Well I don't really know, I was just going off the cars in the parking garage at WashU (mercedes, mercedes, BMW, lexus, mercedes...)
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Banks are becoming more cautious when lending to doctors due to the massive amount of debt already owed by new doctors....college loans, med school loans, car loans, etc.
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That's how it was at my University. I drove a late model honda and I felt like the poorest kid on the block...Shimmy wrote:Well I don't really know, I was just going off the cars in the parking garage at WashU (mercedes, mercedes, BMW, lexus, mercedes...)
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Shimmy wrote:Well I don't really know, I was just going off the cars in the parking garage at WashU (mercedes, mercedes, BMW, lexus, mercedes...)
My first assumption would be that some of those might be the instructor's cars? Or is it just a student-only parking lot?
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^ The student to faculty ratio is 7:1 and there are more than 13,000 students. So . . . there are more than 1,850 faculty members.
Ok people, I wasn't being completely serious. But there's no doubting that WashU is a rich school.
Wash U profs do drive some very nice cars. I've seen a few with BMW convertibles, very expensive SUV's, new Acuras, etc.
With that said, there are students that have very nice cars but you'll find that at most schools. I had several friends in undergrad with very nice luxury and sports cars, as well as in high school.
With that said, there are students that have very nice cars but you'll find that at most schools. I had several friends in undergrad with very nice luxury and sports cars, as well as in high school.
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So I'm sure that a couple students may be able to afford living in the PE Tower, but not many. It doesn't seem that the market would really be students.
Remember that housing prices in St. Louis still seem incredibly cheap to outsiders from larger cities. Parking a car in Manhattan can be more expensive than renting a one bedroom in St. Louis. My point is that students (especially grad students) who may have been used to paying $1,500 to $2,000 in rent every month in New York, can go from a mediocre 600 ft. studio to a luxurious one bedroom penthouse for the same price. Even college students whose parents are used to much higher prices, can probably get away with asking for more than necessary because their parents may not be aware of the price discrepancy. I realize the students could get cheaper apartments and save a lot of money, but a lot of people, including myself, are under this delusion that we will only make more money tomorrow, so it's okay to live off of a credit line today. And we're only taking about a few units here, so one or three students would be enough to lease those rental units.
As for those Wash U. kids and their cars, a lot of them I'm sure were Mommy and Daddy presents, especially after watching all those Sweet Sixteen episodes, but I'm sure a lot of them are leased as well. I know after my second year of law school a lot of kids used their summer earnings to lease a car. Once again, living today off of future earnings.
As for the million dollar penthouses, several of the units sold for over a million dollars because of the upgrades. And I know of at least two re-sales over the million mark.
Finally, the condo association has decided to switch management companies. We are going to start using Smith Management Group. We were using West End Management. Does anybody know anything about SMG or cause for the change?
As for those Wash U. kids and their cars, a lot of them I'm sure were Mommy and Daddy presents, especially after watching all those Sweet Sixteen episodes, but I'm sure a lot of them are leased as well. I know after my second year of law school a lot of kids used their summer earnings to lease a car. Once again, living today off of future earnings.
As for the million dollar penthouses, several of the units sold for over a million dollars because of the upgrades. And I know of at least two re-sales over the million mark.
Finally, the condo association has decided to switch management companies. We are going to start using Smith Management Group. We were using West End Management. Does anybody know anything about SMG or cause for the change?
^ It seems that nearly every condo association changes management companies after the residents take over. The developer chooses a company, the residents don't like it, and they make a change. I've lived in area condos for years and have seen lots of changes. In my opinion, all the management companies are about the same. Property Management is a thankless business. You don't appreciate them when things are running smoothly, but blame them for every burned out hallway light bulb that isn't replaced in 15 minutes. I love condo living, but avoid condo meetings and politics like the plague!
To answer your question (sorry for rambling!), West End and Smith are very similar.
To answer your question (sorry for rambling!), West End and Smith are very similar.
