Wednesday, January 03, 2018

Choteau Greenway - Events Tomorrow and Saturday!!!



The first time I heard about re-building Choteau's Pond was during the real estate boom in 2005.  My expectations were low.   Being a St. Louisan born well after 1850,  I hadn't heard of its predecessor and its tragic demise. I had heard of many grandiose plans for development that didn't take off, and this sounded too good to be true.

The fact that the area had been converted into a somewhat obsolete, underutilized rail yard as well as Cupples Station area, Union Station and the Sheraton City Center Hotel (Edison Condominiums) --the whole pond couldn't be restored, but anything designed to beautify the city and energize its residents was attractive.  Many people I spoke to loved the idea of reworking an attractive recreational area into what seemed to be a blighted scar on the downtown landscape.  Beyond that, the dream of having a network of bike paths crisscrossing the St. Louis area would be an attraction that would be transformative.

Fast forward to 2016 - despite my skepticism,  I've stayed interested and read up on any progress on the subject on GreatRiversGreenway.org .  Studies by the National Association of Realtors showed ‘trail availability’ outranked 16 other options including golf courses, security, sports fields, parks, and access to shopping or business centers.  They help build and sustain economic activity as well as increase property values of nearby homes as well as other .   The ultimate goal of the Choteau Greenway seems to be connecting Forest Park to Wash U Medical School, Cortex and Downtown, but that would be eclipsed by the master plan of making more connections on the Centennial Greenway Trail to extend from Forest Park to the Delmar Loop to Creve Coeur Park then on to St. Charles.   
Choteau Greenway Benefits

Currently there is a survey on the Gateway Rivers Greenway site to solicit public input about various aspects of trail development and an international design competition in the works.  The four remaining teams are set to have two public meetings in January and public participation is crucial.  The more people that are 'in the know,' the better.  Downtown residents are especially encouraged to show up for Meet the Designers Night or Community Day.   When I talk to loft owners ready to sell,  anything benefiting property values is always welcome news.

Overall, the excitement for this type of project in St. Louis is building.   Cities have been realizing that catering to the health and recreational needs of its residents is imperative if they want to continue to attract businesses and new residents.  Predictions about the 2018 Housing market nationwide predict that the single greatest demographic will be millenials looking for starter homes for the next several years, and citing their attraction to urban core areas with attractive, walkable areas.   These nationwide trends will appear to benefit areas like St. Louis due to a more affordable area, lower taxes and available urban housing.


Sunday, December 31, 2017

2017 Downtown Loft Market


The 2017 Downtown St. Louis housing market appears to have been a similarly stable real estate market compared to the past few years.   Sale of 119 units this year is within just a few sales from a slightly higher level in 2016 (124 sales) and 2015 (122 sales).  Prices have been similarly...eh hem... stable.   For thos of us that experienced the stock market crash of 2008 and its ensuing real estate decline, stable is still good!   Improvements and new life continues to move into downtown.  We'll soon be talking more about the Choteau Greenway project, City Foundry, Ballpark Village phase 2, as well as long term effects of the relocation of the defense mapping agency to the near north side. 


Here's the 2017 Downtown Loft Sales.....

