Rental prices range from 1.13 - 1.40 per sq ft
http://www.apartmenthomeliving.com/apar ... 101-280425
http://www.apartmenthomeliving.com/apar ... 101-280425
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They announced the winner of the "lovin the Lou" contest. Winner won a free year of rent at the Laurel. St. Louis kicks ass.
Very well deserving!
Better than some pro videos done for the CVC.
Better than some pro videos done for the CVC.
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I love the video, but I wish CVC would put together an unabashed boosterism travelogue video of St. Louis with someone actually talking and explaining what we have here in multiple categories -- something that people will find at the top of the list when they search St. Louis on Youtube.
For example, when I search for Denver, I get this video with a guy explaining all the fantastic things in Denver and within 100 miles of Denver. It makes lots of dubious claims, but, hey its a booster video. A visitor would find this at the top of the Youtube list when they search on Denver. In know it is just bragging, but it actually describes several things a person could search on separately.
http://youtu.be/VTnMn0jMR_M
Oklahoma City has a similar one at the top of their list when you search for it on Youtube.
http://youtu.be/YEEi8ylWACs
The first video for St. Louis is the cool CVC video with lots of things that we love flashing by.
http://youtu.be/MZVj2mJmxHI
Its fine, but we also need one where someone explains to the viewer what we have and do some bragging about "we were first in this " or "we rank best in the nation in that..." Maybe there is one out there, just not near the top of the youtube list when you search on St. Louis.
For example, when I search for Denver, I get this video with a guy explaining all the fantastic things in Denver and within 100 miles of Denver. It makes lots of dubious claims, but, hey its a booster video. A visitor would find this at the top of the Youtube list when they search on Denver. In know it is just bragging, but it actually describes several things a person could search on separately.
http://youtu.be/VTnMn0jMR_M
Oklahoma City has a similar one at the top of their list when you search for it on Youtube.
http://youtu.be/YEEi8ylWACs
The first video for St. Louis is the cool CVC video with lots of things that we love flashing by.
http://youtu.be/MZVj2mJmxHI
Its fine, but we also need one where someone explains to the viewer what we have and do some bragging about "we were first in this " or "we rank best in the nation in that..." Maybe there is one out there, just not near the top of the youtube list when you search on St. Louis.
I went to the Socialize St Louis event at the Laurel tonight. The building looks nice, I didn't get to see any of the apts, but the courtyard is great. The inside apts have balconies over the courtyard.
Someone from the city's planning dept was there. I asked if they could plan for the removal of I-70. He laughed a bit and I said he didn't have to answer. I'm guessing I'm not the only one to bring it up to him.
Someone from the city's planning dept was there. I asked if they could plan for the removal of I-70. He laughed a bit and I said he didn't have to answer. I'm guessing I'm not the only one to bring it up to him.
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Here's some pictures of the hotel itself, in case anybody is wondering.
http://www.hotels.com/hotel/details.htm ... west_first
http://www.expedia.com/St-Louis-Hotels- ... 7-1&rm1=a4&
Great reviews on TripAdvisor
http://www.tripadvisor.com/Hotel_Review ... souri.html
It sounds like a nice place to stay. Hard to beat being right Downtown.
http://www.hotels.com/hotel/details.htm ... west_first
http://www.expedia.com/St-Louis-Hotels- ... 7-1&rm1=a4&
Great reviews on TripAdvisor
http://www.tripadvisor.com/Hotel_Review ... souri.html
It sounds like a nice place to stay. Hard to beat being right Downtown.
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Apartment sales update
http://www.bizjournals.com/stlouis/prin ... l?page=all“We are killing it with the apartments,” Harris said. “When we opened up our preleasing, we were leasing at $1.20 per square foot. We are now leasing at $1.34 per foot, which is huge. We’re talking about a more than 10 percent increase in the last six months.”
About 70 percent of the 205 one- and two-bedroom apartments are leased, said Harris, who is president of Brady Capital and a principal of Spinnaker St. Louis.
The grand opening of the Laurel Apartments was in February and Harris said he could see rents rising to about $1.45 to $1.50 per square foot by next year.
“I was right there with everybody else in thinking that there were too many apartments coming on the market at the same time, but that didn’t turn out to be the case,” Harris said.
Deborah Done, president of locally owned rental agency Apartment Search, said there is a lot of demand for the Laurel Apartments because of their location and amenities.
“Overall, the downtown market is strong and availability it tight,” she said. “Most of the properties are bringing their rents back up.”
Done estimates that average rental price for downtown apartments have increased about 5 percent in the last six months.
^ My point exactly. The demand is there, developers and investors just aren't biting. Maybe the think Washington Avenue is a fad. Maybe the city hasn't made the needed investments outside of Washington Avenue a la improved streetscapes, infrastructure etc. to make downtown more ripe for investment.
Wasn't most (all?) of the work downtown done with a lot of tax credits? I'm not up to date on legislation but recall talk of cutting these programs.
Would it be possible to build/renovate residential buildings without tax credits? What time frame are investors looking at to recoup their costs? Is there a general cost guide for residential highrise buildings?
Would it be possible to build/renovate residential buildings without tax credits? What time frame are investors looking at to recoup their costs? Is there a general cost guide for residential highrise buildings?
These buildings would not likely be rehabilitated without public assistance, because the St. Louis market cannot demand the premiums cities like New York or Chicago can for redeveloping these old warehouses. I believe the HTC were scaled back, correct me if I'm wrong, but there are many people in the legislature that would go to the mat for these tax credits because of how successful they have been. It is likely that if these credits werent capped, by our great rural legislature, we would be seeing even more progress downtown. Definitely one of the best tax credits in the state, but of course Jay Nixon came out like country bumpkin he is and said there was no proof that the HTC created that many jobs, even though a non partisan audit said they are very effective. They will likely be under fire until we get some sanity in our state government.flipz wrote:Wasn't most (all?) of the work downtown done with a lot of tax credits? I'm not up to date on legislation but recall talk of cutting these programs.
Would it be possible to build/renovate residential buildings without tax credits? What time frame are investors looking at to recoup their costs? Is there a general cost guide for residential highrise buildings?