^ They will go vertical on the three remaining lots and 'probably' add ground-level retail, I presume on the south side since he mentioned activating both sides of Cardinal Way.
Thanks for posting.
Thanks for posting.
In other words, exactly the same thing we've been hearing for years now.
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They’ll deliver on their promise in the next two or three economic cycles. Maybe 2045?
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The FOMC is set to cut the Key Rate 75bps this year over 3 cuts. After you bring interest rates down and inflation finally is curtailed, the costs to build will drop for all developers, including the DeWitts. They want to build, they have the schematics, they have the market demand. All they need is the proper conditions for financing.
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Sure but they had exquisite conditions for financing 2014-2022 and only managed to eke out less than half of the development. I’m not going to be uncritical of the Dewitts when this project should have been wrapped ages ago.
I hope you are right. However, I am not holding my breath. The FED and SOFR have been gaslighting us for the better part of year. Alot of money still sloshing around that still needs sucked out of the economy.gone corporate wrote: ↑Mar 11, 2024The FOMC is set to cut the Key Rate 75bps this year over 3 cuts. After you bring interest rates down and inflation finally is curtailed, the costs to build will drop for all developers, including the DeWitts. They want to build, they have the schematics, they have the market demand. All they need is the proper conditions for financing.
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I’m hearing there are talks ongoing between Cordish, the Cardinals and a major downtown employer looking to build a new office at Ballpark Village. Not sure how far along they are, or if they’re looking at other options (like Clayton), but it sounds promising. If an agreement is reached, the next phase of Ballpark Village would be this and Two Cardinal Way.
Sure wish it was a company not currently DT. Better than a move to Clayton or elsewhere, however.Chris Stritzel wrote: ↑Apr 12, 2024I’m hearing there are talks ongoing between Cordish, the Cardinals and a major downtown employer looking to build a new office at Ballpark Village. Not sure how far along they are, or if they’re looking at other options (like Clayton), but it sounds promising. If an agreement is reached, the next phase of Ballpark Village would be this and Two Cardinal Way.
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A DT employer who also have an additional base in the suburbs? Can't imagine the likes of Peabody or Stifel would move.
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how many major downtown employers are there these days?
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^ Purina, Ameren, Spire, US Bank, Bank of America, USDA, UMB, Peabody, Stifel, Union Station, city of st.louis, AT&T, PGAV, cardinals, Blues, City SC, Anthem health, state of Missouri, federal government
I know Cardinals want office in the mix, but there is plenty of available, affordable office space to fill already, or am I wrong? I understand the mentality of wanting your name on a new tower (assuming that is the goal), but you could probably brand a number of other available properties in your likeness in the area for less cost. That being said, new construction can only help improve the perception of downtown, right?
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There is no available space at a place someone wants to be at. There is 2,500,000 sf of office space empty in west county but “downtown” chesterfield is still building some
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if the goal is advertising, seems like Purina or Stifel would be the most likely candidates, no?dbInSouthCity wrote: ↑Apr 13, 2024^ Purina, Ameren, Spire, US Bank, Bank of America, USDA, UMB, Peabody, Stifel, Union Station, city of st.louis, AT&T, PGAV, cardinals, Blues, City SC, Anthem health, state of Missouri, federal government
So, another lateral move?Chris Stritzel wrote: ↑Apr 12, 2024I’m hearing there are talks ongoing between Cordish, the Cardinals and a major downtown employer looking to build a new office at Ballpark Village. Not sure how far along they are, or if they’re looking at other options (like Clayton), but it sounds promising. If an agreement is reached, the next phase of Ballpark Village would be this and Two Cardinal Way.
They should have been working on Rawlings.. seeing that grand opening on social media was... deflating.
I recall Purina consolidating everyone to the main campus recently including Nestle IT from 100 Broadway.urban_dilettante wrote: ↑Apr 14, 2024if the goal is advertising, seems like Purina or Stifel would be the most likely candidates, no?dbInSouthCity wrote: ↑Apr 13, 2024^ Purina, Ameren, Spire, US Bank, Bank of America, USDA, UMB, Peabody, Stifel, Union Station, city of st.louis, AT&T, PGAV, cardinals, Blues, City SC, Anthem health, state of Missouri, federal government
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Bryan Cave, Thompson Coburn, Lewis Rice, Brown and James, Evans and Dixon, Sandberg Phoenix, Greensfelder, KPMG, Larson Capital, Deloitte, Anders CPAs,dbInSouthCity wrote: ↑Apr 13, 2024^ Purina, Ameren, Spire, US Bank, Bank of America, USDA, UMB, Peabody, Stifel, Union Station, city of st.louis, AT&T, PGAV, cardinals, Blues, City SC, Anthem health, state of Missouri, federal government
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I'm seeing this pop-up add a lot. What is the current vacancy rate for BPV-One Cardinal Way? I thought it was pretty full. Anyone know. . ?
https://onecardinalway.com/?utm_source= ... =jan+geo+b
https://onecardinalway.com/?utm_source= ... =jan+geo+b
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7/297 for a 2.3% vacancy and if you count occupied units that are coming available in the next 30 days it’s 10/297 or 3.3%.
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Why don't I rarely see anyone in their balconies? It is as if they are not occupied.dbInSouthCity wrote: ↑Apr 16, 20247/297 for a 2.3% vacancy and if you count occupied units that are coming available in the next 30 days it’s 10/297 or 3.3%.
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Anecdotally I know some of the units aren’t used as primary residences, so that could be a factor.stlurbanist wrote:Why don't I rarely see anyone in their balconies? It is as if they are not occupied.dbInSouthCity wrote: ↑Apr 16, 20247/297 for a 2.3% vacancy and if you count occupied units that are coming available in the next 30 days it’s 10/297 or 3.3%.
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About 30% of the units are rented by peoplestlurbanist wrote: ↑Apr 16, 2024Why don't I rarely see anyone in their balconies? It is as if they are not occupied.dbInSouthCity wrote: ↑Apr 16, 20247/297 for a 2.3% vacancy and if you count occupied units that are coming available in the next 30 days it’s 10/297 or 3.3%.
who have a primary home elsewhere and use their OC1 unit during baseball season
Just curious - how do you get access to such kind of information which is sensitive?dbInSouthCity wrote: ↑Apr 16, 2024About 30% of the units are rented by people
who have a primary home elsewhere and use their OC1 unit during baseball season
