urbanitas wrote: ↑May 05, 2021
dredger wrote: ↑May 04, 2021
^GC, I don't it is confirmed on going forward on or another but sounds like they were definitely doing their due diligence with a definite site location.
Yeah, those FAA records are the only evidence I've seen that they were serious about it, beyond just looking at an available property. And their interest in the Compton/Chouteau site was likely spurred in part by proximity to a large, mixed-use restaurant and entertainment destination. The demise of the Iron Hill development obviously would have changed their calculations.
That said, there's definitely a market for this sort of destination entertainment in the central corridor. I just think there are better places for it.
Don't forget that Steelcote Square will fulfill much of what Iron Hill would've done, just in a more organic growth pattern. As discussed on the Steelcote thread, Pier Property Group owns several parcels that could lead to two or three additional buildings being built and SLU owns a large parcel along Grand that they could choose to sell to Pier. So say if Pier built 4 additional buildings plus the current cluster of three, you'd have a mixed-use development that includes restaurants, bars, maybe some shops, and maybe a micro brewery/distillery where there previously were none.
It's all speculation of course, but the demise of Iron Hill, in my view, would have nothing to do with Top Golf cancelling the Midtown location. If they would, then that's pretty short sighted because, to my knowledge, three developers are looking at the Iron Hill site presently. So, I'm sure Top Golf is still looking at that idea, just it was pushed back a bit as a result of the nearby development shake up and pandemic. I could see Top Golf canceling the location if they fell hard financially and couldn't catch themselves (which there's no indication of that) or if SLU decided to issue an RFP for the land in favor of a mixed-use development or something else.
In short, the Midtown location would be a cash cow with or without Iron Hill thanks to the proximity to Steelcote Square, the University, MetroLink Station, 70 Grand Bus, Interstate Highways, and all the residents who live East of 170.