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PostApr 04, 2008#151

I hope I can eat my words.

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PostApr 05, 2008#152

I have heard from a reliable source that this project has been cancelled. They ran into financing trouble with the current market.



Maybe something can get done but for now it seems the rumors have some legs.

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PostApr 06, 2008#153

"I have heard from a reliable source that this project has been cancelled.- from TB1000



May I ask both TB1000 and Jcity exactly who their reliable sources are that are telling them this project is dead ?? I'm sure we all would like to sort out fact from rumor on this forum. Are you just posting idle gossip and speculation to look knowledgeable or can you indeed prove your statements are correct ? We all know that it's possible any project could be cancelled or postponed in this current credit market, that's not news. But can you state the facts and back it up with some proof please ?

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PostApr 06, 2008#154

I think it's a very bad idea to pass on rumors at a site like this. I found this site when I was looking for a condo in Clayton a couple of years ago. These kinds of things become self-fulfilling prophecies when potential buyers see them.



Here is a fact - the Sales Office on Forsyth is open today.

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PostApr 07, 2008#155

Yes, it is good to be careful with rumors on here.

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PostApr 07, 2008#156

A rumor killer in today's Post-Dispatch. The project is still a go, but this thread will have to be renamed to Trianon Condominiums and Apartments. Apparently the real estate market will no longer allow for a condo only project.
Condo project in Clayton is back on track

By Margaret Gillerman

ST. LOUIS POST-DISPATCH

04/07/2008



A plan to transform a vacant lot on both sides of the Clayton-University City border into a $150 million high-rise development is back on track for the 7400 block of Forsyth Boulevard.



The Clayton Plan Commission has recommended approval of a revised plan for the "transit-oriented development," just west and across the street from the MetroLink stop on Forsyth. The Clayton Board of Aldermen is expected to approve the changes Tuesday. University City will hear the proposal April 23.



Jay Case, president of Orchard Development Group of Chicago, the developer, said he hoped to get started on construction as early as June. Case said that financing was lined up for the development, called Trianon.



The property has been a vacant lot for two decades. The plan approved by the Clayton Plan Commission calls for:



— A 26-story brick-and-stone luxury condominium and retail tower, with five levels of above-ground parking and shops at ground level, a lobby floor and up to 20 floors of condominiums.



— A six-story curved building with up to 175 upscale apartments and first-floor retail with glass storefronts on Forsyth. The building would wrap around the property on Forsyth and then south along the Forest Park Parkway.



— Underground parking.



— A public plaza at Forsyth and Carondelet Plaza with outdoor dining, public art and a water feature.
Click here to read more

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PostApr 07, 2008#157

Glad to see it's back on track.



I was skeptical of a project like this having the plug pulled but when it comes down to financing and the availability of it every project is at a bigger risk of not going through right now. Obviously the changes were made to the project because of market conditions and hopefully because they will make it a better project.



As far as my sources, like most others they are people that I know in the industry who are connected. Of course their word isn't the gospel but they do have very good insight to what is going on around them. Like anything else, the information that they may receive is subject to change by the time I receive that information.



Either way, I'm happy that the rumor is no longer true because I suspect it may have been at one time with the state of the credit markets and lender requirements. Besides, Clayton could use some nice new apartments.

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PostApr 07, 2008#158

I knew this was still on.......TOD projects are probably the most sustainable projects out there, because they are built around a capital investment like Metrolink. In my urban planning class my professor was telling me that TOD projects usually take a little time to pick up momentum, but in about 10 years both Metrolink lines will probably be completely built out around them (meaning our ridership will continue to rise as more people get accustomed to using public transit) . Hopefully by then we would have started on the North-South Line or another extension, because demand would have increased.

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PostApr 07, 2008#159

Did this building get shorter somewhere along the way? I know it has been 26 stories for awhile, but I could have sworn that when it was originally proposed it was to be about the same height as The Plaza. Maybe Zorensky forced them to lop of a few floors?



Edit: Nevermind, I guess it has always been 26 stories, I guess it just looked taller.

