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PostOct 31, 2012#701

It looks like Bruce Millis is looking to have a lease in hand by next month according to Tim Bryant's latest Building Blocks post

http://www.stltoday.com/business/column ... e6897.html

TIF commissioners also approved $10 million in assistance to Mills Properties for its $60 million apartment project at Euclid and West Pine avenues in the Central West End.

Bruce Mills, the company's president, told commissioners the City Walk on Euclid project will have 176 market-rate apartments on six floors above the Whole Foods grocery and a 458-car garage. He said he hopes to begin construction in February after Whole Foods executives complete a 20-year lease agreement next month.

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PostOct 31, 2012#702

as noted on Twitter, that's a crap ton of parking - almost $7M worth

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PostOct 31, 2012#703

Alex Ihnen wrote:as noted on Twitter, that's a crap ton of parking - almost $7M worth
So what's the justification for that (EDIT: claimed justification, anyway. It's hard to think of a valid justification); do they think that many people will be driving to Whole Foods in addition to the apartment-dwellers?

-RBB

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PostOct 31, 2012#704

^ Guess so. The Aventura project in FPSE has 1.03 parking spaces per bedroom and zero retail. City Walk will have ~311 bedrooms (using same ratio as Aventura - we're guessing here). Same parking ratio yields 320 spots for residents (insanely too many) and 138 parking spaces for Whole Foods. For comparison, the Whole Foods in Brentwood - which every customer drives to - has 138 parking spaces in the four rows of parking directly in front of the store. There are many more available if counting those in front of other stores in the strip mall. Still hard to see how the CWE location can justify either 320 spaces for 311 bedrooms and in addition, 138 dedicated spots for Whole Foods.

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PostNov 04, 2012#705

http://www.stltoday.com/business/column ... 76bba.html
You’ve got to love Bruce Mills’ way with words. The developer bought an office building in one of the city’s best neighborhoods, tore it down and now argues that the resulting vacant lot is blighted...

...The problem with subsidies is that they create winners and losers. Because Mills’ tenants won’t bear the full cost of the new construction, his project will have an unfair advantage over other supermarkets and other apartment buildings in the neighborhood. Consider the Straub’s a few blocks away...

...“We’re a small business, and we’re coming out of the toughest economy ever,” Hollenbach told me. “We just want a level playing field.”
TIFs? Damage to local businesses? David Nicklaus hit the nail on the head?

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PostNov 06, 2012#706

I'm extremely excited this development is happening. Sadly though, the design isn't better and I get the feeling it had to be somewhat "traditional" in design. This site calls for something better. Look to the modern towers just south on Euclid.

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PostNov 06, 2012#707

Must we have that clock???
And what about parking, will it be another parking lot from hell like the one at the Brentwood location??

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PostNov 06, 2012#708

Anybody know if the garage will be free for the public or whether it will be a pay garage? The 9 North garage only just recently started getting substantially used thanks to valet parking. It had been practically empty before then.

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PostNov 06, 2012#709

^ huh - would have been crazy to do a parking study of the area, perhaps? There's the WU garage on Laclede that is a public garage as well (or at least was)

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PostJan 30, 2013#710


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PostJan 30, 2013#711

Frustrating, but from my reading, it seems the city (and likely most unions) are very much in support of the project. It will get done. If not, its very bad news for the city. It wouldn't make any sense to allow QuikTrips on every corner and Rally's and McDonalds across the city, but deny a Whole Foods.

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PostJan 30, 2013#712

^ This isn't frustrating at all -- its just part of a process -- and they haven't done anything to delay things. The bigger concern is whether Mills can get an actual lease signed.

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PostJan 30, 2013#713

This project seems to be turning into the Ballpark Village of the CWE.

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PostJan 30, 2013#714

^ This isn't frustrating at all -- its just part of a process -- and they haven't done anything to delay things. The bigger concern is whether Mills can get an actual lease signed.
How is a foreign union asking for a neutrality agreement for a non-union corporation that hasn't signed a lease yet "just part of the process"? Doesn't sound very common to me.

