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PostSep 05, 2020#51

quincunx wrote:
Sep 04, 2020
Man, the space and awkwardness of the parking. And the extra cost burden of cars and driving on low-income folks. Hope the Grand bus and others are serving them adequately.
I know it's been talked about before, but is the Grand Bus Route the busiest and most frequent of the whole MetroBus network? I think it would benefit from BRT. 

PostSep 05, 2020#52

A few more interior photos. I never posted these on this thread. These come from the Garcia Facebook page way back in 2018.




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PostSep 06, 2020#53

chriss752 wrote:
Sep 03, 2020


Best arrow slits in St. Louis.   



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PostSep 06, 2020#54

chriss752 wrote:
Sep 05, 2020
quincunx wrote:
Sep 04, 2020
Man, the space and awkwardness of the parking. And the extra cost burden of cars and driving on low-income folks. Hope the Grand bus and others are serving them adequately.
I know it's been talked about before, but is the Grand Bus Route the busiest and most frequent of the whole MetroBus network? I think it would benefit from BRT. 
It definitely is, the only one you can really expect a bus to be there in 10-15 minutes whenever you go. Definitely room for bus lanes north of Arsenal.

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PostSep 08, 2020#55

This really is the lynchpin for this area. With a bit of new construction and some "Heart of South City" branding, this could be an extremely productive and connected area. I personally would love to live, work, and play in "The Heart"

As rents and home values continue to rise it's not inconceivable that some of this low productivity property can be converted to 4-6 story mixed use, connecting the surrounding retail strips on Grand and Gravois into a full fledged "district"

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PostSep 08, 2020#56

I thought Grand and Gravois were the "Crossroads of the World"


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PostSep 09, 2020#57

^You can't argue with that. :)

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PostSep 09, 2020#58

quincunx wrote:
Sep 08, 2020
I thought Grand and Gravois were the "Crossroads of the World"

Worldwide Magazine is legendary

PostSep 17, 2020#59

These were posted on Ivan Garcia's Instagram Story the other day...


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PostSep 17, 2020#60

huh... is that concrete? was it tiled at some point?

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PostSep 17, 2020#61

urban_dilettante wrote:huh... is that concrete? was it tiled at some point?
I don’t know. Looks to be concrete with tile around it, but I’ll ask. I think I recall hearing that marble flooring was in-tact. So maybe this is it, just really dirty.

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PostSep 17, 2020#62

oh, wow. yeah i can see that being dirty marble. that would be awesome/beautiful.

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PostSep 17, 2020#63

^^Looks like the original stone tile floor was overlaid by other tile or other covering at some point. Older buildings usually had some settlement issues early on, which caused the tile floors to crack. Then they'd cover them up, especially after all the influencers began raving about the futuristic, progressive material known as "linoleum".

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PostSep 18, 2020#64

^I think I have layer upon layer of those "influencers" in my kitchen I need to peel up one of these days, but I live in terror of what I might find there. I won't luck into that. :) That looks like a really lovely bit of engraved marble. I wasn't even expecting it to have been the original floor, but maybe . . .

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PostJun 28, 2021#65

Project bidding right now. I saw it mentioned on a bidding website the other day. So, it's getting closer.

PostSep 28, 2021#66

Construction fence around the site. Building permit issued last week in the amount of $50,000. I'd say this one is underway.



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PostSep 29, 2021#67

Very good to see. Hopefully turns out nicely.

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PostSep 29, 2021#68

Always been concerned about this building eventually burning down or something equally grim, really glad to see it is going to get a new life.

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PostSep 30, 2021#69

Awesome, I always start getting concerned when the coming soon sign starts looking worse for wear

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PostFeb 04, 2022#70

Garcia pulling out, selling the building.

This isn't a fun or easy post to make.
When we bought the beautiful Grandview Arcade building at 3600 S Grand a few years ago, we were very excited to restore her to her former glory. Without historic tax credits, cool old buildings like this do not survive because they cost so much to restore. We immediately sought state & federal approval of our development plan. This is a complicated process that can & did take a long time (over two years). While working on securing approvals we purchased & began renovating several other properties along South Kingshighway near our office. At the same time, for a variety of reasons including the impacts of Covid, construction costs have skyrocketed. This has affected all our projects. We are a small family business with limited resources & after painstaking consideration we are no longer able to move forward with the Grandview Arcade project.
Our team invested an incredible amount of resources over the last few years on this and we are all very disappointed. We love STL & are committed to helping our city be the best it can be. Therefore, we are going to be looking for a new owner for the Grandview Arcade so that it can secure the investment & attention it deserves as soon as possible.

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PostFeb 05, 2022#71

^Ouch! :( Well, I wish them well and I hope they can find an owner worthy of the project. They're certainly doing a lot of good elsewhere.

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PostFeb 05, 2022#72

Not sure if it helps in finding a new owner, but Ivan Garcia told me via text that the building will be for sale for $500,000, which seems to be a very fair price for something like this. 

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PostFeb 10, 2022#73

chriss752 wrote:
Feb 05, 2022
Not sure if it helps in finding a new owner, but Ivan Garcia told me via text that the building will be for sale for $500,000, which seems to be a very fair price for something like this. 
The listing is now active and includes a ton of interior pictures. It's quite rough but the bones are good. Chris and I were able to draw 22 apartments (6 studio, 16 one-bedroom) into the building + 2 retail spaces. Without an incentive, especially a historic tax credit, making the numbers work is a tricky task but imagine how beautiful this can be.
https://garciaproperties.com/mo-real-es ... s-22007599

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PostFeb 11, 2022#74

eons ago I played pool there with a bunch of Asian gentleman

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PostFeb 11, 2022#75

MTaylorSTL76 wrote:
Feb 10, 2022
chriss752 wrote:
Feb 05, 2022
Not sure if it helps in finding a new owner, but Ivan Garcia told me via text that the building will be for sale for $500,000, which seems to be a very fair price for something like this. 
The listing is now active and includes a ton of interior pictures. It's quite rough but the bones are good. Chris and I were able to draw 22 apartments (6 studio, 16 one-bedroom) into the building + 2 retail spaces. Without an incentive, especially a historic tax credit, making the numbers work is a tricky task but imagine how beautiful this can be.
https://garciaproperties.com/mo-real-es ... s-22007599
What pro forma rents did you use?

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