Monday, November 10, 2014

Don't Forget the Downtown Neighborhood Association! Tonight at 6pm -- Central Library!


Downtown Neighborhood Association Meets Again!

As a city Realtor, the one thing I've noticed about neighborhoods is that the quality of life is proportional to the quality of its neighborhood association.   Neighbors that care show up.   There's strength in numbers (sometimes referred to as 'votes'), and there's strength in well organized associations.  

Currently the association is about as organized as I've ever seen it, which is a start.  Longevity and focus are also important, not so much for the individuals, but the objectives and goals of the organization. 

In downtown St. Louis, the goals have been consistent, but the effort behind organizing the neighborhood has been consistent.  Elected officials have had the ability to 'ride out the storm' and wait for the squeaky wheel to silence itself.  That has happened in the past, but clearly isn't the case now.  

Its great to see a current website  with minutes and agendas for each meeting.  

It would be EVEN BETTER to see a strong turnout and participation for tonights meeting!

6pm
Central Library



Tuesday, June 03, 2014

Adding Class(es) to Downtown

The Arcade Building Downtown has secured its needed ancor commercial tenant as Webster University has chosen to expand its presence downtown.  

The St Louis Business Journal reports that increasing classrooms, adding a cafe, an auditorium and more office space will be the anchor tenant, but declined to state how much of the commercial space will be used by the university.

The upside of this move is big for the city in that it will allow development of a historic gem to be completed and backed financially by a credible institution in St Louis.  Nice too that Webster will be increasing its activity downtown, despite not really knowing what extent that will be. Completion is scheduled for 2016.

My hopes are that the actual arcade within the first two floors will allow for additional commercial development and public use of those amenities.  That seems to be what the first two levels of the Arcade building is designed for, rather than a secured entry with more lower level offices and classrooms.  The remainder of the building is still going to be used for downtown apartments and artist lofts which will add to the density of the area, but retail establishments will be needed to attract tennants and fullfill the needs of downtown.   


Monday, March 31, 2014

Phenomenal Spaces Available in Downtown St Louis!!!


Getting ready to post the sales for the first Quarter of 2014 has me excited!  There were some fantastic lofts sold and a busy downtown market.  

These are some awesome listings that are available as of today!  The top one, PRINTER's 403  is a fantastic 2 bedroom 2 bath large space with a balcony and 2 parking spaces.  AT nearly 2100 sq ft, there's a great spot to add a 3rd BEDROOM if desired! We can't believe its still on the market!    

PRICED TO SELL AT $263,900!



Meridian Lofts Extra Large, Extra Luxury

This beauty was JUST LISTED by the Premier Team (it will be open as of 4/1/2014) and we're so excited for some lucky buyer!  

Originally built out as the developer's personal unit at the Meridian Lofts, this combination of 2 normal sized units into one huge corner space is exquisite!  

Top of the line appliances and phenomenal views of the loft district, this space is mind blowing!   On top of all the obvious features, the fact that each window was replaced with sound deadening windows.  

Phenomenal Experience at $519,900    

Wednesday, March 12, 2014


New Listing at the Syndicate

The Syndicate Condominiums are releasing the remaining developer held units for sale as the downtown market picks up.  We'll be holding this unit, and the other two developer close out penthouses open SATURDAY MARCH 15th from 1-3pm.  

 
 
 

Details on this unit and others at 
http://www.4SaleStLouis.com/downtown-homes/syndicate-condominiums/penthouse-1613/


Wednesday, January 01, 2014




2013 will be remembered as the year that the real estate market 
turned the corner towards a full recovery.   

 Downtown St. Louis was no exception.  

The residential markets have a positive backdrop from other sectors of the market, like the completion of SLU Law School, actual construction of Ballpark Village, and the CityArchRiver ground-breaking.  Finally seeing the change of hands of the portfolio of properties owned by the Roberts brothers also took a level of uncertainty out of the market.  

In the residential market, once again, sales volume was at a 5 year high with 116 lofts sold.  Unlike past years though, we experienced a new limiting factor on the number of sales:  lack of inventory.   Last year, there were 277 lofts on the market, this year there were 184.  Last year there were 158 rental transactions, this year there were 131.  All the above information is based solely on MLS sales.

