By. Chris Stritzel
It has been nearly two years since the Business Journal talked about Alterra's $400 Million vision that would include numerous rehabs and the construction of a new 50-Story Riverfront Tower just North of Lumiere Place. After digging around and contacting people, it is safe to say that the ambition is still alive, and is further ahead in the design process than many of us think or thought. In what could be the tallest building in the city (and state), it has me anxious to see the design. The tower will clock in over 600 feet tall and be situated just North of Lumiere Place and the Four Seasons (literally).
The tower is being planned to be along the Broadway Strip, just about two or three blocks north of Lumière Place and the Four Seasons Hotel. This area is home to bars, a store or two and Bissengers as well as a loft building just behind them. This area has potential and could’ve been home to the $1 Billion NFL Stadium and a major redevelopment project by Forum, GRG and the City. That doesn’t appear to have any traction, so any independent developer could do a number here and that appears to be what Alterra is planning to do. The tower will be the centerpiece of a renewed North Broadway strip.
Certainly the price of the ambitions have changed since the $400 Million estimate came out about 2 years ago. The price of things have changed, so now their ambitions are probably somewhere closer to $600 Million, but you never know. The exact location of Alterra’s tower remains a mystery (address wise) but the general area is basically right. And while I try to get more details, the General make up of the building will include parking, retail and residential but no word on whether a hotel is part of the plan but I could see one just because a building of 50 floors couldn’t all be residential.
If built, the tower will extend the skyline way North and be an outlier compared to Lumiere Place and the General Downtown area but this could pay the way for other buildings to rise up to not make it such a outlier. From this location, the tower won’t appear taller than the Arch and that may be out of respect for the Arch. As said earlier, I’ll get more data and information.
UPDATE: 2:30 P.M. 4/30/18
Based on what I have heard and Alterra's track record, the Architecture firm will be 5G Studio Collaborative which is based in Dallas. They have designed some eye catching buildings before. So we can expect a forward thinking tower for this project as well.
UPDATE: 4:20 P.M. 5/1/18
I was informed that the location has yet to be fully selected and a location by Lumiere Place is still being looked at. I was also informed by multiple sources that the "grand unveiling" could happen in about 5 weeks. Around that time is when Alterra hopes to begin construction on the Jefferson Arms Project.
UPDATE: 9:30 P.M. 5/5/18
I received two phone calls today from other people who have knowledge of this project. They both said different things regarding the tower itself. One person said, "The Tower will be way taller than 550 feet" and that, "it would include a hotel, some office space and residential".