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Reforming The Old Carter Carburetor Factory Gran d The Shopping Complex

Reforming The O ld Carter Carburetor Factory

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The Grand Shopping Complex. The. Grand. Shopping Complex. Reforming The O ld Carter Carburetor Factory. The Carter Carburetor Factory Now. Background/Space. - PowerPoint PPT Presentation

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Page 1: Reforming The  O ld Carter  Carburetor Factory

Reforming The Old Carter Carburetor Factory

Grand

The

Shopping Complex

Page 2: Reforming The  O ld Carter  Carburetor Factory

Background/Space• The Carter Carburetor Corporation (also know as

the Carter Automotive Company Inc.), on 2840 N. Spring Avenue, has laid vacant since the 1990s when the automotive plant closed.The Carter Carburetor

Factory Now

Page 3: Reforming The  O ld Carter  Carburetor Factory

Our Purpose• We want to demolish the old Carter

Carburetor Corporation building on North Grand, and make it The Grand Shopping Complex, a multifaceted entertainment center with shops/restaurants/and other entertainment venues like a movie theater and gaming areas.

• The building which takes up an entire city block is three stories high and over 300 feet long, the perfect place for a downtown shopping epicenter.

• A mall downtown will revitalize the city area and bring even more revenue.

GSC

GSC

GSC

GSC

GSC

GSC

Page 4: Reforming The  O ld Carter  Carburetor Factory

Welcome to The Grand Shopping Complex

Parking Lot

First Level

First Level

Second Level

Second Level

Third LevelThird LevelParking LotsFirst LevelSecond LevelThird LevelRestaurantsShoppingHelp/EmergencyMovie Theater

The Grand Shopping Complex Legend

Plants/Trees

Plants/Trees

Page 5: Reforming The  O ld Carter  Carburetor Factory

Eco-Friendly• We want The Grand Shopping Complex to

be green and eco friendly. So on majority of the roof, we would like to have solar panels installed to keep the energy costs down.

• At New Jerseys, Glimcher’s Jersey Gardens Mall, 11 % of the mall’s electricity is acquired from solar panels.

• We would also like to start a partnership with Ameren UE to get the solar panels at a rebate.

Page 6: Reforming The  O ld Carter  Carburetor Factory

Development Cost• To build The Grand Shopping Complex,

it will cost roughly $50 million.– $15 million to demolish the current

building– $11 million for materials– $9 million for labor– $2 million for machine costs– $4 to $7 per watt per sq. feet for solar

paneled roof

Page 7: Reforming The  O ld Carter  Carburetor Factory

Proximity• 9 minutes from Downtown St. Louis. • 10 minutes from Edward Jones Dome.• 12 minutes from Barnes Jewish Hospital

Plaza.• 28 minutes from Creve Coeur.

Page 8: Reforming The  O ld Carter  Carburetor Factory

Partnerships & Funding's• We want to get a Environmental Grant or

something similar to the Federal Tax Credits for Consumer Energy Efficiency, because of the solar panels.

• Partnerships with the City of St. Louis, Pulaski Bank and local investing companies like Stifel or Central Trust & Investment Company.

• We’ll also acquire a TIF or tax increment financing worth hopefully $40 to give us some breathing room.

Page 9: Reforming The  O ld Carter  Carburetor Factory

Jobs: Who are we employing?

Construction (Experience Required)

• Architects• Electricians • Carpenters • Structural steel erectors,• HVAC workers (for heating,

cooling and ventilation)• Roofers• Brick layers• Other specialties like

flooring etc.

Mall Employees (Experience Needed)

• Security• Managers and

Assistant Managers• Chefs, Hostesses

and Waiters• Store Clerks• Movie Attendants• Emergency workers

Page 10: Reforming The  O ld Carter  Carburetor Factory

Why Downtown/How will this help the Downtown area?

• The Grand Shopping Complex will not only revamp the North Grand area, it will also bring revenue and jobs back to the city.

• With the new mall built, we expect a +50% increase in city revenue with the just this one block of property.

• Based on our research 45% of people that live and visit St. Louis enjoy shopping and eating but the big malls are located in the county (The Galleria, West County, Chesterfield, The Mills), which for some is a long drive.

Page 11: Reforming The  O ld Carter  Carburetor Factory

The Grand Change: Impact

• Many people’s lives will be changed by this development because jobs will be brought back to the city.

• We also hope that with our mall having solar panels, the city of St. Louis and other surrounding areas will begin using solar panels as well.

• The Grand Shopping Complex is right on a bus line, so countless people will be able to go shopping without the hassle of driving long distances.