1015 Dorsa #305 Sold Fast--'0' days on market in 2013!

In the fall, our National Association of Realtors economist described the "wait and see" effect of home seller's creating a lack of homes for buyers.  For all practical purposes, this 'wait and see' game has been going on since 2007, except that this year there are very few distressed sales and other bulk opportunities like we had at the Syndicate.

Pricing continues to trend upwards slowly, with the current average for all of Downtown and Downtown West being $113.55/ square foot.  That increase is only slight, but the average square footage of units sold was 116 square feet larger year over year, keeping the average level.  Pricing is still depressed from the peak of the downtown market, but for many loft owners, the option of selling is substantially more realistic today than it was a few years ago. 


Some encouraging points for 2014

  1. The same as last year, the number of condominiums probably won't be             increasing - creating more demand.  
  2. Opening of the 'Stan Span' north of Downtown will improve traffic flow in and out of downtown and will make better use of Tucker Boulevard.  In and of itself, just having the work done on Tucker will be a welcome relief both functionally and aesthetically.
  3. Due to a 60% reduction in the refinance market, banks are feeling pressure to find ways to make more loans.  The end result is likely to be more investors willing to take on non-warrantable condos and FHA re-implementing the 'spot approval' of condo buildings.  

Here are the Downtown St Louis Lofts sold in 2013:


       Address                                         Unit #      Beds / Baths   sq ft.        Sale Price

Blu City Spaces  210 N 17th Street


210 North 17th 201 1 2 828  $52,000
210 North 17th St 703 1 1  $50,000
210 North 17th 409 1 1  $25,000
210 North 17th St 1207 1 0 427  $27,600
210 North 17TH 705 1 1  $37,255
210 North 17th St 1112 1 1 780  $36,300
210 North 17th 412 1 1  $45,000


Knickerbocker Lofts  507 N 13th Street










507 North 13th 210 1 1 683  $53,000
507 North 13th 401 1 1 814  $55,000
507 North 13th 706 1 1 1035  $56,900
507 North 13th 309 2 2  $104,000
507 North 13th 308 1 1 1023  $57,000
507 North 13th 605 3 2  $50,100


Lofts at 2020 (Sporting News Lofts)  2020 Washington Avenue


2020 Washington 309 1 1 1154  $100,000
2020 Washington 509 1 1 1161  $97,000
2020 Washington 713 2 1 1300  $92,000
2020 Washington 703 1 1 975  $89,000
2020 Washington 305 1 1 1050  $103,000
2020 Washington 701 1 1 1007  $90,750
2020 Washington 604 2 2 1293  $165,927
2020 Washington 607 2 2 1198  $144,000
2020 Washington 104 1 1 1478  $85,000
2020 Washington 501 1 1 1007  $95,000
2020 Washington 602 1 1  $103,000
2020 Washington 811 2 2 1812  $250,000




Motor Lofts 2207 Washington Avenue 


2207 Washington 302 2 2 1356  $83,000


Westgate Lofts  410 N Jefferson Blvd. / 2323 Locust Street


2323 Locust 203 2 3 2438  $215,000
2323 Locust  202 2 3 2289  $189,900
2323
Locust 212 2 3 2421  $179,000
2323 Locust        600 2 2 2366  $380,000











Terra Cotta Lofts 1501 Locust Street


1501 Locust 1008 2 2 1732  $188,500
1501 Locust 1108 2 2 1732  $194,000
1501 Locust 803 1 1 1053  $83,000
1501 Locust  201 1 1 1002  $101,500
1501 Locust 805 2 2 1495  $195,000
1501 Locust 509 2 2 1557  $176,000

Ventana Lofts 1635 Washington Avenue

None (better luck in 2014!)


Railway Lofts 1619 Washington Avenue 


1619 Washington 905 3 2 2605  $280,000
1619 Washington 803 2 1 1470  $120,000
1619 Washington 304 2 2 1595  $223,500
1619 Washington 801 1 2 1321  $189,900

