Is this project still a go or has there just been no news recently
This project appears to still be a go with 60+ units sold. Clayton approved their change from 3 buildings to 2 buildings last month or so ago. U.City was to meet this week to review their changes. Anybody know the results of that meeting or have some facts to share on ground breaking or the status of this project ??
Interesting that the rendering for the Trianon residential tower in the advertisement in the latest St. Louis mag shows a park to the east of the building, no low-rise mixed-use residential/retail building.
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jlblues wrote:Interesting that the rendering for the Trianon residential tower in the advertisement in the latest St. Louis mag shows a park to the east of the building, no low-rise mixed-use residential/retail building.
Nothing new here. That rendering has been on their website since the beginning. See pg 4 of this thread.
Nevermind. You are correct.Moorlander wrote:jlblues wrote:Interesting that the rendering for the Trianon residential tower in the advertisement in the latest St. Louis mag shows a park to the east of the building, no low-rise mixed-use residential/retail building.
Nothing new here. That rendering has been on the website since the beginning. See pg 4 of this thread.
Wonder why they ever created such a rendering though? As far as I know, there was always to be something besides a park to the east of the tower, even though that something has changed a number of times.
So what's the word on this one? I can't imagine this is still moving forward in this economy. Someone prove me wrong, please...
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I saw a small ad for it in this past Sunday's real estate section in the P-D.
**Edit**
Response from the sales center:
My apologies for the delayed response. The economic conditions and turmoil in the financial markets is causing projects longer to get out of the ground these days, but Trianon is still moving forward and we continue to sell.
Thank you for your inquiry and feel free to stop by the sales center anytime to learn more about Trianon!
Response from the sales center:
My apologies for the delayed response. The economic conditions and turmoil in the financial markets is causing projects longer to get out of the ground these days, but Trianon is still moving forward and we continue to sell.
Thank you for your inquiry and feel free to stop by the sales center anytime to learn more about Trianon!
That sounds like some of the BS I say when owner representatives want to know my progress when I have everything sitting at a stand still. Moving forward with what? Closing on construction loan, signed a general contractor, building permits secured, etc.
i'll be shocked if this happens right now. sorry. i'd love to see it, hate to be debbie downer...but come on..
Wonder why the STL Post or Business Journal has said NOTHING in months on the status of this high profile project ?? What gives ??
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What 2009 project excites you most?
Many of the high-profile private sector projects that we expected to be out of the ground by now will probably break ground in 2009. These include: Centene, which is very close; Brown Shoe when the timing is better for them; Trianon, which is still well pre-leased; and RJ York’s hotel and retail project, which is under design. There are a couple of other projects not ready for announcement but that seem very viable in 2009.
http://stlouis.bizjournals.com/stlouis/ ... ocus5.html
Many of the high-profile private sector projects that we expected to be out of the ground by now will probably break ground in 2009. These include: Centene, which is very close; Brown Shoe when the timing is better for them; Trianon, which is still well pre-leased; and RJ York’s hotel and retail project, which is under design. There are a couple of other projects not ready for announcement but that seem very viable in 2009.
http://stlouis.bizjournals.com/stlouis/ ... ocus5.html
Moorlander, you seem to have your finger on the pulse of this and many other projects. What can you tell us about the status of Trianon ? I understand they only have until April 1, 2009 (49 more days) to pull building permits and get started otherwise they will have to start all over from scratch again with architectural submittals and requests for approval from Clayton Bldg & Planning Commission, and same from U.City.
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I understand that this isn't official and maybe not even so informative, but the sales office is in my building and has been open regular hours - at least as of yesterday. As long as the residents of the Crescent don't complain of the height of the building I think this gets built!
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Your guess is as good as mine gin. Just when I think I have a grasp on how this stuff works, the statements made by polititions and developers turn out to be just smoke and mirrors or the economy throws a wrench in the spokes. Like Grover stated above, I like the chances of this project, and well, all of the proposals for Clayton right now. It wouldn't surprise me if they recieved an extention to the deadline.
I want to get this clear in my head, so correct me if I'm wrong: The plans for Trianon's condo tower were announced, land was cleared, condos were sold. But construction was never started? Is this project on hold until the economy picks up?
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I believe that the land clearance predated the Trianon plan. Of course I could be wrong.
The land has been empty for decades-- it is infamously known as the "Clayton Hole." I really hope this gets built-- the vancant land really separates downtown Clayton from the dense neighborhood to the east.
Moorlander wrote:Your guess is as good as mine gin. Just when I think I have a grasp on how this stuff works, the statements made by polititions and developers turn out to be just smoke and mirrors or the economy throws a wrench in the spokes. Like Grover stated above, I like the chances of this project, and well, all of the proposals for Clayton right now. It wouldn't surprise me if they recieved an extention to the deadline.
from the Clayton ARB minutes 3.16.09
A. Request for Extension – Mixed Use Project
7454 Forsyth Boulevard (Trianon Project)
Site Plan Approval Extension
Consideration of a request by Orchard Development Group for a one (1) year extension of the site plan approval for a 2-building mixed-use development consisting of 350 residential units (175 of which would be rented apartments) and 33,500 square feet of retail use. Total square footage of the project is 760,000 square feet. The project also provides 559 on-site parking spaces. The Plan Commission approved this site plan on March 17, 2008.
