West End Infill and Rehab

GoHarvOrGoHome · PostMar 27, 2018#12018-03-27T16:16+00:00

New topic because I couldn't find anything for this particular hot area.

Jeff Mugg's Delmar Properties plans to rehab a vacant apartment building in the West End.

The $3.9 million project, at 5882-98 Cabanne Ave. and 860-68 Hamilton Blvd., would produce 32 apartments covering 30,400 square feet of space, according to city documents. The city owns the property. Land Clearance for Redevelopment Authority staff recommend a 10-year tax abatement valued at $128,313 for the project, being done through Delmar Properties' West End Apartments LLC. The city estimated that even with the abatement, net new revenue to the city over 30 years would total $236,694.

The three-story building was constructed in 1925 and designed by Nolte and Nauman, a St. Louis firm.

"Known for their distinctive residential commissions in the more exclusive suburbs beyond the city limits that were developing in the early decades of the twentieth century, Nolte and Nauman’s design for this apartment building was strongly influenced by the popular Second Renaissance Revival style," says a nominating form to the National Register of Historic Places.

City documents say the project will produce one full-time job paying $35,000 and two part-time jobs paying $18,000.

Here it is on Google Maps
https://www.google.com/maps/@38.659512,-90.2896741,79a,35y,158.34h,44.33t/data=!3m1!1e3

debaliviere · PostMar 27, 2018#22018-03-27T17:32+00:00

^
Outstanding news!

STLrainbow · PostMar 27, 2018#32018-03-27T18:04+00:00

Good to see this is back... I had this on the city projects list a few years back but it never moved forward; not sure if it's the same person or a new one hoping to get this done now.

It's on Cabanne/Hamilton four blocks north of the mixed-use Gotham apartment building on Delmar that opened a few years back.

MattnSTL · PostMar 27, 2018#42018-03-27T19:47+00:00

To add a little more, two additional nearby buildings will be lightly rehabbed along with the gut rehab of 5882 Cabbane. All of the units will be affordable rental apartments for a 15 year compliance period. CDBG housing production funds from CDA is financing the relatively modest gap that the construction loan and historic tax credits doesn't cover.

PostMar 27, 2018#52018-03-27T19:48+00:00

STLrainbow wrote: ↑
Mar 27, 2018
Good to see this is back... I had this on the city projects list a few years back but it never moved forward; not sure if it's the same person or a new one hoping to get this done now.

Different developer. The financing is well along at this point, so it should be under construction at some point in 2018.

GoHarvOrGoHome · PostMar 27, 2018#62018-03-27T19:54+00:00

I don't know how credible this is but here is a Facebook post by Humans of St. Louis in reference to the 5900 and 6000 blocks of Cates and Clemens.

https://www.facebook.com/HumansofSTL/ph ... =3&theater

Edit: FAKE NEWS

STLrainbow · PostMar 27, 2018#72018-03-27T20:04+00:00

MattnSTL wrote: ↑
Mar 27, 2018
To add a little more, two additional nearby buildings will be lightly rehabbed along with the gut rehab of 5882 Cabbane. All of the units will be affordable rental apartments for a 15 year compliance period. CDBG housing production funds from CDA is financing the relatively modest gap that the construction loan and historic tax credits doesn't cover.

do you know if there's a pretty solid understanding of how many apartment units will be coming off the 15 yr. period and could be turned market rate? Don't know if that will be a pressing issue in Central Corridor in the coming years or not.

MattnSTL · PostMar 27, 2018#82018-03-27T21:38+00:00

STLrainbow wrote: ↑
Mar 27, 2018

MattnSTL wrote: ↑
Mar 27, 2018
To add a little more, two additional nearby buildings will be lightly rehabbed along with the gut rehab of 5882 Cabbane. All of the units will be affordable rental apartments for a 15 year compliance period. CDBG housing production funds from CDA is financing the relatively modest gap that the construction loan and historic tax credits doesn't cover.
do you know if there's a pretty solid understanding of how many apartment units will be coming off the 15 yr. period and could be turned market rate? Don't know if that will be a pressing issue in Central Corridor in the coming years or not.

