I'm currently working on putting together the permit set for the 1st floor restaurant, lobby and bar. The only mention I've heard of hotel conversion is on this forum.kleancut wrote:In response to the Roberts Tower turning into a hotel.
I've talked to one of the project managers, and he says thats a rumor he's never heard.
1-2 levels will be a restaurant and lobby, the rest will continue to be condos and the top floors will be a gym.
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Will the restaurant/bar have an outdoor patio overlooking the plaza?UrbanPioneer wrote:I'm currently working on putting together the permit set for the 1st floor restaurant, lobby and bar. The only mention I've heard of hotel conversion is on this forum.kleancut wrote:In response to the Roberts Tower turning into a hotel.
I've talked to one of the project managers, and he says thats a rumor he's never heard.
1-2 levels will be a restaurant and lobby, the rest will continue to be condos and the top floors will be a gym.
what a ridiculous idea.Moorlander wrote:A penthouse gym, ya that makes sense
http://www.marcfdesign.com/sky/index.html
good job guy.
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^ Well this guy happens to think that the penthouse space might earn a better ROI for the Roberts as something not a gym. I restaurant/lounge or a actually penthouse condo come to mind.
The economics/demographics in LA are a little different in StL, but what do I know, I don't sell bubble tea.
The economics/demographics in LA are a little different in StL, but what do I know, I don't sell bubble tea.
you act as if the gym on the upper level is my idea.
is your bubble tea comment some form of disrespect?
is your bubble tea comment some form of disrespect?
ok, then so stfu on your stupid rebuttals to every post, i post.
if you MUST continue. i have accept pm's.
now, back to the tower.
if you MUST continue. i have accept pm's.
now, back to the tower.
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^ ^^ Just imagine if such passion could be funneled into making St. Louis a better place!
But seriously - this is a forum for sharing ideas about St. Louis and urban issues. There's zero reason attack or feel attacked. Let's keep the discussion on ideas. For the record, a penthouse gym in the Roberts Tower seems like a really bad idea - whoever's idea it is.
But seriously - this is a forum for sharing ideas about St. Louis and urban issues. There's zero reason attack or feel attacked. Let's keep the discussion on ideas. For the record, a penthouse gym in the Roberts Tower seems like a really bad idea - whoever's idea it is.
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(apologies for the belated response)DeBaliviere wrote:
Will the restaurant/bar have an outdoor patio overlooking the plaza?
In short... I'm not sure. The plaza was out of our scope and we weren't working directly with the restaurant or bar owner. I'm not sure what their seating plans are. That being said, there isn't much room directly in front of the restaurant for exterior seating. The restaurant space is to the left (if you're standing and looking at the front of the building). You'll notice that the water feature takes up a lot of space.
Work should be starting soon on buildout of the spaces: 1st floor restaurant, nice lobby connecting to Mayfair lobby, 1st floor bar, 2nd floor meeting rooms connecting to Mayfair, and some other back-of-house stuff in the basement etc.
The restaurant and bar should really help the plaza come to life. It's my understanding that they are aiming to finish work and open early this summer. It's likely to be a busy next couple months at the site.
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Great update! I have (very pathetically) not made it home since thanksgiving, so if anyone has any recent pics lying around I would be interested to see the progress.
Its gonna be a good looking tower when its finished. Hopefully when the housing market rebounds we will see more of these types of towers going up. Every time I see this place I'm more and more optimistic about the future of downtown (and the city as a whole).
I just noticed the website was updated with the floorplans. They look pretty good. Sorry if im late. http://www.robertstower.com/floorplans.asp
Thanks - I hadn't bothered to check their site in some time. It's actually fairly well done. Gotta love the views page:stlien wrote:I just noticed the website was updated with the floorplans. They look pretty good. Sorry if im late. http://www.robertstower.com/floorplans.asp
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Well bad News, I will not longer be taking the Penthouse "West"..... didn't win the lottery last night.
Hopefully someone in the city did though!
Back to the floor plans... AWESOME Condo fees must be GINORMOUS.
Hopefully someone in the city did though!
Back to the floor plans... AWESOME Condo fees must be GINORMOUS.
Hear ya Zink, I was aiming for Ballpark Lofts. The powerball pot was large enough that I might have pulled off a wharehouse for myself. I was planning on pawning off a loft or two when I needed some funds for my new Cardinals/Blues spectator career (I have to come up with an investment plant to satisfy my boss at home).
