urbanSTL

I would just like to know: Does anyone have any concrete evidence that Four Seasons is officially on board with the Pinnacle Tower?

^ Just my friend who works for Pinnacle. BTW, Pinnacle is really excited about the entering the St. louis market and many of their employees want to be transferred here when it opens in November.

Other Pinnacle news:

They just purchased the Sands in Atlantic City.

They plan to enter the Las Vegas market within the next 5-6 years.

BTW, Pinnacle is really excited about the entering the St. louis market and many of their employees want to be transferred here when it opens in November.

Of their properties I'm aware of I guess this makes sense. One is in between Cincinnati and Louisville, another is some distance from Dallas, another in Louisiana. They're kind of off the beaten path. It looks like St. Louis will be there first in the center of an already established destination/city.

anyone know how many jobs (non construction) Pinnacle will be creating for the dt and Lemay Casinos?

I was down on the landing today for work. I drove up 1st street to get a view of the project and I noticed they started putting up the glass on the north-eastern corner... and a little on the northern facade. The lower floors are really starting to take shape. I am down there again tomorrow so I will try to snap some photos

They recently updated the pinnacle website. On the homepage they have scrolling images, one of which is of the model for the residential/entertainment development that goes along with the casino. I know we saw the picture earlier in the thread, but it was pretty small. Does anyone know where this can be found?

wheelscomp wrote:They recently updated the pinnacle website. On the homepage they have scrolling images, one of which is of the model for the residential/entertainment development that goes along with the casino. I know we saw the picture earlier in the thread, but it was pretty small. Does anyone know where this can be found?

I snagged the scrolling image on their website and pieced it together below. It looks very dense which is great - just too bad it will all be completely new if built.







If they build this AND keep on their agreement to build Port St. Louis, they'll own a good portion of the landing's real estate.

Its kinda hard to tell from that image, but it looks like they're gonna put all the new stuff up on some kind of elevated platform. A super-block, if you will. Meaning no connection to the river. Seems like a shame to me.

^It looks like a levee to me. Just some protection of a major investment. The reason Port St Louis works so close to the river is because its on a sort-of platform to begin with and its first few floors are parking garage. In the event of a flood, not much would be damaged. I think we would have some highrise developments like that down by the river already if the opposite bank wasnt so unattractive...

Wouldn't it basically be illegal to build so close to the river without taking flood precautions? If it's not illegal, it would be stupid. It also could be possible that this is concealed parking.

^ and don't forget that there's a functioning train line between this site and the river. With the boat still anchored you would imagine that there would be some sort of connection. Unfortunately the Mighty MR doesn't lend itself to at-grade amenities.

It is kinda hard to tell from the model but it may just be that the model is in two pieces that the apparent difference in elevation of the buildings and the railroad could be an error with perspective. Also, wouldn't building a block that large cut them off from the landing as well.

anyone know teh odds of this coming to fruition? Certainly look promising. If this gets built then I think we can safely say that Slay/Stanley succeeded here

hmmm .... 1 billion dollars of residential development? Should I start getting my hopes up? Any chance that they will keep an "urban" environment around the casino? Or will they keep resteraunts and shops out for fear that they would compete with the casino itself ....

all in all .... this development looks like a real winner so far. I don;t LOVE the building - but I'm glad to have it.

In November, Pinnacle announced subsequent phases to the 20-acre development could top $1 billion. Additional phases, based on market demand, include plans for eight residential buildings totaling 375 condos, and 220,810 square feet of commercial space.

hmmm, Bottle District?

^ Interesting. I think they have plenty of room between the tower and the river for a couple hundred condos and a couple hundred thousand feet of retail . . . so maybe not the BD site, but it certainly seems that it will take the BD's place.

i think they're referring to the land adjacent to the casino .... i think they're talking about the renderings we have on this thread ..... combine that with the casino and you could easily get a billion dollars ....

it will be interesting to see how this ties to the street. There are plans for retail along side the casino, but the parks that everyone can see are on the garage roof-deck. Note the infinity pool overlooking the river. The traintracks are to scale, they are below the top of the park/deck. I know safety is a concern for them, which is probably why they created this secure park area. Lee, of Pinnacle, said they would control safety on the 20 acre site. He mentioned that Boatmens had originally owned some of the land and had originally planned to build a tower on it before being purchased by BOA. everyone on here should join ULI (urban land institute).

The $1 billion figure included the casino and the lemay development.



He also seemed frustrated with the state leg. bible thumpers efforts to maintain the loss limits. He said the full scale of development will cannot be realized until the loss limits are removed without with a tax increase of no more than 2%.



Had some good reasoning on loss limits:



Loss limit is regressive, since big betters won't play MO casinos, most of the taxes are coming from low and middle income gamblers. Loss limit doesn't prevent anyone from losing money they can't afford, that's up to the gambler no matter how much they earn.



Having to get a loss limit card is a pain for gamblers and casino, especially when big events let out, why wait in line when the Queen is just a couple of minutes away. Imagine when a Rams game let out if 600 people came to the boat and needed to get a card.



High rollers won't come to St. Louis. Lee said if the Rams were playing the Bears, they could call a list of high-rollers from Chicago comp their game tickets, hotel room and a meal. These people would spend money other places in downtown.



Back to the bible-thumpers, Lee said that a congressman from Lee's Summit said he could round up support for removing the loss limit if Pinnacle would throw its weight behind the anti-stem cell research legislation.

Actually, at the ULI presentation yesterday Lee said the combined investment of the Lemay and Downtown project, plus phase II of Lumiere Place would total $1 billion of unsubsidized investment in the St. Louis area. This squares with the numbers Pinnacle has on their website.



$475 MM Downtown

$375 MM Lemay

plus additional phase II development



Looks like JCity was at the presentation as well and confirm.

they're trying to get pinnacle to side against stem cell research??? why in god's name would pinnacle throw its influence behind that?

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