By. Chris Stritzel
Today was a very historic day for the Central West End and St. Louis in particular as the now famous "One Hundred" North Kingshighway Tower held a Commencement Ceremony to officially begin construction. The event was attended by about 60 people on the future site of the Tower. Everyone from neighborhood residents, to contractors to the General Public (like me) were down at the site for this historic event. Since it's unveiling by MAC Properties in December 2016, the One Hundred tower went through a design revision which removed two tiers from the design but kept the height. Some stainless steel was removed to make the building look more glassy than it did before. Other than that, it retains it's unique charm that it originally presented.
One Hundred will be roughly 50 feet taller than the Chase Park Plaza just a block North and that will surely make a difference. One Hundred will be visible from all over the City, and region if you have a sharp eye. It's unique design will also catch anyone's eye when they are driving down Kingshighway, Interstate 64, visiting Forest Park or visiting Central West End.
"We have a problem", says Mayor Lyda Krewson, "That problem is that St. Louis is a best kept secret and we are trying to reveal that secret to everyone and I hope this project helps open that door". But Maybe Lyda's hope is already coming true, by the same developer. Eli Ungar, the Founder of MAC Properties and Antheus Capital even stated, "I want to thank two of our partners on this project, Studio Gang and Clayco... We couldn't be more excited to start our relationship with Clayco and expect that we will be standing somewhere nearby at a podium like this on a equally sunny day soon talking about our 2nd, 3rd, 4th and 5th projects with Clayco".
"This is going to be a real game changer. This architect (Studio Gang) of this project is the most notable architect on a St. Louis building since the GenAmerica building went up in Downtown and to have that at this location will make it an instant landmark", said Joe Roddy, the Alderman of the Ward this development is in (The 17th Ward). He also emphasized what a great investment this building will be into St. Louis in the long run and even emphasized the revenue that will come off of this building by the end of the 15 year tax abatement agreement, "It will be Millions of dollars that will be pumped into the economy after 15 years".
There was a Time Capsule that was also sealed today at the event which includes 100 Letters from people and things from this day (2/27/18). It will not be opened until February 27th, 2118, approximately 100 Years after the project broke ground. "I don't know what the world will look like in 100 Years", Eli Ungar said jokingly, "but I can assure you that this site will look immensely different in 100 weeks". We couldn't agree more, and to be honest, it looks different already with all of that construction equipment and fencing on site!
In the end, One Hundred should be open by Mid-2020 as St. Louis City's tallest residential only building. Rent should hover around $3 per square foot (So a 500 Square Foot Studio Apartment, for example, will most likely go for $1500 per month). Once again, One Hundred will be 36 floors and 385 feet tall. The contractor is Clayco and the Architecture firm is Studio Gang. Total cost for the project will hover around $130 Million. A large investment on such a small lot, and we can't wait to see what MAC has planned elsewhere in St. Louis.
What do you think of the project and MAC's ambitious plans for the St. Louis market? Let me know down in the comments.