STL Real Estate News

Category - Commercial Real Estate

Ellisvilles’ Greer Brewing to open late March or early April

Greer Brewing

ELLISVILLE, MO/February 2, 2017 (STLRealEstate.News) Chris Greer, founder/owner of Greer Brewing Company is targeting late March or early April for the opening his new microbrewery and Ellisvilles’ first brewery.

Leaving a career at UPS last May to pursue his dream of brewing craft beer, a love he discovered by home brewing.  With the support of his wife and family, he is in the final stages of creating his own brewery with 8 craft beers on tap and one on pump.

Greer Brewing

The brewery is being built in a building that had set empty for many years.  He is excited and had nothing but good things to say about the community, its neighbors and the city.  “It will not be a bar”, says Greer.

He showed us around the facility and the building is designed as if it was intended for Greer’s dream.  The building is constructed almost entirely of brick, mortar, steel and wood rafters in the ceiling.

Around the back is a great L-shaped covered patio like area that would be perfect for outdoor seating.  However, the city of Ellisville considers it to be inside because it covered by roof, which would require a sprinkler system costing in excess of $100,000.  With such rules, he is now limited to seating inside only with more plans and dreams to add a sprinkler system at some point so he can utilize the outdoor seating.

In the early stages Greer plans on a limited menu with cold items, with again, future plans to expand to a full kitchen.

Greer had been planning this dream for approximately 3 years before terminating his UPS career.  In addition to the craft beer and cold menu items there will be pool tables, darts and plenty of parking.

There has been questions about if there are too many microbreweries in the St. Louis metro area.  Greer says it is 20 miles to get to the nearest brewery.  Great idea in a community

 

Four St. Louis companies awarded preliminary TIF funding

TIF funding

ST. LOUIS, MO/February 2, 2017 (STLRealEstate.News) Projects amounting to $383 million won preliminary Tax Increment Financing Commission from the city of St. Louis this past week.  Four St. Louis-area real estate developments that are combined seeking more than $50 million in public financing to help construct the projects proposed earlier this year were the lucky winners.

The projects include the $83 million rehab of the Armory, a $170 million mixed-use project in the Cortex innovation district, a $104 million rehab of the Jefferson Arms building, and a $26 million project in the Delmar Loop.  But, before each of the projects can be finished, they must first be approved by the St. Louis Board of Aldermen.

For the Armory project, Green Street’s redevelopment is expected to include mixed-use space, including a health spa, restaurant and bar, offices, and other types of developments said a document provided by the city of St. Louis.  Green Street is also planning to utilize a Community Improvement District, Transportation Development District, and full real estate tax abatement.

The Aloft boutique plan, proposed by Cortex, calls for the innovation district’s very first hotel and new residential apartment development with more than 200 studio, one and two bedroom units. Construction is planned for the beginning of 2018, sources report.

Four developers are working on the projects, including Boston-based CV Properties, Baltimore-based Wexford Science and technology; Florida-based Structured Parking Solutions, and Chicago-based Silliman Group.

None of this is news to the city of St. Louis as the major developers have previously submitted their planning intentions to be considered for the TIF funding.  Though they are almost to the finish line, they do require St. Louis board certification and approval before the massive construction plans can take off.

As we speak, Alterra International, a Dallas-based developer with the Jefferson Arms building under contract, is working on the historic downtown building rehab.

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Contributing Editor: Alexandra R. Fasulo

US home prices rise 5.3 pct. amid solid demand, tight supply

US home prices

US home prices rise

WASHINGTON/February 1, 2017 (AP)(STLRealEstate.News) — US home prices marched steadily higher in November, pushed up by healthy demand for homes and a shrinking supply of available properties.

The Standard & Poor’s CoreLogic Case-Shiller 20-city home index, released Tuesday , rose 5.3 percent, slightly faster than October’s gain of 5.1 percent.

So far, home sales have remained healthy even as mortgage rates have risen, suggesting homebuyers are trying to lock down purchases before rates increase further. Americans bought existing homes at the fastest pace in nearly a decade in November. Yet the number of homes for sale has fallen to a 17-year low, fueling bidding wars in many cities.

