Yes, at Brentwood and FPP, but I wouldn’t expect them to end up downtown now.JJ Rivera wrote: ↑Sep 14, 2021Where is their HQs right now? Is it Clayton?sc4mayor wrote:^ Well Busch opened in 2006 so it only took 12 years to get the first high-rise. Let the Taylor’s get their stadium finished and maybe then they’ll move on some other projects. Pre-pandemic there was some talk of them moving their HQ near the stadium.
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Kind of refreshing to see an out-of-town media source not feel obligated to show the Arch
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^ Indeed. And it makes sense coming from the NY Times. They know the importance of baseball.
After all, the Yankees are the Cardinals of the American League.
Getting back on point: It sounds like BPV 3 is a near-term probability. Think we'll get something multi-block this off-season? God willing, it'll include office space as well as residential+retail.
After all, the Yankees are the Cardinals of the American League.
Getting back on point: It sounds like BPV 3 is a near-term probability. Think we'll get something multi-block this off-season? God willing, it'll include office space as well as residential+retail.
Is that screen on top already broken? Went to the game last couple weeks ago and didn't notice it on as well.
They turned it off to prevent mounds of dead previously-migrating birds from forming around the base of their pretty tower and on the Salt&Smoke patio. Because that would be unsanitary.rheights wrote: ↑Sep 16, 2021Is that screen on top already broken? Went to the game last couple weeks ago and didn't notice it on as well.
Waiter, there's a duck in my chicken soup...
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Me personally, I'm not sure the confidence is there for more office space by adding co working. But maybe someone else could chime in.gone corporate wrote: ↑Sep 16, 2021^ Indeed. And it makes sense coming from the NY Times. They know the importance of baseball.
After all, the Yankees are the Cardinals of the American League.
Getting back on point: It sounds like BPV 3 is a near-term probability. Think we'll get something multi-block this off-season? God willing, it'll include office space as well as residential+retail.
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Now the season is done lets hope something is in the works for a phase 3 announcement soon.....
Cardinals President Bill DeWitt III offers details on the next phase of Ballpark Village, explains the club's manager change
https://www.bizjournals.com/stlouis/news/2021/10/29/cardinals-dewitt-ballpark-village-shildt-manager.html
Not too much here in the way of an update on phase three. Although it seems he views phase three as all three north surface lots and those could hold "another tower or two". It was implied that phases beyond phase three would be trying to scoop up surrounding lots around Busch.
https://www.bizjournals.com/stlouis/news/2021/10/29/cardinals-dewitt-ballpark-village-shildt-manager.html
Not too much here in the way of an update on phase three. Although it seems he views phase three as all three north surface lots and those could hold "another tower or two". It was implied that phases beyond phase three would be trying to scoop up surrounding lots around Busch.
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Just to pump some breaks before this takes off like wildfire - there was a LOT of generalizing in his statement and it was all more hypothetical instead of some concrete plan. Here's the quote:Timmy wrote: ↑Oct 29, 2021Cardinals President Bill DeWitt III offers details on the next phase of Ballpark Village, explains the club's manager change
https://www.bizjournals.com/stlouis/news/2021/10/29/cardinals-dewitt-ballpark-village-shildt-manager.html
Not too much here in the way of an update on phase three. Although it seems he views phase three as all three north surface lots and those could hold "another tower or two". It was implied that phases beyond phase three would be trying to scoop up surrounding lots around Busch.
DeWitt said filling out the remaining real estate at Ballpark Village could take roughly three to six years. While the organization has no plans at the moment beyond a third phase, he left open the possibility of the Cardinals sometime in the future buying additional land around Busch Stadium and Ballpark Village. However, DeWitt’s hopeful other developers will be drawn to the area to make their own bets on downtown.
“What I’d love to be in is a situation where we’re bidding against a stalking horse (developer) who wants to do another tower, but we’re not quite there yet,” DeWitt said.
This was pretty much the gist of the BPV stuff. Nothing he hasn’t really said before.
DeWitt is bullish on the project’s ability to facilitate additional apartments given the 100% occupancy of Ballpark Village’s 29-story One Cardinal Way tower, which opened in 2020 with the district’s $260 million phase two expansion.
“Presumably, we could do another tower or two,” he said.
DeWitt said filling out the remaining real estate at Ballpark Village could take roughly three to six years. While the organization has no plans at the moment beyond a third phase, he left open the possibility of the Cardinals sometime in the future buying additional land around Busch Stadium and Ballpark Village. However, DeWitt’s hopeful other developers will be drawn to the area to make their own bets on downtown.
“What I’d love to be in is a situation where we’re bidding against a stalking horse (developer) who wants to do another tower, but we’re not quite there yet,” DeWitt said.
^ Thanks for posting quotes
My two cent take, on the bummer side I continue to get the impression that DeWitt/Cordish want a extremely high rate of return before pulling trigger or lack of full confidence in STL market and therefore the 3-6 years comment. Having 100% occupancy of One Cardinal Way and still tentative on pulling 2CW tower only reinforces my believe. The indifferent/head skratcher part to me is why they haven't gone after some of the surrounding properties already and why even announce you might be interested at this point. He announces success with One Cardinal Way and oh by the way, we might be interested in buying your lot next door in same article. The real estate deals to be had around Busch stadium were probably a few years ago.. On the positive side, I really do think they see a premium on going vertical and having a dense build out on remaining space. Having a taller residential tower or two announced later in 2022 is better then a less impressive announcement by the end of this year plus the possibility of grander vision with more density & infill.
