Clayton is Booming (St. Louis, Richmond Heights, Maplewood: apartments, leasing, houses)

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Been a while since I bumped this thread. A lot has changed from 2014, Montgomery Tower seems to be dead but all the other buildings are going up. BPV tower, CWE tower and the Centene towers and The Crossing.

Clayton certainly is still booming. And now this:

https://nextstl.com/2017/02/70m-24-s...ntown-clayton/

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Time for another update, Two Twelve (The Crossing) topped out earlier this year and has added to the Clayton skyline. The same developer is proposing the tower at 300 S Broadway.






Yet another tower has been proposed for Clayton, 8049 Forsyth. Here is a description and renderings:

https://nextstl.com/2017/11/8046-for...rk-apartments/

New renderings were submitted to the city of Clayton this week by Fleherty & Collins Properties for the proposed Shaw Park Apartments at 8049 Forsyth. The Indianapolis based developer has commissioned Atlanta based architecture firm Smallwood, Reynolds, Stewart, and Stewart to design the new 22 story apartment building.

The mixed use building will contain 228 market rate one and two bedroom apartments along with with 7800 sf of street level retail. The 431k sf building will offer residential amenities such as a dog park, exterior plaza, rooftop pool and sky deck. An attached 324 space garage will provide a mix of public, resident, and retail parking.

And of course the big one, Centene, has also broken ground and the first of 3 new towers is currently going up.

https://www.bizjournals.com/stlouis/...0-million.html

Centene officials, along with other local dignitaries, formally broke ground on the company's $770 million campus expansion project in Clayton.

The project will include multiple office towers, parking garages, residential units, a hotel and civic auditorium. Cushman & Wakefield is the development manager and real estate adviser on the project. HOK is the designer, and Clayco is the construction manager.

The first phase of the project will include a 600,000-square-foot office tower, a 550,000-square-foot parking garage and retail space across Hanley Road from Centene’s headquarters at 7700 Forsyth Blvd. Construction is expected to start next month with the project completed in 2019.

[glamatomic]

The Centene development looks wonderful.

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Agree the project will certainly enhance Clayton and the Auditorium looks so much better now than the original rendition.

Live Centene Construction cam:

https://app.truelook.com/?u=cp1471447396#tl_live

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All eyes are on county-owned sites in Clayton slated for sale | Business | stltoday.com

The county is sitting on millions of dollars worth of property in downtown Clayton, considered by many as the strongest submarket for office and residential real estate in the St. Louis area.

“Everybody that calls from out of town, they all want a site in Clayton, and there’s never that many,” said Dennis DeSantis, a commercial real estate broker in the local office of Colliers International.

Clayton is actually one of the more desirable real estate markets in the Midwest, and a single-digit office vacancy rate means there’s bound to be more appetite for office construction at some point, said TJ Redmond of commercial real estate firm CBRE.

“The hard part with Clayton is just the lack of sites,” he said.

St. Louis County government has sites that could be marketed. Estimated to be worth a combined $31.5 million, according to county real estate records, the land includes two former St. Louis County office sites on Meramec Avenue and the parking lot next to the Lawrence K. Roos Government Building.

Also headed for market is the former family courts building on South Brentwood Boulevard, just north of Enterprise Holding’s Clayton headquarters.

“Enterprise wants that property in the worst way,” said Denny Coleman, who as the former head of the St. Louis Economic Development Partnership is familiar with the county’s long-term plans to sell the property. “That provides them with the opportunity for growth down the line. Clayton would like to see that happen. Enterprise would like to see that happen.”

Snip

At least one developer is interested in some of the Port Authority land.

Joel Montgomery Jr., who owns several commercial properties on Central Avenue, has been eyeing the county-owned parking lot just to the south for years.

His company’s website even describes plans for a mixed-use project with several hundred thousand square feet of office space and a hotel by combining his family’s land with the Port Authority-owned parking lot. A tentative agreement with the county to solicit developers for the combined site has since expired, he said.

A plan Montgomery put forward in 2014 for a 33-story apartment tower using just the land he owns on Central Avenue is on hold while he waits to see how the other apartments hitting the Clayton market perform.

I thought I had read that the Montgomery Tower was all but dead so this is good news as well.

[chicagobear]

No wonder downtown St. Louis is so sad...

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Actually downtown is doing quite well compared to where it was a few years ago.

You have Jefferson Arms, Railway Exchange, BPVII and the new 300 Broadway proposal which would add over 1000 residential units when completed.

[mjtinmemphis]

Originally Posted by chicagobear

No wonder downtown St. Louis is so sad...

Downtown is sad visually for a downtown. It is a great neighborhood on paper looking at the amenities.

[Koji7]

Just recently got back from there, it does look kind of sad, it’s not just the sad look it’s a dead look. But also exciting too...once the powers that be start deciding to change that impression for good then I think St Louis will really prosper. You have to give people a reason to relocate there.

[chicagobear]

Originally Posted by Koji7

Just recently got back from there, it does look kind of sad, it’s not just the sad look it’s a dead look. But also exciting too...once the powers that be start deciding to change that impression for good then I think St Louis will really prosper. You have to give people a reason to relocate there.

They tore down too many old buildings in favor of parking lots.