Prices in Seattle jumped 10.4 percent in November from a year earlier, the biggest gain among the 20 cities tracked by the index. Portland followed with a 10.1 percent gain. Denver reported an 8.7 percent increase.

The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The November figures are the latest available.

Svenja Gudell, chief economist at housing data provider Zillow, said some relief from higher prices may be on the horizon. Rising mortgage rates and a leveling off of rents in many cities could cool demand for homes in the coming months, potentially slowing price gains.

The flattening of rents could also encourage developers to build more single-family homes rather than apartment buildings, which would provide more choices to potential buyers.

“These emerging trends could start impacting the market in time for the busy spring and summer home shopping season, and bear watching,” Gudell said.

Sales of both new and existing homes slipped in December after posting solid gains in November. But the number of Americans signing contracts to buy homes climbed last month, a sign that sales may soon increase. A signed contract is usually followed a month or two later by a closed sale.

Steady job growth and modest wage gains have helped fuel a rebound in home sales and prices following the housing bust that began in late 2006. Home prices nationwide began to rebound in 2012 and by some measures fully recovered to their pre-recession levels in September.

Low mortgage rates have been critical to the recovery. The average 30-year fixed mortgage fell below 4.5 percent in 2011 and averaged just 3.65 percent for all of last year. They have risen since the election as investors have pushed up interest rates on expectations of faster growth.

The 30-year fixed averaged 4.19 percent last week, mortgage buyer Freddie Mac said, up from 4.09 percent the week before.

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CHRISTOPHER S. RUGABER, AP Economics Writer

Developer buys Railway Exchange Building in downtown St. Louis

Railway Exchange Building

ST. LOUIS, MO/February 1, 2017 (STLRealEstate.News) Railway Exchange Building – Downtown St. Louis had a bit of real estate activity this past week with the official announcement of a Florida-based developer completing a purchase of the century-old Railway Exchange Building.  After the purchase, the new owner, Hudson Holdings of Delray Beach in Florida, paid just above $20 million for the building that occupies an entire block in the middle of downtown.  When asked about the transaction, Hudson Holdings did not respond to request for comments about its plans.  The company put the building under contract last spring.

Sources are still speculating what the firm is up to, and think that redevelopment would include a mixture of residences, stores, and perhaps even a hotel.  The building comes with lofty history, having been constructed in 1914.  It has 21 floors and 1.2 million square feet of space.  It was formerly the headquarters of the May Department Stores Co. and downtown’s Macy’s Store location.

Macy’s moved out of the building when it closed in 2013.  Since its closure, the building at 601 Olive Street has been vacant.  The property includes the parking garage connected to the Railway Exchange by a fourth-floor sky-walk over Olive Street.

Recently updated on the Hudson Holdings website, the company emphasizes the “downtown historic adaptive re-use” of the location and sees potential in the older, transformational assets.  The real estate firm is no stranger to historic renovations, having projects that include the nearly century-old Huntington Building in downtown Cleveland, the Textile Building in Cincinnati, and the Mark Twain Building in downtown Kansas City.

When Macy’s downtown St. Louis closed, it occupied the Railway Exchange’s three lower floors, less than a third of the space the Famous-Barr store previously filled.

Stay tuned for information and details on what the development company plans to new with the new-found historical and strategically located acquisition.

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Contributing Editor: Alexandra R. Fasulo

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Picture courtesy of Preservation Research Office

Ellisville auto dealership building occupied – Pro-Tech Collision Center

Pro-Tech Collision Center

Pro-Tech Collision Center now in Ellisville

ELLISVILLE, MO/January 22, 2017 (STLRealEstate.News) A large building in Ellisville once occupied by a Mercedes Benz dealership that relocated inside the city is now occupied by Pro-Tech Collision Center (PTCC).

According to their website, PTCC has another location in Pacific, MO at 122 North Street.

Pro-Tech is certified Mercedes Benz, Bently, Audi and Porsche with more than 75 years experience specializing in European auto body repair.  PTCC duplicates factory finishes using Standox paint products.

