urbanSTL

Tim wrote:What is "Mini Design Center"?

We will provide design services to contractors, interior designers and public: kitchen/bathroom cabinets, counter tops, custom lighting, tiles, marble, hard wood flooring etc. it will be located in downtown location to be announced in Dec 2025.

Thank you.


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Do you have timelines for apartments/hotel and the rest of the retail yet? 

dbInSouthCity wrote:Do you have timelines for apartments/hotel and the rest of the retail yet? 

Working progress. Should be in Q2 or Q 3 2025.


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AlterraMike wrote:Hello everyone

Parking options for Jefferson Arms. What do you think?

$175 / month reserved covered parking.
$350 / month reserved covered parking with unlimited Level 2 EV charging per car.

Is garage parking attached and easily accessible via the building? Seems a bit steep at first without looking at parking comps but I would think $150 max (if attached and easily convenient). Realistically $100/mo is more reasonable especially for lease-up/stabilization.


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Yeah in the central west end I think most parking fees run around $75-100/month. 

AlterraMike wrote: ↑

Sep 11, 2024

Hello everyone

Parking options for Jefferson Arms. What do you think?

$175 / month reserved covered parking.
$350 / month reserved covered parking with unlimited Level 2 EV charging per car.

$130 across the street at Park Pacific and it’s part of the rent price already. So when you look at their rents keep in mind it includes parking spot, ATT internet, Uverse and trash/other non ameren utilities.

dbehrens011 wrote: ↑

Sep 11, 2024

AlterraMike wrote:Hello everyone

Parking options for Jefferson Arms. What do you think?

$175 / month reserved covered parking.
$350 / month reserved covered parking with unlimited Level 2 EV charging per car.

Is garage parking attached and easily accessible via the building? Seems a bit steep at first without looking at parking comps but I would think $150 max (if attached and easily convenient). Realistically $100/mo is more reasonable especially for lease-up/stabilization.


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I will keep that in mind. Yes the parking Jefferson Arms is attached to the building and it is secured fully covered. $125 / month should be oky.

AlterraMike wrote: ↑

Sep 12, 2024

What about unlimited EV Level 2 car charge fee per month? Thx

I think we are 5 years away from bigger EV adaption. The post covid transition stalled a little and that’s ok, there needs to be more public education. I’d definitely have EV spots but maybe not necessarily reserved. I think having a person pay for a normal spot and then having a pay as you go EV section of the garage would probably be a best bet for now. But if you do go with a dedicated route, I’d figure out what an average EV spends in a month on charging and use that +10% + normal parking spot rate + $25 mark up.

AlterraMike wrote: ↑

Sep 12, 2024

What about unlimited EV Level 2 car charge fee per month?  Thx

I don't think there is a market for $350 per month parking with or without unlimited EV charging.  If there are comps they are certainly not representative of the market and very misleading.  

According to the below CNET article, 1,250 miles of EV travel per month, at an electric rate of 16 cents per kWh, equals $66 a month. So you'd have to drive your vehicle over 3,000 miles a month to break even on a $175 charge fee, considering only the cost of electricity.

Obviously there is the cost of the additional equipment to consider, and convenience is certainly worth something too. Not many covered parking garages downtown with chargers installed currently, so there's that.

Missouri's electric rate is about 13 cents per kWh, but some public charging stations supposedly charge about double that to cover other expenses.

Based on the above, $175 still seems a little high to me.

https://www.cnet.com/home/electric-vehi ... -a-winner/

Thank you great input everyone

I will possibly offer unlimited charge for $100 on top of $125 for a total of $225 per month per EV vehicle for parking.

$125 / month for regular parking.

Please be on the lookout for my invoice.

Birds Eye view from my terrace, it appears that new windows have started to be installed.

Stl Mag - Historic 1904 Jefferson Arms hotel could dazzle again in Downtown West

https://www.stlmag.com/news/historic-19 ... in-in-dow/

quincunx wrote:Stl Mag - Historic 1904 Jefferson Arms hotel could dazzle again in Downtown West

https://www.stlmag.com/news/historic-19 ... in-in-dow/

Great article!! We still have lots of work to do )


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Interesting to see the stone going on in-person. I also made the observation of some walls set to block some of the windows. You can see that in two photos

^That's going to be a sharp looking building when it's done. Though, yeah, the walls across windows are a bit odd. Though not as bad as a few floors I've seen across windows over the years. (Where shorter floors were inserted in older buildings which historically had taller stories.)

dbInSouthCity wrote:

It’s really encouraging to see retail commitments this far in advance of opening. We’ve struggled to fill retail bays in a lot of these projects.

These little businesses are great additions. Interior designs are great as well. The website for the apartments exists, but not much is there yet.
https://jeffersonarmsresidences.com/