More Mixed-Use Coming to Soulard

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The city’s Preservation Board on November 27 will consider more mixed use residential within the Soulard Historic District. Proposed is a $4.1 million, three story structure at 1001-03 Russell on the north side of the block between 9th and Menard. The lot was purchased for $410,000 in April and currently is vacant. Twenty-one apartments will rise above first floor retail. An equal number of off-street parking spaces will be accessed from the alley.

Ebersoldt + Associates is the architect. Simpson-Closser is the developer. King Realty Advisors is serving as commercial real estate broker and development consultant. The Board of Aldermen has awarded the project 90% tax abatement for ten years. The developer is asking $21/square foot for the retail space. Monthly residential rents are expected to range between $1500 and $1700.

Soulard is experiencing a wave of multi-family residential construction. Just three blocks to the west a 126 unit apartment building designed by Trivers Associates in under construction at the corner of Russell and Gravois. Five blocks to the south, Whistler One LLC already has completed site clearance for a planned five story 122-unit apartment building at the site of the former Victor Iron Works. A total of 275 new apartments are therefore planned or under construction in these three Soulard projects. The city neighborhood is one of the few to experience significant population growth in the last census. Between 2000 and 2010, Soulard’s population rose 7.9% from 3,187 to 3,440.

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  • brickhugger

    Interesting side note; there are a handful of lots remaining on Russell between broadway and grand that, if (when?) developed properly, would ‘complete’ that stretch as a fully (and appropriately) developed streetscape. The biggest gap being the intersection of Jefferson and Russell.

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  • WikiWild

    Nice project. They have tons of dirt to move as the elevation changes pretty significantly on that parcel as it sits today.

    • brickhugger

      it’s not that bad; certainly not as steep as the house next door (which is supposedly haunted, and looks it).

  • Rusty

    Where are the Nimbys? Somebody call Phyllis, where am I gonna park my car?!?

    • Jason Fossella

      She’s been gone for years, you need to update your references.

      • Rusty

        Did she move to Kirkwood or something? Last I heard she was still trying to scuttle some of the big apt developments down there

  • John

    Positive: Building looks good.

    Negative: Not thrilled about the welfare handout tax abatement for the developer, but it seems to be the “excuse” to get development in St. Louis City. Meanwhile, the owners garner big ca$h profit from sky-high rental fees.

    Rinse, repeat at taxpayers’ expense.

    • STLrainbow

      Yeah, nabes like Soulard and CWE really shouldn’t be offering 95% abatements these days absent unusual factors, especially if there is no affordable housing component as part of the project. KC has pretty much cut things down to 50% for the hotter areas and a number of projects near the streetcar line are proceeding with no subsidy.

  • Imran

    Nicely done for a somewhat faux-granular building. The sidewalk will be very active. Just look at that absence of curb cuts. *fawn*

  • Adam

    bad. ass.

  • Eddie in NorCal

    Kudos to Ebersoldt + Associates for an excellent design. The architectural elements they have included — the cornice, linear band below the cornice, stone/cement cills and the recessed storefront entrance with corner column — recall much of the early 20th century construction of similar buildings throughout south St. Louis. Hope the Preservation Board approves on the 1st pass, that kind of effort from the developer deserves to be rewarded. Is the alley really composed of brick or pavers, as the rendering suggests?

    • Jason Fossella

      The alley on the side is brick, as shown in the image. The alley in the back is paved.