Much of Pro-Tech’s business is referred from high-end dealerships, however, they perform work for individuals as well.

You can’t miss the building as it sets on the north side of Manchester Road approximately one mile west of the QT.

Two locations:

Pro-Tech Collision Center

16360 Truman Rd

Ellisville, MO 63011

Phone: 636-422-1234

or

Pro-Tech Collision Center

122 North Street

Pacific, MO 63069

Phone: 636-271-6095

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Picture courtesy of St. Louis Media, LLC

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

 

Hilton St. Louis-Frontenac Hotel & Shopping Center Deal Goes Through

Hilton St. Louis-Frontenac

B F Enterprises Reaches an Agreement with Chicago Developer – Hilton St. Louis-Frontenac Hotel & Shopping Center

FRONTENAC, MO/January 22, 2017 (STLRealEstate.News) It’s finally for certain.  Bucksbaum Retail Properties LLC, a fully integrated owner and developer of retail real estate out of Chicago has reached a deal to buy The Hilton St. Louis-Frontenac Hotel, Frontenac shopping center and adjacent bank properties.  Rumors began back in July of 2013 that the 263 room Frontenac Hilton Hotel at Highway 40 and Lindbergh Blvd, Plaza Frontenac and The Village were being shopped by the Brodsky family ownership group.

Property owner B F Enterprises, controlled by the Brodsky family of St. Louis, recently reached an agreement.  Family Patriarch, Saul Brodsky, who passed away in 2002, built the hotel in two phases with construction of the Lindbergh Blvd. buildings in 1974 and the Clayton Rd.  Le Chateau Village addition in 1984.

When Brodsky parted ways with Breckenridge, the hotel then briefly functioned as the Frontenac Grand, until 1993, when the family reached an agreement with Hilton Worldwide.  It has operated as the Hilton St. Louis Frontenac Hotel ever since.

The facility features 23,000 sq. ft. of meeting space and includes 17 event rooms and a business center.  The hotel’s 10,260 sq. ft. Ambassador Ballroom is able to accommodate 1,000 guests.  The Frontenac Hilton is also comprised of two restaurants, a fitness center, a sauna, and an outdoor swimming pool.

The Le Chateau Village is a mixed-use development adjacent to the hotel and includes offices, retail spaces, a health club, a restaurant, a catering company, and a beauty salon.  Additionally the Brodsky’s own the buildings surrounding Le Chateau Village which are occupied by Triad Bank, Reliance Bank, and Wells Fargo Advisors.

St. Louis County records show that together, the properties are appraised at a value of $31.95 million.  No word yet on how much Bucksbaum Retail Properties LLC bought the properties for or exactly what they plan to do with them.

Hilton St. Louis Frontenac
1335 S Lindbergh Blvd, Frontenac
St. Louis, MO 63131

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Picture courtesy of TripAdvisor

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

Microbrewery coming to the Ellisville area

Microbrewery coming to Ellisville, MO

Microbrewery coming to Ellisville, MO

ELLISVILLE, MO/January 14, 2017 (STLRealEstate.News) A microbrewery is coming to the Ellisville, MO area according to local sources.  Apparently, the project has taken longer than expected, but from the appearance of the property located at 16050 Manchester Road in Ellisville progress is being made.

Chris Greer, the owner, is planning on producing 750 barrels yearly.  They have parking for 45 vehicles and capacity for 120 guests.  There will be a tasting room, but there will not be outdoor seating, televisions or entertainment.

The facility has been vacant for 10 years.  There is a loading dock in the back of the building making it a great property for a brewery.  The city approved it’s license approximately one year ago and now re-configuring and renovating the building is in progress.

There has been concern from the local residents about traffic.  Just half a mile east there is a new QT, Popeye’s Louisiana Kitchen, and Arby’s that will bring additional traffic to an already busy intersection.

We recently published an article titled “Construction projects in Ellisville, MO” describing the various building projects around the community.  Certainly the city took the increase in traffic into consideration, but lets keep our fingers crossed that their estimates are correct.

