Bamboo Equity Partners' redevelopment of the 300 South Broadway building is now underway.
Crews recently gutted the building, part of which was completed in 1880 and a more modern addition, designed to match the original building, being completed in the 1980s. A construction fence wrapped in Brinkmann Constructors banners has also gone up near the corner of Broadway and Clark. Additionally, IntelicaCRE recently posted a listing for a small, 590sf of ground floor commercial space at the corner of the building.
While the building's exterior appearance won't change that much between now and completion in 2022, the interior will be completely redesigned. As I reported before, the building will be home to 78 luxury apartments, a pool, and amenity spaces for the residents. One notable change from the original plans is the removal of the penthouse from the plans in favor of a simple rooftop deck and clubhouse.
The project, which, based on the retail space listings, has the name of "Ballpark Heights", was awarded a 10 year, 90% tax abatement late last year. The $21.3 million redevelopment project is being designed by Arcturis, who recently posted new renderings to their website showing the redesigned rooftop deck as well as some of the interior spaces.
Renderings show the main lobby, a first floor bar and "great room" space along Clark with what appear to be small work/conference rooms for those who will be working from home or just want a place to do their work outside of their apartment, the pool deck (which is in the building's atrium), a basement lounge/game room, and, as seen in the rooftop gallery, the rooftop clubhouse. The interior renderings also show a kitchen and living room of one of the apartments. The other building amenity, which isn't rendered but included in architectural drawings for contractors, will be a fitness center and mail room. From the looks of things, the building will not include interior parking spaces for the residents.
As I said earlier, construction is now underway on the building's redevelopment. So far this year, 11 building permits totaling a value of $16,779,867 have been applied for according to City of St. Louis records. Of those 11 applications, 7 have been issued and total a value of $14,629,867.
300 South Broadway is the second apartment development outside of Ballpark Village since the completion of One Cardinal Way, which is now 100% leased. The other project is the Opus Group's proposed development at 1014 Spruce, which will include 146 apartments. Both 300 South Broadway and 1014 Spruce, along with Ballpark Village, will bring more residents to the area immediately surrounding Busch Stadium in a bid to activate the area year-round. Opus has yet to begin construction on 1014 Spruce but in the late winter, geotechnical surveying was underway and has since been completed.
New renderings, from Arcturis, can be found here: https://www.arcturis.com/#/300-south-broadway-2/