I am not that concerned, but I hear you. I like to think that developers know what they getting into before they invest millions into a project. In this case, $200+-million.
Such investment doesn't mean it won't fail, but I would think the developers would have explored all options to make such a district successful. It may explain why expanded residential is being added to Phase 1.
To respond to your potential red flags, this is the way I see it:
1. Granted the BD's locale is more constrained, but so is LL's to a certain extent. Laclede's Landing itself is separated by I-70 and industrial complexes to the north, but people still go there because of its offerings. People work there. BD will have to be as unique. The advantage for LL is MetroLink. The BD may have to network with the downtown trolley service and Metro to make up for its isolation. The BD could even have its own shuttle like Navy Pier does in Chicago.
I personally don't think the buildings are suburban. They definitely have a lot of glass and are short, but suburban? Perhaps the closed street and the setbacks of the front buildings give a suburban impression, but one thing that downtown St. Louis is missing a lot of, in my opinion, is glass.
St. Louis itself is so "bricked out" that it can have a dated look sometimes even when a lot of the buildings are new. I think BD's architecture has good contrast.
2. The Cochran Gardens is being torn down. A $72-million mixed-income project will take its place. I'm sure the developers would not be putting the BD in an unsafe place.
3. The closed streets could pose a problem, but the entertainment seems to be that one-of-a-kind entertainment that will draw people regardless just because of its uniqueness. As with the Loop, I have to park and walk if I want to get to one of my favorite restaurants - yet its streets are wide open.
4. The BD is not just an entertainment district. It is really a mixed-use development - office, residential, shopping, and entertainment.
St. Louis Centre's failure was largely because of parking issues and the St. Louis Galleria's opening. If Bottle District stays unique amenity and retail wise, I don't see how it could fail - especially with the residential and office components.
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