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Saint Louis Construction & Housing News Focusing on new construction & redevelopments within the Metropolitan Saint Louis Area...  www.slfp.com St. Louis Front Page P. O. Box 1354 St. Louis, MO 63188 http://www.slfp.com Voice: 314-771-0200 Fax: 314-771-0300 To submit news, contact: editor@slfp.com |
ST. LOUIS, (SLFP.com), April 29, 2007 - The new Chaifetz Arena, named for University alumnus and Chairman and CEO of ComPsych Corporation, Dr. Richard A. Chaifetz, is projected to be the center of campus life at Saint Louis University. The Arena will be a true home court for the Billiken basketball teams and state-of-the-art showcase for concerts and other events. The 10,600-seat facility is being built by Clayco on the SLU campus north of Interstate 64/Highway 40 at Compton Avenue. Chaifetz Arena will feature 12 private suites, club seating with nearby hospitality areas, special student seating areas, student athlete training rooms, athletic offices and a Billiken merchandise and apparel outlet. According to a fact sheet on the Arena, since 1987, SLU has invested more than $650 million in the area. The Arena's benefits to the city will include new investment, jobs and secondary development in Midtown. More than 400,000 people are expected to attend events at the Chaifetz Arena in its first year of operation.
ST. LOUIS, (SLFP.com), April 23, 2007 - Opus Northwest, L.L. C. has rolled out plans for Park East Lofts, following on the heels of the success of its $50 million, 26-story high-rise, mixed use residential condominium in the Central West End. "We believe St. Louis buyers will be attracted to the unique lifestyle that Park East Lofts will afford," stated John Pitcher, Vice President and Manager of Opus' St. Louis Office during a soft ground breaking for the project, April 19. The development is located at 4906 Laclede. In a departure from what the St. Louis market is familiar, the new condominium development will feature the desired characteristics of a loft-type condominium home, including high ceilings, open floor plans and expansive glass areas, gourmet kitchens and urban finishes, as opposed to the negative aspects of an older, renovated building. Park East Lofts is a mixed-use development with street frontage retail space, public parking on the first two levels of the building and secured parking for residents on the third level, with condominium units on the fourth through sixth levels. The building is designed in a "U" shape creating a private, fourth level amenity terrace with pool, outdoor spa, grilling and fire pit, and plenty of area for relaxing. The Park East Lofts feature 52 units. Available floor plans range from a studio home of 820 sf to one-bedroom homes of 900 sf to 1000 sf; and two-bedroom homes from 1,175 sf to 2,000 sf. Prices range from $220,000 to $690,000. For more information, call 314-367-6500. Redevelopment Tax Credits Approved for Several Downtown St. Louis Projects ST. LOUIS, (SLFP.com), March 25, 2007 - Four organizations in St. Louis have been approved for a total of $2,539,070 in Brownfield Redevelopment tax credits from the Missouri Department of Economic Development. The credits will be used to renovate and rehabilitate contaminated commercial or industrial sites that are abandoned or underutilized. Tudor Retail Partners, LLC, has been approved for up to $216,324 in remediation tax credits for redevelopment of the Tudor Building, located at 1901-1933 Washington Ave. The tax credits will facilitate the redevelopment of this property into retail and commercial office space, creating an estimated 65 jobs. The property is proposed for designation as "blighted" by the city of St. Louis and is under a proposed redevelopment plan. The project consists of a two-story commercial building that occupies half of a block at 1901-1933 Washington Ave. Over 90 percent of the building has not been occupied for at least 10 years. Remediation tax credits for up to $592,340 have been approved for 1911 Locust Partners, LLC, for redevelopment of a two-story commercial warehouse building at 1911 Locust St. and a vacant lot at 1921 Locust St. The tax credits will facilitate the redevelopment of this property into residential, retail and commercial office space, creating an estimated 53 jobs. Over 75 percent of the building at 1911 Locust St. has been used for warehousing of truck parts. The remaining area supported only two employees. The entire building has been underutilized for at least 10 years. The lot at 1921 Locust St. has been abandoned for over 30 years. MB Lofts, LLC, has been approved up to $1,424,818 in remediation tax credits for the redevelopment of the Metropolitan Building, 500 North Grand Blvd. The 97,078 square foot building has been vacant for at least five years. These tax credits will facilitate the redevelopment of this property into hotel, retail and commercial office space, creating a projected 102 jobs. Remediation tax credits for up to $305,588 have been approved for 1426 Washington Avenue, LLC, for redevelopment of the Monkey Building, 1426-1430 Washington Ave. These tax credits will facilitate the redevelopment of this property into retail and commercial office space, creating an estimated 87 jobs. The 30,000 square foot building has been underutilized for at least 10 years and has been occupied only by an 800 square foot real estate office in recent years. The Brownfield Redevelopment Program provides financial incentives for the redevelopment of commercial/industrial sites that are contaminated with hazardous substances and have been abandoned or underutilized for at least three years. Archived Pages: Construction Begins for G.E.W. Lofts Casino Queen Construction Moves Forward With Unique Safety Partnership Specialty Grocery Store Slated for $80 Million Georgian Square Mixed Use Development Near Lafayette Square Lumière Place to Light Up Downtown St. Louis Riverfront  
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