urbanSTL

Shrunk, but occupies the same amount of land. This is a path to insolvency.

3,558 spaces!

So if the F&G buildings are going to have retail, which side will the entrance be on? Facing Watson or facing into the development? 

Building A is labeled as pharmacy so I can only guess CVS since there is a Walgreens 1/4 mile away.

Apparently no current plan for a bike trail connector to Grant's Trail.

Disappointing but at least it's something. I had all but given up on any development happening.

Any word on when they will release information on who will be moving into the first few phases of this?

bwcrow1s wrote: Right? It basically looks like Crestwood Plaza at this point lol.  And it looks like tons of garage parking as well?

Gotta say, always wanted to live in a strip mall.  I hate to say it, but, they gonna throw in the towel at some point? I like to think this would all be more successful just as rezoned and developed into subdivisions.  The retail scene around Crestwood is not exactly robust at this stage either.

The parking confuses me on the latest site plan.   As you note, it looks they pretty much keep the same amount of deck/garage parking only changing location of decks but add a ton of surface.  I assume that the surface parking be build first and deck parking part phased in at a later date.

The other item that stuck out to me is removing the Grant Trail extension.  Just seems like we are getting back to proposal that really try to isolate development footprint.  I assume it is a cost saving measure but vision of a Grant Trail extension for new tenants and residents seems like a strong selling/leasing point

Finally, game is definitely on.   Region has a serious number of competing proposals for office, retail and mixed use to name a few at the moment

- Crestwood redevelopment
- Boulevards phase II & a competing Sansone office tower next door
- Kummer's Clayton CBD
- Centene future phases
- CORTEX/Wexford/Koman Cortex K
- Foundry 
- Armory
- Iron Hill
- BPV phase III/Cupples X and looking like a legit ATT building proposal in the works/forthcoming
- McKay/Lafayette Square

Sadly predictable. 

If a builder came in and took this land to develop new housing, it would get snapped up quickly. If it goes the route they're proposing now, the retail space will sit vacant for a long time. Retail in this stretch will always be secondary to Sunset Hills and Kirkwood Commons.

Assuming they'll wait to break ground until they've got some of the pre-leasing done, I can see this one being retired to the renderings graveyard in the near future.

jbacott wrote: If a builder came in and took this land to develop new housing, it would get snapped up quickly. If it goes the route they're proposing now, the retail space will sit vacant for a long time. Retail in this stretch will always be secondary to Sunset Hills and Kirkwood Commons.

Assuming they'll wait to break ground until they've got some of the pre-leasing done, I can see this one being retired to the renderings graveyard in the near future.

Walpert says that they have letters of intent for the office building and some of the retail space so I wouldn't say this will die yet. It's supposed to start this Summer sometime, if not early Fall. The first thing to be built will be the office building and then some residential units.

dredger wrote: * Would it be fair to call it sister or brother to Richmond Heights "The Boulevards" development without access to metrolink?  

Do you think the original developer of The Boulevard was happy about that "access to Metrolink"?  

^That Watson and Grant development was sunk by the conflict with the owner of the corner building. It may have had problems finding tenants but I don't know that they ever got that far.

Black02AltimaSE wrote: ^That Watson and Grant development was sunk by the conflict with the owner of the corner building. It may have had problems finding tenants but I don't know that they ever got that far.

Partially true, but that was mostly an excuse proffered by local pols.  The corner owner was being difficult, but that property wasn't necessary.  And there were options, if there had been any interest from lifestyle retailers, or for that matter, upscale residential builders.  There just wasn't.

The amount of vacant retail space, reduced traffic on this stretch of Watson., poor highway access, and demographics of the area were unfavorable then, and it certainly hasn't improved since then.

Last thing Watson needs is more retail space. All the empty strip malls are depressing to look at. I also agree that they would be better off just building a subdivision.

To bad we are not living under better together. If cities did not live for sales tax revenue then perhaps having this as all residenal would make more sense. Lindbergh is one of the most desirable districts so think people would be flocking to live here and the need for incentives would be greatly reduced. 

They need a downtown/town square not parking hellscapes

^I'm not at all sure what Crestwood would even do with a downtown. They borrow Kirkwood's when they need one, but they have parking hellscapes from whence to shoot fireworks displays and in which they can teach their kids to drive and host car shows. (Do you see a theme here?) Their very image of themselves, so far as I can tell, is "we took the mall when Webster and Kirkwood didn't want it and it mare our taxes lower, and those greedy scared goobers just want a piece of what we've got." (This is only a slight paraphrase of lifelong Crestwoodian talk.) Parking hellscapes ARE their town square. That's what they actually want, I believe.

*note: I love fireworks displays and would love to see more of them. Bigger, brighter, and 'splodier. I'm told the Netherlands is the place to be for good fireworks displays. Or France round about eat the rich day.

From article in the PD, a survey seeking public input:

https://www.surveymonkey.com/r/Crestwoo ... E0i4u8nFUU

Pretty depressing that the survey had 250k as the low bound for current houses. How out of touch is Crestwood?

^I was thinking the same thing, though I suspect it's a marketing firm that's out of touch, not Crestwood itself. What market do they think this is? At least near my parents there's maybe a house or two that have sold at the bottom tier, but most still seem to sell below that. (Mom was utterly gobsmacked when the first one nearby went for I believe just a shade over 200 a few years back. And it was a larger than typical example with back yard access to Grant's Trail and a nice shady lot. But they still had to build a garage to move the place at what they were asking.) I'd be tempted to fill the thing out, but I'd just be trolling as there's nearly zero chance I'd move to Crestwood if you gave me a house there and paid the taxes for me. Too much bad blood. All that said . . . wow, that's out of left field. And wow is the site plan . . . blah blah blah blah blah.

As a current Crestwood resident (since 2002) our area has been selling quickly and with bidding wars. And homes around us are going for $275-$450K, depending on size. We could sell ours for just about double what we bought it for.

Honestly, the $250K amount seemed kinda normal to me...

Jeff

KMOV - Cost to redevelop the old Crestwood Mall has tripled in price
Latest update

This seems like good news but really just amounts to more wait and see.