thx for the location, i guess i just missed it cuz i was about 6 years old whenh i was living there and i couldnt see out the window. 
- 10K
Good news from Mayor Slay
Council Plaza: Rick Yackey, in partnership with John Cook of the eponymous School of Business at Saint Louis University, is turning his attention to the low-rise commercial portion of the Council Plaza complex, recently listed on the National Register of Historic Places as an early example of a comprehensive mixed occupancy trade-union-owned development. Yackey and his partner plan to convert this long-neglected building to retail/restaurant and student housing uses. They are working closely with SLU and will add significant site and access enhancements to the property, and make long-needed repairs to the underground parking facility. The parking facility has been in serious need of repairs for some time. The City’s Fire Department no longer uses the roadway over the parking structure to access the buildings at the rear of the complex due to “concerns about the roadway’s structural sufficiency.” Yackey also has the Council Tower high-rise property at the rear of the complex under contract and plans significant improvements to that structure as well, including replacing the missing bricks that have been falling from the east wall mural for several years and stabilizing the bricks that have not yet fallen. The Council Tower property also suffers from a variety of interior issues which Yackey will address. (Kohner Properties has already acquired and rehabilitated the other high-rise structure in the complex.)
Awesome! I'm glad that the complex is going to be spared. I remember reading several months ago about plans to demo the low-rise portion.
Great to hear the highrise will get a new owner. Work on the lowrise commercial portion has been going on for a while.
- 10K
More student retail and housing is definitely a good thing. The design of the complex kind of sucks, but this is still an improvement.
- 424
This complex is really weird to get into to.. Do you get in off of Grand? I wish they would get rid of the chain link between the complex and Del Taco
Is this building at 374 S. Grand? We just received an advertisement today in the SLU University News about new apartments at 374 S. Grand called the "Flats at 374"...the ad mentioned that they are now accepting reservations for August 2009.
Check out the site: http://www.374sgrand.com
Check out the site: http://www.374sgrand.com
These apartments seem to be really nice, but it is weird that they are rented by the room rather than the entire apartment. It makes them pretty pricey that way!
I don't understand the pricing structure. A four-bedroom unit is cheaper than a one bedroom unit? Or is that a misprint?
Framer wrote:I don't understand the pricing structure. A four-bedroom unit is cheaper than a one bedroom unit? Or is that a misprint?
I'm thinking that's because they seem to be running a privately owned dormitory (furniture, utilities included). Because people are only renting individual bedrooms, it's cheaper to rent one bedroom in a "four person" apartment than one bedroom in a "single." That's the way it worked at the Village apartments that were run by SLU anyway--the single apartments were seen as something of a luxury because they had more private space (although a lot less party space).
- 10K
Framer wrote:^OK, makes sense. Seems a bit pricey for college students, though.
There are a lot of wealthy kids at SLU. I'm always amazed at how much money SLU students are able to shell out for apartments in the Coronado, the Continental, etc. There was even an article in St. Louis Magazine a year or two ago about a family that had two kids at SLU and bought them a condo in the Park East. Crazy.
- 11K
I just hope that those SLU students who do not have the money have decent places to live. I just learned the other day that despite the apparent wealth of some Washington University students, 10% of all undergraduates (roughly 600 students) are from families earning less than $60K/year. I wonder what the statistic for SLU might be . . .
I would think it is higher than 10%, but probably not too high. I know my family has never come close to making $60,000 in a year. I think every student should have to put themselves through college and grad school. I know I value my degree('s soon) a lot more. At least Washu makes college very, very affordable for the low income students.
- 10K
Grover wrote:I just hope that those SLU students who do not have the money have decent places to live. I just learned the other day that despite the apparent wealth of some Washington University students, 10% of all undergraduates (roughly 600 students) are from families earning less than $60K/year. I wonder what the statistic for SLU might be . . .
I think right now it's probably tough to find an affordable place right across from campus. I'm not sure what the rents are at Lindell Towers since the Gills rehabbed them, but those apartments were very cheap when I was in school. I wonder if more students will choose the Tower Grove area because of its relatively affordable rents.
