^ Yeah, considering the circumstances, nearly 80% occupied only about a year and a half in seems pretty strong considering the price point.
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Claiming “quite the opposite” implies fast or rapid. My use of slow might be inaccurate, but it’s definitely not “rapid”. It’s nearing 2 years and not stabilized. Market rate stabilization occurs around 93%. I still think leasing is doing well considering how expensive it is, was/is my point.
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The lease up would not be considered slow. I don't know the exact date construction was finished, assuming 15-18 months, it would be as expected or ahead of schedule. If it helps, you could call it fastish. If you take into consideration rent rate and pandemic it has leased up quick. I would be very surprised if underwriting had it leasing up in any less than two years.
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I literally just said it wasn’t “slow” I was wrong on my word usage. But it’s not fastish either. It’s still quite awhile off from stabilization, and there will be upcoming tenant turnover naturally. It’s not doing bad that’s for sure at those prices.
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Every industry standard would consider it to be fastish or whatever you'd like to call faster than expect but not rapid. Cheers.dbehrens011 wrote: ↑Feb 22, 2022I literally just said it wasn’t “slow” I was wrong on my word usage. But it’s not fastish either. It’s still quite awhile off from stabilization, and there will be upcoming tenant turnover naturally. It’s not doing bad that’s for sure at those prices.
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Over 2k/mo for a studio...
I know there are a bunch of building amenities that come with that price, as well as the walkability and convenience of the CWE, but could someone shed some light on the type of individual that would shell out that kind of dough? Seems pricy for a med student, unless the parents are wealthy and supporting them. And if you're a healthcare professional that wants to walk to the medical campus, I personally would find another cheaper apartment nearby with at least one bedroom. Is it all just for the flex of living in the building? But even then, someone living in a studio isn't going to be having lots of guests over, at least at one time, to really show it off. Maybe I'm just poor, but what demographic are those studios geared towards?
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I know there are a bunch of building amenities that come with that price, as well as the walkability and convenience of the CWE, but could someone shed some light on the type of individual that would shell out that kind of dough? Seems pricy for a med student, unless the parents are wealthy and supporting them. And if you're a healthcare professional that wants to walk to the medical campus, I personally would find another cheaper apartment nearby with at least one bedroom. Is it all just for the flex of living in the building? But even then, someone living in a studio isn't going to be having lots of guests over, at least at one time, to really show it off. Maybe I'm just poor, but what demographic are those studios geared towards?
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I personally know 2 people that live in 100 and I can assure you both of them are not living off of mom and dad and are also not Med students or Med staff. I have also talked with several soon to be retirees that just want a lot of amenities with no personal maintenance. If I wasn’t starting a family I wouldve thought about this place or 1CW as a potential home for a year or two. There is certainly a market for this apartment type. Hopefully the lot next door can add some more and compete.Miss Shell wrote:Over 2k/mo for a studio...
I know there are a bunch of building amenities that come with that price, as well as the walkability and convenience of the CWE, but could someone shed some light on the type of individual that would shell out that kind of dough? Seems pricy for a med student, unless the parents are wealthy and supporting them. And if you're a healthcare professional that wants to walk to the medical campus, I personally would find another cheaper apartment nearby with at least one bedroom. Is it all just for the flex of living in the building? But even then, someone living in a studio isn't going to be having lots of guests over, at least at one time, to really show it off. Maybe I'm just poor, but what demographic are those studios geared towards?
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There are only around 22 studios in the whole building. So they don't need to find a whole lot of people from any demographic to get those filled.Miss Shell wrote: ↑Feb 22, 2022Over 2k/mo for a studio...
I know there are a bunch of building amenities that come with that price, as well as the walkability and convenience of the CWE, but could someone shed some light on the type of individual that would shell out that kind of dough? Seems pricy for a med student, unless the parents are wealthy and supporting them. And if you're a healthcare professional that wants to walk to the medical campus, I personally would find another cheaper apartment nearby with at least one bedroom. Is it all just for the flex of living in the building? But even then, someone living in a studio isn't going to be having lots of guests over, at least at one time, to really show it off. Maybe I'm just poor, but what demographic are those studios geared towards?
