The nuance to me is if the company relocating within the city is expanding, increasing employee count. That's an important consideration as space in the region and even outside the region starts to be considered & city might lose out all together.MRNHS wrote: ↑Feb 15, 2017Ugh! According to the article, a "city of St. Louis creative group has already committed to take 30,000 square feet in the Armory’s third floor". So we are once again using tax incentives to move a company already in the city.
The brewery will be announced in 60 to 90 days. I know a few breweries looking to expand...they are both in the city already. I hope it attracts an outside brewery or at least a second location.
Don't get me wrong, I love this rehab. Yet we wonder why the tax incentives do not attract any meaningful growth.
^Yep. The key is getting good space available in the City. Gotta have product on hand.
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BJ has new renders from Green Street:
more here
http://www.bizjournals.com/stlouis/news ... ml?ana=twt
more here
http://www.bizjournals.com/stlouis/news ... ml?ana=twt
I can't stand when the Business Journal puts renderings behind the paywall. They probably didn't do any work to get the renderings as they were likely publicly released, and they definitely didn't produce them.moorlander wrote: ↑May 11, 2017BJ has new renders from Green Street:
more here
http://www.bizjournals.com/stlouis/news ... ml?ana=twt
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Anywhere to view these renderings outside of BJ currently?
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Here are a few of them
$47.1 million phase 1 renders.
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Phase 2 microbrewery
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$47.1 million phase 1 renders.
Phase 2 microbrewery
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I've heard who the brewery tenant will be. It's a good one.
I'm hoping for Perennial or Narrow Gauge. Both would be awesome additions in the city.
My guess would be either 2nd Shift or Narrow Gauge.
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In The Patch, yes. Not a terribly large or glamorous space either. Incredible building and patio though.
2nd shift just opened down the way on Sublette on the Hill, can't imagine they would already expand again? Perennial seems possible. All the other big hitters from 2011 have expanded recently or are planning to (UCBC, 4 hands, Civil life) Not sure about Schlafly? Alpha just announced an expansion, and Charleville too.
My unrealistic hope is to land a brand from outside St. Louis.
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Has Kraftig announced where their brewery will be yet?
Sorry I meant closer to downtown.mjbais1489 wrote: ↑May 12, 2017Perennial is in the city? Right?
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From what I heard a while ago, Billy Busch wanted to buy Grant's Farm and turn it to a Kraftig world. Not sure what happened to that though
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NP just wanted to make sure I was remembering my drives to Perennial correctly
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Some of those renderings were new, some were from February, here's an update on NEXT STL:
https://nextstl.com/2017/05/new-renderi ... en-street/
https://nextstl.com/2017/05/new-renderi ... en-street/
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I'd also love to see a big name out of town or even foreign brewery here. Wasn't Goose Island rumored to be snooping around CWE for space a while ago?
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Yeah Goose Island was being courted for Maplewood and CWE, but I'm not sure they every stuck. Something tells me Perennial feels right... but Narrow Gauge's location looks awfully temporary... My secret hopes are for a Boulevard Tap Room.
What a waste!MRNHeS wrote: ↑Feb 15, 2017Ugh! According to the appetite suppressants article on http://www.cmacusa.org/ a "city of St. Louis creative group has already committed to take 30,000 square feet in the Armory’s third floor". So we are once again using tax incentives to move a company already in the city.
I think it depends on if the company is moving from already desirable space that will be refilled by a new company as well. I think it's important to add density where we can.
I realize it's technically not adding anything at the moment, but it's possible that another company could move into their previous space. That's a net positive, right? Of course, depending on how much this is costing us. I think more jobs, the better. Just depends what happens in the end.
Okay... so let's say it's Arcturis, for example. What would you think?bwcrow1s wrote: ↑Aug 21, 2017I think it depends on if the company is moving from already desirable space that will be refilled by a new company as well. I think it's important to add density where we can.
I realize it's technically not adding anything at the moment, but it's possible that another company could move into their previous space. That's a net positive, right? Of course, depending on how much this is costing us. I think more jobs, the better. Just depends what happens in the end.
^that would seem like a net loss, since Arcturis is leasing the same amount of space now in 720 Olive, so assumedly wouldn't have significant hiring plans with the move. And it would be jobs leaving the CBD. Also while the transit accessibility for the armory will be very good, 720 Olive is second to none.
I don't see anyone snapping up the space Arcturis would be leaving (this would be the second major tenant in a few years to pull stakes from that building). And the large, low floor might not be as easy to convert to apartments as the smaller floor plates higher up.
I don't see anyone snapping up the space Arcturis would be leaving (this would be the second major tenant in a few years to pull stakes from that building). And the large, low floor might not be as easy to convert to apartments as the smaller floor plates higher up.
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I agree. Huge net loss for the City. Downtown needs firms like Arcturis more than Midtown does. We cannot afford to have another prime company leave and another big Downtown building go dark.wabash wrote: ↑Aug 21, 2017^that would seem like a net loss, since Arcturis is leasing the same amount of space now in 720 Olive, so assumedly wouldn't have significant hiring plans with the move. And it would be jobs leaving the CBD. Also while the transit accessibility for the armory will be very good, 720 Olive is second to none.
I don't see anyone snapping up the space Arcturis would be leaving (this would be the second major tenant in a few years to pull stakes from that building). And the large, low floor might not be as easy to convert to apartments as the smaller floor plates higher up.
The entire point of providing tax incentives to a project like this is to draw new business to the City. If it can't it doesn't deserve tax incentives.