Never underestimate the valuation placed by college students in being able to drink beer in their residence without fear of Residence Advisors coming down heavy on them. When you're 19, the opportunity to move out of the dorms and into your own place is glorious. I bet occupancy by students is quite strong, even if some apartments' view is partially that of a garage, so long as another view is of a fridge full of Nat Light.DeBaliviere wrote:^
There are a lot of students at SLU with wealthy parents. I'm amazed at how many students live in pricey buildings like the Coronado and the Continental. I'm sure there are probably some students living in this building as well.
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If their parents or themselves are dishing out $1250.00/month (=$15,000.00/year) for rent, they'd better have something better than that swill in the fridge. $15K is a new car, or a 10% down payment on a $150,000.00 home.
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^ I knew 2 different gals in college whos parents built McMansions for them and their friends to live in near campus. No joke, new construction, 5 bed, 6 bath 4000 sq ft, 4car garage, granite, stanless steel, under the counter sinks, wrap around front porches etc etc. . I'm talking $500-700k easy.
Just saying, I don't think it's that uncommon.
Just saying, I don't think it's that uncommon.
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^
And there was an article in STL Magazine a year or so ago about a family that had two kids at SLU, so they bought them a penthouse unit at the Park East.
And there was an article in STL Magazine a year or so ago about a family that had two kids at SLU, so they bought them a penthouse unit at the Park East.
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^ But hey, it's just an investment and you can sell once the kids are out of college - or give it as a wedding gift . . . 
And here I thought the high-end rates at the Villas were meant to prevent the place from becoming a party building. 
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DeBaliviere wrote:^
And there was an article in STL Magazine a year or so ago about a family that had two kids at SLU, so they bought them a penthouse unit at the Park East.
I do happen to know a current WU medical student with a unit in the Park East.
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*Edited for removal of drunkeness, I don't even think we're talking about the same unit...my bad.
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newstl2020 wrote:^ and I happen to know the students... Why are they bad people again? More power to them. I hope to be able to buy my kids nice places to live when they are in school as my parents did...since when does that make me an a**hole?
*probably out of line, apologies around*
Who said they're bad people?
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^ Most people are envious if anything, me included. I'd love to have the penthouse unit, who wouldn't?
I heard through the grapevine that 3949 Lindell only had 10 or so units rented so far...
bills10 wrote:I heard through the grapevine that 3949 Lindell only had 10 or so units rented so far...
That may be because most of us could only afford to rent the walk-in closet.
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Are SLU students still in town? I only saw one light on when I drove by tonight.
The only SLU students still in town are those graduating on Saturday.
I went to tour this property and was surprised to learn there are 197 units in this development. As of 2 weeks ago 57 were leased with current occupants and others moving in shortly. Additionally, I was pleasantly surprised at the inner courtyard. The prices were adjusted with a "special" that was being run to help entice more tenants.
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I had a call here the other night, at a unit all the way in the back corner, farthest from the street entrance. It seriously took almost 2 minutes to get to the unit once you walk in. It was a very nice space, but that walk was a killer... I kept thinking, what if I had a handful of groceries?
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FloPoErich wrote:I had a call here the other night, at a unit all the way in the back corner, farthest from the street entrance. It seriously took almost 2 minutes to get to the unit once you walk in. It was a very nice space, but that walk was a killer... I kept thinking, what if I had a handful of groceries?
Imagine if you had an emergency and had to call the cops!!
thats good to hear. Any rumblings on if any retail is coming facing Lindell?
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I wonder if there is enough retail space for CVS to move in?
It seems to me there are plenty of square feet, but not in the shape they'd like. And where would the drive-thru go?
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^What?!?! Isn't this the second time? Seems pretty fishy...