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PostJan 30, 2013#715

So did I read it wrong? What is the cause for the delay?

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PostJan 30, 2013#716

Alex Ihnen wrote:So did I read it wrong? What is the cause for the delay?
I'm not entirely sure I understand the issue here, either. Is financing contingent on Whole Foods signing a lease? And even if it is, what's stopping Whole Foods from signing the lease - they can still progress without dealing with the union. Will labor strife with United Food & Commercial Workers Local 655 somehow affect Mills' relationship with the unions whose members will be involved in building the development?

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PostJan 30, 2013#717

The article points to the delay being that the Board of Aldermen must approve the $10M TIF before construction may begin, that everything in the funding is contingent on the tax relief support being there. And, I would assume, that includes Whole Foods.

If not for United Food & Commercial Workers Local 655, and the national organization, trying to compel their demands upon Whole Foods at this specific site, then I doubt it would be newsworthy until the Board of Aldermen approve the TIF and construction begins. Until then, however, we have this sideshow, where UFCW will try to get their favored Aldermen to delay TIF approval as they try to force Whole Foods to open up this one site in the City, out of 340+ nationwide, to unionization efforts.

If that happens, then this whole deal could fall to pieces. I bet the funding is contingent on both the TIF and the signage of a long-term lease by Whole Foods as primary tenant. If those two things don't materialize, I doubt the building will, either. At minimum, that would mean no jobs for Carpenters; Iron Workers; Plumbers & Pipefitters; Electrical Workers; and so forth.

More people delaying and highly risking the broader good for private, personal interests.

This is why we don't have nice things.

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PostJan 30, 2013#718

^ not what i wanted to hear.

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PostJan 30, 2013#719

^^ That's true, but there's about zero evidence that we're headed towards stopping the project all together.

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PostJan 30, 2013#720

^Absolutely. Far as I know, there's no news until April unless something jumps from out of the clear blue sky. Project is still very much on, dependent upon the upcoming BofA TIF meeting.

Until then, however, we have a new and highly disruptive variable...

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PostJan 31, 2013#721

gone corporate wrote:^Absolutely. Far as I know, there's no news until April unless something jumps from out of the clear blue sky. Project is still very much on, dependent upon the upcoming BofA TIF meeting.
right. While probably not intentional, the article gave a false impression that somehow unions were delaying this project when it hasn't even gone to the BoA yet. If we read in April that the project is in jeopardy b/c of x, y or z, then we can get anxious. But it is hardly news that UFCW would want to do what it can. This reminds me of the Dogtown Apartment issue when there were citizen concerns raised at the public meeting.... some folks here thought the sky was falling and the critics were holding the city back. Its democracy, and sometimes things are messy. (But unlike the Dogtown issue, I highly doubt Whole Foods will make any accommodations.)

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PostJan 31, 2013#722

The story implies that the reason Whole Foods hasn't signed a lease is because of the UFCW's actions, but is that correct? I almost hope so. Mills had hoped to begin construction February...if there's another reason WFs hasn't signed the lease, it may be even worse news for the development.

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PostJan 31, 2013#723

Alex Ihnen wrote:The story implies that the reason Whole Foods hasn't signed a lease is because of the UFCW's actions, but is that correct? I almost hope so. Mills had hoped to begin construction February...if there's another reason WFs hasn't signed the lease, it may be even worse news for the development.
Good point.... things get delayed for a myriad of reasons and the story is far from clear on both the lease and whether the necessary TIF legislation has even been filed. My suspicion is that if the legislation hasn't even been filed yet, there is a bigger problem than the labor issues. Seems like Mills would want to get the process going even as he is working out the lease and labor issues. Anyway, the story as written seemed to want to say something but never actually said it.

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PostJan 31, 2013#724

^ Well, the city's TIF board approved it (along with the Mercedes dealership) in December. Perhaps February was unrealistic, or WF is waiting for the city to sign off. Maybe Mills didn't know the full timeline of approval and thought committee approval would get it moving. Who knows.

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PostJan 31, 2013#725

^ Thanks.... I forgot about that.

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