Gallery 1014 (Alverne) 1014 Locust - 81 units
Under Construction:
The Monogram 1700 Washington - 168 units
1900 Washington - 36 units
Mercantile Library - 100+ units (guesstimate)
Planned
Projected to start First Half 2017
701 N 1rst - 26 units
Hotel Saint Louis - 12-18 units
Projected to start Second Half 2017
Jefferson Arms - 239 units
Ballpark Village - 300 units
913-921 Locust - 88 units
Not firm
The Chemical - 125 units
Railway Exchange - 550 units
1133 Pine - a few units
Henschel Hat Building (1706 Olive) - unknown # units
Crowne Plaza Partial Conversion - 300 units (Not sure if this is still the plan for owners)
When does the residential/office report come out for downtown? Seems like it's usually released around this time. I'm interested to see their estimates for 2017. My estimates for downtown core population 2020 is upward of 5,000
- 8,904
What boundaries are you using for "downtown core?"