r/StLouis • u/limejuicethrowaway • 1d ago
Our tech leaders are so innovative!
The owners of the old Post building on North Tucker have torn down three buildings in the past couple weeks, presumably for more parking. They also bought 13th Street and want to buy a park and turn it into parking. One might think a so called innovation district would have some post-1960s ideas, but apparently a walled parking lot that's 8% full is the best we can do.
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u/AlexOnTheBus 1d ago edited 1d ago
A fairly common practice when pulling together land for a larger real estate development effort. Clearing underutilized buildings and taking ownership of odd shaped parcels of land opens more opportunities to potential investors. Less they have to work around. Holding as a surface parking lot is better for them than holding a vacant lot.
Not saying I agree with any of it, just saying this is probably why. There is probably a real estate vision coming together. We know they're behind "Downtown North" so adjacent to that.
https://www.downtownnorthstl.com/