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PostApr 07, 2008#160

It appears to me that the Post-Dispatch and Margaret Gillerman give a misleading and untrue headline: "High-rise Project Near Ritz-Carlton is back on track"

There is no basis for that headline as there has never been any evidence that the project has ever been "off track" from the first day the Clayton Planning commission approved the plan and granted a building permit. This latest news referred to in the Post-Dispatch article is not a re-incarnation of some dead failed plan of the Developer as one is lead to believe from reading that headline; rather it is a simple request to revise an existing and on going approved plan for only a portion of the project to better fit and adjust to current market conditions.

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PostApr 07, 2008#161

What the P-D printed a misleading headline? :shock: Stop the presses!

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PostApr 07, 2008#162

The PD is TERRIBLE with regard to real estate stories. The article says "The condominiums probably would be offered at prices ranging from the $300,000s to over $1 million".



#1. About 50 of the units are already under contract.

#2. Anyone can get a price list of remaining units by calling the sales people.



It's like the writer wasn't even aware that this has been marketed for months and that a sales center is open.

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PostApr 07, 2008#163

This direct from the Clayton Office of Planning & Development:

On March 17th Orchard received approval from the Clayton Planning Commission architectural review board to revise their plan for the Trianon project. Tomorrow night 4/8/08 at 7:00pm the Clayton Board of Alderman has a regular meeting at City Hall/Council Chambers. This Orchard/Trianon revision request is first thing on the agenda. Since both the Clayton Planning/Architectural Review Board and the Board of Alderman consist of many of the same individuals it is fully expected Orchard will be granted approval from the Board of Alderman for this revision request. This is standard procedure in Clayton that both boards must approve.



a. The Tower to remain the same except to delete office space on floors 8 and 9. (This was always an option in their initial approved proposal, which if implemented could POSSIBLY reduce the height of the Tower by two floors maximum - no more - Per their contracts with Tower buyers)



b. Tower to have 33,000 ft2 of retail space on ground floor along with a separate residents lobby entrance.



c. Loft building now eliminated and project reduced from three buildings to two buildings



d. The second building along Forsyth will now be 175 mostly apartments / some condos on six floors with retail on ground floor. This one building will now be larger to curve around Forsyth and accommodate the 175 apartments and retail in place of the original two buildings.



e. Last Oct '07 Orchard requested and received and extension for pulling building permits up to one year from that date.



f. No building permits have been pulled by Orchard to date for reasons given that they are still planning/drawing and had decided on this revision for which they needed the approval in question tomorrow night. They state they still plan to break ground by late Spring/mid Summer.



g. Mr. Case advised the Commission that 47 units had been sold in the Tower to date with contracts and escrow money in hand.



h. Note: Clayton Planning/Commission Board approvals are good for one year in which time they must be acted upon or they terminate.

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PostApr 08, 2008#164

They took the old full site renderings off their website. No new ones yet. So, I guess the area east of the tower, along FPP, is just going to be green space?

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PostApr 09, 2008#165



News > St. Louis City / County > Story

Clayton aldermen OK high-rise development

By Margaret Gillerman

ST. LOUIS POST-DISPATCH

04/09/2008




Clayton — The Board of Aldermen voted unanimously Tuesday night to approve a $150 million high-rise residential and retail development along Forsyth Boulevard on both sides of the Clayton-University City border.



The board gave its OK to a revised plan for the "transit-oriented development" on long-vacant land just west and across the street from the MetroLink stop on Forsyth.



The project includes a 26-story luxury condominium tower with a first floor of retail and a six-story upscale apartment building with a first floor of shops and restaurants. Also included will be 559 parking spaces, both underground and in the tower building. A plaza will feature public art and a fountain. University City will consider the proposal April 23.



Jay Case, president of Orchard Development Group of Chicago, the developer, told city officials, "We're ready to go this summer."





