I get and appreciate your sarcasm but the same argument is used, unironically, a lot. I was hoping that the map showing potential the potential tear downs (to build a parking garage on the next block!) would highlight that just a few meters away is a perfectly viable, empty, existing parking structure.SRQ2STL wrote: ↑May 22, 2024Yeah, but then people might have to actually walk...which *gasp*..when presented as the choice downtown...many a folks legs suddenly are broken and incapacitated. Walking? In this economy on those blocks?! Don't you know we have cars?! Ain't nobody got time for human interaction in the age of AI!!bprop wrote: ↑May 22, 2024The giant parking structure on the left is like 95% empty every day. Surely most if not all of the building's parking can be satisfied with it.addxb2 wrote: ↑May 22, 2024I know it's not what most of us want, but is this enough space to find a parking solution for AT&T?Screenshot 2024-05-21 201203.png
Should be an announcement soon on a $100m+ downtown project.
I would imagine it would be the specific proposal for one of the rehabs, AT&T, Chemical, Railway, or Millenium
Probably asked before but I’m curious peoples preferred order these get rehabbed.
I’d probably go
1. Millennium -mainly because it would be the biggest impact on the skyline assuming it’s a teardown and rebuild. Plus location
2. Railway - feel like that block, given the location, getting reactivated does more than ATT
3. ATT
4. Chemical
I think Railway Exchange is the biggest. And Chemical is probably the second. Because of both buildings' prominence right on the street and the sheer visibility of their decay, their rehabs will provide the strongest "shot in the arm" to the surrounding blocks. AT&T is obviously a big deal but its vacancy isn't quite as obvious to the naked eye. I might say the hotel attached just south of the Mansion House (between Mansion House and Hyatt) might be the next important. I drove by there last week and was shocked at its appearance and 4th is quite an important thoroughfare.
Agreed, Railway is the most important by far. And considering its size if it were for example filled with apartments that would have a big impact on Downtown. I'd say Chemical second as well mainly just because of how historic it is, it concerns me how hard it has been to rehab based on the City's fire code 2-stair requirement.
I've also been surprised by how bad shape the southern most mansion house building is. I can remember staying there with some family friends around 4th of July sometime in the 2000s (2006 I think, the world cup was on TV) when it was a Crowne Plaza Hotel and it seemed quite nice.
I've also been surprised by how bad shape the southern most mansion house building is. I can remember staying there with some family friends around 4th of July sometime in the 2000s (2006 I think, the world cup was on TV) when it was a Crowne Plaza Hotel and it seemed quite nice.
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That southern building has a complicated ownership structure. Land and building aren’t the same owners.
I never understood how building something on land you don’t own is a thing. Unless it’s some airtight long lease that should outlast the building.dbInSouthCity wrote: ↑May 27, 2024That southern building has a complicated ownership structure. Land and building aren’t the same owners.
Maybe it’s a common thing though? I have no idea.
A bunch of developers have taken a look at a significant rehab of the southern building. The land lease is onerous and the shared parking garage between the three buildings is problematic. It is difficult to make work unless it could command Ballpark Village type rents which are difficult to justify.
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Were they able to complete repairs on that shared garage? Saw they were working on it for a while. I was in there a few years ago and it seemed like a disaster in waiting
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Architecture firm says it'll remain downtown after lease expires in 2025, considering new office
https://www.bizjournals.com/stlouis/news/2024/05/29/hok-downtown-lease-expiring-remaining.html?cx_testId=40&cx_testVariant=cx_5&cx_artPos=1#cxrecs_sSt. Louis-based architecture firm HOK said Wednesday it plans to remain in downtown St. Louis after its office lease there expires in August 2025.
But HOK could relocate from its current 39,000-square-foot office at 10 S. Broadway, saying it's “exploring other downtown office locations in addition to possibly building out new space” at 10. S. Broadway.
The announcement represents a win for a downtown that has seen more office exits from the neighborhood than new entrants. More common than firms relocating to downtown are ones, like HOK, that announce that they're staying. The neighborhood has the highest office vacancy rate and second-lowest average rents in the region, ahead of only North County, according to Cushman & Wakefield. HOK has had an office located downtown since its founding in 1955, said Margaret McDonald, senior principal at HOK’s St. Louis studio. She said HOK was committed to remaining in the city of St. Louis as it considered its options ahead of the lease expiration. HOK’s downtown presence fits with its identity as an architecture firm and serves as a central location for 170 St. Louis-based employees who live throughout the region, McDonald said. “For us, as architects and designers, our downtowns and the recognizable area of what a city is built around is important,” she said.
