urbanSTL

Unless the garages were initially engineered with upward expansion in mind, I doubt that simply adding more floors would be realistic. At their age, and with the expense involved, it would probably be more cost effective to demo them and start from scratch.

addxb2 wrote: ↑

8:38 PM - 1 day ago

This amount of real estate is either owned or being sought by the City or Greater STL Inc. Pretty remarkable opportunity. 

Arch to Park Equity is no longer part of GSL, its a standalone real estate investment fund

Just some random thoughts on downtown that might be completely misguided. Nothing profound here. I feel like St Louis (as a city and region) often gets ahead of themselves on peripheral developments before they even approach critical mass in core areas. In regards to projects in the city, developments located in isolated or restricted access areas like Gateway South, The Armory, and Steelcote seem like projects that should happen out of necessity once the adjacent area is popping at the seams. When I think of the quickest way to impactful downtown revitalization, I think the city should focus the bulk of the settlement money specifically on Pine, Olive, and Locust from 4th street to Tucker. This area encompasses AT&T, Keiner, Wainwright, Railway Exchange, Chemical Building. I believe Washington Avenue has a strong enough built environment that it would develop organically as a result of the added density of Pine, Olive, and Locust. These streets can be a pretty spectacular environment of urban canyons that can’t be replicated in downtowns like Kansas City. The acquisition of the Keiner garages makes it seem feasible that the bulk of the remaining surface lots on these three streets could also be obtained at some point. Overall, my concern is that the city will spread the downtown settlement money over 100 square blocks and the effects will barely be noticed. With that said, I’m not suggesting that the city discourage development outside of the area I mentioned. Phase 3 of Ballpark Village, the Millenium site, and the growth around Energizer Park will all be impactful and contribute to the vibrancy of Downtown and Downtown West. I also understand that I’m oversimplifying and probably idealizing how a lot of this development I’m suggesting would take place.


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Here is a look at the most recent leasing of Kiener garages. The listing has since been removed. Hopefully a sign of quick work. It’d be great to have some improvements before the holidays.

I wonder if they could land a retail/department style store as opposed to just restaurants.

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