Mayor Linda Goldstein said she was delighted. "We can hardly wait to see the construction cranes out there," she said.





http://www.stltoday.com/stltoday/news/s ... enDocument

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PostApr 17, 2008#166

Update in the West End Word, including a new rendering:



http://www.westendword.com/NC/0/352.html

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PostApr 17, 2008#167

From the West End Word Article
However, one step of the approval process that must still be achieved is approval from University City officials; a small section of the eastern edge of the site is part of University City.



The initial plans went through University City’s review successfully, but the recent changes also have to be approved.



Julie Feier, University City city manager, said the plan commission will look at the issue on May 28; it will be reviewed by the city council on June 23 and could be finalized at a public hearing on July 21.
:roll: Could U. City move any slower?

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PostApr 17, 2008#168

I like the new design much better. It looks like less of a compound and flows better with the shape of the street. More inviting. Now build it!

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PostApr 17, 2008#169

TB1000 wrote:I like the new design much better. It looks like less of a compound and flows better with the shape of the street. More inviting. Now build it!


kinda hard to tell from that mini rendering.

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PostApr 17, 2008#170

So the low-rise building wraps around the FPP side now? I wonder if there will be balconies along FPP. The courtyard entrance appears to be at Carondelet and Forsyth now instead of near the Metro station. This makes more sense if the Carondelet Village proposal goes through.



I still don't understand this "private access" to the Metro station that they refer to on their website.

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PostApr 18, 2008#171

The low-rise building wraps around the curve of Forsythe, right across the street from Wash. U's building (the old Famous Barr). That's Forsythe on the left in the rendering.

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PostApr 24, 2008#172

I should be tarred and feathered over my post that this wasn't happening. sorry guys. :oops:

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PostApr 24, 2008#173

Trianon featured in the Ladue News




Inside, Trianon amenities are already impressing prospective buyers. “Residential units start at the 10th floor, which means every unit is guaranteed a view,” says Reid. “Floor-to-ceiling windows either look east toward downtown St. Louis or west into downtown Clayton.” Other inside appointments include open kitchens with granite countertops, stainless Bosch appliances, gas cooktops and custom cabinetry. Bathrooms offer soaking tubs and frameless glass shower doors. Each residence includes its own private terrace.



The building also offers a host of common space amenities, including private storage, private, above-ground secured parking with elevator access, a terrace area with hot tub, pool and full outdoor kitchen, and an interior club room and state-of-the-art fitness center. “Our architect, DeStefano & Partners out of Chicago, is an expert at creating mixed-use buildings that blend completely with their surroundings,” says Reid. An amazing 60 percent of the building is glass. “The architecture will be a beautiful and distinctive addition to the Clayton skyline. Plus, we anticipate LEED certification from the U.S. Green Building Council.”



On another green note, Trianon is a ‘transit-oriented development,’ a new eco-conscious initiative focused on building within reach of public transportation. “Our building is directly across the street from the Forsyth MetroLink station,” notes Reid.



What she calls the project’s ‘affordable luxury’, units range from one to three bedrooms and prices from $300,000 to more than $1 million, has appealed to a diverse group of buyers. “We believe our price points appeal to discriminating buyers in every price range,” she says, adding that sales at Trianon have been brisk. “We have 50 units already under contract and only a few remain at pre-construction pricing. With the groundbreaking scheduled this year and move-in predicted in 2010, residents have ample time to sell their existing home or finish graduate school,” she says.



A full-scale model, photos of amenities and a drawing of the retail plaza are available at Trianon’s sales center at 7515 Forsyth Blvd., which is open Monday through Saturday from 10 a.m. to 6 p.m. and Sundays from noon to 6 p.m.

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PostApr 24, 2008#174

Framer wrote:The low-rise building wraps around the curve of Forsythe, right across the street from Wash. U's building (the old Famous Barr). That's Forsythe on the left in the rendering.
Yes, I got that. But if you look closely at the rendering, the low-rise building appears to turn and continue along FPP, which I guess was the case before. It is just all one building now, instead of two. That is what I was curious about. And it is Forsyth, no e. :)

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PostApr 26, 2008#175


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