urbanSTL

Random observation: the current round of residential developments could push Clayton's population to an all-time historic high for the first time since 1970.

Makes me wonder why U City continues to lose population. Being right next-door, it would seem that they would get some spill-over development.

^^

^Maybe some combination of better schools, higher rents driving more new development, and wealthy baby-boomer empty nesters moving in from big suburban spreads to smaller, nominally more "urban" and convenient digs.

stlhistory wrote:A few general pieces of knowledge about developments:
1) The parcels near the Ritz Carlton are undergoing negotiations for a major development that will be among the largest in Clayton history. Firm involving Pataki, possibly Pataki-Cahill, is part of the negotiations.
2) All four of the Brentwood-Forsyth parking lot RFP responses involve office and hotel combinations. All four are viable, financed projects.
3) 22 proposals were received for the other RFP in Clayton.
4) They're having difficulty with the police station property because of the 50-year ground lease on it that expires in 22 years.

1. All four Brentwood-Forsyth parking lot responses?

2. Which parcels near the Ritz? Both the lot across from the Metro station and the one further west on Forsyth?

Sounds like a similar proposal as the Tri is coming together but with different players for the properties around Ritz Carlton. Like bilikin asked, curious if these are indeed the properties near/next to Metroling Forysth's station?

I wonder if CORTEX/Wexford/City really need to step up their game to get ground broken on US Metals site/hotel near the new Boyle Station. Clayton CBD in short will have some significant Class A Office/Hotel and most likely more residential breaking ground. Have a tough time seeing a slow growth region supporting new class A/additional hotel rooms/more high rise residential across the board for Clayton, Central Corridor, & downtown. But I can see the region supporting continuing development for at least two of these areas but the city does need to find a way to get some new Class A space built and see CORTEX as best shot right now

Slow growth region or not, I see no reason for the residential part of this trend to abate:

-East of Grand: mixed-income and more moderately priced redevelopments.
-East of Newstead: dorms and more moderately priced low-rise new construction.
-East of Kingshighway/Euclid Corridor: mid-rise and high-rise high-end new construction.
-Clayton: mid-rise and high-rise high-end new construction.

A recession would certainly slow the trend, but in the meantime projects in each of those respective areas seem to be seeing strong interest, leasing up, and in some stage of a virtuous cycle of investment and interest.

That said, if your 2 of 3 estimation is accurate, my guess is that Downtown would be the odd man out, while Clayton & CWE charge ahead.

^ Agree on the residential part.
.
I just don't see as much Class A space development happening so the city can continue to sit on their hands and hope a developer secures an anchor tenant or they can actively discuss with those developers a cash incentive. Similar to what KC did for Power & Light whether it be CORTEX/Wexford folks, Drury family on the landing, etc.. Maybe they will have to swallow some pride, ignore Greene and talk to DeWitt/Cordish. Personally, I would start with anything that continues to move CORTEX along and or strengthen Wash Ave downtown

The Opus development on 111 & 25 N. Central and the Vanguard apartments @ 8500 Maryland are in construction phase. (6 stories)

The town homes going in the old Maryland School lot are probably next. (2 stories)

Centene appears to be poised to raise the buildings on their lot but plans have not been made public so I'd assume they're still quite a ways off from construction. (28 stories?)

The old Schnucks plan has a tower proposed. That's still at the very beginnings. (15 stories)

Vanguard (6 stories)
212 S. Meramec (26 stories)

Mongomery Tower as proposed is 33 stories

roger wyoming II wrote:thanks... just to confirm, those latter aren't towers but mid-rise or just a couple of stories, right?

added # of stories above

The Post will be running a story on Sunday about new development in Clayton and it's effect on Downtown.

framer wrote:The Post will be running a story on Sunday about new development in Clayton and it's effect on Downtown.

http://www.stltoday.com/business/local/ ... 8c4e2.html

This story should've been on The Onion and not STL Today. Lots of talk about a "Megadowntown" with no mention of any actual unification. Lot's of laughable lines in this story. It's tough to pick a most laughable, but this one is definitely in the running:

“Megadowntown,” a term Lewis also uses, has a retail center at the Galleria in Richmond Heights

I laughed until I cried.

St. Louis County is getting ready to sell some properties in downtown Clayton, opening up more sites for development:

http://www.stltoday.com/business/local/ ... 836db.html

framer wrote: ↑

Dec 29, 2017

St. Louis County is getting ready to sell some properties in downtown Clayton, opening up more sites for development:

http://www.stltoday.com/business/local/ ... 836db.html

Thanks for posting. That was a good overview on things. Happy to see Enterprise wants more room to expand. It would be cool to see them put some kind of high rise on that parcel.

framer wrote: ↑

Dec 29, 2017

St. Louis County is getting ready to sell some properties in downtown Clayton, opening up more sites for development:

http://www.stltoday.com/business/local/ ... 836db.html

Thanks for posting. I guess the one frustrating part depending on ones view is comments on Enterprise Car Rental trying for up to 20 years to secure the former family courts/county property next door for expansion. Which essentially says that The Taylor family for how much they give to the community still refuses to make a reasonable business investment in the urban core or city itself. They could easily keep HQ campus intact and have added several 100k square feet of leased spaced downtown the past decade to meet their expansion needs However, if not mistaken, they got additional leased space elsewhere in the region this last year for an ever expanding IT department to match their growth

quote from article

“Enterprise wants that property in the worst way,” said Denny Coleman, who as the former head of the St. Louis Economic Development Partnership is familiar with the county’s long-term plans to sell the property. “That provides them with the opportunity for growth down the line. Clayton would like to see that happen. Enterprise would like to see that happen.”

Enterprise said it has been in communication with the county for more than 20 years about the now-empty family courts building, stretching back to the administration of County Executive George R. “Buzz” Westfall.

dredger wrote: ↑

Dec 30, 2017

Maybe fill up some empty office tower space downtown... or anchor proposed CORTEX East Tower.. or go all in a Cupples X/Cupples technology campus

Can certainly understand their desire to keep it all on one campus and hard to knock Enterprise success for the region but once again local corporate leadership sticking with the low rise corporate suburban campus mentality.

I don't see any reason why they would rent out office space downtown when they already have a campus in Clayton and can build their own building on land they own. They might be able to pull people back from the Olivette office building and have them all back on the same campus. The best I think we can ask for is some kind of high rise on this new parcel. I don't expect it to be a high rise but if it is, I will be happy. I would rather see Clayton get more office space than someone putting an office out in St. Charles or Chesterfield.