A new proposal for 5612 Waterman at Clara dubbed The Marigold in the DeBaliviere Place neighborhood goes before the Preservation Board Monday. 4th Street Partners‘s Chris Stritzel of CityScene STL fame is shepherding the project through the entitlement process (getting all the approvals in order), and then plans to hand it off to a developer to build. The architect is Duncan Architecture based in St. Louis.
The 4 story building consists of 54 apartments (31 studios 523 sf, and 23 1 Bd 604 sf) with 55 parking spaces underneath accessed via a curb cut on Waterman, meeting the city’s mandate of 1 space per unit. Parking will be included in the rent so car-free tenants will subsidize those with them negatively impacting affordability. There will be indoor bike parking. Waterman-facing apartments will have balconies. There are no amenities typical of most apartment proposals we’ve seen of late. There is a membership pool on the block to the west. Rent will be market-rate. They will not be seeking property tax abatement.
CRO Staff Recommendation:
That the Preservation Board grant preliminary approval to the new construction with the stipulation that the design of the parapet be reconsidered, reducing the number and height of projections; and that final plans, details and exterior materials be reviewed and approved by the Cultural Resources Office.
Some neighbors opposed the previous plan floated earlier this year. This proposal is shorter, less dense, has more parking, meets setback regulations, has one curb cut, and brick colors more inline with nearby buildings.
It sounds like this has a good chance of happening. DeBaliviere Place has few low-productivity parcels left. The neighborhood has experienced remarkable change since the efforts of Leon Strauss’ Pantheon in the 1980s began.