- 8,913
Developer Brian Bruce rang in the new year with the launch of a $40 million project
Bruce, a principal of Clayton-based Bruce Development, wrapped up December with the $5 million acquisition of the largely vacant Council Tower Senior Apartments, a 27-story senior apartment complex on South Grand across the street from Saint Louis University. Bruce’s development entity for Council Tower, Council Tower Senior Apartments LP, finalized closing documents Dec. 30.
Over the past two years, Bruce has been working with national and local partners to secure financing for the project amid an investment boom for senior-living services. Now, Council Tower, which was originally constructed in 1968 and contains 226 low-income senior units, will undergo a $40 million renovation over the next two years, according to Bruce.
James Heard, field office director for HUD’s St. Louis office, said the rehab project would revitalize a building that had occupancy of less than 50 percent. About $175,000 per unit will be spent on improvements and the newer amenities and upgrades will allow the building to compete with newer senior-living projects, Heard said.
Bruce said the project received financing from several sources, including the issuance and sale of about $25 million in multi-family housing revenue bonds, state and federal low-income-housing tax credits, as well as state and federal historic tax credits.
Read more: Bruce mounts $40 million rehab of Council Tower | St. Louis Business Journal
http://www.bizjournals.com/stlouis/prin ... ab-of.html
Bruce, a principal of Clayton-based Bruce Development, wrapped up December with the $5 million acquisition of the largely vacant Council Tower Senior Apartments, a 27-story senior apartment complex on South Grand across the street from Saint Louis University. Bruce’s development entity for Council Tower, Council Tower Senior Apartments LP, finalized closing documents Dec. 30.
Over the past two years, Bruce has been working with national and local partners to secure financing for the project amid an investment boom for senior-living services. Now, Council Tower, which was originally constructed in 1968 and contains 226 low-income senior units, will undergo a $40 million renovation over the next two years, according to Bruce.
James Heard, field office director for HUD’s St. Louis office, said the rehab project would revitalize a building that had occupancy of less than 50 percent. About $175,000 per unit will be spent on improvements and the newer amenities and upgrades will allow the building to compete with newer senior-living projects, Heard said.
Bruce said the project received financing from several sources, including the issuance and sale of about $25 million in multi-family housing revenue bonds, state and federal low-income-housing tax credits, as well as state and federal historic tax credits.
Read more: Bruce mounts $40 million rehab of Council Tower | St. Louis Business Journal
http://www.bizjournals.com/stlouis/prin ... ab-of.html
Great news! The Council Tower screams "big city" and it's one of my favorites. I hope the renovation will include restoring the brick mural on the side of the building. The eastern facade looks awful.
- 710
Yeah, I'm obsessed with that building.STLgasm wrote:Great news! The Council Tower screams "big city" and it's one of my favorites. I hope the renovation will include restoring the brick mural on the side of the building. The eastern facade looks awful.
On a related note, Bruce Development just filed for bankruptcy on the University Heights Loft apartments just 1 block away from this project.
http://www.unewsonline.com/2010/12/prob ... n-laclede/
http://www.unewsonline.com/2010/12/prob ... n-laclede/
Renovations are under way at Council Tower Apartments
Friday, May 13, 2011 12:00 am |
E.M. Harris Construction Co. has started renovation of Council Tower Senior Apartments, a 27-story, 225-unit apartment building just east of St. Louis University at the convergence of Highway 40 (Interstate 64) and Forest Park Avenue.
link: http://www.stltoday.com/business/local/ ... 394f3.html
Friday, May 13, 2011 12:00 am |
E.M. Harris Construction Co. has started renovation of Council Tower Senior Apartments, a 27-story, 225-unit apartment building just east of St. Louis University at the convergence of Highway 40 (Interstate 64) and Forest Park Avenue.
link: http://www.stltoday.com/business/local/ ... 394f3.html
I still want to know if the brick mural is going to be fully restored. None of the articles clarifies it. I tried to call Bruce Development today, but couldn't get through.
- 339
I've heard it will be restored, but I honestly can't tell you where I heard it. Maybe on the radio...sorry I can't be of more help.framer wrote:I still want to know if the brick mural is going to be fully restored. None of the articles clarifies it. I tried to call Bruce Development today, but couldn't get through.