McDonald said HOK’s decision to remain downtown gives its proximity to government hubs and major corporations, while providing access for employees to sites like the Gateway Arch and downtown’s entertainment venues.
“Having that experience, being part of that fabric and being committed to that community is just really important to us and architects and designers,” McDonald said.
HOK, a design, architecture, engineering and planning firm, has 1,700 employees and 26 offices globally. In St. Louis, HOK currently occupies the first and second floors at 10 S. Broadway, with tenants that also include law firm UB Greensfelder and accounting firm KPMG. Santa Monica, California-based Hertz Investment Group, the owner of the 21-story office tower, in October 2023 agreed to a takeover of the property by investors, via a receiver, following an alleged loan default. Gregg Williams of Newport Beach, California-based Trident Pacific Real Estate was appointed to act as receiver.
Ground leases are pretty rare and typically utilized to capitalize a complicated real estate development project. The cost of capital is much cheaper than PE. Montgomery Street Partners are pretty big players in the space. Mark Twain of STL used to be.jshank83 wrote: ↑May 28, 2024I never understood how building something on land you don’t own is a thing. Unless it’s some airtight long lease that should outlast the building.dbInSouthCity wrote: ↑May 27, 2024That southern building has a complicated ownership structure. Land and building aren’t the same owners.
Maybe it’s a common thing though? I have no idea.
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Can always count on the BJ to turn an innocuous story into a hit piece on Downtown. Does the mayor of Chesterfield own this rag? Such trashairforceguy1 wrote: ↑May 29, 2024Architecture firm says it'll remain downtown after lease expires in 2025, considering new officehttps://www.bizjournals.com/stlouis/news/2024/05/29/hok-downtown-lease-expiring-remaining.html?cx_testId=40&cx_testVariant=cx_5&cx_artPos=1#cxrecs_sSt. Louis-based architecture firm HOK said Wednesday it plans to remain in downtown St. Louis after its office lease there expires in August 2025.
But HOK could relocate from its current 39,000-square-foot office at 10 S. Broadway, saying it's “exploring other downtown office locations in addition to possibly building out new space” at 10. S. Broadway.
The announcement represents a win for a downtown that has seen more office exits from the neighborhood than new entrants. More common than firms relocating to downtown are ones, like HOK, that announce that they're staying. The neighborhood has the highest office vacancy rate and second-lowest average rents in the region, ahead of only North County, according to Cushman & Wakefield. HOK has had an office located downtown since its founding in 1955, said Margaret McDonald, senior principal at HOK’s St. Louis studio. She said HOK was committed to remaining in the city of St. Louis as it considered its options ahead of the lease expiration. HOK’s downtown presence fits with its identity as an architecture firm and serves as a central location for 170 St. Louis-based employees who live throughout the region, McDonald said. “For us, as architects and designers, our downtowns and the recognizable area of what a city is built around is important,” she said.
McDonald said HOK’s decision to remain downtown gives its proximity to government hubs and major corporations, while providing access for employees to sites like the Gateway Arch and downtown’s entertainment venues.
“Having that experience, being part of that fabric and being committed to that community is just really important to us and architects and designers,” McDonald said.
HOK, a design, architecture, engineering and planning firm, has 1,700 employees and 26 offices globally. In St. Louis, HOK currently occupies the first and second floors at 10 S. Broadway, with tenants that also include law firm UB Greensfelder and accounting firm KPMG. Santa Monica, California-based Hertz Investment Group, the owner of the 21-story office tower, in October 2023 agreed to a takeover of the property by investors, via a receiver, following an alleged loan default. Gregg Williams of Newport Beach, California-based Trident Pacific Real Estate was appointed to act as receiver.
Downtown Tucker/Market area 05/29 8ish pm for a get together and auto drivers were revving their engines and racing the streets unabated. STL downtown is their personal fun joyride race track
Not a cop in sight A guest of ours (not from STL) asked that possibly one or more of the drives of these racing vehicles are cops as they were caught doing in her city
And there is some 100+ million project being announced for downtown? Be sure to include that one of the amenities of this project is from sunset and through the night city street car racing. Oh boy!
Not a cop in sight A guest of ours (not from STL) asked that possibly one or more of the drives of these racing vehicles are cops as they were caught doing in her city
And there is some 100+ million project being announced for downtown? Be sure to include that one of the amenities of this project is from sunset and through the night city street car racing. Oh boy!
