Nadira Place - 503 N. Tucker Boulevard

Alex Ihnen · PostMay 25, 2007#1012007-05-25T17:29+00:00

Nadira's problem is that it has no street level attraction on Tucker until you get to about 20 feet from Wash Ave.

I think that more retail is better, but Tucker is not going to be a retail street - that's why I don't mind the absence of storefronts. There are many good, walkable streets downtown that have space for retail - let's fill those.

trent · PostMay 25, 2007#1022007-05-25T18:26+00:00

It doesn't have to be retail. It can be an office, and still lend to the streetscape.

the central scrutinizer · PostMay 25, 2007#1032007-05-25T18:37+00:00

innov8ion wrote:
steve wrote:
southslider wrote:A taller building could always still go where the little one-story US Bank is on Tucker. For the corner of Washington and Tucker, I think this shorter building is a good fit for a smaller lot.

Good point. I really wish US Bank would do something better with that property.

I like this building though. Looks sleek. Thanks for posting this, I was wondering what happened with this project!
Right, something should be done with the US Bank Property and the property with Danky Dan's and the spray paint clothing store. Otherwise it's going to look pretty odd w/ the Meridian, Nadira, Park Place, etc nearby.

I think eventually the market will solve this problem.

innov8ion · PostMay 25, 2007#1042007-05-25T18:46+00:00

^ Most likely. And what the market doesn't take care of, eminent domain will. Ha!

the central scrutinizer · PostMay 25, 2007#1052007-05-25T18:51+00:00

innov8ion wrote:^ Most likely. And what the market doesn't take care of, eminent domain will. Ha!

Long live eminent domain!!!!

metzgda · PostSep 13, 2007#1062007-09-13T19:36+00:00

From MayorSlay.com...

Nadira Place, the $9 million development of a new office condominium, retail, and residential condominium development on the southwest corner of Tucker and Washington is being proposed by Tony Thompson, President and CEO of Kwame Building Group. Originally conceived as just a residential and retail development, the office condominiums have been added to the project in response to what Tony says are “many expressions of interest” from office users who want to own their spaces. Kwame’s successful loft historic rehabilitation development next door is now home to a range of small businesses, as well as to new downtown residents. The developer is requesting a $2.1 million TIF.

MattnSTL · PostSep 13, 2007#1072007-09-13T19:37+00:00

I just noticed that a bit ago. Good to see this is still moving forward. It had seemed to stall out for a while.

moorlander · PostSep 13, 2007#1082007-09-13T20:08+00:00

as discussed before, I hope this interest pushes them to add one additional floor. I'd like to see it the same height of it's neighbor.

suburban lou · PostNov 07, 2007#1092007-11-07T17:52+00:00

TIF commission greenlights four projects

By Tim Woodcock

Posted Wednesday, November 7, 2007

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At its Oct. 31 meeting, the city of St. Louis’ Tax Increment Financing Commission approved four TIFs with a total value of almost $5.2 million.

TIF bonds have become a favorite way to support redevelopment projects in the city, with the revenue from property taxes and sales taxes connected with a project being diverted into a special fund to pay for upfront development costs. Although some city leaders have said they would like to see fewer TIFs approved as the city achieves a more stable financial footing, there is no sign of this happening yet.

The most heated discussion was about Kwame Building Group’s proposal for a mixed-use, seven-story building facing North Tucker Boulevard, on a sliver of land next to its offices in the 1200 block of Washington Avenue. The building, called Nadira Place, would contain ground-floor retail space, office space and possibly a top floor of penthouses. The land is currently used as a surface parking lot.

The project has the backing of the mayor’s office, but at the meeting the comptroller’s office expressed reservations about the size of the TIF subsidy because it exceeds the normal threshold of 20 percent of the total project cost.

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framer · PostNov 08, 2007#1102007-11-08T05:28+00:00

Seems like a smart move to shift the focus on this one to office space. I can see that corner being very popular with smaller office users, and with all the residential in the pipeline...

zink · PostNov 09, 2007#1112007-11-09T17:16+00:00

More information:

http://downtownstlbiz.blogspot.com/2007 ... ng-on.html

arch city · PostNov 13, 2007#1122007-11-13T17:05+00:00

Good deal. Let's get it started. It's a great infill.

innov8ion · PostNov 13, 2007#1132007-11-13T19:13+00:00

Looking forward to this as my view will improve. So I wonder what happens to the loft owners that will lose their view of the street and thus take a hit in property value. It's also taking out about fifteen or so parking spaces as well.

debaliviere · PostNov 13, 2007#1142007-11-13T19:16+00:00

innov8ion wrote:Looking forward to this as my view will improve. So I wonder what happens to the loft owners that will lose their view of the street and thus take a hit in property value. It's also taking out about fifteen or so parking spaces as well.

I've wondered that myself. I guess the new building will have to be built with some sort of open "light well" like the Meridian has so as not to block the windows of the Jack Thompson building?

MattnSTL · PostNov 13, 2007#1152007-11-13T19:55+00:00

If I remember right those windows are along the hall that connects the units with the elevator/stairs.

debaliviere · PostNov 13, 2007#1162007-11-13T21:43+00:00

MattnSTL wrote:If I remember right those windows are along the hall that connects the units with the elevator/stairs.

Ah-ha! :smt023

newstl2020 · PostDec 28, 2007#1172007-12-28T01:17+00:00

Anyone heard anything about a starting date? I think this project is going to really enhance the views in this area, and am anxious to see it commence.

stl1991 · PostMar 01, 2008#1182008-03-01T20:58+00:00

yea i was wondering the same thing

tb1000 · PostMar 03, 2008#1192008-03-03T00:37+00:00

I know that the fate of this project was tied to the Metrolink verdict that came down not too long ago. The developer has/had a hand in Metrolink and if he was on the wrong side of the verdict then this project was dead in the water. I'll see if I can find out what's going on.

southslider · PostMar 03, 2008#1202008-03-03T02:42+00:00

^Why would a project in Downtown St. Louis not even a quarter-mile from a MetroLink station depend upon a half-cent tax increase for Metro in St. Louis County (and such tax paying for Clayton-Westport and North Hanley-Florissant extensions)?

MattnSTL · PostMar 03, 2008#1212008-03-03T03:57+00:00

The developer was involved in the court case. Kwame Building Group.

the central scrutinizer · PostMar 03, 2008#1222008-03-03T03:58+00:00

southslider wrote:^Why would a project in Downtown St. Louis not even a quarter-mile from a MetroLink station depend upon a half-cent tax increase for Metro in St. Louis County (and such tax paying for Clayton-Westport and North Hanley-Florissant extensions)?

The same people who are developing this are also involved in the court case (Kwame). I assume they didn't want to sink money into this if they were going to be on the hook for a legal judgement. Their side won, so we can assume that is no longer a concern.

stlcardsblues1989 · PostMar 03, 2008#1232008-03-03T04:45+00:00

For some reason any time I hear the word Kwame I think of Detroit's corrupt mayor.

innov8ion · PostDec 05, 2008#1242008-12-05T21:12+00:00

Whatever happened with this? I thought they won a TIF for this project?

the central scrutinizer · PostDec 05, 2008#1252008-12-05T21:25+00:00

innov8ion wrote:Whatever happened with this? I thought they won a TIF for this project?

I'm guessing the economy happened to it.

Nadira Place - 503 N. Tucker Boulevard

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