urbanSTL

quincunx wrote: ↑

Sep 28, 2022

The parking takes up a lot of space.

NextSTL - DeSales Community Development plans Benton Park Place at Jefferson and Arsenal



https://nextstl.com/2022/09/desales-com ... d-arsenal/

$7.80 building permit application submitted. I'm guessing it's $7.8M.

$80,000 Permit issued for 3211 Ohio Ave. Interior & Exterior renovations. 

Very cool building


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Its adorable. Former carriage house, presumably. 

StlToday - Benton Park West tiny home is 'a house made out of trash'


https://www.stltoday.com/life-entertain ... 78f97.html

quincunx wrote: ↑

5:00 PM - Jul 30

Good news

StlToday - St. Louis nonprofit wins tax abatement for senior housing in Benton Park

DeSales Community Development says it is moving forward with plans to build senior apartments at Arsenal Street and South Jefferson Avenue.

The nonprofit housing developer said the 49 apartments at 3101 South Jefferson will be mixed income, with most renting to those earning 60% or less than the area median income, or less than $49,560 a year for a two-person household.

https://www.stltoday.com/news/local/gov ... 1170c.html

Development website -- Benton Park Place

They must have missed the memo that this type of project just doesn't pencil out in St. Louis.

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It doesn't pencil out. They have a LIHTC allotment that makes it work.

and it took 10 years. 49 units over 10 years with a grueling LIHTC approval process, neighborhood feedback meetings and concern about preserving the scattered community garden beds, and then some!

So grateful this project is happening, but to say it's been an easy road or compare apples-to-apples is silly. This one and the Bevo Crossroads project are more of the same. 

MattnSTL wrote:It doesn't pencil out. They have a LIHTC allotment that makes it work.

So in other words, it pencils out. You do grasp that tax breaks and low income tax credits in exchange for low income housing is like a morally and fundamentally good thing, right? The comparison is tax incentives for apartment developments targeted to make profit off of high income people.

"The tax incentives designed to help low income housing is what makes it work."

Gee thanks for the Harvard level assessment.

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Shame they couldn't find a way to do a corner retail bay

GoHarvOrGoHome wrote: ↑

9:38 PM - Jul 30

Shame they couldn't find a way to do a corner retail bay

Their website says that's going to have a 1000sf corner retail space.

This whole stretch of Jefferson needs the development.

Benton Park is wonderful and should be surrounded by residents

Design is meh but this is a win


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Arsenal Elevation