Developer Bamboo Equity Partners is moving forward quickly with their plans to redevelop the historic 300 S Broadway building just adjacent to the quickly-growing Ballpark Village. The building has seen a host of proposals, even a skyscraper concept that would be one of the tallest buildings in St. Louis if completed.
While the more flashy skyscraper proposal, created by HDA Architects, did not move forward, Bamboo Equity Partners decided to maintain the historic brick façade and renovate the vacant structure into ballpark adjacent apartments. Downtown’s residential population has steadily been growing over the past decade, with sky-high occupancy and multiple new multifamily projects either under construction or just proposed. Cordish’s One Cardinal Way is nearly 90% occupied just down the street, and it seems as though Bamboo Equity Partners saw value in being just next to a National Park, the Cardinals’, and the entertainment venues at Ballpark Village.
While their initial plans for the building included a penthouse addition to the roof of 300 S. Broadway with views into Busch Stadium, just revised plans amended the rooftop to be a smaller lounge and outdoor amenity space for all residents. However, some urbanists are disappointed that Bamboo Equity Partners appears to have scrapped their plans for ground-floor retail, opting instead for apartments directly on Broadway. For a development in the heart of Downtown and right next to Ballpark Village, this may be a missed opportunity, one albeit that may represent the new retail environment created by COVID-19.
“Penthouse addition with apartments and bleachers scrapped per plans posted on the SLDC planroom. Club room and terrace remains. Also interesting to note, the first floor will feature apartments facing Broadway. “Chris Stritzel summarizing the latest updates from the SLDC Planroom – 3/3/2021
Regardless, this will likely still be a huge benefit for Downtown St. Louis, which has over the past few years chipped away steadily at the abandoned buildings that grace its skyline. Combined with other recent projects like the Jefferson Arms renovation and the incredible progress along Washington Avenue, Downtown may just run out of abandoned buildings in the not too distant future to rehabilitate. Moreover, this will contribute to the day and nighttime populations in the city’s urban core, helping provide stability to neighboring businesses. We hope that ground-floor retail may make a return sometime, but this will still be an excellent place for residents with the incredible amount of amenities nearby.
Featured Photo Credit: Bamboo Equity Partners