I don't have a good idea. Someone probably does, and I could figure it out, but I don't have enough time. A lot of LIHTC projects elect to take the extended use period for another 15 years to make a 30 year compliance period, so it's really only the earliest projects that would be coming up to the end. A lot of times even after the LURA is released affordable units stay rental at affordable rates. Just varies on the ownership. A lot of CDBG and HOME funded projects also end up getting extended after the compliance period to avoid paying back the loans that secure the affordability during the compliance period, or get more subsidy for a light rehab which again resets the affordability period.

quincunx · PostMar 28, 2018#92018-03-28T01:47+00:00

GoHarvOrGoHome wrote: ↑
Mar 27, 2018
I don't know how credible this is but here is a Facebook post by Humans of St. Louis in reference to the 5900 and 6000 blocks of Cates and Clemens.

https://www.facebook.com/HumansofSTL/ph ... =3&theater

Don't see any one person or corp owning a lot of the properties on those blocks.
I also don't see any big jumps in property taxes (not that I checked every single property).
6018 CLEMENS 2017 $512.12
2016 $518.34
2015 $472.00
5953 CATES 2017 $609.77
2016 $649.09
2015 $590.40

And I think given how controversial eminent domain is, we'd have heard about it.

MattnSTL · PostMar 28, 2018#102018-03-28T13:59+00:00

CF Vatterott owns a lot of property in the West End near there, but it's scattered sites and they have owned it since the early 2000s. They have been slowly developing the lots for single-family homes. They're also not actively buying more property.

STLrainbow · PostMar 28, 2018#112018-03-28T16:57+00:00

MattnSTL wrote: ↑
Mar 27, 2018

STLrainbow wrote: ↑
Mar 27, 2018
do you know if there's a pretty solid understanding of how many apartment units will be coming off the 15 yr. period and could be turned market rate? Don't know if that will be a pressing issue in Central Corridor in the coming years or not.
I don't have a good idea. Someone probably does, and I could figure it out, but I don't have enough time....

thanks; the reason I asked is I saw KC was trying to get on top of the issue as they identified quite a few affordable downtown units are exposed for market-rate conversion in the next few years.

MattnSTL · PostMar 28, 2018#122018-03-28T17:32+00:00

We're getting off topic a little, but I could see that happening with some of the downtown LIHTC projects done by for-profit developers in the early 2000s, like the Merchandise Mart, Paul Brown, etc. Shall be interesting to watch where those go.

quincunx · PostMar 30, 2018#132018-03-30T23:25+00:00

6029 Clemens is getting a $225k addition and renovation.

STLrainbow · PostMar 30, 2018#142018-03-30T23:34+00:00

framer · PostMar 31, 2018#152018-03-31T04:07+00:00

West End, Dutchtown to get aid from community development philanthropy:

http://www.stltoday.com/business/local/ ... 1043f.html

Iwassleep · PostJul 08, 2018#162018-07-08T06:26+00:00

To a correct a statement made earlier about ownership of various lots with in West End Estates....Some were owned by West End LLC.

Who are they and why are the only developers within the West End.(West End LLC/Delmar Properties LLC) I also know about Vatterot,RHDCA/Rise and Design Alliance all played a role in creating what we are seeing now! A quite housing boom!!

I find this to be very interesting to say the least!

quincunx · PostJul 08, 2018#172018-07-08T14:42+00:00

By no means exhuastive or precise, but a look at the tax records reveals

There's WEST END LLC C/O CF VATTEROTT COMPANIES
10449 ST CHARLES ROCK RD ST LOUIS, MO 63074
They have 24 properties

Then there's WESTEND CATES LLC 6014 DELMAR BLVD - That's Design Alliance They have a few other LLC's that own all together 24 parcels

The Jaffes (MAPLE ACRES DEV CO LLC) own a lot of parcels.