Sale Date Address CDOM Price Beds Bath Sq Ft
Ballpark Lofts
11/27/17 1004 Spruce #510  36 $183,000 2 2 (2 0) 1,024
10th Street Lofts
8/31/17 1010 Saint Charles #1001  259 $209,000 2 2 (2 0) 1,688
2/24/17 1010 Saint Charles #403  0 $160,000 2 2 (2 0) 1,538
5/1/17 1010 Saint Charles #502  259 $200,000 2 2 (2 0) 2,104
9/29/17 1010 Saint Charles #503  449 $175,000 2 2 (2 0) 1,538
12/21/17 1010 Saint Charles St #803  77 $217,500 2 2 (2 0) 2,070
Dorsa Lofts
10/30/17 1015 Washington Ave #502  11 $183,000 2 2 (2 0) 1,611
8/2/17 1015 Washington Ave #708  19 $370,000 2 3 (2 1) 1,983
Columbus Square 
2/24/17 11 Columbus Square Dr 8 $54,000 2 2 (1 1) 1,178
Lucas Lofts
4/4/17 1113 Washington Ave #318  51 $155,000 2 2 (2 0) 1,520
7/25/17 1113 Washington Ave #401  45 $108,500 1 1 (1 0) 700
3/17/17 1113 Washington Ave #606  139 $135,000 2 1 (1 0) 1,183
10/6/17 1113 Washington Ave #607  98 $135,500 2 1 (1 0) 1,279
5/11/17 1113 Washington Ave #608  5 $154,500 2 1 (1 0) 1,131
12/18/17 1123 Washington #701  18 $111,000 1 1 (1 0) 747
4/11/17 1123 Washington Ave #316  19 $147,000 2 1 (1 0) 1,531
Alexander Lofts
4/14/17 1121 Locust St #302  31 $380,000 2 2 (2 0) 2,429
Meridian Lofts
11/14/17 1136 Washington Ave #202  127 $315,000 4 3 (3 0) 2,710
2/28/17 1136 Washington Ave #402  6 $175,000 2 2 (2 0) 1,299
6/9/17 1136 Washington Ave #410  69 $158,000 2 2 (2 0) 1,243
8/8/17 1136 Washington Ave #505  54 $210,000 2 2 (2 0) 1,509
4/25/17 1136 Washington Ave #510  19 $140,000 2 2 (2 0) 1,243
1/31/17 1136 Washington Ave #801  435 $220,356 2 2 (2 0) 1,872
11/21/17 1136 Washington Ave #805  150 $209,900 2 2 (2 0) 1,509
5/23/17 1136 Washington Ave #905  420 $303,500 3 3 (3 0) 2,200
Jack Thompson Square Lofts
4/13/17 1204 Washington Ave #5B  6 $159,900 2 2 (2 0) 1,446
3/9/17 1204 Washington Ave #6A  324 $325,000 2 3 (2 1) 2,993
Terra Cotta Lofts
5/12/17 1501 Locust #1205  91 $133,000 2 2 (2 0) 1,495
10/27/17 1501 Locust #701  85 $75,000 1 1 (1 0)
2/16/17 1501 Locust St #1001  46 $107,000 1 1 (1 0) 1,002
5/17/17 1501 Locust St #1201  46 $175,000 2 2 (2 0) 1,342
5/5/17 1501 Locust St #201  38 $101,000 1 1 (1 0) 1,002
5/3/17 1501 Locust St #206  22 $165,000 2 2 (2 0) 1,444
9/29/17 1501 Locust St #404  147 $177,900 2 2 (2 0) 1,642
7/7/17 1501 Locust St #407  62 $171,000 2 2 (2 0) 1,679
6/30/17 1501 Locust St #505  193 $166,228 2 2 (2 0) 1,495
5/31/17 1501 Locust St #707  70 $180,000 2 2 (2 0) 1,679
11/15/17 1501 Locust St #803  72 $103,500 1 1 (1 0) 1,053
Annex Lofts
3/24/17 1511 Locust #301  18 $82,000 1 1 (1 0)
5/10/17 1511 Locust #403  374 $107,000 2 1 (1 0) 1,216
9/7/17 1511 Locust #409  142 $126,000 2 1 (1 0) 1,233
12/19/17 1511 Locust #410  192 $103,000 1 1 (1 0) 1,381
9/22/17 1511 Locust #706  101 $119,000 2 2 (2 0) 1,302
12/13/17 1511 Locust St #204  114 $139,900 2 2 (2 0) 1,400
11/21/17 1511 Locust St #509  40 $138,000 2 1 (1 0) 1,233
Ely Walker Lofts
5/18/17 1520 Washington Ave #214  0 $165,000 2 2 (2 0) 1,595
5/18/17 1520 Washington Ave #220  0 $135,000 2 2 (2 0) 1,272
3/8/17 1520 Washington Ave #420  108 $132,900 2 2 (2 0) 1,272
10/30/17 1520 Washington Ave #602  7 $133,000 2 2 (2 0) 1,221
Windows Lofts
7/7/17 1601 Washington Ave #210  8 $126,500 1 2 (2 0)
6/8/17 1601 Washington Ave #306  139 $129,900 2 1 (1 0) 1,187
Printer's Lofts (B)
9/22/17 1611 Locust #204  60 $209,000 2 2 (2 0) 1,576
11/2/17 1611 Locust #503  69 $252,500 2 2 (2 0) 2,062
4/28/17 1611 Locust St #402  268 $190,000 2 2 (2 0) 1,606
5/24/17 1611 Locust St #406  227 $150,000 2 1 (1 0) 1,148
Printer's Lofts ©
9/22/17 1627 Locust #304  37 $102,000 1 1 (1 0) 797
6/9/17 1627 Locust #305  188 $150,000 2 2 (2 0) 1,267
1/20/17 1627 Locust St #406  136 $140,000 2 2 (2 0) 1,244