This will be the first microbrewery in the Ellisville area.  While it is always good to see new construction it is equally satisfying to see preservation in progress as well.  The city of Ellisville is excited to see this property finally occupied after 10 years.  But will they have good beer?  Stay tuned!

Contact information:

Greer Brewery

16050 Manchester Road

Ellisville, MO 63011

Phone: N/A

Email: N/A

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

Cortex expansion on hold

ST LOUIS, MO/January 14, 2017 (STLRealEstate.News) Officials behind the development and construction of the Cortex innovation district have this week announced they are placing two components of its planned third phase of development on hold at this time.  The items that have been paused include a 200-unit apartment development and a 1,100-space parking garage.  The team behind the development did not elect to disclose what exactly has put them on hold at this time.

Nonetheless, the district’s first hotel, an Aloft boutique hotel by Starwood; a new 180,000-square-foot technology and lab building; and an approximately 13,500-square-foot innovation hall are still slated for the Cortex innovation district project.  With the announcement of the two component drops, the project is now expected to cost close to $100 million, reported Cortex CEO Dennis Lower.  Previously, the price tag was a lofty $170 million before the scale back.

Lower provided limited information, stating that the numbers for the garage and residential component just didn’t add up for their spending budget.  They are expecting the district to revive plans, in some iteration, later this year.

“The two developers on the projects continued to drill down on the design and cost and came to the conclusion that it was no longer financial feasible,” Lower said.  “So what we did was we un-bundled the entire project.  So now we’re looking at all options right now (for the parking and residential component) — everything from sites and funding mechanisms.  We’re sort of starting anew with it.”

St. Louis’ city Tax Increment Financing Commission last week approved a $9.5 million in TIF allocation to help pay for Cortex’s planned third phase.  This is not TIF money, however, as Cortex was approved for $167.7 million in TIF incentives back in 2012.  The $9.5 million for this project is coming out of that previous pot.  To date, Cortex has used about $75 million of the approved $167.7 million for previous projects.

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Contributing Editor: Alexandra R. Fasulo

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Picture courtesy of FUSE – Washington University in St. Louis

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

Clayton home to a female-only co-working space

female-only co-working space

Female-only co-working space in Clayton, MO

CLAYTON, MO/January 12, 2017 (STLRealEstate.News) Clayton will soon be home to a hip and hot women-only co-working space, following the national trend started in New York City.  Co-working spaces, a place for startups and entrepreneurs to rent out cheaper, more innovative spaces and work with other members of their co-working ecosystem, are sweeping the nation, and Clayton wanted to be part of the trend.

RISE Collaborative, which will open at 8820 Ladue Road later this quarter, will include 11 private offices, 3,000 square feet of open and flexible work-space, three conference rooms, a classroom, and free parking to go along with a coffee and snack bar.  Sounds pretty millennial, no?

According to a Bloomberg article published this past Wednesday, female-focused co-working spaces have become a niche in the greater co-working industry.  They are a place for women to network, collaborate, and share resources for further solidifying their prominence in the professional and working world.  RISE founder Stacy Taubman, on speaking to Bloomberg, stated that women are “craving community, connection, and confidence, and that’s exactly what we’re going to give them here in Clayton.”

Other female-only co-working spaces can be found in New York, Phoenix, southern California, Washington D.C., and Stockholm, making St. Louis a very trend-setting city at this time.

RISE has been having a good year so far, being named one of three finalists for the Business Journal’s Catapult Competition sponsored by MasterCard, a contest that aims to jump-start the winner’s idea through coaching and $10,000 in technology services from MasterCard.

RISE is also anticipating new funding that could come at some point this year and is also expected to help Taubman expand her co-working concept beyond just St. Louis.

“Our goal is to keep growing and spreading our co-working commitment to fostering female growth and collaboration both on a personal and professional level,” said Taubman.

