reliance bank proposal for 4301 manchester in forest park southeast neighborhood - st. louis, mo

8/13/2019 Reliance Bank proposal for 4301 Manchester in Forest Park Southeast neighborhood - St. Louis, MO

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4301 Manchester – Reliance Bank

Site Address: 4301 Manchester

Request: 10 Year Tax Abatement

Company Name: Reliance Bank

Contact Person(s): Rick Sems

Mailing Address: 10401 Clayton Road, Frontenac, MO 63131

Project Information

Description and history of site:

The building at 4301 Manchester has been vacant for the past 6 years. The interior has sustained large amounts of water damage andthe foundation needs extensive repairs. Also, the third floor has begun to sag and fall into the second floor.

Current and future zoning:

The space is currently zoned G (Local Commercial and Office). No zoning change is needed.

Proposed Project:

Reliance Bank has a contract on purchasing the property. They plan to perform a gut rehab and convert it into a full service bank with2 drive-thru lanes. The bank will utilize the entire first floor. The second and third floors may be office or residential space that theylease out. There will be 3 customer entrances, one on the east side of the building adjacent to Tower Grove Ave, one on the west sideof the building adjacent to the parking lot, and one at the historical entrance at the corner of Manchester and Tower Grove. Vehicletraffic will enter the parking lot at Tower Grove and will exit onto Manchester. The project will consist of multiple landscaped areasaround the building.

Signage:

Signage will be placed on the awnings and windows. Reliance Bank is open to working with the development committee and ParkCentral to create a design for a sign that will be a positive addition to Manchester and the Grove




Parking:

The parking lot will consist of 13 parking spaces. Reliance Bank is open to working with Park Central and the Grove Community

Improvement Districts to allow the lot to be used for evening parking purposes.

Project Costs:

Construction Cost: $750,876.00Bank Build Out: $125,000.00Total: $875,876.00

Project Timeline:

Site Control: January, 2014Construction Start: February, 2014Construction Completion: August, 2014Occupancy: September, 2014

___________________________________________________________________________

Park Central Recommendation: Support of 10-Year Tax Abatement with the following conditions:

Pay $1,500.00 to have the “Evolution of the Bike” mural restored at 4301 Manchester or another building within the Grove.

Work with Park Central Development on the design of a sign that will add value to Manchester Ave and the Grove.

Make the parking lot available to the Grove Community Improvement District during evening hours.

Restore all historical windows and doors to the property.




Current Condition




Site Plan




Rendering

reliance bank proposal for 4301 manchester in forest park southeast neighborhood - st. louis, mo

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