Anything new in this one? I didn't see it on the front page.
Luxury Condos Push St. Louis Riverfront Redevelopment
December 09, 2005
By Amanda Metcalf, Managing Editor
In partnership with Pinnacle Entertainment Inc., Rodgers Group Development plans to develop a 10-story, 49-unit condominium complex in St. Louis. Located at Laclede's Landing, the development, named Port St. Louis, will overlook the Mississippi River, the Gateway Arch and downtown St. Louis.
The $25 million project represents half of the development investments to which Pinnacle committed in an agreement with the city of St. Louis. Pinnacle agreed to invest a total of $50 million within five years of breaking ground on a nearby hotel-casino complex. Pinnacle CFO Steve Capp told CPN that the two projects will complement each other and the Gateway Arch stylistically, as well as benefit each other. "If you think of the concept of redevelopment in a downtown area, there's a mutual dependence," he said. "Residential, retail and mixed use work together to drive traffic, interest and convenience."
What's more, "We can participate in the upside of the regeneration of some of these areas," Capp said. Though the size of the condominium structure pales alongside Pinnacle's 18-acre plot of land and the $400 million casino-hotel complex going up there, Pinnacle also wants to serve the "latent demand of this kind of (luxury) living in downtown St. Louis," he added. "For us, this is a very important milestone investment in the continuing resurgence of downtown. This is the right scale to get going in St. Louis."
The scale allows Pinnacle and Rodgers Group to maintain exclusivity and introduce luxury, with water views on one side and city views on the other. Rodgers Group Development held an option on the land where the condominiums are going up. The partnership, Capp pointed out, is equal financially and operationally.
Yes, a better rendering.
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IS the bottle district on hold? It is listed as approved by emporis.
__________________ America's Tallest UC Nordstrom Tower, NY 1,550 ft UC 111 West 57 St, NY 1,431 ft UC One Vanderbilt, NY 1,401 ft UC 30 Hudson Yards, NY 1,296 ft UC Vista Tower, Chicago 1,1199 ft UC 45 Broad St, New York 1,115 ft UC 9 DeKalb Ave, New York 1,066 ft 53W53, New York 1,050 ft UC
It is approved. They're already taking down the warhouses at the site. The actual construction starts in March. They're retouching the designs, and I assume making it more urban friendly. The first renderings showed it closed to traffic, but the most recent ones show it open to it. The towers are also expected to be taller.
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St Louis's latest downtown high rise rendering, Robert's Tower at Mayfair Plaza. Groundbreaking is this month, the 22nd of February. The building will be residential.
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Yet another bottle district rendering. I think they're doing this to confuse us.
I checked www.thebottledistrict.com this morning and the last rendering Xing showed is looking like the new direction. I really thought the original curved glass structures looked cool, but not entirely mid-west St. Louis. The new renderings are tough to get a feel for as they are a bit too pencily-gritty-moody. I think the massing looks pretty good with some nice details and it will definitely be nice to extend downtown around the Edward Jones Dome. Hopefully they release more renderings of what is actually going up before they start in March.
^I missed that one. It does say some stuff about name and design change. Gateway Village sounds more like a retirement community. The Bottle District name is only being applied to the dining and entertainment area within. Clayco must think Gateway Village markets better than Bottle District, but it sounds so lame and could-be-anywhere to me.
I'm impressed by the size and speed of St. Louis' turnaround. It seems like just last year I was reading Neil Pierce's critique as an outsider and wondering if St. Louis would ever rise again.
My other comment: What astonishingly great deals for those condos! For the price of my 607 sf in Seattle, I could get 1,500 sf. Not gonna happen, but it's tempting.
Actually I'm surprised projects pencil out at those rates.
If you have enough for a down payment, for dog's sake buy a condo. I bet the values will rise heavily as the mass market discovers DTSL. Nothing like getting in while the bet is safe but most people don't know it yet.
Population of St. Louis scores third straight year of growth
Associated Press
ST. LOUIS - After more than five decades of declining population, the city of St. Louis saw growth for the third straight year in 2005.
Mayor Francis Slay announced Friday that the U.S. Census Bureau's population estimate for July 1, 2005, is 352,572. That is up about 1,800 people from the previous year.
The original Census projection for 2005 was lower, but the city successfully challenged it.
For the third straight year, the Census Bureau accepted the city's numbers, Slay said.
It's easy to understand why the city is advertising the good news. For 50 years, the city had an annual average loss of 10,000 residents.
"There's new energy in the city of St. Louis, and people are starting to recognize what we offer in the city -- architecture, diversity of culture and people, entertainment and cultural attractions, tight-knit neighborhoods," Slay said.
He said the city has done a better job of processing building permits. Most are granted the same day they are sought. Slay said 20,000 new or rehabilitated homes have been brought onstream in the last five years.
"The building boom in neighborhoods shows no sign of slowing down," he said.
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What ever happened with the Bottle District??? Did phase one ever start? Including the 395 ft tower that is part of phase 1???
__________________ America's Tallest UC Nordstrom Tower, NY 1,550 ft UC 111 West 57 St, NY 1,431 ft UC One Vanderbilt, NY 1,401 ft UC 30 Hudson Yards, NY 1,296 ft UC Vista Tower, Chicago 1,1199 ft UC 45 Broad St, New York 1,115 ft UC 9 DeKalb Ave, New York 1,066 ft 53W53, New York 1,050 ft UC
seems like a dead thread
anyway does anyone have any information on the st. louis center down tower i heard pyramaid group will take over it and build it up with shops and residental and also the bridges are suppose to come down
anyone has anymore information?
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"Gateway Village"? that name is horrible, some images of fake tropical shelter selling cheap t-shirt to tourist come into mind.....
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