Presentation by McEagle Properties on New Opportunities for NorthSide Saint Louis

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Presentation by McEagle Properties on New Opportunities for NorthSide Saint Louis by nextSTL

This presentation, given to the City of St. Louis TIF Commission this morning depicts updated plans for the NorthSide project, including the Pruitt-Igoe site, landing of the new Mississippi River Bridge and 21st Street Interchange. The slideshow includes a map depicting demo and rehab properties, the later coming without existing national historic districts. 

Click here to read more NorthSide coverage by nextSTL

 

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  • Is anyone else a bit irked that Phase One of the Northside Regeneration (a 14-year phase) has nothing to do whatsoever with the City’s north side?

  • Photograph #7 is my own photograph of a building on Lafayette Avenue in McRee Town being demolished by the Garden District Commission in 2004. Strange that it ended up here.

    • Stlplanr

      Well, if SLDC already let MoBot get away with slash-and-burn urbanism, why not McKee?

  • Dan Levin

    I really don’t care about anything past Phases A & B, which are proposed to start, well, 4 years ago, and finish in effectively 10 years. These two concurrent phases propose a combined 3,000,000 gsf of office and another 550,000 of retail. REALLY? The current office vacancy rate in St. Louis is somewhere between 12-18% – lets assume its at 15%. Trends for office take up is for less space going forward, as more companies need less space for the same number of staff (electronic filing, etc). Spaces are going for $14 a foot. Even with TIF – who would move there? Does he have massive credit tenants looking for that much space? The residential and retail numbers are fine – probably a little high on the retail given the number of housing units – that could be bumped up – but those office projections scare me. Unless the federal government is establishing a national medicare campus there or something, who will absorb that space?

    • dredger

      Good points, I really think the prime commercial office space location is the 22nd street interchange, phase A. Even then, like you said, it is going to take a major tenant. I think the Northside Plan and the region have a good chance to land a major back office move in the financial world. St. Louis has a very strong Finance/IT presence from Stifel & Nichols, to Edward Jones to Wells Fargo Securities.
      .
      I really think less office space and more residential/mixed use is the future for anything alon the Tucker Ave corridor. LIke you said, at 17% and dirt cheap rents point to the fact that office demand is anemic at best in the region. Also, I would love to see new open air football stadium on riverfront between new bridge and Lacledes Landing. My guess is that McKee is speculating on a pay day to sell Stan K the bottleworks propertry for a new stadium next to existing Dome. I hope not. This area could explode for some great mixed use development if the stadium goes along the riverfront and raised section of I-70 would come down.

  • Will Fru

    Favorites:

    #7: “look how bad this house is?” I wonder how long NorthMcBlairEagleMontSide has owned that house.
    #12: “Principals”
    #22: WHAT. Is this map a serious proposal for transit development?