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Contributing Editor: Alexandra R. Fasulo

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Picture courtesy of Philadelphia Magazine

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

St. Louis industrial construction continues

St. Louis industrial construction

ST LOUIS, MO/January 10, 2017 (STLRealEstate.News) The St. Louis industrial market is poised to have an historical comeback after decades of stagnated growth and industrial construction demand. As witnessed by many market players in the St. Louis economy at this time, “big bombers” – industrial facilities 500,000 square feet and larger – are coming out of the ground at record pace at this time. Even better, before these projects are completed, they are being leased and pre-leased at a record pace.

What is the reason for this sustainable industrial spur? Many attribute the new e-Commerce phenomenon with major players like Amazon taking nearly 1.5 million square feet in the Metro East submarket. The two major developments in this submarket are Gateway Commerce Center, developed by TriStar, and the adjacent Lakeview Commerce Center, developed by Panattoni.

In addition to Amazon, the Gateway Commerce Center contains a host of big box users such as P&G, Unilever, and Saddle Creek Corp. In neighboring Lakeview Commerce Center, Amazon occupies space along with World Wide Technologies, occupying 769,500 feet in the Center.

The overall vacancy rate in metro St. Louis dropped to 6.5 percent at the end of the third quarter this year. Absorption year-to-date has totaled more than 3.5 million square feet now, and the velocity of these developments has captured the attention of local, established St. Louis developers, as well as brand new names to the great region. The industrial construction has been nothing but good for St. Louis residents, whom now have thousands more jobs to peruse in 2017.

It’s important to note, not all development in the St. Louis market is speculative at this time. Boeing is completing a 367,000-square-foot expansion of its tooling center near the company’s north St. Louis County campus. All of this new construction by local, national, and international developers points to St. Louis as a serious contender in the rapidly expanding distribution center arena.

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Contributing Editor: Alexandra R. Fasulo

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

World Wide Technology New Corporate Headquarters in WestPort Plaza

World Wide Technology New Corporate Headquarters

World Wide Technology, Inc. New Corporate Headquarters

MARYLAND HEIGHTS, MO/January 6, 2017 (STLRealEstate.News) On December 22, 2015 World Wide Technology, Inc. (WWT) and Lodging Hospitality Management announced their plans to help revitalize Westport Plaza by constructing a new headquarters for World Wide Technology, Inc.

In one year an impressive amount of progress has been made and the target of mid-2017 appears to be reasonable.  The structure is a beautiful addition to the Westport Plaza area, which is a business and entertainment district that attracts more than 300,000 visitors annually.

The new building is 210,000 square feet and will be home to more than 1,000 employees of World Wide Technology, Inc. at a cost of $95 million.

Building design was provided by M+H Architects and is being built by TW Contractors and Clayco, all St. Louis based companies.

World Wide Technology New Corp HQ

The state-of-the-art digitally enabled facility was designed to foster collaboration and interactivity among WWT employees, customers and partners.  The building will provide remote and local WWT teams the tools and facilities to share data, interact with content, work collaboratively to solve problems and make better business decisions.

The building will feature:

  • Ten video-enabled rooms, including three with SMART boards
  • Cisco TelePresence® high definition conferencing
  • An open office layout featuring collaboration areas, huddle rooms, working cafes and conference rooms
  • 150-seat auditorium with state-of-the-art audio and video technology
  • Digital signage to effectively and efficiently communicate with employees and guests
  • State-of-the-Art Executive Briefing Center to host customers and partners

WWT is one of the largest privately held firms in the country and a four-time recipient of Fortune Magazine’s 100 Best Places to Work.

WWT is a systems integrator with nearly $7 billion in annual revenue that provides innovative technology and supply chain solutions to large public and private organizations.  The company brings to market a powerful blend of knowledge, infrastructure and technology to help its customers discover, evaluate, architect and implement technology products and solutions.

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Contributing Editor: MWS

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Picture courtesy of St. Louis Media, LLC

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

Popeyes dealing with labor dispute in Ellisville

labor dispute

Popeyes dealing with labor dispute at new location in Ellisville, MO

ELLISVILLE, MO/January 3, 2017 (STLRealEstate.News) There is a new Popeyes Louisiana Kitchen being built on Manchester Rd/Clarkson Rd intersection in Ellisville, MO.  However, the St. Louis – Kansas City Carpenters Regional Council, a labor union, is alleging a labor dispute.