3/13/17 1627 Locust St #704  266 $95,000 1 1 (1 0) 797
Railway Lofts
5/30/17 1619 Washington Ave #405  29 $140,000 1 2 (2 0) 1,627
3/16/17 1619 Washington Ave #603  125 $169,900 2 2 (2 0) 1,470
1/26/17 1619 Washington Ave #901  53 $285,000 2 2 (2 0) 1,999
11/17/17 1619 Washington Ave #903  7 $340,000 3 2 (2 0) 2,500
Kingbee Lofts
3/6/17 1709 Washington Ave #602  0 $176,000 2 1 (1 0) 1,996
Eden Lofts
7/3/17 1720 Chouteau #107  55 $90,000 2 2 (2 0) 1,330
Lofts at 2020
5/31/17 2020 Washington Ave #304  64 $140,000 1 2 (2 0) 1,293
4/6/17 2020 Washington Ave #312  167 $116,000 1 1 (1 0) 1,189
11/7/17 2020 Washington Ave #402  271 $120,000 1 1 (1 0) 1,023
11/29/17 2020 Washington Ave #513  157 $151,900 2 2 (2 0) 1,300
11/14/17 2020 Washington Ave #706  92 $152,000 2 2 (2 0) 1,456
7/13/17 2020 Washington Ave #713  72 $123,000 1 2 (2 0) 1,195
Blu City Spaces
7/19/17 210 North 17th #205  4 $48,889 1 1 (1 0) 648
2/10/17 210 North 17th #303  260 $50,000 1 1 (1 0) 648
3/7/17 210 North 17th St #1011  23 $50,000 1 1 (1 0) 0
10/6/17 210 North 17th St #1012  14 $60,000 0 1 (1 0) 624
3/17/17 210 North 17th St #206  36 $68,000 1 1 (1 0)
7/31/17 210 North 17th St #603  56 $51,000 1 1 (1 0) 0
4/13/17 210 North 17th St #712  40 $57,000 1 1 (1 0) 0
Packard Lofts
7/17/17 2201 Locust #206  21 $130,000 2 2 (2 0)
Marquette Condominiums
3/17/17 314 North Broadway #1004  271 $106,000 1 1 (1 0) 795
7/6/17 314 North Broadway #1404  7 $115,000 2 1 (1 0)
5/23/17 314 North Broadway #1407  42 $200,000 2 2 (2 0) 1,142
7/27/17 314 North Broadway #1503  116 $219,900 2 2 (2 0) 1,399
7/18/17 314 North Broadway #1606  230 $207,000 2 2 (2 0) 1,383
11/30/17 314 North Broadway #603  93 $118,000 2 1 (1 0) 774
6/21/17 314 North Broadway #703  34 $115,000 2 1 (1 0) 775
4/5/17 314 North Broadway #905  930 $149,500 2 1 (1 0) 1,125
7/31/17 314 North Broadway #906  214 $115,000 1 1 (1 0) 891
Louderman Lofts
8/1/17 315 North 11th St #803  50 $285,000 2 2 (2 0) 2,214
Edison Condominiums
2/8/17 400 South 14th St #1004  20 $250,000 2 3 (2 1) 1,527
1/20/17 400 South 14th St #1014  63 $395,000 2 3 (2 1) 2,200
12/1/17 400 South 14th St #1208  132 $232,000 2 3 (2 1) 1,527
6/5/17 400 South 14th St #907  399 $358,500 4 4 (4 0) 3,054
Westgate Lofts
8/16/17 410 North Jefferson Ave #403  84 $130,000 2 1 (1 0) 1,252
Elder Shirt Lofts
5/18/17 703 North 13th St #504  210 $630,000 2 2 (2 0) 2,900
Moon Bros Lofts
9/8/17 721 North 17th #204  59 $148,000 2 2 (2 0) 1,240
3/15/17 721 North 17th #207  38 $157,000 2 2 (2 0) 1,340
11/30/17 721 North 17th #208  202 $137,000 2 2 (2 0)
8/7/17 721 North 17th #308  176 $152,000 2 2 (2 0) 1,334
9/18/17 721 North 17th #408  176 $168,500 2 2 (2 0) 1,333
5/16/17 721 North 17th #503  25 $176,000 2 2 (2 0) 1,403
2/22/17 721 North 17th St #407  13 $172,000 2 2 (2 0) 1,340
Bankers Lofts
8/21/17 901 Washington Ave #206  118 $229,900 2 2 (1 1) 1,540
5/26/17 901 Washington Ave #208  176 $174,860 1 1 (1 0) 1,249
2/16/17 901 Washington Ave #407  76 $216,000 2 2 (2 0) 1,558
6/28/17 901 Washington Ave #602  242 $190,125 1 2 (2 0) 1,496
10/16/17 901 Washington Ave #703  64 $507,500 3 3 (3 0) 3,483
1/20/17 901 Washington Ave #704  69 $375,000 2 3 (3 0) 2,596
Syndicate Condominiums
8/11/17 915 Olive #1008  0 $245,000 2 2 (2 0) 1,314
2/16/17 915 Olive #1011  190 $220,000 2 2 (2 0) 1,281
8/8/17 915 Olive #1012  114 $266,000 2 2 (2 0) 1,462
5/22/17 915 Olive #1113  290 $230,900 2 2 (2 0) 1,473
8/8/17 915 Olive #1307  40 $255,000 2 2 (2 0) 1,486
2/16/17 915 Olive #1408  48 $239,900 2 2 (2 0) 1,314
4/18/17 915 Olive #1608  572 $472,400 2 3 (3 0) 2,893
8/3/17 915 Olive #908  110 $240,000 2 2 (2 0) 1,314
4/7/17 915 Olive St #1305  167 $323,500 2 3 (2 1) 1,884
7/26/17 915 Olive St. #1009  4 $285,000 2 2 (2 0) 1,575

