PostOct 06, 2023#401
Fire
I interned downtown in 2013, I regret not going in. Although from the photos I've been able to find, there wasn't much historic detail left. Basically just looked like another sad dept store. Macy's / Wanamaker's here in Philly isn't doing great but almost all of the old plaster columns and ceilings are still visible and in tact. And then there's the grand court.Ebsy wrote: ↑Oct 09, 2023It's especially crazy when it was an operating department store only ten years ago! I am sure almost everyone on this forum had been to shop there at some point.
It would be nice, but Bedrock is a different animal. Bedrock is the development arm of Rocket Mortgage and Dan Gilbert started with the almost the sole purpose of redeveloping Downtown Detroit. They had VERY deep pockets and in many cases was more mission driven than profit motivated. As a result they were able to take on projects and do things that even a big developer could not do. For most projects, they didn't have to go out and raise capital and provide market rate returns. The big vision for Cleveland is tied to Gilbert's ownership of the Cavaliers and Rocket Mortgage Fieldhouse.Chris Stritzel wrote: ↑Oct 06, 2023Bedrock Detroit needs to get in here and work their magic like they have in Detroit and Cleveland.
Has anyone heard if they are going to clear the building and remove all the flammable objects littered throughout?Tim wrote: ↑Oct 11, 2023https://fox2now.com/news/missouri/city- ... -building/
"All the boards that wrap around all four sides of the building, covering up street-level windows, will be replaced with metal plates."
"Fabrication and welding contractors were circling the building on Monday, taking measurements and mapping out a plan to cover the street level and the windows right above it."
"The City of St. Louis authorized nearly $38,500 for the March demolition of a pedestrian bridge squatters were using to breach the building. The city has now authorized a $245,000 emergency expenditure for the metal plates with hopes of recouping the money from the building owner."
https://www.bizjournals.com/stlouis/news/2023/11/14/railway-exchange-developer-greater-stl-greenbaum.htmlDevelopers are working on a plan to potentially redevelop the Railway Exchange, one of downtown’s largest vacant buildings, an official said.
For more than a year, business group Greater St. Louis Inc. has been collaborating with a team of private developers eyeing the Railway Exchange, said Kurt Weigle, senior vice president and chief downtown officer for the organization.
Weigle declined to identify the developers or their plans, but said it was a "team of accomplished developers who have the ability to take on substantial projects." The building is owned by a business entity controlled by Hudson Holdings, the Florida-based development group of Avi Greenbaum and Steven Michael. Reached by phone Tuesday, Greenbaum said he was aware of the undisclosed developers' interest in the building but said he couldn’t give any details.
The 1.2 million-square-foot building at 615 Olive St., which takes up an entire city block, is one of Greater St. Louis' biggest priorities for redevelopment, Weigle said. Higher interest rates make any real estate project more challenging, he added.
Vacant since 2014, the historic building once served as the headquarters and flagship store of department store Famous-Barr, and current owner Hudson Holdings stopped pursuing a redevelopment plan years ago. Hudson purchased the building in 2017 and planned a $300 million redevelopment, but the project fell through.
Amos Harris, a developer who has worked on a number of projects proposed at Railway over the years and has at times represented Hudson Holdings, previously identified St. Louis-based developer Good Developments Group as a party interested in potentially taking on the building. It was unclear if GDG is one of the developers in talks with Greater St. Louis. Separately, GDG has a $1.2 billion construction innovation district planned at the downtown St. Louis riverfront, south of the Gateway Arch.
So did you call the number on the door to report it? Or is this just being posted here? Does the city know this?eee123 wrote: ↑Jan 18, 2024After the $100,000 barriers, it seems like they're always fighting a losing battle to keep the door on Locust closed.
How do you secure a building that probably has people inside without removing the people, which the fire department, understandably, doesn't want to do?
I guess it's just $100,000 to limit the number of people in there?