Visited with the union employees on site and they were reluctant to offer much information.  One member didn’t really know what the dispute was about.  They offered me the contact information for their union representative.  We called the representative, but there was no answer.  We left a message, but we did not get a return phone call.

St. Louis – Kansas City Carpenters Regional Council is placing employees onsite daily to educate the community of the differences they have with the project.  The Regional Council represents more than 20,000 members in 34 locals across the Missouri, Kansas and southern portion of Illinois.  The Regional Council works for its members by negotiating fair wages and benefit packages.  According to their website they have invested more than $250 million in re-development projects to create jobs.

Additionally, we called Popeyes corporate offices in Atlanta, GA, but nobody was available for comments.  We did leave a message asking for a call, but we never heard back from anybody.

This is the second building project in recent months that St. Louis – Kansas City Carpenters Regional Council claimed that there was a labor dispute in the Ellisville community.  Just east on Manchester at the Aventura Centre apartment complex they were present daily for several months, but now appear to have changed locations to protest Popeyes.

If we get a call back from either party and obtain additional information we will publish another article.  We encourage either or both parties to call so we can present both sides of the argument.

Contact information for both parties are:

St. Louis – Kansas City Carpenters Regional Council

1401 Hampton Avenue

St.Louis, MO 63139

Phone: (314) 603-2650

and

Popeyes Louisiana Kitchen 

400 Perimeter Center Terrace, Suite 1000

Atlanta, GA 30346

Phone: (404) 459-4450

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Contributing Editor: MWS

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Picture courtesy of St. Louis Media, LLC

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

 

Cushman & Wakefield named No. 1 Largest Commercial Real Estate Firm

Cushman & Wakefield

Cushman & Wakefield – No. 1 Largest Commercial Real Estate Firm in St. Louis

ST LOUIS/January 2, 2017 (STLRealEstate.News) Cushman & Wakefield (CW) was recently named by the St. Louis Business Journal as the No. 1 Largest Commercial Real Estate Firm in St. Louis.

A worldwide commercial real estate firm with offices in 250 cities around the world.  Locally, they have more than 206 active agents, total staff of 977, 27 local sales transactions, leasing more than 6.03 million square feet with revenues more than $464 million.

Services offered by CW are:

  • Account Management
  • Agency/Landlord Leasing
  • Corporate Finance & Investment Banking
  • Equity, Debt & Structured Finance
  • Facilities Management
  • Global Hospitality Group
  • Global Supply Chain Solutions
  • Industrial Services
  • Investment Sales & Acquisitions
  • Lease Administration
  • Office Leasing
  • Project Management
  • Property Tax Services
  • Asset Services
  • Global Retail Services
  • Risk Management Services
  • Senior Housing
  • Sustainability Services
  • Tenant Representation
  • Valuation
  • Workplace Strategy

CW has four locations in the St. Louis area according to their website:

CW, 721 Emerson Rd, St. Louis, MO 63141 – Phone: (314) 862-7100

CW, 55 West Port Plaza, Suite 500 and 600, St. Louis, MO 63146 – Phone: (314) 862-7100

CW, 7700 Forsyth Boulevard, 1210, Clayton, MO 63105 – Phone: (314) 862-7100

CW, 4678 World Parkway Circle, St. Louis, MO 63134 – Phone: (314) 813-2500

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Source: St. Louis Business Journal – Cushman & Wakefield website

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Contributing Editor: MWS

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

Construction projects in Ellisville, MO

QT, Ellisville, MO - West St. Louis County

Ellisville is a hopping community with Manchester and Clarkson being the hot spot

ST. LOUIS, MO/December 31, 2016 (STLRealEstate.News) Ellisville is a hot community for building projects right now.  The intersection at Manchester Rd and Clarkson appears to be the hottest spot.  The intersection is already home to McDonald’s, AT&T Store, Jimmy John’s, CVS Pharmacy and in a few weeks, QT and Popeyes will be open, making it the hottest intersection in Ellisville.