My two cent take, on the bummer side I continue to get the impression that DeWitt/Cordish want a extremely high rate of return before pulling trigger or lack of full confidence in STL market and therefore the 3-6 years comment. Having 100% occupancy of One Cardinal Way and still tentative on pulling 2CW tower only reinforces my believe. The indifferent/head skratcher part to me is why they haven't gone after some of the surrounding properties already and why even announce you might be interested at this point. He announces success with One Cardinal Way and oh by the way, we might be interested in buying your lot next door in same article. The real estate deals to be had around Busch stadium were probably a few years ago.. On the positive side, I really do think they see a premium on going vertical and having a dense build out on remaining space. Having a taller residential tower or two announced later in 2022 is better then a less impressive announcement by the end of this year plus the possibility of grander vision with more density & infill.
^ In my own opinion I think DeWitt is holding out for a large office tenant so he can build a second office building as part of Phase III. Personally, I think that’s a bit shortsighted considering the success of the residential portion so far. He’s got a residential product people clearly want…if it were me I’d be moving forward on another apartment tower in short order.
The primary build out of BPV is done. I don’t really see many issues in moving forward a tower at a time from here on out. But I get the feeling DeWitt wants to do something big all at once and I just don’t think that’s necessary.
In terms of your “head scratcher” question…DeWitt pretty much answered it. He wants other developers to come downtown and get involved. Some are (Bamboo, Opus). Most aren’t. I read those comments as him saying they’re not opposed to expanding outside the existing boundaries, but that they’d like to see others come down and do similar things around the ballpark.
The primary build out of BPV is done. I don’t really see many issues in moving forward a tower at a time from here on out. But I get the feeling DeWitt wants to do something big all at once and I just don’t think that’s necessary.
In terms of your “head scratcher” question…DeWitt pretty much answered it. He wants other developers to come downtown and get involved. Some are (Bamboo, Opus). Most aren’t. I read those comments as him saying they’re not opposed to expanding outside the existing boundaries, but that they’d like to see others come down and do similar things around the ballpark.
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The only available lot adjacent to BPV is the former Mike Shannons, and the Cardinal's have veto power on anything tall there correct? Pretty sure I remember hearing that somewhere.
I'm sure that keeps the price down for anybody not named Bill DeWitt.
Otherwise I'm not sure where they would expand unless they tear down one of the garages which I doubt will happen anytime soon.
I'm sure that keeps the price down for anybody not named Bill DeWitt.
Otherwise I'm not sure where they would expand unless they tear down one of the garages which I doubt will happen anytime soon.
Mike Shannon's AND the Hilton complex?GoHarvOrGoHome wrote: ↑Oct 30, 2021The only available lot adjacent to BPV is the former Mike Shannons, and the Cardinal's have veto power on anything tall there correct? Pretty sure I remember hearing that somewhere.
I'm sure that keeps the price down for anybody not named Bill DeWitt.
Otherwise I'm not sure where they would expand unless they tear down one of the garages which I doubt will happen anytime soon.
Not sure it had to be directly adjacent to BPV. The lot to the east of the stadium would be an option but I’m sure they asking price is high.GoHarvOrGoHome wrote: ↑Oct 30, 2021The only available lot adjacent to BPV is the former Mike Shannons, and the Cardinal's have veto power on anything tall there correct? Pretty sure I remember hearing that somewhere.
I'm sure that keeps the price down for anybody not named Bill DeWitt.
Otherwise I'm not sure where they would expand unless they tear down one of the garages which I doubt will happen anytime soon.
They don't own the garages - they were sold right after DeWitt bought the team in 1995.GoHarvOrGoHome wrote: ↑Oct 30, 2021The only available lot adjacent to BPV is the former Mike Shannons, and the Cardinal's have veto power on anything tall there correct? Pretty sure I remember hearing that somewhere.
I'm sure that keeps the price down for anybody not named Bill DeWitt.
Otherwise I'm not sure where they would expand unless they tear down one of the garages which I doubt will happen anytime soon.
Busch is surrounded by development sites in all directions, but particularly to the east, south and west.GoHarvOrGoHome wrote: ↑Oct 30, 2021Otherwise I'm not sure where they would expand unless they tear down one of the garages which I doubt will happen anytime soon.
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It appears that OneLife has sold its ballpark village (and KC) location to this gym. https://www.genesishealthclubs.com/loca ... llage.html
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Rapsodo, a cutting edge sports-tech company (with an enormous presence in baseball) is looking for new real estate in StL for its North American HQ. Would seem like an obvious target fr Cordish/Cardinals.
https://www.bizjournals.com/stlouis/inn ... rowth.html
The Cardinals were slow to see the value of Rapsodo’s product (the last team in MLB to adopt the technology). Hopefully they don’t underestimate this local company twice.
https://www.bizjournals.com/stlouis/inn ... rowth.html
The Cardinals were slow to see the value of Rapsodo’s product (the last team in MLB to adopt the technology). Hopefully they don’t underestimate this local company twice.
I doubt it’ll be BPV. They want 25,000 to 40,000 square feet with a mix of office and warehousing space. I’d say that pretty much nixes the CBD. They operate out of Chesterfield Mall currently.
Agree on BVP not that right fit. But I wonder if their isn't some space whether it be Cupples and or south of stadium in Soulard on either side of S Broadway in Soulard. Downtown used to be filled with warehouses utilizing freight elevators.. Heck, too bad Lemp Brewery development wasn't moving forward in one fashion or another. Talk about a great tenant for one of Lemp's old buildings where you could probably convert ground floor or two into office & have warehouse space upstairs or within same complexsc4mayor wrote: ↑Feb 09, 2022I doubt it’ll be BPV. They want 25,000 to 40,000 square feet with a mix of office and warehousing space. I’d say that pretty much nixes the CBD. They operate out of Chesterfield Mall currently.