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PostAug 02, 2014#351

Technically Purina and Ameren fall within downtowns official boundaries. WF doesn't.

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PostAug 02, 2014#352

Matt, thanks for the info. Either way, we are talking about a lot of jobs at the periphery of downtown. Better there than Creve Coeur or Chesterfield, but imagine how much more vibrant downtown could be if the employment base wouldn't have thinned out so much east of Tucker Boulevard over the last decade or so?

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PostAug 05, 2014#353

This seems to have been a slow summer in terms of downtown development.

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PostAug 05, 2014#354

Something's not right. We are the only, yes the only, Top 20 metro area who's downtown is not at the level of momentum as other metros.... Is it because of East St .Louis?

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PostAug 05, 2014#355

debaliviere wrote:This seems to have been a slow summer in terms of downtown development.
Based on what?

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PostAug 05, 2014#356

^ There's a decent amount of construction for projects already underway but new developments have been in short supply. Ample rumors are out there with things like a couple Laclede Landing developments, etc. but no solid announcements..

Actually, it's been city-wide.... we've had a couple smaller projects announced this year (most recently the 20 unit mixed-use infill project in the Grove but also 1214 Washington downtown and the Gerhardt Block and Remington Rand buildings in the CWE) but, aside from the short-lived Optimists proposal, the last large project to be announced I believe was for the 70 unit Beaumont Building all the way back in February.

Anyway, hopefully this is just a pause and construction will begin soon on key projects throughout town including the OPUS building in CWE, Missouri Theater Building in Grand Center and Arcade-Wright downtown and some nice announcements will be made including on Silo Lofts in Cortex and a couple downtown.... gotta keep the momentum going!

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PostAug 05, 2014#357

downtown2007 wrote:
debaliviere wrote:This seems to have been a slow summer in terms of downtown development.
Based on what?
Construction, leasing activity, etc.

This summer we received news about Webster U.'s commitment to the Arcade building, but nothing has happened there since then. No progress on the Chemical Building front, or with any other vacant buildings except for the Alverne, and I can't remember if construction on that project started in the spring or summer. HOK is moving from one downtown building to another. Craig Heller defaulted on some of his loans, and one of his office tenants moved to Cortex. Blood and Sand has been a nice addition to downtown. Ballpark Village has basically been the story of the summer. I was hoping for more.

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PostAug 05, 2014#358

debaliviere wrote: I was hoping for more.
^ greedy bastard!

I share your impatience but I'm pretty confident things will pick up. Arcade-Wright will happen and presumably Chemical as well; it appears to be just a matter of how soon parking can get worked out.

Magnolia Hotel opens next Tuesday by the way (at least that is the date you can book online) and construction should begin soon on Blues Museum and Lennox Hotel.

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PostAug 05, 2014#359

Ha, definitely greedy!

I will say that the lack of progress with the Chemical Building has been really disheartening. Then again, as recently as October, the building's owners were working on securing parking (that was the last update on the building I could find), and that's not really all that long ago in terms of a redevelopment project of this magnitude. At that point, they were hoping to begin construction in early 2014. I would just love to hear SOMETHING, anything new about this project.

The Magnolia really looks great, and hopefully we'll hear something about new tenants for the OPOP Tower and the OPOP Lofts buildings...and a plan to preserve the other buildings the developers own on Locust.

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PostAug 05, 2014#360

^ I'm surprised we haven't heard more on Downtown West after the success of Lacassian Lofts.... hopefully 1800 Pine and Intrada Lofts are still in the works. I also believe tenancy at Locust Street Lofts should grow as there are new owners know and hopefully the improvements to the Plaza Square towers will also boost those properties.

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PostAug 05, 2014#361

roger wyoming II wrote:^ I'm surprised we haven't heard more on Downtown West after the success of Lacassian Lofts.... hopefully 1800 Pine and Intrada Lofts are still in the works. I also believe tenancy at Locust Street Lofts should grow as there are new owners know and hopefully the improvements to the Plaza Square towers will also boost those properties.
The new Police HQ has only been open a few weeks. Let's give it some time to see what it does to the area.

