Friday Live Chat

Tweet about this on TwitterShare on Facebook0Share on Reddit0Print this pageEmail this to someone

live chat

It’s back, the Friday Live Chat. You know what to do – just use the comments section below. We’re open from 2-3pm today:

Tweet about this on TwitterShare on Facebook0Share on Reddit0Print this pageEmail this to someone
  • STLrainbow

    Any idea of plans for the long vacant MCM 505 Washington, which was recently purchased by a developer (P&F) that has done a couple small rehab projects downtown? That’s a neat building and highly visible corner.

    • Alex Ihnen

      Got nothing on this one. I do love the building though!

      • STLrainbow

        I heard a rumor once of nextSTL World Headquarters but I’m dubious.

  • STLrainbow

    Any thoughts on whether any of the state candidates or issues on the November 8th ballot will have a particular impact — good or bad — on urban affairs?

    • Alex Ihnen

      To be honest, not really. I haven’t looked into all that much regarding urban policy. I don’t know how effect an true urban agenda can be in Jefferson City, whether there’s even an urban agenda to be found.

      • STLrainbow

        Yeah, it seems like there isn’t any fundamental pro-urbanism change in the air but I’d like to look at things like how the gov. candidates view existing tax credits and incentives, for example historic tax credits and support for MTC tech funding, and views on transportation funding, etc… not really sure if any of the two plan to rock the boat much or not.

        • Alex Ihnen

          Any urban policy (for better or worse) is going to have to come at the local level. Policies such as not allowing aldermen to opt out of preservation review, etc. can and should be done in the city, for example. Other organizations/institutions such as Bi-State/Metro, Great Rivers Greenway, even down to WUSTL, Cortex, Downtown STL, Inc., and others can push a successful urban agenda without the state.

          • jkf1220

            Perhaps the best thing for a statewide urban policy would be to elect mayors in STL and KC who are fully committed to urban policy and will work actively push the aforementioned organizations but also metro area legislators to join with them. To have majority of population and generate majority of income, jobs etc. and have so little influence in the state is unacceptable.

    • rgbose

      I think we need transportation policy reform before giving the state more tramspo money. A cig tax for roads is just weird and I think is a way to ward off a bigger cig tax increase.

      • STLrainbow

        definitely not voting for cig taxes for roads amendment.

  • Jim Arsenault

    Once the Centene project gets started, do you anticipate Wash. U utilizing west campus and their adjacent land to take advantage of the added density?

    • Alex Ihnen

      West Campus (I once worked there) is packed with activity – though it may not appear so on the outside. My guess is ~400 employees are there. Still, the garage across Jackson is never full, the surface lot is never full, the Bally Fitness has been empty for years, the garage storefronts aren’t exactly active…

      In short, I’d put my money on WUSTL selling all their holdings, but it’s a close call. They’re not exactly known for selling land, and it’s connected to their other campuses via MetroLink, so maybe not? Anyway, it’s vastly underutilized and if the sale price of land across the street is any indicator, perhaps it’s a sellers market.

  • Frank Absher

    You recently broke the story of tuckpointing being done on the Missouri Belting Building. Admittedly my first thought was that SLU could claim that there was worry of falling bricks, but there’s been no excuse from them. Any indications of what’s going on?

    On a related note, I would love to see Pevely and Missouri Belting repurposed, but SLU has had a tendency in the past to clear cut, build and landscape in the name of aesthetics. With the trial balloon of a soccer stadium across Chouteau floated this week, I’d like to know what you’re hearing.

    • Alex Ihnen

      I’m hearing nothing from SLU, but I’ll keep trying… No permits are on file for the Missouri Belting building and so it could have been a trial run. Some of the window coverings have been pulled back as well – optimistic guess is to been at condition of historic windows. I’ve heard nothing more about demo plans. If this were a predictive market, I’d go with 40/60 repurpose/demo odds. That’s the best it’s been in years.

  • Alex Ihnen

    Sheesh – leave he door unlocked on the comments and everyone just barges in! (Welcome.)

  • Will M

    how do you think adjacent developments in near cortex will affect its development? will Koman and Foundry influence a competing market that is harmful or is there enough demand to fuel a cooperative development plan?

    Going off that, do you think developments adjacent to BPV will have a similar effect on BPVs development? (Im thinking specifically about Cupples X and the lots directly south of TUMS)

    • Alex Ihnen

      Developments surrounding Cortex are a big positive for its development. It’s always been understood (if not fully appreciated) that success of Cortex depended on multiple developers, multiple visions. Each development (Koman, Green Street, Lawrence Group, and more) are a piece of the puzzle and will add variety to the area. Each also has a distinct pitch – though they could certainly overlap. For BPV, who knows? An adjacent residential tower could certainly dampen demand for one across the street, same for office, I suppose. Have heard for more than a year that the next phase of BPV is set to be announced.

  • Riggle

    Any word on the large scale Soulard apartment projects that are in the works?

  • Michael B

    Any update on the Shalom house? I bike by there every day and have noticed that they have stopped gutting.

    I’ve also noticed that the Crescent Tools building on Duncan Ave has been taped off. With Cortex 3.0 announced, I’m surprised that this building isn’t in the mix as a residential conversion. Is the tape because the building is falling apart? Or are there plans for that building?

    • Alex Ihnen

      Nothing to share on Shalom House – hoping to have more soon. The building on Duncan is owned by WUSTL and has been pitched to more than one potential user, and considered for residential conversion. It won’t be demo’d, I’m almost certain, but no new use has been found yet.

      • Michael B

        I’m relieved to hear that it won’t be demo’d. That was my biggest concern.

        • Alex Ihnen

          Well, there’s no demo review within Cortex, but I do believe the building is safe.

  • Nick

    You mentioned the other day on UrbanSTL that a major expansion could be coming. Is this related to the Cupples X development or should we expect another announcement?

    • Alex Ihnen

      Got a link? Perhaps related to business lined up for Cuppples X.

      • MRNHS

        Perhaps Nick is referring to your answer to my question last week in the chat. I asked if there was any chatter regarding relocations to downtown and you said you knew of one that was close (with an expansion). Is the Cupples X the only expansion you are aware of or is another company looking at (re)locating downtown?

        • Alex Ihnen

          I was referring to Cupples X.

        • Nick

          Yep, that’s what I meant. My mistake

  • stlnative

    Heard anything about the Mercantile Exchange building at 510 Locust St? That entire road is closed for what i’m assuming is below street utility work, but I also noticed there’s quite a bit of commotion going on inside the actual building. Trucks going in and out on the ground floor and opened up a bit on the floor above.

    • Alex Ihnen

      It’s owned by Brian Hayden. He’s done some interesting apartment conversions in downtown – namely interesting is that they haven’t been subsidized with tax credits. I believe a large part of the Mercantile building is being converted to parking – but I don’t have the numbers.

      Laclede Gas Building: https://nextstl.com/2014/09/hayden-buys-laclede-gas-building-720-olive/

      The Alverne: https://nextstl.com/2016/08/alverne-finds-salvation-gallery-1014-apartments/

      • STLrainbow

        Work is underway on the interior parking ramps that will serve the upcoming residential .. the plan I believe is to have parking basically at your front door. And some first floor retail iirc.

      • jkf1220

        My understanding is that Brian Hayden has purchase all of the building in that block with the exception of the LaSalle Building (which is planned as a boutique hotel) and the Millenium Building which he already converted to apartments. He plans to covert these buildings into apartments which will include parking on the floor of your apartment.