St. Regis condo association is probably coming unglued lol
In my mind, it makes most sense to go slightly taller than 100 on this site from a developers perspective. Start to get in the 40 story/400 ft range and things get real expensive for construction but there may be some premium in the upper floors
I could see that. Would require a variance to the form based code (12-stories, 130ft maximum currently). In that scenario, I could see the Koplars looking at that site too because I know Albion, while nice, isn't what was intended there in any of the iterations prior to Albion's unveiling.keepstlbrick wrote: ↑12:50 AM - Jan 30In my mind, it makes most sense to go slightly taller than 100 on this site from a developers perspective. Start to get in the 40 story/400 ft range and things get real expensive for construction but there may be some premium in the upper floors
I hear somewhere in the 5-12 story range. It will be mixed use. The site is important because it connects the CWE in every direction. It is a very important piece the be developed for that reason. The site looks pretty similar in size to the Orion. It's a tough development market so I wouldn't expect anything anytime soon.keepstlbrick wrote: ↑12:50 AM - Jan 30In my mind, it makes most sense to go slightly taller than 100 on this site from a developers perspective. Start to get in the 40 story/400 ft range and things get real expensive for construction but there may be some premium in the upper floors
5-12 sounds fine for that corner, so long as it masses well with the other condos along Lindell.
My wishfull thought is Euclid would have a modern low floor no fare streetcar. Go south through Barnes Jewish with future phase across the freeway and into the The Grove. Go north, make a left on Delmar until you get to the loop or at least Delmar metrolink station. Job centers, Academia, Commercial/Entertainment and Residential (dense to single residential) all nicely tied together along with connections to the greater light rail spine/Lambert.
I like the idea that at least a portion of the site goes tall (200+ft). Preferable at the corner of Lindell/Euclid. It would be an impressive street wall enhancement for both.
some tax code change after 2008 made them way less common
Please elaborate Thank You
Please elaborate Thank You
Reminds me how Metro removed bus service from Euclid. Ragedredger wrote: ↑2:58 PM - Jan 30My wishfull thought is Euclid would have a modern low floor no fare streetcar. Go south through Barnes Jewish with future phase across the freeway and into the The Grove. Go north, make a left on Delmar until you get to the loop or at least Delmar metrolink station. Job centers, Academia, Commercial/Entertainment and Residential (dense to single residential) all nicely tied together along with connections to the greater light rail spine/Lambert.
I can't say I that I understand the why very well (like the exact tax code change) but what happened as a result is very noticeable:
I thought what made condos tricky to build was the requirement to pre-sell over half of the units in a building over a certain scope prior to financing being locked up.
But for the CWE, some condos should hypothetically sell. 4101 Laclede and Artizen are the most recent examples of two condo properties doing well. Offering at least a few at Lindell and Euclid should work. You’re competing with Clayton’s product there.
But for the CWE, some condos should hypothetically sell. 4101 Laclede and Artizen are the most recent examples of two condo properties doing well. Offering at least a few at Lindell and Euclid should work. You’re competing with Clayton’s product there.
Isn't that chart reflective of the 2008 financial crash and recovery?
Why condos? Guessing that you are thinking along the lines as form of equity over time without being limited to a single residential home as only avenue. Considering home ownership for majority is where the wealth is concentrated. However, guess on my part so curious by statement opost
To Peter comment as well. Hard to build if you can't sell as well
U.S. condo sales are experiencing their worst slump since 2012, with prices falling 1.9%–2.2% year-over-year in late 2025 and early 2026 as sales plunged by over 11%. A massive supply imbalance, driven by roughly 80% more sellers than buyers, high HOA fees, and rising insurance costs, is driving this decline, especially in urban and second-home markets.