Friday, November 03, 2017

Dorsa Lofts DEAL OF THE CENTURY!


This is a fantastic deal at the Dorsa Lofts that seems to have been overlooked - since pictures just don't do justice to this amazing space.   This space has a tremendous layout and has been meticulously cared for.   The layout includes a huge sunken great room with AWESOME VIEWS of Washington Ave and 10th Street!

At $214,900, it is priced almost $75,000 less than it initially sold for during the Pyramid days.   Prices have definately dropped since the glory days of downtown, but this is a fantastic deal in the here and now.   


lofts for salelofts for sale

Tuesday, January 19, 2016

Rome Wasn't Built in a Day....

"Little Francis' teacher called home last week to talk to Francis's Mom & Dad about the progressive slide in little Francis' grades.  

"Darling Francis!" exclaimed his mother, "he can do no wrong!"  "Do something, Father!"

Mother and Father thought hard for nearly a minute before they confidently placed the blame where it truly belonged;  on anyone but Francis."  


Anyone with any longevity in Downtown St. Louis understands four consistent truth's with the St. Louis fear mongering media:   
1.  "Downtown is Failing" is an acceptable answer to any problem.   
2.  No other community faces the same level of scrutiny.  
3.  Responsibility rarely falls where it should.
4.  Use the truth as a last resort.