Well, Starbucks has their sign attached to the building now but it still looks at least a month off of closing unless they have a crew working a lot of hours. After all, it's not like there is a whole lot of work that goes into a SBUX anyway, right?
Grover wrote:^ This should be quick as their stores are completely pre-fab.
We just had a Starbucks open in my office building here in Chicago. There was nothing in the location prior, and it took maybe 3 weeks tops to build out and open.
Does anyone know the name of the cosmetic surgeon (at least that's what I think he does) who lives on 24. I have a friend (that so sounds like it's for me) who is interested in breast augmentation (definitely not me). Please email me if you know I'd like to pass the name on.
Not married and I hope I am so lucky as to have a wife who cares about things like that AFTER we're married. LOL
I'm guessing this nice young lady could refer you to one:Tax Guru wrote:Does anyone know the name of the cosmetic surgeon (at least that's what I think he does) who lives on 24. I have a friend (that so sounds like it's for me) who is interested in breast augmentation (definitely not me). Please email me if you know I'd like to pass the name on.
Linkypoo - www.slate.com
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Make sure she upgrades to the "cohesive gel" Trust me! 
She'd have to get into a study, which I believe only two offices are participating (stl cosmetic surgery is one) but it's worth it.
She'd have to get into a study, which I believe only two offices are participating (stl cosmetic surgery is one) but it's worth it.
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Park East succeeds despite the weak housing market
By Kathie Sutin
SPECIAL TO THE POST-DISPATCH
10/05/2007
The Park East condos at 4906 Laclede is a luxury condo project that sold out quickly while others in the CWE have not sold as well. This is an interior of one of the units.
(Kevin Manning/P-D)
Take a high-rise residential building with a stunning design, add a helping of upscale amenities and a healthy dash of location, location, location. The result: A recipe for a sellout when other developments are struggling in a weak residential market.
The building is Park East Tower, the Central West End's first high-rise residential development in at least 30 years. Park East Tower, at the corner of Euclid and Laclede avenues, showed early signs of success when more than half of its 89 units sold before the March 2005 groundbreaking.
"We sold practically the whole building off the floor plans," said sales manager Kathy Capps, Homeowners began moving in 18 months after construction began.
The $50 million, 26-story, mixed-use building cuts an interesting addition on the Central West End skyline. The first six stories, housing 8,000 square feet of street-level retail space and a parking garage above it, are precast. The upper floors are floor-to-ceiling glass. A needle tops the building.
"We've gotten a lot of comments about the basic attractiveness of the building and the different views you get of it from Highway 40 or driving around the area," said John Pitcher, a vice president of Minneapolis-based Opus Northwest, the developer and builder. "It kind of pops up and grabs you a little bit."
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In part, it's because the units came on the market at a time when baby boomer empty-nesters have become enamored with urban living.
"It was a lifestyle decision for people that they wouldn't have made if this building were down on 12th Street," Pitcher said. "I think it was just a combination of factors — a demographic trend, a terrific location, a good-looking building and a well-executed program."
Last year, Butch Bernard, 50, who is single, was living in a 2,700-square-foot home in Oakland. "I raked up 88 bags of leaves last fall," he said.
^
My guess is that in this case, "Special to the Post-Dispatch" means that the Park East's publicity agent wrote the article -- and the Post ran it without doing much, if any, fact-checking or editing. That piece has quite a few weasel words.
My guess is that in this case, "Special to the Post-Dispatch" means that the Park East's publicity agent wrote the article -- and the Post ran it without doing much, if any, fact-checking or editing. That piece has quite a few weasel words.
Downtown2007 wrote:What developments are struggling?
Some of the Clayton projects, which are probably more comparable than the DT lofts, have not done very well. From what I can tell, 4545 Lindell has also not been nearly as successful as the Park East or Chase condos.
I don't want to get into a big discussion about 4545 here, but when you consider the amount of light available to PET residents versus the amount of light available to 4545 residents, I can see why 4545 is having trouble when the prices don't reflect the fact that the building is sandwiched between two others thereby limiting light to two sides.