urbanSTL

innov8ion wrote:

moorlander wrote:Why do you think they went all 1 bedroom? That seems prohibitive to me.

Are these rentals or what? If so, maybe they wanted to pack as many units in as possible while keeping cost moderate.

Not only did they go with all one bedrooms (save the penthouses at the top two floors) but the sq footage seems pretty limited. Of the six different floor plans sq footage is: 747, 761, 801, 822, 990 and 995.

I'm not convinced this is such a bad thing depending on the pricing. Do we know that yet?

For example, 747-995 is very livable for me and my girlfriend. Is it ideal? No, especially on the lower side. But it's not super crammed either. Larger would be nice, but it doesn't fit my budget.

I suppose what I'm getting at is that 1BR with smaller square footage may fit in more people's budget and bring in a slightly different crowd than otherwise would have moved downtown.

The days of the 1,100 sq.ft 1 bedroom are over. Those are grand old pre-war apartments that have a full (possibly eat-in) kitchen, full dining room, or both. Today the model is to have the kitchen, dining, and living rooms all as one loft style space or "family room." This is either what people want or developers pulling a fast one, but either way it's how new one bedrooms get built. Anything over 900 sq.ft. is pretty generously sized for a 1br these days.

wabash wrote:The days of the 1,100 sq.ft 1 bedroom are over. Those are grand old pre-war apartments that have a full (possibly eat-in) kitchen, full dining room, or both. Today the model is to have the kitchen, dining, and living rooms all as one loft style space or "family room." This is either what people want or developers pulling a fast one, but either way it's how new one bedrooms get built. Anything over 900 sq.ft. is pretty generously sized for a 1br these days.

To be fair, there's a heck of a lot of historic one bedroom apartments that fall in this 750-900 range, too.

Hopefully, whatever restaurant opens it can sustain, sick of all of these businesses leaving downtown.

Can't wait for it to open though, it being a new building might attract some new faces to downtown.

What businesses are leaving downtown?

downtown2007 wrote:What businesses are leaving downtown?

Seriously dude. You know exeaclty what they meant. Quit being a troll

bigmclargehuge wrote:

downtown2007 wrote:What businesses are leaving downtown?

Seriously dude. You know exactly what they meant. Quit being a troll

Was that really necessary? The forum is meant for collegial conversation. There's no need for personal attacks.

We need this building to do very well. As the first NEW residential highrise downtown in decades the occupancy rates will be analyzed closely by any developers looking to build up.

It's pretty clear the majority of the participants on this forum want to see new residential highrises towering over downtown and the central corridor. If this building is a success it provides us hard data that downtown is ready for more towers but contrastly, if the building struggles, I think it will set us back several years.

Do you think the smaller sizes and one bedroom limit this to a younger single/couple crowd? Would the size be off putting for older couples? Or maybe a plus? Do older empty nesters prefer two bedrooms?

moorlander wrote:We need this building to do very well. As the first NEW residential highrise downtown in decades the occupancy rates will be analyzed closely by any developers looking to build up.

It's pretty clear the majority of the participants on this forum want to see new residential highrises towering over downtown and the central corridor. If this building is a success it provides us hard data that downtown is ready for more towers but contrastly, if the building struggles, I think it will set us back several years.

I honestly wouldn't mind waiting for shiny new towers until all of our existing vacant buildings have been filled up. That in itself would add thousands of units and be a big boost for the Central Corridor.

OPO Tower has a very good chance at succeeding . With Webster U Culinaria MX Great Clips and many more amenities this could do very well and the fact its in the heart of downtown why couldn't it succeed let alone its still relatively brand new helps a lot not all potential residents looking to move into downtown desire old historic buildings...

About five of 128 upscale apartments are leased at the tower, and about two dozen people are interested in one of the building’s two penthouses

So 3 or 4% of the apartments are leased...

Sounds like they need to get that ground floor leasing office open ASAP.

Best be some high end finishes if they want people to pay nearly $1200 for a 761sq studio. 1.57/sq foot is a bit high...should have priced at around $1.40/sq ft

Could pay $400/mo. for a one bedroom in CWE and it's a nicer area.

deformative wrote:

About five of 128 upscale apartments are leased at the tower, and about two dozen people are interested in one of the building’s two penthouses

So 3 or 4% of the apartments are leased...

They haven't really advertised them. This is the first I heard on a concrete finish date along with price and unit info. I would expect to see more marketing.

downtown2007 wrote:

deformative wrote:

About five of 128 upscale apartments are leased at the tower, and about two dozen people are interested in one of the building’s two penthouses

So 3 or 4% of the apartments are leased...

They haven't really advertised them. This is the first I heard on a concrete finish date along with price and unit info. I would expect to see more marketing.

Tower at OPOP is taking part in the 2014 Downtown living tour Which is two days after the building opens so that is probably when they are going to start the marketing campaign.

Gateway City wrote:Could pay $400/mo. for a one bedroom in CWE and it's a nicer area.

Can't imagine that will get you much in the CWE.

jstriebel wrote:

Gateway City wrote:Could pay $400/mo. for a one bedroom in CWE and it's a nicer area.

Can't imagine that will get you much in the CWE.

I'd love to see some listings for $400 rent in CWE. Id be blown away if you got under $600 for an apartment there

Yeah that $400 seems low for CWE. I would say you can get an old studio for around $500. Robert's pricing seems high but maybe they're banking on transplants from higher cost rent areas that are working downtown. I'm mostly just glad that they're finally finished with it.

My friends have a one bedroom apartment in CWE for $400, that's why I said that. Nice building, too. The only catch is that it's not right by a Metro station and doesn't have its own parking.

Wow. I have been looking around the city for the last couple weeks and everything in CWE I can find is way higher. Jealous that they have that.