Everly in the Loop Photo Tour

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Move-ins commenced August 15 at the Everly in the Loop, a partnership between Clayco, CRG, and Koman Group, while workers put the finishing touches on the 14-story apartment building. It’ beings marketed to students, being leased by the bedroom, each with its own bathroom, and amenities and services geared towards them. Background

The apartments, with a total of 428 bedrooms, are 80% leased. The building meets the government-mandated one space per dwelling unit regulation. So far lessees have brought about 85 cars. There are also 100 spaces for bicycles. Unfortunately I couldn’t get a picture of them.

The sidewalk is open. Hope trees are coming soon.

Lobby

The mail room features automated package storage. A recipient will receive a text/email whenever a package arrives.

There are four study rooms.

Lounge

Gym

Video screen.

The pool is 8″ deep.

Kitchen

Living room

Bedroom

Bathroom

Garage

They are in talks with someone on leasing the entire commercial space.

Glazed Brick.

Marketing flyer

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  • HighLiving&Broke

    “Still, the units [at the Everly] are significantly more pricey than anything else in the area: A studio will put you back $1,475 a month.”

    ‘Some students weren’t interested. “I just thought it was ridiculous how expensive it was,” ‘

    ‘“It was insulting that they thought that college students would easily spend that much money superfluously. All those luxuries seemed unnecessary. Also, the constant pandering to students became really annoying.”’

    A 1-year lease is $17,700. For 4 years a student needs to be housed while attending, say Wash U., assuming rent is the same $1475, which is the best scenario, that will cost a student $70,800 for housing at the Everly. Why not find a nearby house to rent out and split rent across 4 roommates? Live cheap and save.

    • SaveYourMoney
      • PublicMoney

        I found this to be interesting that I wanted to share.

        Excerpt from the RFT article:

        “The Everly is getting a break on all that. Move-in day at the Everly marks the beginning of a sixteen-year, $12.8 million tax abatement from the city. Mayor Lyda Krewson helped secure these incentives for the developers when she was alderwoman.

        “It was galling to see [the Everly] open on the first week of school at SLPS,” says Kathleen Carson, a SLPS parent. “We’ve allowed our tax dollars, 60 percent of which would have gone to the school district, to be used to pay for private perks, while school teachers are paying out of their own pockets to make sure their students have basic supplies and working second jobs to make ends meet.”

        Had the Everly been built without tax abatement, around $7 million from property taxes would go to St. Louis public schools over that sixteen-year period. That has left a bad taste in some parents’ mouths, a taste that has been lingering for a while now. In 2013 historian George Lipsitz wrote, “Despite extravagant claims that tax abatements and other subsidies would increase the general wealth of cities, the St. Louis case shows clearly that subsidies… do not ‘trickle down’ to the majority of the population, but instead function largely as a means for transferring wealth and resources from the poor and the middle class to the rich.”

        The Everly’s tax abatement package does not require the developers to meet any affordable housing commitments. Tia Byrd, a steering committee member of St. Louis Equal Housing and Community Reinvestment Council, says with rents increasing while wages are stagnating, the city needs to invest in its growing population of residents living paycheck-to-paycheck. She underscores that city and its residents would benefit from a prioritization of affordable units, rather than luxury units for affluent residents. “

    • jhoff1257

      I bet plenty of students are renting out nearby homes. For those that can afford this and want it, then let them have it. Not everyone wants to live with 3 or 4 other people. It’s not really for us to judge.

    • rgbose

      Then don’t live there. Newsflash: some kids grow up in privilege. WashU students are already living in expensive buildings like the Dorchester.
      BTW some neighbors have their pitchforks out over students renting houses. It’s illegal to occupy a dwelling unit with more than 4 unrelated people.

  • tpekren

    Richard, thanks for keeping NextStl alive at the moment.

    • jhoff1257

      Seriously. I know there is a bit of a transition right now, but if things don’t pick up soon, I’d really like the $100 bucks I donated to that Kickstarter back.

      • tpekren

        Seriously, why did you reply to me when you gave your money to Nextstl? But hey, give me a $100 bucks and I will be glad to accept whatever replies you want to send my way.

        • jhoff1257

          I don’t know what the hell you’re talking about. My use of the word seriously was in agreement with you about Richard keeping nextSTL alive, since he seems to be the one doing most of the posting these days. The rest was just a general observation about what’s happened to the site. Try not to take it so personally.

          • tpekren

            Sorry Jhoff1257, thought you were slamming me or questioning me on why I was thanking RG when your started it out the reply with the word seriously followed by the kickstarter donation. I was a bit confused so went with what i thought at the moment..

  • MRNHS

    The pool is really only 8 inches deep? Or is this a typo?

    • rgbose

      Yes, it is that shallow.

  • Framer

    Looks like the windows are at least partially operable?

  • Nick

    this looks waaaaaay nicer than anywhere I lived in college

    • Adam

      same. the kiddos these days need their rooftop pools, grills, and movie screens or else they get depressed and can’t function ’cause life.

      • tpekren

        Agree. Parents don’t help matters either in facilitating it. My first three years were in no frill dorm with a cafeteria plan paid mostly with my summer earnings.. I considered myself fortunate enough in not having to work during the school year & therefore buried myself in classes
        ..
        Step daughter in a cheap no frill studio apartment in older no frill CWE apartment at the moment. Her Dad and I help her with community college and a roof over her head (thus cheap studio) & she has to pass classes as well as work enough to feed herself and keep the lights on. She still gets a pretty good deal.

        • Adam

          Sure. And I had help from my parents too. Just not luxury help. The place I lived during my senior year in Kirksville… in retrospect it probably should have been condemned. But I was happy!

        • jhoff1257

          And I bet for every one of these “kiddos” living in this building, there are 20 other kids that have to make do just as you and Adam did when you were that age. This is the exception, not the norm.

          • Adam

            i think it’s becoming more norm and less exception, though. look at the contortions that schools are going through to upgrade their dorms. take WUSTL’s South 40, for example. college kids expect “luxury living” much more now than they did 20 years ago.