Just having this area clean up so it’s not an eyesore for people coming across the bridge is a win. If this all works out it will be a pretty big deal, imo.
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Current site plans for Crunden-Martin West and East
- Crunden-Martin West Site Plan.pdf (1.36 MiB) 0
- Crunden-Martin West Striping.pdf (1.18 MiB) 0
- Crunden-Martin East A.pdf (1.63 MiB) 0
- Crunden-Martin East - Striping A.pdf (1.61 MiB) 0
- Crunden-Martin East B.pdf (1.94 MiB) 0
- Crunden-Martin East - Striping B.pdf (1.63 MiB) 0
Better day indeed! Thanks Chris. For comparison:Chris Stritzel wrote: ↑Apr 18, 2024I figured I’d try to make y'all's day better.
Crunden Martin East…
IMG_4181.png
IMG_4182.png
IMG_4183.png
Crunden Martin West…
IMG_4184.png
2nd Street…
IMG_4178.png
Prototyping Yard…
IMG_4180.jpeg
Makers Alley (South of Chouteau)
IMG_4179.jpeg
https://www.google.com/maps/@38.6168955 ... ?entry=ttu
https://www.google.com/maps/@38.6166419 ... ?entry=ttu
https://earth.google.com/web/@38.617628 ... ta=OgMKATA
^ An approximation - it's too high and a little far to back but there's no road there now so no Street View and that's the closest I could get in Google Earth
https://www.google.com/maps/@38.6136024 ... ?entry=ttu
^ I think this one's close? Probably this is from a future pedestrian path closer to the middle of the block instead of from Wharf St, but I think the angle's correct.
-RBB
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I've been exceedingly bullish on this for some time. The full site utilization; bringing in multiple new companies in an emerging industry sector to create a proper hub; harnessing the riverways for shipping internationally; the quality of the executives in charge of this, including their past builds... All tops. But holy crap, that never occurred to me. Getting modular homes sold by this outfit to pay City taxes for real estate? Total game changer.dbInSouthCity wrote: ↑Apr 18, 2024I don’t think people realize what this is going to become and the impact that it will have. They are literally going to construct it houses and buildings and ship them all around the US and world down the Mississippi. The impact part is that sales tax on these houses will be paid in STL city.
Depending on how many they crank out this could have a $13-50m a year sales tax revenue impact for the city alone
This could very much be the impetus to every empty block between 7th, 55, and 64 rebuilt with dense urban form construction. Good times.
Does anyone know of any specific companies that will be operating out of this space?
Sent from my Pixel 6a using Tapatalk
Sent from my Pixel 6a using Tapatalk
I admittedly have not been following this, but this is amazing. Now if we could only get rid of the White Castle and that BP...
Or lure White Castle headquarters.jeff707 wrote: ↑Apr 23, 2024I admittedly have not been following this, but this is amazing. Now if we could only get rid of the White Castle and that BP...
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I did a deeper dive into where makers alley could be and came up with this anglerbb wrote:Better day indeed! Thanks Chris. For comparison:Chris Stritzel wrote: ↑Apr 18, 2024I figured I’d try to make y'all's day better.
Crunden Martin East…
IMG_4181.png
IMG_4182.png
IMG_4183.png
Crunden Martin West…
IMG_4184.png
2nd Street…
IMG_4178.png
Prototyping Yard…
IMG_4180.jpeg
Makers Alley (South of Chouteau)
IMG_4179.jpeg
https://www.google.com/maps/@38.6168955 ... ?entry=ttu
https://www.google.com/maps/@38.6166419 ... ?entry=ttu
https://earth.google.com/web/@38.617628 ... ta=OgMKATA
^ An approximation - it's too high and a little far to back but there's no road there now so no Street View and that's the closest I could get in Google Earth
https://www.google.com/maps/@38.6136024 ... ?entry=ttu
^ I think this one's close? Probably this is from a future pedestrian path closer to the middle of the block instead of from Wharf St, but I think the angle's correct.
-RBB
https://maps.app.goo.gl/PXGSkDQZJzAs5UY8A?g_st=ic
The buildings in the background of the makers alley image and this match up pretty well. There’s definitely a lot of historical renovation in this project. They all look great in their new forms.
Sent from my iPhone using Tapatalk
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I don't think any specific companies have been announced, but I hope there's real meat on the bone here. If the concept of establishing a successful new industry comes to fruition it should be a real boost for all of downtown as it will be additive; but if it emerges as just another mixed-use district vying for a share of housing, office and entertainment it may prove to have limited benefits and perhaps even some negative outcomes.nahart wrote: ↑Apr 22, 2024Does anyone know of any specific companies that will be operating out of this space?
Sent from my Pixel 6a using Tapatalk
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I've said if before but a new venue on the level of the Pageant at that spot. Anchors the entire Broadway Triangle/French Market.jeff707 wrote: ↑Apr 23, 2024I admittedly have not been following this, but this is amazing. Now if we could only get rid of the White Castle and that BP...
