Ken Nuernberger | Martin
“The first thing that drives a developer is the market, not the building. The reason this building doesn’t have residential space on the second floor is because there was such demand for creative office space in the neighborhood. The market drove the program for that building, and led to success.”
PROJECT SUMMARY
“A historic perspective is almost always the best,” explains Nuernberger. “We helped save the district by keeping the historic buildings and Jassen understood that.” From that initial understanding, the men decided to invest in the Martin building together. As of today, the building is 100% leased, housing over a dozen creative companies including our very own Onyx DCI.
RELATIONSHIP HIGHLIGHT
Though Jassen and ONYX had developed more than 59 other buildings before Martin, they still couldn’t keep up with the need for creative offices. Jassen hopes that with the success of these projects, people will see how important thoughtful urban planning is and how crucial considering personality and design is for the success of any space. He says, “We believe in being a thoughtful change agent for what development looks like in St. Louis, and part of that is thinking outside of what’s been done for years past.”
MEET KEN NUERNBERGER
Co Founded ND consulting and is a multi-dimensional real estate development and finance consulting firm assisting both private and nonprofit organizations in all matters related to the development, financing and operations of commercial and multi-family real estate. NDCG is especially successful in creating financing strategies for real estate development projects unable to fully meet standard lending criteria and in leveraging equity from federal, state and local government subsidy programs, such as Low-Income Housing Tax Credits, Historic Preservation Tax Credits and Tax Exempt Bonds.
