Big Times Downtown

Jim Edmunds to sing at Copia? Wouldn't that be special. Watching Adam Wainright strike out Carlos Beltran to win game 7 and the NL pennant was awesome. After the hysteria, we finished some work to get ready for the Fall Downtown Living Tour being held this weekend. All of our loft listings are being held open and there's lots of preparations. The thought crossed my mind that an even better opportunity to show off our wonderful downtown neighborhoods may come when the Redbirds come back in town for the World Series. The World Series berth would also be a great springboard for the Cardinals to start selling Ballpark Village condos. Unfortunately it doesn't appear that can happen so quickly. Despite my doubts, I attempted to contact Cordish Co. today. Hopefully more to follow soon.

Be SEEN at the Loft Tour!

2 Story Loft of the Century!

The absolute coolest loft downtown has just been placed on the market. This unbeatable 3000 square foot space in the Jack Thompson Square lofts will be open both days of the Downtown Living Tour on October 21 and 22 from 12-4. Regardless of whether someone is in the market or in this price range--go see it!! It is the first time I have EVER related a loft to the grandeur of the Grand Canyon.

What also makes this loft stand out is the incidental expenses of condo living. The fees for this baby are less than the fees for a 703 square foot loft in the Knickerbocker!! Taxes are abated too.

A bit of Frontenac on Washington Ave for $589,900

National Fan Base

In the past year, its been tough keeping up with the tremendous amount of press that our downtown renaissance has gotten. A friend from afar, the New York Times, has published on our city several times in the past couple years. Outside of the St. Louis Business Journal--downtown's biggest fan--the Times has had lots of favorable write-ups.

This weeks article discusses the turning point that developer's and loft buyer's are beginning to face. Since most of the projects have stopped offering tax abatment, the market has continued without significant disruption. Now it's the developer's turn: will they continue to build without the incentives that they have been granted that helped start this movement? The answer seems like a clear, "yes" at this point.

Awesome New Listing!

Today we held our newest listings downtown open. What a perfect day! Between Taste of St. Louis, the NL Central Champion Cardinals game, and the return of Mad Mike to the dome, it seemed like downtown was stuffed with people.

This new listing at the 2020 Lofts is a 1 or optional 2 bedroom 2 full bath loft with a perfect view of the downtown skyline. Most of the viewings of a residential property are during the day. This great space has just an incredible eastern view all day but especially at night. Around the corner from Nectar and Schlafly's Tap Room, the Lofts at 2020 are situated in the center of the development in Downtown West.

This unit has 2 parking spots, a great common rooftop deck and the LOW LOW tax bill of around $135 per year. The $229,900 price would have the same payment as a loft selling for around $185,000!!

Interest Rates Drop Again

For those committed to analyzing the real estate market, it seems to have picked up a bit downtown. Who really knows why? One explanation may be the interest rates have continued to drop. Pretty good news, huh. Maybe if interest and gas prices continue to drop, we may see another real estate frenzy.

Seriously though, while it stinks to see good properties sit on the market, seeing the real estate market level off in 2006 isn't all bad. It's just the way it is.