urbanSTL

dweebe wrote:So can someone explain to me why I need to be pissed off at CITY SC and the Taylors?

Two more sites are for sale in Downtown West, near the soccer stadium, and could make for a redevelopment opportunity.
They're about half a mile from the CityPark Major League Soccer stadium that opened last year, at 1917 Delmar Blvd., and 1900 Martin Luther King Jr. Blvd.

And they're owned by businesses associated with Kansas City-based Abbott Properties, the owner of several other full city blocks near the stadium that went on the market last month. No asking price is being publicly posted for the properties. The Delmar property was appraised by the city assessor at $319,260, and the Martin Luther King property was appraised at $37,534, city records show.
The two newest properties offered for sale, which together comprise about three-quarters of a city block, have some vacant space and a few buildings, including one historic former candy factory, said broker Garen Lafser of Salient Realty, which is serving as the broker for all the Abbott-owned sites.
The new sites total about 2.07 acres and have about 51,000 square feet of buildings, according to the marketing brochure. A three-story brick building, the historic former Jack Rabbit Candy Co. factory, occupies part of the site and could be redeveloped for a new use, Lafser said. The structure is listed on the National Register of Historic Places. The site at 1900 MLK has a one-story warehouse that was occupied as recently as 2018, but would not be considered a historic building, Lafser said.
The part of the block that’s not owned by Abbott is the current location of Fritz Brothers Cutlery, a knife and cutlery supplier that owns its building.
Abbot Properties purchased the sites around 2018, along with the other sites purchased around the same time, with the intent on redeveloping them, Lafser said. That project was stopped amid the Covid-19 pandemic.

A number of new apartment projects and mixed-use developments have opened or are in the works in the blocks around CityPark, which a group of developers in the area have sought to rename as a new neighborhood district called City Commons. Among the projects that have already opened, the largest is Memphis-based Development Services Group's $130 million conversion of the historic Butler Brothers warehouse into more than 400 apartments called The Victor. St. Louis-based AHM Group plans a series of apartment and office projects that could total more than $200 million in development.
In what might be the area's biggest remaining opportunity for redevelopment, two sets of properties that make up four full city blocks went up for sale last month from Abbott. The land, a total of about 8 contiguous acres separated by streets, is mostly vacant and used as parking lots. One of the sites, at 2201 Delmar Blvd., has an industrial factory that will be vacated next year and could be reused or demolished.

dbInSouthCity wrote:Buyer of 2315 Pine is 2315 Pine LLC (registered 9/18) paid cash $1,388,746 on 9/23 & registered agent of the LLC is a Thompson Coburn attorney. TC has a long term relationship with Enterprise. (And I assume 2345 Pine LLC is the new buyer of 2345 Pine) Sleuth level: undefeated

dredger wrote: ↑

Oct 02, 2024

^ Exactly nothing more or nothing less which for all intents and purposes means land banking until an actual permit is pulled and boots are on the ground to build something.   Renderings to me are absolutely meaningless indication and nothing more than an owner want to give someone a feel good feeling at minimal cost to themselves.

whitherSTL wrote:Economic conditions have to be near perfect to build something new and substantial in a no-growth market.