urbanSTL

I think the problem (I suppose I'm stating the obvious here) is that apartment, retail, and commercial rents just don't justify new construction on S. Grand. The Central Corridor is seeing activity because of all of the employment and entertainment centers and the best transit access in the region (notably overlapping Metrolink service). S. Grand while charming and somewhat stable just doesn't have the same growth engines, has a huge amount of inexpensive housing, and is surrounded by neighborhoods which lost population in the last census.

While gentrification can decrease the supply of housing while also decreasing population, I don't think it's enough to encourage new development yet.

wabash wrote:I think the problem (I suppose I'm stating the obvious here) is that apartment, retail, and commercial rents just don't justify new construction on S. Grand.

There is a group of neighborhood residents knowledgeable in planning and development that are working on laying the groundwork for new developments in the corridor from 44 to Tower Grove.

The issue is site control, not rents. The Pelican/YMCA site ownership was/is a mess. The other main property prime for development just south of Subway is owned by AT&T who has not been willing to sell to this point.

Rents could support new construction, with some incentives. It is doable, and there are developers with interest.

Tables, what tables???



And more tables!!



and a look at the entrance

There's a party going on there right now...they must be opening soon!
They installed the huge egg-shaped sign out front today, too

That whole building is the restaurant? Wow.

I think the kitchen is in the basement if I recall.

George Mahe estimates opening as early October:

http://www.stlmag.com/dining/september% ... d-almosts/