By. Chris Stritzel
Yesterday, news was broken on the announcement that Garcia Properties purchased the old Grandview Arcade (Melba Theater) Building at 3600 South Grand. They have recently completed the restoration of the Gratiot School in Dogtown and their headquarters on Kingshighway. The both look really good and now they are going to tackle this beauty. It has been abandoned since the early to mid 1990s and the 25+ years of abandonment have taken its toll. Vandalism, boarded up windows and merferds line the building's street level while upstairs, broken windows and dirty terra cotta and brick are prominent. It just looks depressing and looks like something the city would demolish if they could. Thank god they are not.
Now, several market rate apartments will fill the building as well as co-working space in the building's former shopping arcade on the first floor. The old Melba Theater was torn town at some point in time and has since been replaced with a Apartment building. There will also be some co-living/work space on the first floor as well. Above, on floors 2 and 3, 12 there will be apartments that are expected to go for top dollar rent. That is a given.
The plan and desire is to get underway on this project by late this year and open up in the Summer of 2019. An ambitious time frame considering the way the building looks, unless the interior of the building is not in bad shape (which the Post-Dispatch article says that the old railing and intricate work is still there). Furthermore, the building was saved by a newer roof several years ago. All in all, it is a gem that can bring South grand's success further Southward and hopefully bring back the Gravois corridor as well.
The project is expected to cost around $5 Million. Garcia is expected to go for a Tax Abatement and use Historic Tax Credits because of how it is a historic building and is in a historic district.
Below are two other views of the building: one further South on Grand from the Southside National Bank Building and one from Miami Street on the Northern end.