The New Gateway to Downtown West

My St. Paddy's day gift today was getting some semi-concrete information on the new construction project planned for the Southwest corner of Tucker and Washington. The information was listed this morning on the MLS. As soon as it popped up, I called to interrogate the listing agent about all the details.

The pricing appears to start out around $198/square foot for the base price non-penthouse, which is hard to.
justify without more details about base plan and upgrades. Overall it sounds like an exciting project and a better use of such valuable space.

There are going to be 17 units, five of which are 2 story penthouse units on the 6th & 7th floors. Pricing on those ranges upwards to around $248/square foot.

Of course, since plans are still in the works, any details here are certainly subject to change, but contact us to get reservation information. Most definately, these 17 units will quickly sell long before the scheduled Spring 2007 completion date.

February Loft Sales Stay Strong

It seemed as if the intense rush of loft buying that was going on in late December / Early January tapered off a bit in February. Lots of the closings took place in February.

The market is still very strong. For a brief period this winter the area experienced a bit of a seller's market. There were limited choices for many of the buyer's in the market in December - February.

Summer is just around the corner. New lofts are coming on the market every day. We're getting into the busiest real estate time of the year soon.

We're getting ahead of ourselves.... Here's the downtown sales that took place in February.

1700 Chouteau #311------$116,060
1700 Chouteau #209------$119,200
1700 Chouteau #303------$143,200
1627 Locust #704--------$144,000
1700 Chouteau #206------$170,180
1511 Locust #408--------$184,175
1612 Lucas #205---------$199,900
1511 Locust #802--------$202,350
1709 Washington #801----$209,000
1511 Locust #202--------$210,575
1612 Lucas #405---------$217,500
1619 Washington #303----$229,000
1511 Locust #407--------$231,500
1511 Locust #606--------$235,000
1501 Locust #209--------$235,000
1501 Locust #905--------$264,900
1501 Locust #705--------$278,000
1611 Locust #303--------$285,000
703 N 13th #308---------$331,000

Click here for the loft mls listing details for these sales.

Stadium Issue of the STL Business Journal

It was great reading the business journal this morning with a great deal of focus on the new Busch Stadium and also all of the development that seems to be targeting the areas growth relating to the new stadium and ballpark village. For someone that spends lots of time reading about and studying downtown development, it's rare that I get really overwhelmed with excitement. Today was one of those days.

Of the articles that grabbed my attention the most, cover story about the work going on around Gratiot Street and 4th was interesting. I had heard this development area being dubbed, the "icehouse district" about a year ago. It seems that it will really round out the downtown area and break away at the void between downtown and Soulard.

As soon as this weeks paper is placed online, the stories will be linked here.

Happy 38th Birthday Bob Ray!

Stop by the Washington Ave Post today to wish Bob a happy birthday.

Feng Shui of Loft Design

I was reading this article in the Arizona Republic and thought it was worth a read (Note: unless you've visited the Arizona Republic online before, you will be asked to complete a brief survey before viewing the article....sorry). One of the best things about working downtown is being able to see the great designs and creativity used in decorating lofts once a buyer moves in. Of course, that can also be a difficulty, because due to the unconventional styles, sometimes people can not visualize themselves in a more modern environment. Click here to see some lofts decorated by Better Homes and Gardens online.

The loft shown here is a relatively small space that, when decorated, was a fantastic living space. It sold in just a few days on the market. Its eye-catching design and great layout probably had a hand in its quick sale.

Blog Directory