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PostAug 05, 2014#362

^ I think at minimum we can expect some new restaurants/retail to open in part because of the move.... e.g. is it a coincidence Las Palmas will be opening soon just a few blocks away on Washington in the Tudor Building? Hopefully the storefronts across the street on Olive get some love as well. Not sure if people will be more interested in living in DW because of the HQ and perceptions of safety, but I don't think it can hurt.

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PostAug 08, 2014#363

http://www.stltoday.com/news/local/metr ... a4825.html

Wonder if AB has any plans to add or move jobs downtown.

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PostAug 08, 2014#364

Well they are moving jobs to downtown Chicago.

http://stlouis.cbslocal.com/2014/08/07/ ... n-chicago/

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PostAug 08, 2014#365

^ I don't know how many, if any, will be relocated out of St. Louis for this new marketing unit.... the topper currently works out of NYC according to the Ad Age article.

PostAug 09, 2014#366

Lifted from the BPV thread:
threeonefour wrote:
olvidarte wrote:
Broadway to 7th & Olive to Washington are virtual ghost towns even in the daytime let alone night.
Yup. It feels so much worse with Macy's closed. I've been downtown going on 8 years and the CBD has never felt this dead, even in the middle of the day.

And that 500 block of locust? I don't like walking down it during the day, no way i'd walk those blocks at night. That garage overhang really makes that block feel scary.

I love downtown, but it's feeling really sleepy lately. Off topic, i know.
That section of downtown really is much worse since Macy's closed. It's been a year since its doors closed, and now the building is completely empty. The mayor made its closing sound like no big deal because hipsters don't shop in department stores. People like me who mourned its loss must have looked like sentimental old farts by comparison. Seriously, however you feel about the store, it was one of the last signs of life in that entire area. The restaurants along Olive and Seventh aren't open past lunchtime or on weekends, and Mercantile Exchange retail is still concentrated on the Washington Avenue side, with the Locust Street side vacant. That whole area around the Mercantile Library and Railway Exchange buildings looks like the place where young Bruce Wayne's parents were murdered. As adjacent developments nearby are completed, perhaps the ground floors of these buildings will slowly come back to life, but now, it's No Man's Land, regardless of the time of day.

I agree, downtown feels a bit sleepy now, at least away from Washington Avenue. Getting back on topic, the true test of Ballpark Village will come after the Cardinals finish their season (in October, I assume). I've eaten in all of the restaurants and I've come away pleased each time, but how many times are people going to go there just for that? After all, that's the problem with downtown. Even if there's a restaurant you like, if there are no events in progress, you go to eat, and there's not much to do afterwards. Again, I am confident that this will eventually improve. It's just frustrating to see such a large dead zone in the middle of downtown after so many years of progress in surrounding areas.

PostAug 09, 2014#367

threeonefour wrote: The restaurants along Olive and Seventh aren't open past lunchtime or on weekends, and Mercantile Exchange retail is still concentrated on the Washington Avenue side, with the Locust Street side vacant. That whole area around the Mercantile Library and Railway Exchange buildings looks like the place where young Bruce Wayne's parents were murdered. As adjacent developments nearby are completed, perhaps the ground floors of these buildings will slowly come back to life, but now, it's No Man's Land, regardless of the time of day.
I think w/o question there needs to be a concentrated effort on activating the dead zone now that the OPO area is taking good shape. It appears that LCRA may be obtaining the Mercantile properties before long as '11-'13 property taxes haven't been paid. Perhaps the can-do attitude developer who owns the adjacent Millennium Center & Alverne can get his hands on some of them. '13 taxes haven't been paid yet on the Lasalle Building and some kind of building collapse occurred last year so I don't know what the deal is with that key corner building as well.... that one could be prime for residential conversion.

I'd also look at a retail incentive program if need be to fill up the the rear of M/X and other suitable spaces in the area... Cleveland and some other cities have small business retail grant programs with funding provided by corporate/foundation sponsors.

