Downtown won't be seeing anything soon in new construction besides BPV. My good friend, Jim Moseby, is a real estate stalwart (he's doing the Centene deal)....Both residential and commercial snoop around downtown all the time and come away with little interest. Dominant reason: security.
^ Agree that BPV will be the only new residential construction for a while which I think is fine even though I like the idea of Drury's tower floated for landing.
I also tend to be believe that the whole security issue is also becoming a convenient/political distraction. The biggest reason is the amount of space to fill out Jeff Arms, Railway and Chemical to lesser extent that can be done on a much cheaper unit price while new construction will require a price/rent point that will be tough to find enough demand between Clayton, CWE and Downtown at same time.
A lot of affordable units can be added downtown and should be while Scottrade upgrades, MLS stadium and CVC upgrades need a find a way to happen in order to continue the healthy downtown hotel room occupancy & projects going forward that are taking up the slack from Millenium closing