PEOPLES HEALTH CENTERS INC own empty lots. And wasted a lot of land on 5600 Cates, imho.

BUILDING INVESTMENT GROUP LLC 6614 CLAYTON RD #376 Owns a bunch of parcels. The Cabanne Townhomes and a couple on Hamilton and Maple

Two properties that always bothered me are the two in the backyard of 5900 W Cabanne. They're owned by someone in Texas and are quite ugly. I always preach land productivity, but here it just looks like a mistake.

Not in the neighborhood, but curios is EPSTEIN FAMILY LP BALLWIN MO
owns 23 parcels on MLK

Iwassleep · PostJul 09, 2018#182018-07-09T21:58+00:00

Thank you for sharing such!!

I stand corrected!!

quincunx · PostAug 08, 2018#192018-08-08T01:50+00:00

Something afoot at the long boarded-up building at 5882 Cabanne near Hamilton.

LRA Building 07/20/2018 36 UNITS $2,000,000.00 INTERIOR & EXERIOR ALTEATIONS PER PLANS

MattnSTL · PostAug 08, 2018#202018-08-08T14:02+00:00

quincunx wrote: ↑
Aug 08, 2018
Something afoot at the long boarded-up building at 5882 Cabanne near Hamilton.

LRA Building 07/20/2018 36 UNITS $2,000,000.00 INTERIOR & EXERIOR ALTEATIONS PER PLANS

They're still a ways off from closing on the financing, but they wanted to get the reviews started now. The plans look good. This is also coupled with three other nearby buildings that will receive lighter renovations. 5882-96 Cabanne will be 100% affordable to 80% AMI. The rest will be a mix of affordable and market-rate.

quincunx · PostNov 04, 2018#212018-11-04T16:25+00:00

STL Fire Dept fought a fire near Goodfellow and Maple last night. Anyone know which building it was?

stlien · PostNov 05, 2018#222018-11-05T02:03+00:00

MattnSTL wrote: ↑
Aug 08, 2018

quincunx wrote: ↑
Aug 08, 2018
Something afoot at the long boarded-up building at 5882 Cabanne near Hamilton.

LRA Building 07/20/2018 36 UNITS $2,000,000.00 INTERIOR & EXERIOR ALTEATIONS PER PLANS
They're still a ways off from closing on the financing, but they wanted to get the reviews started now. The plans look good. This is also coupled with three other nearby buildings that will receive lighter renovations. 5882-96 Cabanne will be 100% affordable to 80% AMI. The rest will be a mix of affordable and market-rate.

Who is the developer?

Trololzilla · PostNov 05, 2018#232018-11-05T05:19+00:00

quincunx wrote: ↑
Nov 04, 2018
STL Fire Dept fought a fire near Goodfellow and Maple last night. Anyone know which building it was?

This house on Thornby Pl.:

MattnSTL · PostNov 05, 2018#242018-11-05T15:35+00:00

stlien wrote: ↑
Nov 05, 2018

MattnSTL wrote: ↑
Aug 08, 2018

quincunx wrote: ↑
Aug 08, 2018
Something afoot at the long boarded-up building at 5882 Cabanne near Hamilton.

LRA Building 07/20/2018 36 UNITS $2,000,000.00 INTERIOR & EXERIOR ALTEATIONS PER PLANS
They're still a ways off from closing on the financing, but they wanted to get the reviews started now. The plans look good. This is also coupled with three other nearby buildings that will receive lighter renovations. 5882-96 Cabanne will be 100% affordable to 80% AMI. The rest will be a mix of affordable and market-rate.
Who is the developer?

Delmar Properties.

quincunx · PostJan 22, 2020#252020-01-22T00:45+00:00

Someone is looking to do a $324k rehab of 5258 Maple