{"id":1004066602,"date":"2013-02-01T21:22:42","date_gmt":"2013-02-02T05:22:42","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=99466"},"modified":"2020-05-11T02:56:19","modified_gmt":"2020-05-11T10:56:19","slug":"roberts-tower-to-feature-132-upscale-apartments-st-louis-zoning-panel-green-lights-apartment-building-in-dogtown","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/roberts-tower-to-feature-132-upscale-apartments-st-louis-zoning-panel-green-lights-apartment-building-in-dogtown\/","title":{"rendered":"Roberts Tower to Feature 132 Upscale Apartments; St. Louis Zoning Panel Green Lights Apartment Building in Dogtown"},"content":{"rendered":"<p><em>By Gabriel Circiog, Associate Editor <\/em><\/p>\n<p>The St. Louis Land Clearance for Redevelopment Authority has nominated STL Tower Partners as the preferred developer for the vacant Roberts Tower in downtown St. Louis. <em><a href=\"https:\/\/www.bizjournals.com\/stlouis\/morning_call\/2013\/01\/roberts-tower-moves-one-step-closer-to.html?iana=ind_rre\" rel=\"nofollow\" >The St. Louis Business Journal<\/a><\/em> reports the naming of the tower\u2019s owner takes the building one step closer to completion. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/Roberts-Tower450.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-99468\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/Roberts-Tower450.jpg\" alt=\"\" width=\"199\" height=\"300\" \/><\/a><\/p>\n<p>By reaching a redevelopment agreement with the Land Clearance for Redevelopment Authority, the developer ensures the tower will be eligible for a 10-year tax abatement. The property is located at 411 North 8th Street within a downtown redevelopment area established by the city in 1988.<\/p>\n<p>The construction of the tower was started in 2007 by St. Louis businessmen Mike and Steve Roberts. The brothers had in mind a $70 million project and planned to fill the building with 55 luxury condos, but apart from a restaurant which quickly went out of business, the tower has been empty. The development effort to complete the 25-story tower is now led by Chicago-based UrbanStreet Group. The group plans to spend $22 million and together with Cincinnati-based North American Properties, add 132 upscale apartments to the glass and concrete tower.<\/p>\n<p>In other real estate news, <em><a href=\"https:\/\/www.stltoday.com\/business\/columns\/building-blocks\/dogtown-project-earns-zoning-variance\/article_d30c277e-606d-5c90-8102-45a95ea0546b.html\" rel=\"nofollow\" >The St. Louis Post-Dispatch<\/a><\/em> reports the St. Louis zoning panel has given the green light to the developers of a planned five-story apartment building in the Dogtown neighborhood. The developers of the $12 million project, David and Brett Apted, have been granted by the Board of Adjustment members the required zoning variance to allow the construction of 63 market-rate apartments on the former site of Forest Park Lumber &amp; Supply Co. The board, however, requested the developers to provide one parking spot for each apartment, and to ensure the building\u2019s first three floors have a brick exterior.<\/p>\n<p><em>Photo Courtesy of: www.urbanstreetgroup.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The St. Louis Land Clearance for Redevelopment Authority has nominated STL Tower Partners as the preferred developer of the vacant Roberts Tower in downtown St. Louis.<\/p>\n","protected":false},"author":264,"featured_media":1004505928,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1611],"tags":[],"class_list":["post-1004066602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-st-louis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Roberts Tower to Feature 132 Upscale Apartments; St. Louis Zoning Panel Green Lights Apartment Building in Dogtown - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/roberts-tower-to-feature-132-upscale-apartments-st-louis-zoning-panel-green-lights-apartment-building-in-dogtown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Roberts Tower to Feature 132 Upscale Apartments; St. Louis Zoning Panel Green Lights Apartment Building in Dogtown\" \/>\n<meta property=\"og:description\" content=\"The St. Louis Land Clearance for Redevelopment Authority has nominated STL Tower Partners as the preferred developer of the vacant Roberts Tower in downtown St. Louis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/roberts-tower-to-feature-132-upscale-apartments-st-louis-zoning-panel-green-lights-apartment-building-in-dogtown\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-02T05:22:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T10:56:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Roberts-Tower450.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roberts-tower-to-feature-132-upscale-apartments-st-louis-zoning-panel-green-lights-apartment-building-in-dogtown\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roberts-tower-to-feature-132-upscale-apartments-st-louis-zoning-panel-green-lights-apartment-building-in-dogtown\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Roberts Tower to Feature 132 Upscale Apartments; 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