Koman Group Proposes $31M Mixed-Use Development for 32-40 N. Euclid

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34 N Euclid proposal - St. Louis, MO

A proposal by The Koman Group would bring another mixed-use building to the burgeoning Euclid Avenue corridor in the city’s Central West End. The project would include office, retail, and apartments on the narrow 0.4-acre site currently occupied by a single-story retail strip and surface parking lot.

The $31M mixed-use building would include underground parking accessed via the existing alley, and accommodate up to 50 cars on two levels. Additional parking may be leased from the 9 North garage across Euclid. The project would include improvements to the public realm adhering to the Euclid streetscape master plan.

According to the proposal, the project is seeking $4.5M in tax increment financing (TIF). Planned are up to 60 apartments, 11K sf of retail, and 10K sf of office space. While dry-cleaner Tip Top Cleaners remains open, other retail spaces have been vacated in recent weeks. Koman would reportedly move its office from downtown St. Louis to the new Trivers designed 32-40 N. Euclid.

32-40 N. Euclid - St. Louis, MO

Koman recent purchased the site and would anticipate starting construction in February 2016, with completion set for spring-summer 2017. The project will be reviewed by the Park Central Development Corporation at its upcoming August meeting.

Along with 177 apartments and a Whole Foods grocer at The Orion by Mills Properties across West Pine Boulevard, the N. Euclid project would help redefine an underdeveloped corner of the city’s most vibrant neighborhood. The 12-story, 217-unit Opus Development project at Lindell Boulevard and Euclid sits just one block to the north.

In August 2013, nextSTL was first to report the Philip Johnson designed 700 Market would be renovated as the new headquarters of Laclede Gas. That Koman project was just the firm’s first high-profile move in the city. In February 2014 we reported on Koman’s move to sell it’s City Place assets, and in June 2014, we first reported that Koman is managing pre-construction planning at the high-profile lot at Lindell and Kingshighway.

The moves all point to a new urban focus for the company which has long been known for its suburban Creve Coeur project. With several marquee developments now completed, or in the works, Koman is reportedly just getting started. Other Central West End sites are said to be under consideration for redevelopment.

32-40 N. Euclid - St. Louis, MO

32-40 N. Euclid - St. Louis, MO

32-40 N. Euclid - St. Louis, MO

34 N. Euclid - St. Louis, MO

34 N. Euclid - St. Louis, MO

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  • STLEnginerd

    New rendering is much better. Would like it better with different color brick. Maybe all white, or a color. Something to make it a little less bland. Other than that no criticism. Great new project.

    • Adam

      I would love to see some baker’s brick on this thing—or ANY new construction for that matter.

      • STLEnginerd

        So I tried to lookup what bakers brick is and as best I can tell it’s just brick. No texture or color difference I could understand. So what is bakers brick?

        • Adam

          i’ve always thought the term referred to glazed bricks. can’t remember when i first heard it, but i’ve been calling it that (perhaps incorrectly) for years.

          5975618286_b1826a6d77_z.jpg

          • Adam

            post image take two:

  • Tim E

    I believe Post Dispatch business section is reporting that Koman is tackling two projects in CWE. Including a rehab of the optimist building.

    • John R

      With the Optimists apparently moving elsewhere (move downtown, Optimists!) I wonder if that project has other office tenants lined up or of it will be spec.

  • MRNHS

    It was only a matter of time. This, along with Tom’s Bar (and parking lot) are arguably the most attractive parcels for development in the CWE. I’m nit-picking here, but I was expecting something taller, given the long, narrow lot. Perhaps if leasing goes exceptionally well at the two developments to the north, we could see a taller building. But this this amazing news!

  • Tim E

    To me it is Interesting that Koman is behind it. I understand that they signed on with Clayco to develop Koplar’s prime real estate at Lindell/Kingshighway. Nice to see Koman get engaged in the area in a couple different projects/proposals. They seem to say what their going to build and then go do it.. At least that is my impression.

  • Presbyterian

    What a great project! This is exactly the kind of mid-rise, mixed-use development we need.

    I’ll take a hundred more just like this one!

  • imran

    From Stltoday

    “60 to 70 apartments on the four upper floors and two levels of underground parking”

  • Terry

    Not the 34 Club!!

    • raccoozie

      Haha. I would have to imagine they wouldn’t be a welcome tenant in the new retail space either. Guess we’ll have to go to Rosie’s instead.

      • Terry

        I talked to an employee on FB. I asked if it was a done deal and he said not yet but when it is they’re going to relocate.

    • Glenn Scrivner

      Interesting they’re taking “34 North” as their name

      • Alex Ihnen

        I imagine “34 North” won’t be the project’s final name. These things change and change again. Across the street, the Mill’s project was labeled as “City Walk” for a couple years. A banner just hung on the site shows the name as “The Orion”.

  • imran

    Can’t find anything wrong with it. Looks sharp, has a modern vibe, retains retail and adds residential etc etc. Hopefully below-grade parking.

  • Thomas R Shrout Jr

    It’s about a five minute walk to MetroLink. Nice project. I will be interested in learning what the parking ratios are.

  • Benjamin Aronov

    Should be happy but I love the look of that dry cleaner, even if the service is lacking. Would be really nice to see this on the surface lot catty corner on West Pine. I’m sure Koman could add some subterranean parking to please the current owners, I know that safety is an issue at the current lot and adding more eyeballs should help.

    • STLEnginerd

      I agree. I wish they would have proposed something for the MacArthur Memorial Building (Boy Scouts). Instead. I like the look of the low storefronts and the MacArthur building looks out of place with its large setback. I’d hate to see all the character on this street demoed.

      I realize developers want to capitalize on all the activity but part of why it’s active is its charm…

      • Alex Ihnen

        There’s plenty of interest in the Boy Scouts building, but my understanding is that they’ve decided to stay at that location for the time being.