Kingbee Lofts 1709 Washington Avenue 


1709 Washington 300 2 2 3079  $175,000

Windows Lofts 1601 Washington Avenue 


1601 Washington 204 1 2 1221  $149,500
1601 Washington 302 1 1 760  $82,500

Meridian Lofts 1136 Washington Avenue 


1132 Washington Ave 506 2 2 1218  $187,000
1136 Washington Ave 501 2 2 1808  $200,000
1136 Washington Ave 503 2 2 1411  $156,000
1136 Washington Ave 801 2 2 1872  $219,000
1136 Washington Ave 510 2 2 1243  $137,000
1136 Washington Ave 612 2 2 1133  $148,000
1136 Washington Ave 806 2 2 1218  $135,000
1136 Washington Ave 711 1 1  $72,500
1136 Washington Ave 406 2 2 1218  $172,000
1136 Washington Ave 505 2 2 1509  $148,200
1136 Washington Ave 910 4 4 3482  $497,500
1136 Washington Ave 407 2 2 1506  $235,000
1136 Washington Ave 307 2 2 1508  $245,000
1136 Washington Ave 210 2 2  $139,900


Lucas Lofts 1123 Washington Avenue 


1113 Washington Ave 304 1 1 1115  $105,000


Louderman Lofts 315 N 11th Street

315 11th 802 2 3 1984  $195,000

Moon Brothers Carriage Lofts  721 N 17th Street

721 17th
308 2 2 1287  $163,800
721 17th 305 2 2 1316  $155,000
721 17th 206 1 2 1229  $154,000
Good Publicity for Moon Brothers & yours truly in April 2014  - Shot from Moon Bros Roof

 


Marquette Condominiums 314 N Broadway


314 N.Broadway 1706 3 3 2640  $405,000
314 N Broadway 1902 2 2 1128  $158,000
314 N Broadway
1701 2 2 968  $170,000
314 N Broadway 1207 2 2 1210  $245,000
314 N Broadway 1603 2 2 1368  $205,000


Ely Walker Lofts  1520 Washington Avenue

#717   1 / 1   1057    $105,000







Printer's Lofts 1611 Locust Street


1611 Locust 705 3 3 2593  $400,000
1611 Locust 606 2 2 1414  $200,000
1611 Locust 504 2 2 1576  $216,000


Printer's Lofts 1627 Locust Street


1627 Locust 401 2 2 1168  $152,000
1627 Locust 704 1 1  $105,500
1627 Locust 504 1 1 797  $103,000
1627 Locust 706 2 2 1244  $196,500
1627 Locust 702 2 2 1279  $178,000
1627 Locust 601 2 2 1168  $171,000

Annex Lofts 1511 Locust Street


1511 Locust 805 2 2 1671  $223,000
1511 Locust 504 2 2 1404  $145,000

Alexander Lofts 1121 Locust Street


1121 Locust 501 2 2 2268  $380,000

Banker's Lofts  901 Washington Avenue


901 Washington Ave 304 2 2 1960  $264,000
901 Washington Ave 502 2 1 1496  $229,900
901 Washington Ave 205 2 2 1614  $225,000
901 Washington Ave 308 1 1 1249  $131,000
901 Washington Ave 307 2 2 1558  $208,000

10th Street Lofts  1010 Saint Charles Street


1010 St Charles St 1001 2 2 1688  $225,500
1010 St Charles 504 2 2 2936  $275,000
1010 St Charles St 1003 2 2 3073  $475,000


Dorsa Lofts    1015 Washington Avenue


1015 Washington Ave 404 2 2 1965  $263,000
1015 Washington Ave 308 2 1 1290  $170,000
1015 Washington Ave 305 2 2 1885  $260,000

Edison Condominiums  400 S 14th Street


400 14th 1001 12 3 5863  $725,000
400 14th St 1104 3 2 1527  $218,000


Syndicate Condominiums   915 Olive Street


915 Olive 1604 3 3 3027  $547,900
915 Olive St 1009 2 2 1575  $260,000
915 Olive St 1104 1 1 1017  $169,000
915 Olive 1101 2 2 1664  $265,500
915 Olive 1201 2 2 1664  $267,000
915 Olive 1505 2 2 1543  $259,000
915 Olive 1507 2 2 1496  $260,000
915 Olive 1510 2 2 1414  $257,500
915 Olive 1610 3 2 2792  $600,000

Elder Shirt Lofts  703 North 13th Street


703 13th 503 2 2 3253  $432,000
703 13th 407 2 2 2516  $258,500


Eden Lofts  1720 Chouteau 


1720 Chouteau Ave 205 2 2 1232  $90,000
1720 Chouteau 105 2 2  $100,000
1720 Chouteau 204 2 2 1396  $100,000
1720 Chouteau Ave 101 2 1 1232  $60,700
1720 Chouteau Ave 304 2 2 1379  $82,600





Happy New Year from the Premier Team!







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