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PostFeb 26, 2007#201

I spoke to the people at Park Pacific as well. Construction should start "within the month" ie between now and the end of March.



Check out this article written February 1st.



Commercial Journal: STL: Legendary Lifestyle

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PostFeb 26, 2007#202

Over the next four to five years, there are projected to be 4,000 to 5,000 new units built in the downtown area,” he says. “We think there’s more than enough demand to fill all of those.


I know he's just trying to market his property, but it's a somewhat remarkable statement anyway. Can anyone here imagine that words being uttered 10 years ago?

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PostFeb 26, 2007#203

"The Cityside condos will feature floor-to-ceiling, curtain-glass walls that will offer panoramic views of the downtown area. Gas fireplaces and appliances and 10-foot ceilings will also be standard. Prices in Cityside will start at approximately $400,000."



---



Wow, starting at $400,000. That should really help change the demographics of the area. With this and other units coming online, maybe downtown will actually be open at night and weekends. To include some quick and affordable food options which are conspicuously vacant.



I don't know about the sq. footage of Cityside Condos, but prices starting at $400k can't exactly hurt comps in the local area.

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PostFeb 27, 2007#204

It's good news to hear that the project is still on pace to get started.

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PostMar 22, 2007#205

Saw an ad for this in the new Architectural Digest. Pretty interesting that they arent just advertising in regional newspapers and periodicals. Anyone know the scope of their advertising

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PostApr 25, 2007#206

Arch City wrote:I spoke to the people at Park Pacific as well. Construction should start "within the month" ie between now and the end of March.



Check out this article written February 1st.



Commercial Journal: STL: Legendary Lifestyle


Any update on this?



TIA,



-RBB

PostApr 25, 2007#207

RBB wrote:
Arch City wrote:I spoke to the people at Park Pacific as well. Construction should start "within the month" ie between now and the end of March.



Check out this article written February 1st.



Commercial Journal: STL: Legendary Lifestyle


Any update on this?



TIA,



-RBB


Answering my own question, I heard from a poster on another board who works for the construction company. She said the holdup was contractual, and that it had "supposedly" been signed a couple of weeks ago. Crews are supposed to start in June.



I'm welcome.



-RBB

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PostMay 04, 2007#208

The Business Journal is reporting that Larson Allen (accounting firm) is moving its 80 employees from Town & Country to the Park Pacific!



The firm will be moving in 2009 and projects that it will grow to 120 employees within five years.

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PostMay 04, 2007#209

^ more good news. I always have believed that once DT gets cleaned up and becomes a viable live/work neighborhood that things would begin to snowball. I hope I'm right.

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PostMay 04, 2007#210

So are they moving into the Cityside portion or the Parkside portion?

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PostMay 04, 2007#211

^

Can't tell from the article. It just says that they're going to be leasing 23,000 sf of the development's 85,000 total sf of office space.



Doesn't quite make up for the loss of Ernst & Young a few years back, but it sure is nice!

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PostMay 04, 2007#212

This building is damn sexy.



I cannot wait!

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PostJun 02, 2007#213

I think this could be it.



Construction to begin on downtown condo tower

By Riddhi Trivedi-St. Clair

ST. LOUIS POST-DISPATCH

06/01/2007






The Cityside Residences of Park Pacific will will offer 42 one-, two- and three-bedroom condominium homes, ranging in price from $283,900-$876,900. This architect's rendering shows an interior view.

(The Lawrence Group)




Alberici Living, a subsidiary of Overland-based Alberici Constructors will be the construction manager for Cityside Residences of Park Pacific. The $150 million project by St. Louis-based The Lawrence Group includes a historic rehab and a new construction condominium building as well as retail and commercial spaces.



Construction on the building at Tucker Boulevard and Olive Street is expected to begin in mid-summer and could signal the beginning of a new wave of residential development in downtown St. Louis.



Cityside Residences is one of three of three construction projects planned for downtown which has so far seen mostly historic rehab projects. The other two projects are Skyhouse at 14th Street and Washington Avenue and a 25-story condo tower adjacent to the Roberts Mayfair Hotel on Ninth Street by the Roberts Brothers Properties.



Cityside will offer 42 one-, two- and three-bedroom condominium homes, ranging in price from $283,900-$876,900.



Cityside will be linked to Parkside – the rehab portion of the development – by an amenity deck with a pool and fitness center, atop a nine-level parking structure for 730 cars. The residential floors will be on nine through 14 above the parking structure and feature seven units per floor. Cityside will also provide retail services on the first floor of the building.



Parkside, in the former Union Pacific Railroad building offers 98 condos priced from $261,900 to $1.65 million. About 30 rental apartments will also be available. Parkside has commercial space from the second to sixth floors and retail on the first floor. Construction and renovation in Parkside also begins mid-summer.