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no harm in publicizing it to change the perception and narrative. if people are bringing down the downtown for its crime stats why cant they celebrate the small victories?JaneJacobsGhost wrote: ↑May 30, 2024Can always count on the BJ to turn an innocuous story into a hit piece on Downtown. Does the mayor of Chesterfield own this rag? Such trashairforceguy1 wrote: ↑May 29, 2024Architecture firm says it'll remain downtown after lease expires in 2025, considering new officehttps://www.bizjournals.com/stlouis/news/2024/05/29/hok-downtown-lease-expiring-remaining.html?cx_testId=40&cx_testVariant=cx_5&cx_artPos=1#cxrecs_sSt. Louis-based architecture firm HOK said Wednesday it plans to remain in downtown St. Louis after its office lease there expires in August 2025.
But HOK could relocate from its current 39,000-square-foot office at 10 S. Broadway, saying it's “exploring other downtown office locations in addition to possibly building out new space” at 10. S. Broadway.
The announcement represents a win for a downtown that has seen more office exits from the neighborhood than new entrants. More common than firms relocating to downtown are ones, like HOK, that announce that they're staying. The neighborhood has the highest office vacancy rate and second-lowest average rents in the region, ahead of only North County, according to Cushman & Wakefield. HOK has had an office located downtown since its founding in 1955, said Margaret McDonald, senior principal at HOK’s St. Louis studio. She said HOK was committed to remaining in the city of St. Louis as it considered its options ahead of the lease expiration. HOK’s downtown presence fits with its identity as an architecture firm and serves as a central location for 170 St. Louis-based employees who live throughout the region, McDonald said. “For us, as architects and designers, our downtowns and the recognizable area of what a city is built around is important,” she said.
McDonald said HOK’s decision to remain downtown gives its proximity to government hubs and major corporations, while providing access for employees to sites like the Gateway Arch and downtown’s entertainment venues.
“Having that experience, being part of that fabric and being committed to that community is just really important to us and architects and designers,” McDonald said.
HOK, a design, architecture, engineering and planning firm, has 1,700 employees and 26 offices globally. In St. Louis, HOK currently occupies the first and second floors at 10 S. Broadway, with tenants that also include law firm UB Greensfelder and accounting firm KPMG. Santa Monica, California-based Hertz Investment Group, the owner of the 21-story office tower, in October 2023 agreed to a takeover of the property by investors, via a receiver, following an alleged loan default. Gregg Williams of Newport Beach, California-based Trident Pacific Real Estate was appointed to act as receiver.
Unfortunately it happens in KC on a semi regular basis as wellhebeters wrote: ↑May 30, 2024Downtown Tucker/Market area 05/29 8ish pm for a get together and auto drivers were revving their engines and racing the streets unabated. STL downtown is their personal fun joyride race track
Not a cop in sight A guest of ours (not from STL) asked that possibly one or more of the drives of these racing vehicles are cops as they were caught doing in her city
And there is some 100+ million project being announced for downtown? Be sure to include that one of the amenities of this project is from sunset and through the night city street car racing. Oh boy!
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If they want that lambert $150,000,000 design contract they better stay. This and their CEOs paid for article in the BizJ about how great they are at airport design is all part of that push. Don’t think it’s a coincidence it was announced while Mayor Jones was at their office
I spend my life traveling much more than I would like and this is not a problem exclusive to St. Louis (doesn't mean its OK or we should accept it). Covid (and possibly antipolice fall-out from incidents Ferguson) emboldened these groups across the country. I've seen 4 wheelers race through downtown Philly. Dirt bikes in downtown Austin. Muscle cars laying rubber in Nashville and Miami. It's literally everywhere.hebeters wrote: ↑May 30, 2024Downtown Tucker/Market area 05/29 8ish pm for a get together and auto drivers were revving their engines and racing the streets unabated. STL downtown is their personal fun joyride race track
Not a cop in sight A guest of ours (not from STL) asked that possibly one or more of the drives of these racing vehicles are cops as they were caught doing in her city
And there is some 100+ million project being announced for downtown? Be sure to include that one of the amenities of this project is from sunset and through the night city street car racing. Oh boy!
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Some jerk got past the barriers on Leonor K Sullivan and left hundreds of different skid marks down the entire stretch. They also took out a sign and got on the sidewalk to do a huge burnout that ate into the concrete.
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yep it sucks everywhere. terrorism is totes cool now apparently. a lot of humans are just garbage.
https://www.nytimes.com/2024/05/29/us/s ... llcat.html
https://www.nytimes.com/2024/05/29/us/s ... llcat.html