Watching the webinar on the Gateway Decathlon from last year, they briefly discuss the plans for an exhibit hall and museum as part of the Crunden Martin redevelopment. They specifically mention "exhibiting building details from the past", which made me wonder if they might be planning to partner with National Building Arts Center for exhibits. Either way, this would be the perfect place for the National Building Arts Center to establish some permanent exhibit space, either within that planned "museum" or in another space within the general development area.
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Clayco also doesn’t do advanced manufacturing of homes
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Don’t put ClayCo in a corner! They can do anything. Just ask it’s owner.
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$1.2B downtown project meets financing deadline, adds local partner
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https://www.bizjournals.com/stlouis/news/2024/05/13/gateway-south-downtown-construction-district-goals.htmlAs the $1.2 billion construction innovation district planned south of the Gateway Arch moves closer to construction, the project's developer said it has met city requirements for financing of its $200 million first phase.
The developer, St. Louis-based Good Developments Group, has also added a local partner in the joint venture pursuing the Gateway South project: Robert Millstone, president of the Millstone Cos., a real estate and private equity investment firm, and the former CEO of the construction company now known as Millstone Weber.
Good Developments Group, which is spearheading plans to create the roughly 100-acre Gateway South district that would be located in the downtown and Kosciusko neighborhoods along the Mississippi River, is working to finalize tenants ahead of the start of construction on the project’s first phase. The area is often called by the unofficial name of Chouteau's Landing. In an interview last week, Good Developments Group CEO Greg Gleicher said his firm has secured the financing for the first phase and will submit the written commitments to the city ahead of a June 30 deadline to disclose financing details. A master development agreement GDG reached last year with the St. Louis Port Authority and the city's Land Clearance for Redevelopment Authority required the developer to submit proof of financing for 450,000 square feet of private development.
The project’s initial phase would create a new construction-focused manufacturing site centered around the long-vacant and historic Crunden-Martin factory complex at 760 S. Second St. that spans South Second Street and takes up more than a full city block. The idea is to transform the area into an incubator for ideas for producing modular construction parts to streamline the building process and make housing and other projects more affordable. A spokeswoman for the St. Louis Development Corp., which staffs the LCRA, said the project's development team is "diligently working to comply with all requirements and finalize financing."
Gleicher declined to provide details on project financing, but said "we have term sheets from a handful of lenders, which is great."
Even though funding is committed, Gleicher said GDG won't close on a construction loan until closer to when the work is to begin, a standard practice to avoid paying interest on the loan longer than is required.
Construction could begin later this year, and environmental abatement of the historic buildings could begin sooner, Gleicher said. The developer projects a 2026 date of operation on the Gateway South website.
The firm’s applications for tax credits and incentives are also all on track, he said. The project is pursuing historic tax credits and brownfields tax credits through the state. An update on the status of those tax credits was not yet available.
A new partner; prospecting tenants
Millstone, who is also managing partner of Millstone Capital Partners LLC, a private equity firm, joins a project team that also includes Houston-based Vault Partners, led by Michael Rubenstein, the founder and CEO of the St. Louis-based Wally’s mega-gas station chain.
The massive brick Crunden-Martin buildings would be adapted into manufacturing, a museum and office space for various tenants under the plan, which has public incentives in place for the first phase. The site, surrounded by long-underutilized industrial properties, has "unparalleled" national transportation connections available since it has long served as a hub of factories and industrial uses, GDG said on its website for the project.
In order to move forward, talks between the developers and the possible manufacturing tenants will have to move from letters of intent to signed deals, a process that is currently underway, Millstone said. The firm is not yet revealing details of any of the prospective tenants. Developers have previously said that two companies could locate manufacturing operations there, including a San Francisco-based firm.
The development will also have coworking-style space for other construction-related companies to operate, plans filed with the city show.
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Calling it now:
Kosciusko is going to be a trendy neighborhood within a decade, and you'll hear its name more than you ever have in the last 20-30 years.
Kosciusko is going to be a trendy neighborhood within a decade, and you'll hear its name more than you ever have in the last 20-30 years.
I'm by no means an expert, but the potential impact of this project cannot be understated, right?
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I dont think so, the chance of any of the non-industrial stuff being built is pretty lowRockChalkSTL wrote: ↑May 14, 2024Calling it now:
Kosciusko is going to be a trendy neighborhood within a decade, and you'll hear its name more than you ever have in the last 20-30 years.
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Are you bullish on the project?dbInSouthCity wrote:I dont think so, the chance of any of the non-industrial stuff being built is pretty lowRockChalkSTL wrote: ↑May 14, 2024Calling it now:
Kosciusko is going to be a trendy neighborhood within a decade, and you'll hear its name more than you ever have in the last 20-30 years.
Do you anticipate the project ever reaching the proposed $1.2 billion mark?
If so, do you anticipate a highly industrial neighborhood?
Do you think the cranes and river access portion of the project ever happens?
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I think all of the industrial stuff will happen but it's hard to see residential buildings there. This is going to be a 24/7 industrial operation, that doesn't mix well with sleeping hours