Redevelopment of 300 South Broadway Advances Despite Shake Up
The $21.3 Million redevelopment of 300 South Broadway is still moving ahead despite recent developments regarding the project.
The biggest news recently made was that Pier Property Group, the development firm who has a growing portfolio throughout the City and County, parted ways with Bamboo Equity Partners on the project. This caused several people to email and text me about what the deal was and if this project was toast. I can say with nearly absolutely certainty that this project is not toast and is moving ahead as planned. Just the only thing different here is that Pier Property Group is no longer involved.
The plans still call for 80 market-rate apartment units in the building as well as a rooftop deck, pool, and 3800sf of ground floor retail space. New renderings posted to the Arcturis website reveal a little bit more detail about the redevelopment of the building. First off, balconies have been added to the North facade of the the new, 7th floor addition to the building. Renderings also reveal how the situation with the building's atrium.
Because of the building's size, some of the apartments will look into an atrium, which will be at the Southeast corner of the building. At the bottom of this atrium will be the pool and a community deck. Some balconies will look out into this atrium. 300 South Broadway has an atrium in it currently, and based on Google Satellite View, the atrium lines up with the one rendered above and in the gallery at the end of this post.
Everything is apparently on schedule at thus point in time. As of November 17th, a dumpster was on the Clark Street side of the building and crews have been in and out of the building in recent weeks removing some junk. No building permits have been issued yet for this project but I expect we will see some applications soon.
A tax abatement worth 90% for 10 years was approved by the City of St. Louis. Arcturis is the architect on the project. Brinkmann Constructors is the builder. The project had a working name of "Ballpark Flats", although that may have changed.
Additional renderings are found below...
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