Defying a down market
BY TIM BRYANT
ST. LOUIS POST-DISPATCH
04/23/2010
St. Louis — When Mike and Steve Roberts began building Roberts Tower in 2007, the downtown loft and condo market was already showing signs that leaner days were ahead.
The Robertses — brothers and business partners in hotels, broadcast towers and other real estate projects — remained confident as they pursued their $70 million luxury condo building. But a year later, those sluggish signs transformed into a national housing crisis, claiming St. Louis' biggest builder of downtown lofts and condos, Pyramid Construction.
And yet, the Roberts brothers press on with construction of their 25-story condo tower at 411 North Eighth Street — the first new residential high-rise since the Mansion House complex went up in the 1960s.
link: http://www.stltoday.com/stltoday/busine ... enDocument
BY TIM BRYANT
ST. LOUIS POST-DISPATCH
04/23/2010
St. Louis — When Mike and Steve Roberts began building Roberts Tower in 2007, the downtown loft and condo market was already showing signs that leaner days were ahead.
The Robertses — brothers and business partners in hotels, broadcast towers and other real estate projects — remained confident as they pursued their $70 million luxury condo building. But a year later, those sluggish signs transformed into a national housing crisis, claiming St. Louis' biggest builder of downtown lofts and condos, Pyramid Construction.
And yet, the Roberts brothers press on with construction of their 25-story condo tower at 411 North Eighth Street — the first new residential high-rise since the Mansion House complex went up in the 1960s.
link: http://www.stltoday.com/stltoday/busine ... enDocument
Looking at their floor plans, it looks like to be around 5,600 sqft per floor plate. Multiple that by 24 floors you get 134,000 sq feet. To recoup $70 million, you would need to have an AVERAGE price of $525 per square foot. The article states $350 which I though was high, but after doing the math, it is actually VERY low in comparison to the actual $525.
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I think there were also improvements to the hotel, so they probably counted those in the $70M price tag.zink wrote:Looking at their floor plans, it looks like to be around 5,600 sqft per floor plate. Multiple that by 24 floors you get 134,000 sq feet. To recoup $70 million, you would need to have an AVERAGE price of $525 per square foot. The article states $350 which I though was high, but after doing the math, it is actually VERY low in comparison to the actual $525.
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^The sales center has one.
(Or at least had, the last time I saw it was in 2008?)
(Or at least had, the last time I saw it was in 2008?)
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Michael and Steven Roberts, the brothers behind the multifaceted Roberts Cos., recently sold nearly all of their wireless communications tower business to American Tower Corp. for $88.5 million.
The tower sales provide The Roberts Cos. with substantial liquidity to shore up its other business interests and take advantage of acquisition opportunities, said Chief Executive Michael Roberts.
Meanwhile, Michael Roberts said the Roberts Tower condominium project is progressing as planned and has necessary financing in place. He declined to forecast when the residences would be completed but said he expects to begin pre-selling units this fall.
“We have had about 300 inquiries, and we are only going to have 54 or 55 units,” he said.
A ground floor restaurant there is also in the works for a late summer opening, he said.
Read more: Roberts Cos. sells towers for $88 million - St. Louis Business Journal
http://stlouis.bizjournals.com/stlouis/ ... tory3.html
The tower sales provide The Roberts Cos. with substantial liquidity to shore up its other business interests and take advantage of acquisition opportunities, said Chief Executive Michael Roberts.
Meanwhile, Michael Roberts said the Roberts Tower condominium project is progressing as planned and has necessary financing in place. He declined to forecast when the residences would be completed but said he expects to begin pre-selling units this fall.
“We have had about 300 inquiries, and we are only going to have 54 or 55 units,” he said.
A ground floor restaurant there is also in the works for a late summer opening, he said.
Read more: Roberts Cos. sells towers for $88 million - St. Louis Business Journal
http://stlouis.bizjournals.com/stlouis/ ... tory3.html
It appears that they painted the concrete on the South side a pleasant 'concrete gray' color 
Also, installation as begun on the top floor windows!
Also, installation as begun on the top floor windows!
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54 to 55 units for how many stories? Seems a bit excessive. 55 units sold will hardly make an impact on the people numbers considering some will be 2nd homes.
It has a very small footprint compared to most buildings which can be seen from its slender side profile and it is exactly what we need as it increases downtown's density so it is definately not excessive. I will admit that it will not make a huge impact on the total downtown population, but it will have a huge affect on the old post office plaza.