Very cool link. So there is till no new plans unfolding for the fascinating Lemp Brewery?? I am so glad it is a historical protected building.....but what will they do with it? I don't think retail can really work in that part of the city yet unless you are a small antique shop, but even then it has got to be hard. If they make it into lofts or condos???? There has got to be some word out there as to plans. Anyone know?
What's very cool about the complex is that its setup lends itself to a community within the complex. There are very cool "roads" between the buildings and the number of buildings allows for several different types of businesses to locate there. Almost everything you need without having to travel far off the complex for it if you don't want to.
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mickyann wrote:Very cool link. So there is till no new plans unfolding for the fascinating Lemp Brewery?? I am so glad it is a historical protected building.....but what will they do with it? I don't think retail can really work in that part of the city yet unless you are a small antique shop, but even then it has got to be hard. If they make it into lofts or condos???? There has got to be some word out there as to plans. Anyone know?
There are plans...
The Lemp Brewery is under contract and very close to closing.
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Grover wrote:B-head, you're so coy!
Yeah, I wish I could give more info, but I really can't say too much.
But it is two well known St Louis developers getting together for the purchase and project. I expect a big announcement once they close on it.
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Residential? Retail? Any thought to opening part of the caverns?
I don't know how many units you could fit in there, but I'm guessing 250+ and that's not including whatever could be built along Broadway (hoping they don't just make it a big surface lot for residents/customers.
I don't know how many units you could fit in there, but I'm guessing 250+ and that's not including whatever could be built along Broadway (hoping they don't just make it a big surface lot for residents/customers.
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Grover wrote:Residential? Retail? Any thought to opening part of the caverns?
I don't know how many units you could fit in there, but I'm guessing 250+ and that's not including whatever could be built along Broadway (hoping they don't just make it a big surface lot for residents/customers.
Definitely Residential and Retail. The contract does not include the Lemp Mansion which is where the most famous caverns are.
It would be really cool if they could recreate one of the underground beer gardens that used to be in the area. The caves are a really interesting piece of St. Louis history not a lot of people know about.
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buckethead wrote:mickyann wrote:Very cool link. So there is till no new plans unfolding for the fascinating Lemp Brewery?? I am so glad it is a historical protected building.....but what will they do with it? I don't think retail can really work in that part of the city yet unless you are a small antique shop, but even then it has got to be hard. If they make it into lofts or condos???? There has got to be some word out there as to plans. Anyone know?
There are plans...
The Lemp Brewery is under contract and very close to closing.
It was reported in today’s Business Journal That Jac0b Development is days away from closing on the brewery, no specifics where given about plans.
So, buckethead, the BJ says its just Jacob Development, it doesn't say anything about them partnering with anyone. But you said two well-known local developers... Since the cat is already half out of the bag, can we now say that the other is McGowan-Walsh? I know they were looking to bid on it, and they do have close ties with Andy Hillin, so...
Can anyone offer additional information about Jacobs Development? Like city and state of their HQ?
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Matt wrote:Can anyone offer additional information about Jacobs Development? Like city and state of their HQ?
Based in St. Louis - here's a profile on Jacob's Andy Hillin:
El linko
Very interesting read. I have a unit in the Ventana, done by JACOB dev and they have done a fantastic job till date. This interview sheds some light into the management of the project.
By the way, does this settle the guessing as to who Hillin's partnering with for this project? Should be nice IMO.
^Does what settle the guessing? I didn't see anything on their site about the Lemp Brewery.
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^ Well, it's been said in this thread that Jacob Development is partnering with another company - seems to me that the natural partner would be McGowan-Walsh, given the story and all.
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Jacobs is partnering with Jump on the purchase and development.
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Grover wrote:Jump
I'm not familiar with Jump.
I assume David Jump. An impressive man.
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Although he's been largely called a speculator who owned various loft district buildings when they were vacant, there wouldn't be a City Museum, if not for David Jump.
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southslider wrote:Although he's been largely called a speculator who owned various loft district buildings when they were vacant, there wouldn't be a City Museum, if not for David Jump.
That is true.
And it is worth remembering that all the people whining about David Jump had the same chance to buy those buildings that he did. They didn't, and had to pay a higher price later. It's called sour grapes.
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It's called... smart business.
It's called... being in the right place at the right time.
It's called... Nanny Nanny Boo Boo.
It's called... I wish I had thought of that.
It's called... being in the right place at the right time.
It's called... Nanny Nanny Boo Boo.
It's called... I wish I had thought of that.
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^ and the roles are reversed a bit with Lemp. The current owner purchased/stabilized the complex and now stands to reap a substantial return. I say good for them. There's a threshold somewhere where it seems reasonable to flip a property. Jump's lofts and Lemp pass the test for me. Can't wait to see what they do - what a developer/artist's dream!
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(from prettywarstl)
(from prettywarstl)