The QT is anticipated to open around the end of January 2017 according to sources onsite, but that date has not been confirmed by QT.

At 15909 Manchester Rd, just west of the McDonald’s, will be the new location of Popeyes Louisiana Kitchen, which according to the appearance shouldn’t be more than a few weeks to a couple of months from completion.

 

 

Popeyes, Ellisville, MO - West St. Louis County

Popeyes, Ellisville, MO – West St. Louis County

Just a few blocks to the east is a new Arby’s located at 15909 Manchester Rd and Children’s Learning Center across the street.  Perfect for dropping the kids, picking them up, grab some fast food and everybody is happy.

A few blocks north on Clarkson is a new Chick-Fil-A that appears to be close to its completion.  It appears that it will be opening in a few weeks, but no confirmation has been obtained.

If you live in Ellisville and like fast food, you will soon have plenty of new choices.  Don’t forget that QT has some great food as well.

Chick-Fil-A, Ellisville, MO

Chick-Fil-A, Ellisville, MO

Further west is a new apartment complex called Aventura at Towne Centre Apartments with what appears to be hundreds of apartments right off Manchester Rd at 16318 Truman Rd, Ellisville, MO.  While the economy is still sluggish, Ellisville, MO certainly appears to have done a few things right to attract all of this building that has brought millions of dollars to the community.  We have one concern relating to the Manchester Rd and Clarkson intersection; traffic!  Manchester Road is a very busy street now, but when all of these new locations are open, will it be too much traffic for Ellisville?  I’m certain that all of this was taken into consideration at the time.  Let’s hope their estimates were correct.

Aventura at Towne Centre Apartments, Ellisville, MO

Aventura at Towne Centre Apartments, Ellisville, MO

Aventura at Towne Centre Apartments, Ellisville, MO

Aventura at Towne Centre Apartments, Ellisville, MO

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Contributing Editor: MWS

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Pictures courtesy of St. Louis Media, LLC

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.

Peabody staying in downtown St. Louis offices

Peabody, St. Louis, MO

Peabody staying downtown St. Louis

St. Louis, MO/December 18, 2016 (STLRealEstate.News) Peabody Energy renewed their downtown St. Louis office leases through 2023 this year, making a sustainable commitment to their longtime St. Louis residency.  The energy agency’s world headquarters is based out of the downtown St. Louis offices, and they made the official lease extension announcement this past Wednesday.  The announcement extends the current lease on the company’s 701 Market Street office by two years as well.

The renewal of the entity’s lease comes at a frustrating and difficult time for the international company, still trying to determine how to course its way out of Chapter 11 bankruptcy.  Local news stations took special interest to the announcement, speculating that the business has a plan for climbing out of their economic woes in 2017.

“We took a decent amount of time to speculate the future of Peabody in many different ways,” said Vic Svec, a spokesperson for Peabody.  “Though we’re not entirely sure where we see ourselves five years from now, we do know one thing: that downtown St. Louis is our home, and we’re pleased to call it the home of our global headquarters.”

Svec went on to say that the decision is an enormous announcement of Peabody’s commitment to the greater St. Louis community, and their contributions in the form of job development and economic growth.  Additionally, the spokesperson confirmed that the lease renewal is a “testament to the sustainability of Peabody” as it emerges from bankruptcy.

Peabody was forced to file for Chapter 11 bankruptcy this past April.  The onslaught came from a disruption to coal markets and debt from recent purchases of mining companies overseas.  Svec acknowledged in her statement that development, along with the “industry headwinds,” sparked outside speculation about the fate awaiting its block of downtown real estate, as well as the company, overall.

Peabody currently employs about 380 people in its St. Louis headquarters.

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Picture courtesy of CleanTechnica

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Copyright 2016 K Amant, LLC d.b.a. STLRealEstate.News.  All rights reserved.  This material may not be published, broadcast, rewritten or redistributed.