Jefferson Arms Apartments - 415 North Tucker Blvd

JJ Rivera · PostAug 23, 2021#4262021-08-23T23:25+00:00

bprop wrote:
JJ Rivera wrote: ↑
Aug 23, 2021
LOL… Does this guy has a bad rep? Like I’m learning all this stuff and read it on other news sources. How do you know he hasn’t gotten any financing and all of it is BS? Again I’m just learning not trying to funny.

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https://www.dallasnews.com/business/rea ... egal-woes/

He calls himself the Turkish Trump. The real estate developer says he chases deals across former Soviet republics, Central America and Africa. He boasts of advising government leaders around the world and teams up with foreign investors whose names he won't reveal.

He is Mukemmel "Mike'' Sarimsakci, an admirer of President Donald Trump. And he is ready to help launch the Trump Organization's new Scion brand with a hotel in downtown Dallas.

But in teaming up with Sarimsakci, the Trump family business has chosen a man with a checkered business history and murky international ties who is prone to floating big plans for projects that don't always materialize, a Dallas Morning News investigation found.

Wow! Just the read the whole thing!! Well its sad that the city allowed or did any type of business with a person with this record! Hopefully it gets developed but after reading this I doubt it. Hopefully I’m wrong!!

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PostSep 03, 2021#4272021-09-03T00:45+00:00

Is this a good sign or what?
Any updates or news?

https://www.bizjournals.com/stlouis/new ... pment.html

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dbInSouthCity · PostSep 03, 2021#4282021-09-03T01:41+00:00

This is the opposite of good, they wouldn’t be putting lipstick on a pig if development was about to start.

JJ Rivera · PostSep 03, 2021#4292021-09-03T01:47+00:00

dbInSouthCity wrote:This is the opposite of good, they wouldn’t be putting lipstick on a pig if development was about to start.

Noooo!!! I was getting excited for a minute lol!!

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dbInSouthCity · PostSep 07, 2021#4302021-09-07T15:26+00:00

I saw some people from an electrical company go into this building today. They were carrying plans

JJ Rivera · PostSep 07, 2021#4312021-09-07T15:27+00:00

dbInSouthCity wrote:I saw some people from an electrical company go into this building today. They were carrying plans

Sooo last message might be wrong? Lol… Lets hope!!

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PostSep 10, 2021#4322021-09-10T20:48+00:00

Just saw this and I know there’s like a 95% of not happening it all any time soon but articles talking about it gives me hope!

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wabash · PostSep 10, 2021#4332021-09-10T21:11+00:00

Enough with the PR push for an abandoned building. The beautification/art installation effort is fine, but press releases, tweets and generally telling people to "head downtown" should be focused on actual events, organizations and operating businesses.

If you're heading Downtown go to Wash. Ave., City Garden, Old Post Office Square, Soldiers Memorial, City Museum, Blues Museum, Arch Grounds, Union Station, Schlafly Tap Room, etc... not some abandoned stretch of Tucker with a few posters up.

JJ Rivera · PostSep 10, 2021#4342021-09-10T21:13+00:00

wabash wrote:Enough with the PR push for an abandoned building. The beautification/art installation effort is fine, but press releases, tweets and generally telling people to "head downtown" should be focused on actual events, organizations and operating businesses.

If you're heading Downtown go to Wash. Ave., City Garden, Old Post Office Square, Soldiers Memorial, City Museum, Blues Museum, Arch Grounds, Union Station, Schlafly Tap Room, etc... not some abandoned stretch of Tucker with a few posters up.

Keep your hopes up

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sc4mayor · PostSep 10, 2021#4352021-09-10T21:20+00:00

wabash wrote: ↑
Sep 10, 2021
Enough with the PR push for an abandoned building. The beautification/art installation effort is fine, but press releases, tweets and generally telling people to "head downtown" should be focused on actual events, organizations and operating businesses.

If you're heading Downtown go to Wash. Ave., City Garden, Old Post Office Square, Soldiers Memorial, City Museum, Blues Museum, Arch Grounds, Union Station, Schlafly Tap Room, etc... not some abandoned stretch of Tucker with a few posters up.

Seriously. I'm all for showcasing local (especially amateur photographers), but just let people notice them on the walk by. Stop drawing attention to this giant, empty beast. At least they're framing it as before a "planned $100 million renovation" that most of us know won't happen.

Tim · PostSep 20, 2021#4362021-09-20T20:02+00:00

This is hilarious.

mikenewell48 · PostMay 03, 2022#4372022-05-03T21:16+00:00

At&T Bell tower Somera Road has a wide variety of projects in their background (office, retail and residential). I imagine what will be seen here is a mixture of those three + a hotel
No lovin for the Jefferson Arms? Smaller building

JJ Taino · PostMay 05, 2022#4382022-05-05T20:59+00:00

Are this $20M credits expired or whats the status on this for what it seems JA Building is the only one not making noise this 2022.

https://rebusinessonline.com/st-louis-b ... -building/

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dbehrens011 · PostJul 13, 2022#4392022-07-13T21:19+00:00

There are some behind the scenes work still happening on this. I can’t release any details but my firm was engaged to do some due diligence work. Some news is still good news, right? Hotel (225 rooms), apartments (235 units, and retail (29,000) still planned.

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chriss752 · PostJul 13, 2022#4402022-07-13T22:11+00:00

Good to hear. Alterra is still involved?

dbehrens011 · PostJul 14, 2022#4412022-07-14T02:24+00:00

chriss752 wrote:Good to hear. Alterra is still involved?

Yes.

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STLAPTS · PostJul 14, 2022#4422022-07-14T02:54+00:00

He must have found a partner with deep pockets.

sc4mayor · PostJul 14, 2022#4432022-07-14T04:23+00:00

^ Greater St. Louis?

(No inside knowledge here…would be in their ballpark though…)

GoHarvOrGoHome · PostJul 15, 2022#4442022-07-15T14:14+00:00

I find it hard to believe long stalled projects like this that couldn't get going in the good times will suddenly gain traction in the higher interest rate/inflation environment we will be enjoying for the next couple years.

PeterXCV · PostJul 15, 2022#4452022-07-15T14:16+00:00

Pyramid really sh!t the bed kicking out all those seniors in the 2000s just to go belly up and then have the building sit vacant indefinitely.

STLAPTS · PostJul 16, 2022#4462022-07-16T17:20+00:00

GoHarvOrGoHome wrote: ↑
Jul 15, 2022
I find it hard to believe long stalled projects like this that couldn't get going in the good times will suddenly gain traction in the higher interest rate/inflation environment we will be enjoying for the next couple years.

I've always been suspect and critical of Alterra's ability to place the financing needed for the project. With that being said, debt products exist that take 1.5 - 2 years to close that allow rate lock at application. So, in theory, they could have locked year ago, started the process, and now are on the verge of closing. That would surprise me but possible.

dbInSouthCity · PostAug 10, 2022#4472022-08-10T23:53+00:00

This project has secured financing

mikenewell48 · PostAug 11, 2022#4482022-08-11T01:28+00:00

This project has secured financing

Remind me again who's/what/which project this is?(there have been a few proposed )

dbInSouthCity · PostAug 11, 2022#4492022-08-11T01:35+00:00

$145m mixed use project of apartments and hotel

RockChalkSTL · PostAug 11, 2022#4502022-08-11T01:59+00:00

dbehrens011 kind of teased this a few weeks back.

225 apartments
235 hotel rooms
29,000 sq ft of retail

Jefferson Arms Apartments - 415 North Tucker Blvd

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