Source

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PostJun 02, 2007#214

$1.65 Million? Does anybody know if that's a record for a downtown listing?

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PostJun 02, 2007#215

maybe. the arcade has a $1.6 Million property that with upgrades might get close.

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PostJun 02, 2007#216

This is the first of June, so mid summer could mean in a few weeks. It will be satisfying to see actual construction of a new residential building downtown. The Post says this could signal a wave of new construction. I like hearing that.



Right, this could be 'the announcement'.

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PostJun 02, 2007#217

There are so many big announcements downtown these days that it's impossible to tell! :D

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PostJun 04, 2007#218

This is probably one of my top 5 favorite places I wish I could live.

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PostJun 06, 2007#219

From an email I received.


Date: Thursday, June 14

Time: 5:30-8:30 pm

Place: Park Pacific

210 N. 13th St.

Downtown St. Louis



Join St. Louis Magazine at Park Pacific's "Live like you're on vacation" tropical resort party to experience the new urban lifestyle at Park Pacific! Tour the Park Pacific display lofts and learn about all of the unique amenities available to their residents. Enjoy complimentary Sunset Wheat, mojitos, hors d'oeuvres, desserts and music by the Lenny Frisch Band. Plus, each guest receives a gift bag and a chance to win one of several spa packages from Solera Health Club.



RSVP to 314.241.5330 by June 11th

PostJun 06, 2007#220

From the St. Louis Business Journal


Alberici unit to manage Park Pacific construction

St. Louis Business Journal - 2:12 PM CDT Wednesday, June 6, 2007

Alberici Living, a unit of Alberici Constructors, was named construction manager for Cityside Residences of Park Pacific by developer and designer The Lawrence Group.



Park Pacific is a $150 million project that features 140 condominiums, commercial and retail spaces, according to a release Wednesday. It encompasses two buildings: the renovation of the former Union Pacific building at 13th and Olive streets in downtown St. Louis, and a new building.



Cityside Residences at Park Pacific is a new-construction highrise tower that will sit on the southwest corner of Tucker Boulevard and Olive Street, just east of the former Union Pacific building now called the Parkside Residences at Park Pacific. Construction is planned to begin this summer and will take about 30 months to complete, according to the release.



Cityside will offer 42 one-, two- and three-bedroom condominium homes, ranging in price from $283,900 to $876,900. The building will be linked to the residences of Parkside by an amenity deck with an infinity pool and fitness center, atop a nine-level parking structure for 730 cars with one level underground to serve as the private heated garage for Cityside dwellers and Parkside Penthouse owners. The residential floors will be on nine through 14 above the parking structure and feature seven units per floor. Cityside also will provide retail services on the first floor of the building.



The Lawrence Group, based in St. Louis, is an architectural, interior design and town planning firm with more than 150 employees in five states. It is one of the fastest-growing privately held firms in St. Louis, according to Business Journal research, with 2006 revenue of $56.7 million.



Alberici Constructors, headquartered in St. Louis, has been in the construction industry for more than 90 years. It is part of Alberici Corp., one of St. Louis' largest privately held companies with $852 million in 2006 revenue.

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PostJun 29, 2007#221

Detailed rendering of the pool area on the front cover of today's PD Downtown Progress Report insert. Great views down Tucker to the south.

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PostJun 29, 2007#222

can someone with a scanner post it

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PostJun 29, 2007#223

Bids are now going out for construction to start in the next 90 days.



http://www.emediawire.com/releases/2007/6/emw536553.htm


St. Louis, MO - Cityside Residences of Park Pacific, Tucker Boulevard and Olive Street, 170-unit residential development and mixed-use, August 2007, $100 million. Project ID: 617420



PostJul 24, 2007#224

Any updates out there?

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PostJul 24, 2007#225

First time poster with some serious questions about this development. My friend's parents just bought a big penthouse (over 800K) in the PP this April and I went down with him yesterday to see it. At the office, my friend's parents were told that the developer had decided to create a "new" price list and that they were going to add 30 new 500 sqaure foot studio condos. Amazingly, these condos will only cost 129K but people who purchase them will have full access to all of the amenities at the PP. My friend's parents were furious because the PP has always been advertised as "high-end" living and yet now the Lawrence group seems set on putting in 129K condos into the same development. My question is, should my friend's parent's get out of this development? It seems to me that these new condos will 1) seriously lower property values for the higher-end condos and 2) will bring in a bunch of immature 20 somethings (like myself :D ) who will buy the small condos just so they can use the pool.





Also, the PP NEVER told by friend's parents when they bought the place that these cheaper condos were going to be built and if you look at the banner on the side of the building, it says that prices start "in the 200s"...something fishy is going on.

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