are you saying you don't know what was announced in that meeting? pretty surprising since you the know all guydbInSouthCity wrote: ↑Sep 20, 2024GAPF held a press conference at 10:00 am to announce and their next steps. Should probably see it in the 12 pm news
As a Eero Saarinen Society member, legally speaking i think i am now a part owner of the hotel site, so as part owner i know everything....
why? it seems with a reasonably broad community of commentators this is accepted as self evident. I see No reason why this would be the case unless there is something about the property that makes redevelopment harder or riskier due to schedule or budget unknowns. Any thought on why a large developer of urban high rises wouldn't be able to capture demo as a part of their overall proposed project costs.beer city wrote: ↑Sep 20, 2024The parcel will be more marketable with the hotel gone, or at least remediated,...
That corner is slated to get 2 hotels and a high end restaurant for $125 million.chris fuller wrote: ↑Sep 23, 2024Any thought on why a large developer of urban high rises wouldn't be able to capture demo as a part of their overall proposed project costs.
Is that what happened at the NW corner of Market and Jefferson? And we are left with an empty hole.
It's because a developer that has a vision for a development does not want to have to modify their development to fit a pre-built structure that is often decades and decades old. Retro-fitting those buildings add costs and tearing then down add costs.STLEnginerd wrote: ↑Sep 23, 2024why? it seems with a reasonably broad community of commentators this is accepted as self evident. I see No reason why this would be the case unless there is something about the property that makes redevelopment harder or riskier due to schedule or budget unknowns. Any thought on why a large developer of urban high rises wouldn't be able to capture demo as a part of their overall proposed project costs.beer city wrote: ↑Sep 20, 2024The parcel will be more marketable with the hotel gone, or at least remediated,...
I am not 100% sure that is still happening, i think it is but my source at Midas hasnt mentioned it in a long time. i know they're focused on 14th and Spruce hotel right nowAuggie wrote: ↑Sep 23, 2024That corner is slated to get 2 hotels and a high end restaurant for $125 million.chris fuller wrote: ↑Sep 23, 2024Any thought on why a large developer of urban high rises wouldn't be able to capture demo as a part of their overall proposed project costs.
Is that what happened at the NW corner of Market and Jefferson? And we are left with an empty hole.
That's not the question. I just reject the idea that a developer will not be able to envision a plan for the site until the hotel is gone which SEEMS to be the assertion. If i am misunderstanding the position please clarify for me.Auggie wrote: ↑Sep 23, 2024It's because a developer that has a vision for a development does not want to have to modify their development to fit a pre-built structure that is often decades and decades old. Retro-fitting those buildings add costs and tearing then down add costs.STLEnginerd wrote: ↑Sep 23, 2024why? it seems with a reasonably broad community of commentators this is accepted as self evident. I see No reason why this would be the case unless there is something about the property that makes redevelopment harder or riskier due to schedule or budget unknowns. Any thought on why a large developer of urban high rises wouldn't be able to capture demo as a part of their overall proposed project costs.beer city wrote: ↑Sep 20, 2024The parcel will be more marketable with the hotel gone, or at least remediated,...
So, a developer would be more inclined to find a parking lot or empty lot to build new than try redeveloping something like AT&T or Millennium.
https://www.stltoday.com/news/local/gov ... 9ed32.htmlA St. Louis development board on Tuesday gave initial approval for 20 years of tax abatement to support an eventual redevelopment of the Millennium Hotel.
I'm optimistic that there are proposals (plural) and can't wait to hear about them. I do fear that one of the proposals would be to somehow fold this into the Arch Grounds or make more green space, something we already have way too much of downtown. I don't have any basis or knowledge, just a feeling based on the past. But I'll stay positive that there will be an actual impactful proposal in there!quincunx wrote: ↑Jan 22, 2025KMOV - New redevelopment proposals submitted for Millennium Hotel site in downtown St. Louis
“The Millennium Hotel site is at such a critical location in downtown St. Louis. It has been vacant for 10 years, it’s time for something to happen and what needs to happen there is something we as a community, St. Louisans, can be proud of. That site needs to be an economic engine again, it needs to be stunning, it needs to connect downtown to the Arch, and to Ballpark Village and to Busch Stadium, and the rest of everything downtown,” said Ryan McClure with the Gateway Arch Park Foundation.
https://www.firstalert4.com/2025/01/20/ ... -st-louis/