Anyway, by 2016 the OPO area should be pretty solid and theoretically the Arch improvements and Blues Museum should also give some momentum to lower downtown but the city needs to be proactive in making sure we don't have this whole section still in the dark.

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PostAug 09, 2014#368

That section of downtown really is much worse since Macy's closed.
I can't comment on weekdays during the day since I don't work downtown, but living just a block or so away for the last five years I feel the opposite. I would say the closing of Macy's had little-to-no effect on the vibrancy of the immediate area (bounded by Olive and Locust from Broadway to 7th). It was largely dead before Macy's closed and largely dead now. No dis intended. I love this area and the potential is unlimited. Just calling it how I see it.

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PostAug 09, 2014#369

Anyone know who owns all the properties under the Mercantile Library, Inc. umbrella?

They appear to own everything on the block bounded by Broadway/Olive/Sixth/Locust except for the Lasalle & Millennium. They haven't been paying property tax so hopefully it will be in new hands with a plan soon.... iirc it takes three years of non-payment and non-payment for these properties appears to go back at least to 2011.

PostAug 09, 2014#370

terence d wrote:
That section of downtown really is much worse since Macy's closed.
I can't comment on weekdays during the day since I don't work downtown, but living just a block or so away for the last five years I feel the opposite. I would say the closing of Macy's had little-to-no effect on the vibrancy of the immediate area (bounded by Olive and Locust from Broadway to 7th). It was largely dead before Macy's closed and largely dead now. No dis intended. I love this area and the potential is unlimited. Just calling it how I see it.
It sure is an opportunity, isn't it? Hopefully this will be the next wave of redevelopment after OPO. The Lasalle Building seems prime for residential conversion and at an attractive retail corner location. Not sure about what would be the best use for the Mercantile Library, but I think a de-cladding of the skin would be nice if possible. And if a solid plan for RRX comes about it would make the Arcade look like the minor leagues.

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PostAug 09, 2014#371

roger wyoming II wrote:Anyone know who owns all the properties under the Mercantile Library, Inc. umbrella?

They appear to own everything on the block bounded by Broadway/Olive/Sixth/Locust except for the Lasalle & Millennium. They haven't been paying property tax so hopefully it will be in new hands with a plan soon.... iirc it takes three years of non-payment and non-payment for these properties appears to go back at least to 2011.
Same ownership group as The MX.

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PostAug 09, 2014#372

I would say the closing of Macy's had little-to-no effect on the vibrancy of the immediate area (bounded by Olive and Locust from Broadway to 7th). It was largely dead before Macy's closed and largely dead now. No dis intended. I love this area and the potential is unlimited. Just calling it how I see it.
I'm not saying it was hopping with Macy's there, but Macy's closing did have an effect on pedestrian traffic here during the day. During lunch there aren't a whole lot of people on this stretch whereas before, there was some activity in this block with Macy's open. It wasn't completely dead during the day the way it is now.

PostAug 09, 2014#373

The Lasalle Building seems prime for residential conversion
I wonder if something major is wrong with the building and that's prevent sale and/or conversation? With all those bay windows, they'd make beautiful apartment or condo units, or an interesting boutique hotel, I don't know....maybe even great space for some startups or something

I walk past this building daily and it kills me to see this gorgeous building vacant.

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PostAug 09, 2014#374

^ No question its a beauty and I also worry about its condition... it was cited in June 2013 for building collapse and it appears there also for street cave-in in Dec. '12. It looks like the cases are now closed and it could be nothing too problematic/

PostAug 09, 2014#375

debaliviere wrote:
roger wyoming II wrote:Anyone know who owns all the properties under the Mercantile Library, Inc. umbrella?
Same ownership group as The MX.
That's what I thought but with hundreds of thousands of dollars in unpaid taxes on the buildings it didn't seem like it would be Spinnaker/Harris. Gotta wonder what the deal is.... hopefully there is a plan to move on to these properties once the M/X is taken care of.... paying the taxes owed in the meantime would be nice.

(I also forgot Paradowski owns one of the smaller properties on the Broadway block; they gave up on downtown a while back.)

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