Federal Reserve won't allow reopening of Locust due to security reasons. I have heard that there was a big fight with the City over this back in the mid-2000s and that they "threatened" to move to a new building in Clayton that could comply with their security requirements.sc4mayor wrote: ↑Dec 11, 2020^ I actually do support reconnecting Locust through the Mansion House...on the condition that the Federal Reserve would allow the reopening of Locust next to their building (they won't). But a reconnected Locust would dump you right out at the on ramp to 44W. You'd have to walk down to Pine or up to Washington to even access the Arch grounds, much less the waterfront. In that regard, I can kind of see Laife's point.
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STL Biz Journal: New York investor plots $18M renovation of downtown property
Value St. Louis Properties LP, an entity affiliated with Louis Tallarini of Real Property Investors Inc. of New York, wants to invest roughly $18.3 million in the building's renovation, according to documents filed with the city's Land Clearance for Redevelopment Authority (LCRA).
Real Property Investors' local advisors, Brian Pratt of Ballast CRE and Dave Sweeney of Lewis Rice, told the LCRA on Tuesday that the money will go to modernizing the building's HVAC system — which Pratt said is currently "functionally obsolete" — as well as updating the apartments' floors and cabinets. Value St. Louis plans to use a loan from the U.S. Department of Housing and Urban Development.
The Mansion House property, built in 1965, consists of 415 apartments at 300 N. Fourth St., near Fourth and Locust streets in downtown St. Louis. The property is about 80% occupied, Sweeney and Pratt said.
Value St. Louis is seeking 10 years of tax abatement, which the LCRA recommends, as well as sales tax exemption on construction materials. It is unclear when the measure could go before the Board of Aldermen.
It's also not clear when the renovation could take place, nor which construction company is attached to the project.
Functionally obsolete? I happened to enjoy my studio being 80 degrees 365 days a year. Also the shared hot water was great. Instant hot water from any sink or shower.
Yeah, I think it's not so much the H as the VAC that is obsolete. I'm pretty sure all three of these buildings are on the steam loop. But most people these days expect to have some actual control over the temperature in their apartment beyond a fan and a couple of small operable windows, especially with floor-to-ceiling south-facing glass. I suppose the balcony units have more ventilation options at least.aprice wrote: ↑Dec 18, 2020Functionally obsolete? I happened to enjoy my studio being 80 degrees 365 days a year. Also the shared hot water was great. Instant hot water from any sink or shower.
Not an HVAC issue, but I can't say that I always enjoyed instant hot water either, at least not on weekday mornings...
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I hope they've put cleaning up the outside of the building into the budget.
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What appears to be selective demolition plans for the former Crowne Plaza/City Place hotel are now uploaded to the SLDC Planroom. Bids due back on March 5th.
https://www.sldcplanroom.com/jobs/3138/ ... city-place
https://www.sldcplanroom.com/jobs/3138/ ... city-place
Interesting, it looks like they are finally doing this project, 6 years later:chriss752 wrote: ↑Feb 25, 2021What appears to be selective demolition plans for the former Crowne Plaza/City Place hotel are now uploaded to the SLDC Planroom. Bids due back on March 5th.
https://www.sldcplanroom.com/jobs/3138/ ... city-place
P-D: Shutdown of downtown Crowne Plaza hotel appears imminent
"HREC Investment Advisors said in January it had arranged the hotel’s sale by Hallmark Hotels LLC to 200 STL Holdings LLC. The new owner will convert the 440-room hotel into 140 hotel suites and 300 residential units, HREC said at the time."
^^I looked at those demo drawings on SLDC Planroom, and this is a big project, meaning a top to bottom renovation.
The lobby, restaurant, and common areas look like pretty much a gut rehab. And the guest room levels are to be stripped down to bare concrete and select separation walls. So, it will be mostly new plumbing and HVAC, and all new fixtures, flooring, casework and millwork, throughout.
It'll be awesome if two of the Mansion House buildings get a major renovation at the same time. I just hope it eventually extends to the commercial buildings in the MH complex along 4th Street and Memorial Dr., and that depressing garage facade...
The lobby, restaurant, and common areas look like pretty much a gut rehab. And the guest room levels are to be stripped down to bare concrete and select separation walls. So, it will be mostly new plumbing and HVAC, and all new fixtures, flooring, casework and millwork, throughout.
It'll be awesome if two of the Mansion House buildings get a major renovation at the same time. I just hope it eventually extends to the commercial buildings in the MH complex along 4th Street and Memorial Dr., and that depressing garage facade...
I trust this is interior renovation only? They're not doing a re-clad, are they?
There's nothing in the demo package about the exterior, beyond the Lobby entrance area and the rooftop pool/observation deck area. I'm sure they will do something with it, though. I can't imagine putting all that money into a renovation and leaving the facade in this condition:framer wrote: ↑Feb 27, 2021I trust this is interior renovation only? They're not doing a re-clad, are they?
I was wondering about this, because I live downtown and drive down 4th street everyday and for the past couple of weeks or so I've seen trucks outside of the old City Place hotel and seen men loading them up with things they've brought out of the building (mainly I've just noticed mattresses). Many windows recently boarded up as well. Glad to know what is happening!
Plans include a 16,000 sq. ft. grocery store at ground level:
https://greython.com/project/city-place ... 4KNosCTQHc
https://greython.com/project/city-place ... 4KNosCTQHc
Wow that would be amazing!framer wrote: ↑Mar 10, 2021Plans include a 16,000 sq. ft. grocery store at ground level:
https://greython.com/project/city-place ... 4KNosCTQHc
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Wonder who would be entering the downtown market? TJs or Whole Foods?
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In that location? Wishful thinking in my opinion. As many others point out, TJs have mostly a suburban model (at least outside of large dense metros such as NYC) and I doubt that location has the market value to support a Whole Foods. I'm more thinking of some local chain.SeattleNative wrote: ↑Mar 10, 2021Wonder who would be entering the downtown market? TJs or Whole Foods?
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I doubt it's a Fresh Thyme for two reasons: (i) they're a premium grocer more on par with Whole Foods, and as I wrote above I doubt downtown has the market value to support a store of this kind at that location; (ii) they're already opening a store in the city.
This said, I think that Aldi is a reasonable/likely candidate.
This said, I think that Aldi is a reasonable/likely candidate.
Just asking: not challenging, but does Aldi do urban stores? In Chicago all I can remember them being their normal suburban boxes with parking lots.
^ I’ve not seen one myself...but this pretty cool one exists in Philly (minus the orange):
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Would be very happy to see an Aldi there. The new on in Gravois Plaza is MUCH better than the old one on Grand (so much so I would never go to that location). I don't go often as I do like the remodeled Save a Lot on Jefferson and that is 3 block from me.
Maybe something along these lines: https://www.retailwire.com/discussion/a ... ept-store/
