Looks nice. Sure hope it happens.
Curious if anyone thinks that opportunity zone(s) is finally driving some investment in the city such as this one? No clue and or insight on financing but as Framer noted best, sure hope it happens. Asked the question because the location and type investment seems to match what was intended or hoped for when opportunity zones were established in first place.
https://www.stltoday.com/business/local ... fab23.html
Late next year, he hopes to begin a $43 million, 156-unit apartment complex on the site of an empty parking lot at the southeast corner of Euclid Avenue and Delmar Boulevard. A previous plan there for micro-apartments from developer Bob Saur fell through, and Bryant said his plan will include traditional apartment sizing at market rents.
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STL Biz Journal: Offices, apartments spanning 'Delmar Divide' take step forward
A city board, the Land Clearance for Redevelopment Authority, voted Thursday to recommend 95% property tax abatement for 10 years for Elevation, an $8.6 million mixed-use redevelopment at 4731 Delmar Blvd., and 90% abatement for 10 years for The Bridge, a $62.7 million apartment complex with ground-floor retail at 4800-4830 Delmar. The Board of Aldermen gets final say...
As soon as city permits are granted, Kingsway can start construction on the Elevation building, the former home of Union-Sarah Economic Development Corp., Bryant said at the meeting.
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Very nice. I like the massing and street view of it. The corner retail looks solid. There's a lot of parking, but . . . I suppose that's to be expected. Not bad. Not bad at all. 
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I do hope that there's enough demand to actually fill this building up .
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Interesting that they threw some bike lanes into the rendering. Brickline greenway?
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I remember seeing somewhere that the City approved of some sort of money for pedestrian improvements on this stretch of Delmar. I vaguely remember this, so my memory could be wrong, but I thought the purpose was to make this a great pedestrian link between the two neighborhoods.SeattleNative wrote: ↑Nov 23, 2021Interesting that they threw some bike lanes into the rendering. Brickline greenway?
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Looks pretty good. The church and suburban-looking office building with their massive parking lots might be an impediment to carrying the momentum past Walton when this project is complete.
^I'd like to see this development lead to home renovations in Fountain Park and new homes/two-families/four-families and so on be built on the vacant lots in the north portion of the Central West End
Good to hear there's progress
StlToday - City board approves $65 million in bonds for Delmar Boulevard apartment tax breaks
StlToday - City board approves $65 million in bonds for Delmar Boulevard apartment tax breaks
https://www.stltoday.com/business/local ... 2c0b4.htmlThe Bridge SPE, an entity affiliated with Kyle Howerton, has plans for 199 apartments, around 12,000 square feet of commercial space and a parking garage for 386 vehicles at 4700 Delmar Boulevard. Bridge SPE is slated to start construction by mid-2022. It is seeking up to $65 million in industrial revenue bonds that will facilitate a sales tax exemption on construction materials bought in the city of St. Louis, according to documents filed with the city.
Looks like they're aiming for a 4/1 construction start according to this from SLDC:
https://www.sldcplanroom.com/jobs/3577/ ... apartments
https://www.sldcplanroom.com/jobs/3577/ ... apartments
Does this project increase, decrease, or have an immeasurable impact on the potential future removal of the street blockage near Olive and Walton?
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I think that's something that can be taken away at a whim tbh. I certainly would like to see it opened as it's one of the more obviously racially motivated street blockages.
$15M building permit application submitted.
I guess the zoning-only one from March became a real one for $20M (for core and shell), still not issued.
I guess the zoning-only one from March became a real one for $20M (for core and shell), still not issued.