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My understanding is that they're geared toward high-income people that might not be in STL for a long time but want all the amenities and security while they're around. Think interim C-suite people and athletes. I know a couple Cardinals players live at 100.Miss Shell wrote: ↑Feb 22, 2022Over 2k/mo for a studio...
I know there are a bunch of building amenities that come with that price, as well as the walkability and convenience of the CWE, but could someone shed some light on the type of individual that would shell out that kind of dough? Seems pricy for a med student, unless the parents are wealthy and supporting them. And if you're a healthcare professional that wants to walk to the medical campus, I personally would find another cheaper apartment nearby with at least one bedroom. Is it all just for the flex of living in the building? But even then, someone living in a studio isn't going to be having lots of guests over, at least at one time, to really show it off. Maybe I'm just poor, but what demographic are those studios geared towards?
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StlToday - City views highlight art-filled apartment in Central West End
https://www.stltoday.com/lifestyles/hom ... a3312.html
https://www.stltoday.com/lifestyles/hom ... a3312.html
Also, a nice cover article in the February issue of Informed Infrastructure magazine.
https://informedinfrastructure.com/7092 ... ontents-2/
https://informedinfrastructure.com/7092 ... ontents-2/
Did a little Excel exercise on One Hundred a few days ago.
Overall occupancy rate - 78%
Studios - 100%
1 BR. - 78%
2 BR. - 73%
3 BR. - 70%
Apartments available - 69; of which 58 are on the 15th floor or above. And, 37 of the 69 (54%) are park view, including all three of the park view penthouses.
Don't know this says or if this is good or bad. But the Albion news will not make it easier to lease North facing units.
Overall occupancy rate - 78%
Studios - 100%
1 BR. - 78%
2 BR. - 73%
3 BR. - 70%
Apartments available - 69; of which 58 are on the 15th floor or above. And, 37 of the 69 (54%) are park view, including all three of the park view penthouses.
Don't know this says or if this is good or bad. But the Albion news will not make it easier to lease North facing units.
MY BAD. There are 13 units listed as available - but which are still occupied. Some empty out in the next week, some in next few months. Assume this 'float' will be consistent. So Occupancy (versus Availability) is much better looking:
Overall Occupancy- 82%
studio. - 100%
1 BR. - 83%
2 BR. - 77%
3 BR. -70%
Overall Occupancy- 82%
studio. - 100%
1 BR. - 83%
2 BR. - 77%
3 BR. -70%
This is about 75% full according to the website. Only floors 7, 20, 24, 25 and 35 are fully leased. Other floors have vacancies with floor
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If you search units available between now and next 5 months it shows just 36 out of 315 for a 88.5% occupancy rate
Great News.dbInSouthCity wrote: ↑Jul 01, 2022If you search units available between now and next 5 months it shows just 36 out of 315 for a 88.5% occupancy rate
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^Can't wait to see how Albion will change this view.
And, then, if we want to really look forward into the future, how a development at Euclid & Lindell might change this view.
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And, then, if we want to really look forward into the future, how a development at Euclid & Lindell might change this view.
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Nominated for Arch Daily's "International High-Rise Award": 34 Projects from 13 Countries Are Nominated for the 2022/23 Edition
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https://www.archdaily.com/986332/intern ... tion-image
https://www.archdaily.com/986332/intern ... tion-image
The design of the Algiers mosque is beautiful, buildings with powerful purpose and symbolism will always beat out glass towers that try to look unique with funny shapes.
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According to the liveat100.com website, only 1 unit is currently available to rent! 99.7% occupied!
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^ No, there is 11, its still remarkable.dbehrens011 wrote: ↑Aug 03, 2022According to the liveat100.com website, only 1 unit is currently available to rent! 99.7% occupied!
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edit- 11 in 3-5 months time line and 1 if you are looking today