urbanSTL

The WashU lot is necessary for the project to happen. It will be both buildings. Part of the agreement with WashU is that they have final say on design of that northern building, so design may differ than what is the final design of the Kingshighway building.

Still early in this process. They're planning multiple meetings for both neighbors and the review committee.

I will caution that this early discussion is not indicative of what's final. Things like incentives and variances are still under discussion. 

doellingd wrote: ↑

Jan 18, 2024

The WashU lot is necessary for the project to happen. It will be both buildings. Part of the agreement with WashU is that they have final say on design of that northern building, so design may differ than what is the final design of the Kingshighway building.

Still early in this process. They're planning multiple meetings for both neighbors and the review committee.

I will caution that this early discussion is not indicative of what's final. Things like incentives and variances are still under discussion. 

Thanks for the reply, exciting!  and good luck!

Community engagement meeting dates for the FPSE and Kings Oak neighborhoods have been set for NorthPoint Development's proposal along Kingshighway, and the interchange at 64.

• Monday, January 29, 6:30 pm at 4254 Vista Ave
• Tuesday, February 20, 6:45 pm at 4254 Vista Ave
• Tuesday, February 27, 6:30 pm at 4512 Manchester (if needed)
• Tuesday, March 26, 6:30 pm at 4512 Manchester

More details/info on the project's description can be found the FPSE Development Review Committee packet and at forestparksoutheast.com/northpoint-meetings

Some of the info in that packet worth noting:  https://www.forestparksoutheast.com/wp- ... SE1_29.pdf

Some Highlights: 
Est. Investment:Almost $120 million 
Residential Buildings: 328 units 
Parking: 367Spaces 
Seeking Incentives

Costs for Entire Project 
 Acquisition: $5,764,000 
 Pre-development Soft Cost: $4,921,650 
 Construction Cost: $91,480,198 
 Total: $119,626,876 

 Financial incentives being sought with SLDC Timeline for Phase 1: 
 Site Control: Complete 
 Construction Start: Spring, 2024 (Demolition); Q3 2024 
 Construction Complete: Q3, 2026 
 Occupancy: January, 2026

^There is a list of requested variances in the PDF and that is one of them. ✌

Also, here's the incentives note in there: "She also noted that some of the unit prices increased from the initial proposal and that now potential incentives may be sought. A Barzantny noted that he is hopeful that interest rates will go down and if they do, he will not request tax abatement, but if they stay at the same level, he will be seeking incentives through SLDC. "

pattimagee wrote: ↑

Jan 25, 2024

^There is a list of requested variances in the PDF and that is one of them. ✌

Also, here's the incentives note in there: "She also noted that some of the unit prices increased from the initial proposal and that now potential incentives may be sought. A Barzantny noted that he is hopeful that interest rates will go down and if they do, he will not request tax abatement, but if they stay at the same level, he will be seeking incentives through SLDC. "

That's for Austin's Manchester project, FWIW. 

doellingd wrote: ↑

Jan 25, 2024

pattimagee wrote: ↑

Jan 25, 2024

^There is a list of requested variances in the PDF and that is one of them. ✌

Also, here's the incentives note in there: "She also noted that some of the unit prices increased from the initial proposal and that now potential incentives may be sought. A Barzantny noted that he is hopeful that interest rates will go down and if they do, he will not request tax abatement, but if they stay at the same level, he will be seeking incentives through SLDC. "

That's for Austin's Manchester project, FWIW. 

Ahhh whoops, thanks for the clarification