Seeing the news last night how Harry's was closing was obviously a disappointment.    When it opened, I remembered it was considered one of the top pick up bar's in the area for folks slightly older than me (now around 48-50 years old).  It was a classy place with good food.   Maybe Harry cited all the reasons for closing, and they news channel just cut everything out except his "Downtown is struggling" cliché.   When Harry's opened 23 years ago, Washington Avenue was a dive.   Old warehouses, rave parties and the 3am club scene for the young people, the slightly older, 'yuppies' went to Harry's.  

Now the world has changed.   
We can only hope that the 48-50 year olds have found their first and maybe 2nd or 3rd spouse by now.  The internet has changed how society communicates and online dating / social media has largely taken the primary reason that many people went to the bars back in the 80's and 90's.  My pals in bands tell me all the time, how we live in the different world, which is good, because I'm not in the bars to see for myself.  Harry's was becoming obsolete.  

This really shouldn't be anything earth shattering.  This has happened ever since restaurants really came into being.  A concept gets tired, stops performing, maybe some management or staffing problems take place, or some other outside factor like traffic changes or massive competition.   Sometimes, like young Francis, the place just isn't that good, or the business plan was to blame.  One of my other favorite restaurants on Watson rd, Stellina's recently shuttered.   Rather than blame Lindenwood Park, I would say that there were too few tables and not enough privacy.  I saw it coming, but enjoyed the business while it lasted.  

Like all of downtown, blame Ballpark Village.   That's fair.    Ballpark Village is a fresh concept by players with good strategy, good design, great location and deep pockets.   A tough competitor.   So tough, in fact, that they're blaming it for a closure in KIRKWOOD.  

With J. Bucks, it closed in Downtown.   It also closed in West County (2009) and in Clayton.  The sky is falling strategy used like a club against downtown didn't happen there, and the journalists in St. Louis really have to get real.  

THE BOTTOM LINE is that Downtown will always have challenges, but that growth and development are still going on and things will take time, but the direction Downtown is heading will continue to amaze.  



Sunday, December 06, 2015

Vision Limited

STL Celebrates End of WWII on Washington Avenue
Kudos to Nick Pistor and the Post Dispatch for addressing the maintenance problems of the Washington Avenue streetscape in sunday's paper.  It highlighted the games that go on behind the scenes between the City and public utilities and how Washington Avenue's 'special' features are the victim.  To sum up; the agreement for a public utility to tear up the city streets is accompanied by an expectation to patch up the street, but not the extra effort and expense maintaining 'zipper and stitch' paving and 'runway lighting' down the middle of the street.  

What's particularly frustrating about the article is the reality that the city streets department was interviewed, Downtown Inc. CEO was interviewed, and the Neighborhood Association was interviewed.  The impression that the city leadership isn't concerned that the massive investment in Washington Avenue was evident, possibly due to the writer, and maybe its just the way it is.  No inclusion of comments from one of the many alderman for the downtown area or the mayors office was used.  Reading between the lines, this could be one of the many problems with downtown's lack of an exclusively committed alderman.  With downtown split between multiple alderman, the area just isn't important enough to any one of them to fight for what is necesary to keep things looking good.  

The article also addresses the lack of vision in the planning.    Not having funds set aside for maintenance is a common theme.   Its common knowledge that its easier to get millions for a new road or bridge than getting smaller amounts for maintenance and repair of what's already in use.

Hopefully this conversation keeps going.  

The last thing we need is a light shined on a problem downtown but no further action.  Between the neighborhood and Downntown STL, Inc., STL City leaders need to know that this issue isn't going away.   


Monday, September 21, 2015

Potential Downtown Neighbor


Not that this is a brand new video, but I find it more exciting than most of the other press coverage about building a stadium.  

Last year, downtown lost a prospective buyer because our city had failed to capitalize upon our position on the Mississippi.  They were shocked that this resource didn't have more public use space.  This plan to build a stadium has too many factors to mention, but seeing it materialize with the support it has garnered this summer is inspiring, and considering its place just north of the newly redesigned archgrounds is especially appealing.

The Harvard study is a good plug for the overall investment OPPORTUNITY, but in my mind, only if every phase of the project is well thought out and other positive changes (ie City to River) materialize.