people are in gnarly moods lately...I guess all the anxiety over what holds for the future of STL might be a source....
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Got a problem with another blog go wine over there.
Got a problem with another blog go wine over there.
Call - Crestwood TIF Commission to meet this week to consider mall proposal
http://www.callnewspapers.com/Articles- ... posal.htmlThe commission charged with making a recommendation on a proposal by UrbanStreet Group of Chicago to redevelop the former Crestwood Plaza will meet for the first time this week.
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pffft.sirshankalot wrote:what a wack....do not drink and post!
I can't do anything relevant (or otherwise) without a drink. <hic>
Brink back First Federal!
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"Chicago-based developer Urban Street's revised plans for the shuttered Crestwood Court mall now top the previous $100 million price tag but include less public subsidy funding."
more here
http://www.bizjournals.com/stlouis/morn ... -mall.html
Perhaps Crestwood doesn't need more commercial space right now.
Study: 43% of Crestwood Businesses Planning on Moving Out of Crestwood
Study: 43% of Crestwood Businesses Planning on Moving Out of Crestwood
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I didn't read it that way. What I see is more like this:quincunx wrote: Study: 43% of Crestwood Businesses Planning on Moving Out of Crestwood
11.61% of Crestwood Businesses are planning on moving out of Crestwood
and
12.96% of Crestwood Businesses are planning on expanding in Crestwood.
What is the average attrition rate for StL metro munis?
Obviously the sample size was too small to draw any statistically significant conclusions from.
Looks like the TIF will pass
Crestwood panel recommends aldermen approve TIF for mall
Crestwood panel recommends aldermen approve TIF for mall
http://www.callnewspapers.com/Articles- ... -mall.html"... The city of Crestwood is only 5 percent. So they don't represent these other 13 jurisdictions. The city of Crestwood aldermen represent the city of Crestwood, and that's how that works. But yet they will have total say over whether or not a TIF goes through on this ...," he said. "So they have a 5 percent stake, if you will, versus 95 percent for everybody else. That 5 percent for the city is less than $800,000 over the life of the TIF ..."
Dead mall dying
I stopped by the old mall today and it is coming down fast. And renderings as to what is going to replace it? If so, share them here! ![]()
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Any new information on how the new development will look?
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I saw someone out taking pictures yesterday on the way too or from something for my mother. Wonder if we passed each other? It's interesting seeing the old curved (Sears I think) facade exposed. Also the floating theatre clear at the end.
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Downtowns Reinvented Themselves. So Can Malls.
https://www.bloomberg.com/view/articles ... themselves
https://www.bloomberg.com/view/articles ... themselves
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Not sure how this forum went this long without a thread about the slow burning dumpster fire known as the redevelopment of Crestwood Plaza. Here's the latest. Not many details but maybe some hope at least.
https://www.ksdk.com/article/news/local ... -592895221
https://www.ksdk.com/article/news/local ... -592895221
And then there's this:
https://kmox.radio.com/articles/walpert ... -mall-site
The thing that is tripping me up is the difference in language between the two articles. KSDK says the sale "was" contingent on securing tenants. KMOX says it "will be" contingent. That's a pretty significant point to disagree on.
https://kmox.radio.com/articles/walpert ... -mall-site
The thing that is tripping me up is the difference in language between the two articles. KSDK says the sale "was" contingent on securing tenants. KMOX says it "will be" contingent. That's a pretty significant point to disagree on.
I'd imagine they'd want a Letter of Intent from an anchor tenant before any serious cost outlays
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Here's a pretty complete write up of the situation as it stands:
https://callnewspapers.com/local-compan ... mall-site/
https://callnewspapers.com/local-compan ... mall-site/
Sounds a lot beter than the UrbanStret plan
Walpert's plan is also mixed-use and is best described as similar to developments like The Streets or The Boulevard, which feature apartments and retail built around a central downtown-like “Main Street” pedestrian street that encourages people to get out and walk the stores and restaurants.
“You park, get out and walk on the street,” Simpson said. “I think it’s a very exciting concept.”
Under its plan for Crestwood, Walpert could have apartments on a second floor above first-floor retail along a “Celebration Street” lined with stores and restaurants.
With “renters by choice” and young families living in the apartments, the stores and restaurants would have built-in customers at breakfast, and with a few offices in the space, a reliable lunch crowd.
“You've got a development that's going to be vibrant basically 24/7/365, which I think is really what everyone wants that project to be,” Simpson said.