$80M zoning-only building permit application submitted for int/ext renovations - apartments
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^Here's go hoping they make something happen with that quickly. It's too beautiful to sit there and decay. (I do hope they can get some retail back in on the lower levels, though.)
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Really hoping we get lucky and ALL of these big buildings come back to life... keeping my fingers crossed for all of them. 
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I know it’s only a zoning permit but did the other “plans” even go through that?quincunx wrote:$80M zoning-only building permit application submitted for int/ext renovations - apartments
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I dont recall any others submitting plans for reviewdbehrens011 wrote: ↑Aug 29, 2022I know it’s only a zoning permit but did the other “plans” even go through that?quincunx wrote:$80M zoning-only building permit application submitted for int/ext renovations - apartments
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STL Biz Journal: Developer eyeing rehab of downtown St. Louis' Railway Exchange Building is identified
Carnegie Management out of NYC, specifically Brooklyn. They're looking at converting the Railroad Exchange to residential. The redevelopment area would include the garage next door as well as both the parking lot and the old Charlie Gitto's building - but not 622 Olive. A bill's currently getting ready for the Board of Aldermen to facilitate their starting work, with a hopeful peaceful transfer of ownership between Carnegie and the existing owners, Hudson Holdings. A peaceful ownership exchange would also keep the allocated state historic tax credits in tact.
Carnegie Management out of NYC, specifically Brooklyn. They're looking at converting the Railroad Exchange to residential. The redevelopment area would include the garage next door as well as both the parking lot and the old Charlie Gitto's building - but not 622 Olive. A bill's currently getting ready for the Board of Aldermen to facilitate their starting work, with a hopeful peaceful transfer of ownership between Carnegie and the existing owners, Hudson Holdings. A peaceful ownership exchange would also keep the allocated state historic tax credits in tact.
Why in the world would they need to build a parking garage on the Charlie Gitto's lot?? The building is surrounded by parking on all sides and connected to an existing garage!
Unless I'm reading it wrong, it doesn't say they're building a parking garage there. Just that the Charlie Gitto's building is included in the city's development plan here, so it would be subject to eminent domain and incentives.PeterXCV wrote: ↑Oct 03, 2022Why in the world would they need to build a parking garage on the Charlie Gitto's lot?? The building is surrounded by parking on all sides and connected to an existing garage!
Anybody know why 622 Olive isn't included here? That building/parking garage is pretty rough right now too.
No one said that.
I’ve heard the garage may need to come down due to its condition. Which would be fine with me, that’s one of the uglier garages downtown.
Sorry y'all got confused with gone corporate's post, glad that's not on the table.
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If the garage has to be demolished and rebuilt its hard to imagine the CG building staying.
i guess it could be rebuilt E-W direction but idk if they would do that and leave half a block empty just to save CG building. could also build a garage on the entire site with multi use on top of it
i guess it could be rebuilt E-W direction but idk if they would do that and leave half a block empty just to save CG building. could also build a garage on the entire site with multi use on top of it
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In an ideal world I would like to see the garage demoed and 224 N 7th moved across the block to the corner of 6th and Pine. Infill the space between that building and Charlie Gitto's.
The 622 building is one of the last survivors of the old Terra Cotta District. It's gotta be saved no matter what.
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Feasible to use the first 5 floors of RRX as parking?
I agree the garage looks rough these days. I would trust they save that terracotta building though. And I've always loved the Gitto's building even if nothing architecturally impressive about it. Something about the scale next to all of the hulking buildings and garages is charming.
I agree the garage looks rough these days. I would trust they save that terracotta building though. And I've always loved the Gitto's building even if nothing architecturally impressive about it. Something about the scale next to all of the hulking buildings and garages is charming.
Looking forward to this building getting built out one day. Not looking forward to the new garage that will surely be built across the street. Yes, this garage may end up with some ground-floor retail, but unfortunately I don't see any way that it's going to have offices or residential built on top of it. The developer has over 1 million square feet to lease, the last thing they want to do is build more speculative office or residential space. Prepare yourselves for Kiener NW. If we're being honest, I think we'll be lucky if we get only a half-block garage, similar to the city's garage at Pine and 7th.
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I wouldn't mind excess garage space here if it resulted in the removal of one or both the Kiener Garages. No way I no of to guarantee the dominos fall in that direction though.
I don't get why they need a new garage. That old Famous Barr garage is enormous, and there's parking garages directly to the north, northeast, and southwest of the building as well.
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I thought the current one is condemned. It needs to come down irrespective of what they build there.
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My thoughts exactly. Ideally, I'd love to see that entire block get turned into garage parking with ground level retail activation. I'm picturing a garage like those giant monsters just east of BJC. If done correctly, it could provide excess capacity that could allow for the destruction and redevelopment of the Kiener garages. Indeed, no way of knowing with certainty, but maybe worth it if they go big here.STLEnginerd wrote: ↑Oct 04, 2022I wouldn't mind excess garage space here if it resulted in the removal of one or both the Kiener Garages. No way I no of to guarantee the dominos fall in that direction though.
Also, definitely save the 622 Building.
Q: What would it cost to relocate the Charlie Gitto's building? Would it be reasonable, cost-wise, to consider?
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I love the spit balling that happens here sometimes “if we can get rid of 2 high margin, very profitable businesses owned by someone else who has no interest in getting rid of them for the sake of good urban form, that would make this proposal better”
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Which businesses?dbInSouthCity wrote: ↑Oct 04, 2022I love the spit balling that happens here sometimes “if we can get rid of 2 high margin, very profitable businesses owned by someone else who has no interest in getting rid of them for the sake of good urban form, that would make this proposal better”
Charlie Gitto's was mentioned in the Business Journal Article and it's floating eminent domain as a vehicle. It also specifically noted 622 Olive was not part of the eminent domain proposal.
If you are talking about the Kiener Garages that has been floated for replacement maybe since this site came online. The problem is the owners have no motivation to see them replaced. But thats nothing new either. Even with competition from a neighboring garage, sadly the Kiener garages aren't likely to go anywhere without additional nudges.
Seconded.dbInSouthCity wrote: ↑Oct 04, 2022I love the spit balling that happens here sometimes “if we can get rid of 2 high margin, very profitable businesses owned by someone else who has no interest in getting rid of them for the sake of good urban form, that would make this proposal better”
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Well, that was quick. Dammit.
STL Biz Journal: Developer walks away from rehab of St. Louis' second-largest office building
STL Biz Journal: Developer walks away from rehab of St. Louis' second-largest office building
Brooklyn-based Carnegie Management Inc. has decided not to pursue a redevelopment at the long-vacant Railway Exchange at 615 Olive St. downtown, the company’s St. Louis-based broker, John Warren of Cushman & Wakefield, confirmed.
Carnegie, a developer and property management company that has mostly pursued residential developments in Brooklyn and the Bronx, backed off an apartment redevelopment at Railway after deciding that the project would have too much competition from a possible future redevelopment blocks away at another of downtown’s large vacant structures, AT&T tower, Warren said.
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Does the fact that this developer bailed due to perceived market saturation (due to AT&T) mean that other developers such as Cordish and others will feel the same way? That remains to be seen, but considering our stagnant growth, it would seem that the market is getting saturated or will hit that peak at some point soon.