Clayco Plans 13-Story, 200-Apt Building in Delmar Loop East
Date Posted: November 30, 2015
Posted In: Projects,
From nextSTL: The long-vacant large lot between Big Shark Bicycles and Gokul Indian Restaurant at 6103-6131 Delmar Boulevard could be developed as a 13-story, 200-unit apartment building within two years. The Yellow Cab Company building was demolished in 2006 by Josh and Neal Shapiro, owners of Original Cast Lighting. Plans to redevelop the site didn’t get off the ground due to the recession. The Times of Skinker DeBaliviere profiled the plan in its April-May 2006 issue. The Shapiro rehabbed his building across the street, which now hosts Tavolo V and Prozess Technologie. The empty lot has languished and filling commercial spaces on the south side of Delmar to the east has proven difficult. There simply needs to be more people living nearby.
At a meeting of the Delmar Commercial Committee today Jay Case of Clayco presented their plan for the empty lot. Clayco considers Metrolink a great asset and has done successful TOD in Denver that they would like to repeat here. They wish to be a part of a walkable, accessible neighborhood.
The building contains 200 market-rate apartments over 13 stories with 4500 square feet of ground-level retail. It is an incomplete U with the western leg of the U shortened. The facade will be all brick.
There will be 400 bedrooms spread over 1, 2, and 3-bedroom apartments. 1 Bedroom ~650 square feet, 2 BD ~900 sq ft, 3 BD 11-1200 sq ft. Rents are expected to be about $2.50 per sq ft. It has a large amenities terrace with a pool and gym.
There will be 200 structured parking spaces for tenants within the building as well as bike storage for at least 150 bicycles. On-site car sharing will also be available to tenants. The burden of providing below-cost car storage likely will lead Clayco to seek a tax abatement.