I wish the major development announcement would be about the northwest corner of Grand and Chouteau, but you are probably talking about the northwest corner of Compton and Chouteau. It will be interesting to see what SLU wants there.chriss752 wrote: I have been tipped off that another major development will be announced this year around this area but it won’t be by PPG. So this should be interesting.
Yes, it is. 3501-3515 Chouteau was the property with all of the junk cars (EB Enterprises), and the 1-story building wrapping an old 2-story house to the west of it. The other properties, along Papin, are on the same block behind it (to the north), which were the No Way Out escape room house, and the Dr. Sparkle Automotive properties. They are all owned by STEELCOTE CHOUTEAU LLC as of 9/11/19.Mark Groth wrote:^Hopefully one of those properties is the junkyard along Chouteau. Getting rid of that will be a plus for the area.
Northwest corner of Grand and Chouteau was already announced. That's Iron Hill. The mystery project could be Compton and Chouteau but I don't know so much about that. It would make sense to continue the development of this area further to Compton. Maybe even build a few more streets so that this area is better connected to the area around it.urbanitas wrote:I wish the major development announcement would be about the northwest corner of Grand and Chouteau, but you are probably talking about the northwest corner of Compton and Chouteau. It will be interesting to see what SLU wants there.chriss752 wrote: I have been tipped off that another major development will be announced this year around this area but it won’t be by PPG. So this should be interesting.
Edit: Or maybe you were talking about the property along Chouteau, directly south of Steelcote, which has been owned by Palladium Group (Butler's Pantry) for about four years...
Yes, but I am still wishing for a major urban development announcement there, and I bet Michael Hamburg is too.chriss752 wrote:Northwest corner of Grand and Chouteau was already announced. That's Iron Hill.
SLU owns almost all of the properties east of Steelcote and the Butler's Pantry warehouse now, over to Compton. I haven't added it all up, but it has to be close in size to the Iron Hill parcel, which is around 14 acres.chriss752 wrote:
The mystery project could be Compton and Chouteau but I don't know so much about that. It would make sense to continue the development of this area further to Compton. Maybe even build a few more streets so that this area is better connected to the area around it.
South Campus Residential, Institutions and Support Facilities – Medical and educational uses including, but not limited to patient care, physicians’ offices, and training and educational facilities for those in the health care and life sciences, including but not limited to: classrooms and related instructional, laboratory, research, hospice, nursery and day care; pharmacy facilities, as well as office, technical support, business and professional services; recreational facilities; single family and/or low density multi-family residential units for employees of South Campus, students and general public, with potential neighborhood dining and retail, and parking.
I don't have specifics right now, but Michael told me that they've been decent so far. Nothing too exciting. Basically, the lack of amenities causes some problems with leasing. They're betting on Mill Creek Flats and the Crossing attracting people to Steelcote since those will bring quite a few things.urbanitas wrote: ↑Nov 15, 2019Any update on occupancy here? Their homepage has a Fall "reduced rental rate special" banner, but still lists all 33 units.
Would it be fair to say that Steelcote residents will get access to some of Mill Creek Flats amenities in their lease agreements? Seems like the thing to do when you are developing essentially as a whole with end result of picking up a few more residents, leases along the way. or maybe not, with the hope you get someone who wants to step up to Mill Creek Flats after a year or two at Steelcote.chriss752 wrote: ↑Nov 15, 2019I don't have specifics right now, but Michael told me that they've been decent so far. Nothing too exciting. Basically, the lack of amenities causes some problems with leasing. They're betting on Mill Creek Flats and the Crossing attracting people to Steelcote since those will bring quite a few things.urbanitas wrote: ↑Nov 15, 2019Any update on occupancy here? Their homepage has a Fall "reduced rental rate special" banner, but still lists all 33 units.
On another note, he said that he is having pre-leases signed for students for next year.
The amenities at the Flats will be accessible by the residents of the Lofts and Crossing. And yes, thats the idea that they did. They figured in the slow leasing before the amenities come along with it being in an industrial area.dredger wrote: Would it be fair to say that Steelcote residents will get access to some of Mill Creek Flats amenities in their lease agreements? Seems like the thing to do when you are developing essentially as a whole with end result of picking up a few more residents, leases along the way. or maybe not, with the hope you get someone who wants to step up to Mill Creek Flats after a year or two at Steelcote.
In terms of financials from my laymen terms it seems to make a lot of sense on how they are going about the whole development with build out of existing steelcote first, get some leasing & revenues going by the time you break ground on new construction, and any lag in leasing was probably accounted for.