Architectural Review Extension
Consideration of a request by Orchard Development Group for a one (1) year extension of the architectural review portion of the approval for the Trianon mixed-use development project. The Architectural Review Board approved the architectural aspects of this project on March 17, 2008.
Engineering News Record had a good story on stalled developments because of financing issues. You could probably blame every single project in the Clayton area on this. This time its tough to cry foul on the developer. Throw in MO state legislators and we might as well write off 2009 for the entire region.
http://enr.ecnext.com/coms2/article_bmf ... sStallDe-1
To Todd Harris, trouble at his local bank is a sign of thin times for his building contracting company, J.C. Harris & Sons, which is based in Elgin, Ill., not far from Chicago. Harris keeps an account at Amcore Bank, a mid-sized regional bank, and has even built its branch buildings. But like banks around the world, Amcore reported a loss for 2008: $97.5 million. William McManaman, Amcore’s CEO, told investors that in the last quarter of 2008, builders and developers accounted for the majority of the bank’s new bad loans. So for now, Amcore, like other banks, is about as likely to make new loans for non-owner-occupied building developments as Bernie Madoff is to receive birthday cards from his former clients.
http://enr.ecnext.com/coms2/article_bmf ... sStallDe-1
To Todd Harris, trouble at his local bank is a sign of thin times for his building contracting company, J.C. Harris & Sons, which is based in Elgin, Ill., not far from Chicago. Harris keeps an account at Amcore Bank, a mid-sized regional bank, and has even built its branch buildings. But like banks around the world, Amcore reported a loss for 2008: $97.5 million. William McManaman, Amcore’s CEO, told investors that in the last quarter of 2008, builders and developers accounted for the majority of the bank’s new bad loans. So for now, Amcore, like other banks, is about as likely to make new loans for non-owner-occupied building developments as Bernie Madoff is to receive birthday cards from his former clients.
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The Trianon may be caught up in financing issues, but I don't think they've sold enough units to receive financing even in good times. It's still a great site and I think something will be built - better that this is delayed than dead - at least at the moment.
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Makes perfect sense that they're not having to manage lines out the sales office door on a daily basis. After all, in this market, who has cash on hand to sit in escrow? In fact, lots of those that have put their cash in escrow for reservations are (scarily) realizing that their flat bills comparatively outperformed their portfolios by 30%, just for not being down.Grover wrote:The Trianon may be caught up in financing issues, but I don't think they've sold enough units to receive financing even in good times. It's still a great site and I think something will be built - better that this is delayed than dead - at least at the moment.
Add in that banks have not financing, and this sucker's out for at least another year. I believe it will be built, and that it will be a really great development, but I think it can only happen when the broader economic world stops falling apart.
Glad to know Clayton pols recognize this and are working with the developers on extensions.
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Trianon
$150 million
50 Carondelet Plaza
Status: Seeking Financing
Orchard Development Group is continuing sales efforts for its transit-oriented development planned for the intersection of Forsyth Boulevard and Carondelet Avenue, at 50 Carondelet Plaza. The project includes a 26-story high-rise with 140 condos priced between $350,000 for a 1-bedroom unit and $1.5 million for a penthouse. A separate 6-story building will have 175 apartments. The project also calls for 30,000 square feet of retail space. Ellen Reid, vice president of sales and marketing at Orchard Development Group, said condo sales have been strong at the Trianon — more than half of the units have been sold — but a ground-breaking date won’t be set until financing for the project is secured. “We’re full speed ahead, but it continues to be a challenge to get financing,” she said. “We’re poised to start construction anytime, dependent on the financing.”
http://stlouis.bizjournals.com/stlouis/ ... tml?page=2
$150 million
50 Carondelet Plaza
Status: Seeking Financing
Orchard Development Group is continuing sales efforts for its transit-oriented development planned for the intersection of Forsyth Boulevard and Carondelet Avenue, at 50 Carondelet Plaza. The project includes a 26-story high-rise with 140 condos priced between $350,000 for a 1-bedroom unit and $1.5 million for a penthouse. A separate 6-story building will have 175 apartments. The project also calls for 30,000 square feet of retail space. Ellen Reid, vice president of sales and marketing at Orchard Development Group, said condo sales have been strong at the Trianon — more than half of the units have been sold — but a ground-breaking date won’t be set until financing for the project is secured. “We’re full speed ahead, but it continues to be a challenge to get financing,” she said. “We’re poised to start construction anytime, dependent on the financing.”
http://stlouis.bizjournals.com/stlouis/ ... tml?page=2